Reykjavik-based Glitnir posted lower profits on slightly higher revenue in annual results released Wednesday.
The seafood segment, which remains a relatively small portion of the bank's portfolio, accounted for 7 percent of the bank's ISK 1.975 billion ($29.3 billion/€19.9 billion) loan portfolio at the end of 2007, or around $2.1 billion (€1.4 billion).
By country, companies in Iceland and Norway continue to make up the lion's share of the bank's loans, but the bank last year increased its focus on Canada, United States, China, and Europe.
Among
