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 60,000 active individual clients and around 6,000 SME's.
• It is the only retail bank in Iceland that offers in- house asset based financing services

• Read more about the services of retail banking

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.

• Read more about investment opportunities 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