Arion Bank
Askar Capital
Central Bank of Iceland
Glitnir
Icelandic Investment Bank
Íslandsbanki
Kaupthing Investment Bank
Landsbanki
NBI Bank
Reykjavik Savings Bank
Saga Investment Bank
Straumur Investment Bank
Trading
List Of Investment Banks In Iceland
Published by Gbaf News
Posted on November 19, 2012
1 min read· Last updated: December 7, 2018
Key Takeaways
- Iceland’s investment banking landscape includes both current players and several defunct or restructured institutions.
- Arion Bank and Íslandsbanki provide full-service corporate and investment banking in Iceland.
- Several specialized investment banks like Fossar, Straumur, Saga, and Askar Capital have existed, though many have ceased operations.
- Glitnir and Kaupthing investment arms were absorbed into restructured universal banks post‑2008 crisis.
References
Frequently Asked Questions
Which Icelandic banks currently offer investment banking services?
Arion Bank, Íslandsbanki and Fossar are current institutions providing investment banking services in Iceland.
Are Glitnir or Kaupthing still operating as investment banks?
No; Glitnir and Kaupthing were restructured and absorbed into universal banks (e.g., Íslandsbanki, Arion) following the 2008 financial crisis.
What happened to Saga Investment Bank and Askar Capital?
Both Saga Investment Bank and Askar Capital are now defunct: Saga filed for bankruptcy in 2019, and Askar Capital went bankrupt in 2010.
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