The following is a list of
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
s in
Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...
.
Contemporary banks
Central
*
Central Bank of Iceland
The Central Bank of Iceland ( is, Seðlabanki Íslands) is the central bank or reserve bank of Iceland. It has served in this capacity since 1961, when it was created by an act of the Alþingi out of the central banking department of Landsbank ...
Commercial
*
Arion Bank (formerly known as ''New Kaupthing'')
*
Íslandsbanki
Íslandsbanki is an Icelandic bank with roots tracing back to 1875, formerly being the domestic part of Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent bank. The sole opera ...
(formerly known as ''New Glitnir'')
*
Landsbankinn (formerly known as ''New Landsbanki'')
*
Kvika banki
Investment
*
Kvika banki
*
Defunct banks
*
Askar Capital Askar Capital was an investment bank in Iceland (2007–2010) offering advisory services related to investments in alternative financial products. The bank was established at the beginning of 2007 after a series of mergers, building on its history f ...
(privately owned)
*
Búnaðarbanki (merged with
Kaupthing
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic b ...
, became
KB Bank and later
Kaupthing Bank
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic ...
)
*
Glitnir
Forseti (Old Norse "the presiding one", "president" in modern Icelandic and Faroese) is the god of justice and reconciliation in Norse mythology. He is generally identified with Fosite, a god of the Frisians.
Name
Grimm took ''Forseti'', "''pr ...
(previously government-owned, privatized, went back into government hands during the Icelandic financial crisis)
*
Iðnaðarbanki (merged with Útvegsbanki, Alþýðubanki, Verzlunarbanki and Samvinnubanki)
*
Íslandsbanki
Íslandsbanki is an Icelandic bank with roots tracing back to 1875, formerly being the domestic part of Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent bank. The sole opera ...
(First Íslandsbanki was founded in 1904, went bankrupt during the
Great Depression. Second Íslandsbanki came into existence when the government owned banks Útvegsbanki, Samvinnubanki, Iðnaðarbanki and Verslunarbanki merged. Íslandsbanki was later re-branded as Glitnir Bank, which was taken into government administration late 2008. The third Íslandsbanki emerged on 20. February 2009 when the government-owned Glitnir Bank was re-branded as Íslandsbanki.)
*
Kaupthing Bank
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic ...
(previously government-owned, privatized, went back into government hands during the Icelandic financial crisis)
*
Landsbanki
Landsbanki (literally "national bank"), also commonly known as Landsbankinn (literally "the national bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that f ...
(previously government-owned, privatized, went back into government hands during the
Icelandic financial crisis)
*
Samvinnubanki (merged with Iðnaðarbanki, Alþýðubanki, Verzlunarbanki and Útvegsbanki)
*
Saga Investment Bank
*
SPB hf (formerly Icebank)
Útvegsbanki (merged with Iðnaðarbanki, Alþýðubanki, Verzlunarbanki and Samvinnubanki)
* Verzlunarbanki (merged with Útvegsbanki, Alþýðubanki, Iðnaðarbanki and Samvinnubanki)
See also
* Economy of Iceland
The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. With a population o350,000 this is $55,000 per capita, based on pu ...
{{DEFAULTSORT:Banks in Iceland
Banks
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Becaus ...
Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...
Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...