Operations
Íslandsbanki is organised into, four business units and eight centralised support units. The business units include retail banking, corporate banking, wealth management and markets.
Business units
Retail banking
- Retail banking offers comprehensive services to retail customers and SME's.
- The bank has over 45,000 active individual clients and around 5,500 SME's.
- It is the only retail bank in Iceland that offers in- house asset based financing services
Corporate banking
- Corporate banking offers a broad range of financial services to larger corporations and investors.
- Niche focus and industry team expertise in seafood and geothermal energy, built on our Icelandic heritage, opens attractive international organic growth opportunities.
Wealth management
- Íslandsbanki has been a leading player in Icelandic wealth management since 1986.
- Split up into two business lines private banking and financial advisory & services.
- Operates independent subsidiary IS Funds, one of the largest fund management companies in Iceland.
Markets
- Markets offer securities brokerage, FX sales, corporate advisory services and research
- Product offerings include: FX spot and forwards, money market loans/deposits, IRS/CIRS, bond repos and spot deals on bonds and equities.
- Research carries out in-depth economic analysis and issues regular forecasts on the main economic indicators in Iceland. They publish a daily newsletter both in Icelandic and English.
- Corporate advisory offers comprehensive services to investors, including: Listing and/or de-listing companies, restructuring, IPOs and LBOs.
Support units
The support units are centralised and serve the entire bank. They are comprised of eight units with some sub-divided into further independent units.
Finance
- Finance
- Treasury
- Strategic development & investor relations
Operational services and IT
- Software solutions
- Operational services
- Branch services
- Back office
- Quality management
Credit & risk
Credit control
- Credit committee administration
- Credit policy & procedure
- Credit quality monitoring & improvements
- Provisioning & impairments
Risk management
- ALM & capital management
- Risk analytics & modelling
- Market & operational risk
- Credit risk / Investment management
- Market control
Legal
- Legal department
- Legal collection
Marketing
- Advertising
- Product development
- Event management
Human resources
- Recruitment
- Training & development
- Corporate development
Corporate communication
- Public and internal communications
- Press and media relations
- Social media strategy
- Corporate responsibility
Compliance
- Monitoring
- Testing
- Record keeping
Last updated on December 2 2010