The Agricultural Bank of Iceland (, ; or simply , ) was an

Iceland Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

bank A bank is a financial institution that accepts Deposit account, 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 m ...

. It was promulgated by the

Icelandic Parliament The (; ), anglicised as Althingi or Althing, is the supreme national parliament of Iceland. It is the oldest surviving parliament in the world. The Althing was founded in 930 at (' thing fields' or 'assembly fields'), about east of what lat ...

in 1929 and started operation a year later. In 2002 it was

privatized Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

and merged with

Kaupthing Bank Kaupthing Bank (, ) 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-based operations were ...

the following year.Búnaðarbanki Íslands og Kaupþing sameinast
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References

Banks of Iceland Banks established in 1930 {{Iceland-company-stub