ISB Plans to Open Representative Office in China
Íslandsbanki (ISB), a Norwegian Icelandic financial group, has announced plans to open a representative office in Shanghai, China, in 2006. “With a representative office we will be in a better position to service our customers in China and Asia. We have seen an increasing number of Icelandic and Norwegian companies establishing, or planning to establish, operations in China and Asia”, said Bjarni Ármannsson, chief executive officer at ISB. The new office’s primary business activities will be to develop relations with clients in China, focusing on the food sector, sustainable energy and shipping.