History

Íslandsbanki is built on a solid heritage of banking.


A leader in financial services in Iceland, Íslandsbanki is a universal bank with total assets of ISK 1,036bn and a 25% - 50% market share across all domestic business segments. Building on over 140 years of servicing key industries in Iceland, Íslandsbanki has developed specific expertise in tourism and the seafood, energy industries.

With a dedicated team of 900 employees and a vision of being #1 for service Íslandsbanki prides itself of being ranked first among banks in the Icelandic Customer Satisfaction Index for six out of seven years (2010, 2011, 2013, 2014, 2015, 2016 & 2017). The Bank was voted ‘Best Bank in Iceland’ by Euromoney four years in a row (2013- 2016), by the Banker (2014, 2016 & 2017) and ‘Best Investment Bank in Iceland’ by Euromoney (2014).

Profile

Íslandsbanki is built on a solid heritage of banking. The Bank has roots extending back to 1875 when the Álftaneshreppur Savings Bank, a regional savings bank in the south-western part of Iceland was founded, later merged with Hafnarfjördur Savings Bank in 1902. In the north of Iceland the regional Arnarneshreppur Savings Bank was founded in 1884, later merged with the Northern Savings Bank. Byr was then formed in the years 2007 and 2008 when these two merged with Kópavogur Savings Bank (1954) and the Machinists’ Savings Bank (1961).

“Old” Íslandsbanki was founded by international merchants in 1904 with the aim of supplying financing to the Icelandic industrial and fisheries sectors. Íslandsbanki, itself the product of a four-way merger, has for decades been instrumental in the consolidation of the Icelandic banking sector and, in so doing, improving its efficiency.

The Bank offers comprehensive financial services to households, corporations and professional investors in Iceland. The Bank has a strong market share across all domestic franchise areas that are Retail Banking, Corporate Banking, Capital Markets and Wealth Management.

Íslandsbanki operates the most efficient branch network in Iceland with its branches strategically based in the Reykjavík metropolitan area and larger towns across the country.