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Trading

List of Banks in Iceland

Published by Gbaf News

Posted on June 14, 2012

1 min read

· Last updated: June 11, 2018

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Iðnaðarbanki
Arion Bank
Sparisjóður Strandamanna
NBI
Íslandsbanki
Landsbanki
Straumur Investment Bank
Íslandsbanki
Sparisjóður Höfðhverfinga
Sparisjóður Norðfjarðar
Sparisjóður Svarfdæla
Sparisjóður Siglufjarðar
Askar Capital
Sparisjóður Suður-Þingeyinga
Sparisjóður Ólafsfjarðar
Sparisjóður Vestmannaeyja
Sparisjóður Þórshafnar og nágrennis
Central Bank of Iceland
Nýi Glitnir
MP Bank
Glitnir
Sparisjóður Bolungarvíkur
Búnaðarbanki
Kaupthing Bank
Útvegsbanki
Samvinnubanki
MP Bank
Verzlunarbanki
 

Key Takeaways

  • Iceland’s banking sector includes a central bank, three major universal banks, and several savings banks.
  • The Central Bank of Iceland handles monetary policy and regulation, issuing currency and overseeing financial institutions.
  • The three dominant commercial banks by assets are Landsbankinn, Arion Bank, and Íslandsbanki, controlling most of the market.
  • Multiple regional savings banks and specialized players like Kvika also operate, alongside defunct or merged institutions historically significant.

References

Frequently Asked Questions

What is the central bank of Iceland?
The Central Bank of Iceland (Seðlabanki Íslands) is Iceland’s monetary authority, issuing currency and managing monetary policy and financial supervision.
Which are the largest commercial banks in Iceland?
The three largest commercial banks by total assets are Landsbankinn, Arion Bank, and Íslandsbanki.
Are there savings banks in Iceland?
Yes, several regional savings banks like Sparisjóður Austurlands, Sparisjóður Höfðhverfinga, Sparisjóður Strandamanna and Sparisjóður Suður‑Þingeyinga operate across Iceland.
What happened to defunct banks like Askar Capital?
Askar Capital was an investment bank active from 2007 to 2010 that went bankrupt following the 2008 financial crisis.

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