What is the banking system like in Iceland?

The Icelandic banking system has been completely overhauled in wake of the 2007–2008 financial crisis. There are now three major commercial banks, who are Landsbankinn (National Bank since 2008), Arion Bank (formerly Kaupthing Bank) and Islandsbanki (formerly Glitnir), and Kvika banki (formerly MP Straumur).

Which is the 1st largest bank in Iceland?

Landsbankinn hf. is the 1st largest bank in Iceland in terms of total assets. In 2021 its total assets were 1 729,80 bln ISK, providing the bank with the market share of 36.45%. Landsbankinn hf. is the 1st largest commercial bank in Iceland (out of 4 commercial banks) having market share of 36.69% amongst the banks of this category.

What kind of bank is Íslandsbanki?

About Íslandsbanki With a history that dates from 1875, Íslandsbanki is an Icelandic universal bank with a strong customer focus. The Bank believes in moving Iceland forward by empowering its customers to succeed-reflecting a commitment to run a solid business that is a force for good in society.

Who owns Landsbankinn?

Landsbankinn hf. was established on 7 October 2008 but the history of its predecessor dates back to 1886. The bank is owned by the National Treasury of Iceland with a 98.2%. Other shareholders own 1.8% of shares in the bank.Landsbankinn is a universal bank offering a full range of personal and corporate banking products and services.