The following is a list of
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 ...
s in
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 ...
.
Contemporary banks
Central
*
Central Bank of Iceland
The Central Bank of Iceland (, ) is the central bank or reserve bank of Iceland. It is owned by the Icelandic government, and is administered by a governor and a seven-member supervisory board, elected by the country's parliament following ea ...
Commercial
*
Arion Bank
Arion Banki hf., formerly Nýja Kaupþing hf. (), is an Icelandic bank with roots tracing back to 1930. The bank operates in the Greater Reykjavík area as well as in the largest urban areas around the country. In 2016 the bank had the third large ...
(formerly known as ''New Kaupthing'')
*
Íslandsbanki
Íslandsbanki (, ) is an Icelandic bank with roots tracing back to 1875, formerly being the domestic part of Glitnir (bank), Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent ...
(formerly known as ''New Glitnir'')
*
Landsbankinn
Landsbankinn (, ), originally NBI hf., is an Icelandic bank headquartered in Reykjavík. It was established in 2008 by the Icelandic government out of the domestic operations of its predecessor Landsbanki which failed during the 2008–2011 Icela ...
(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 ...
(privately owned)
*
Búnaðarbanki (merged with
Kaupthing
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 ...
, became
KB Bank and later
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 ...
)
*
Glitnir (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 (bank), Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent ...
(First Íslandsbanki was founded in 1904, went bankrupt during the
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...
. 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 (, ) 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 ...
(previously government-owned, privatized, went back into government hands during the Icelandic financial crisis)
*
Landsbanki
Landsbanki (, ), also commonly known as Landsbankinn (, ) was one of the largest Icelandic commercial banks; it failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, t ...
(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, the gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. With a population of 387,000, this is $55,000 per capita, based ...
{{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.
As banks ...
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 ...
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 ...