Top 3 Largest Banks In Iceland

  1. Top 1 Landsbankinn hf.
  2. Top 2 Íslandsbanki hf.
  3. Top 3 Arion Bank

Top 3 Largest Banks In Iceland

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The Icelandic banking sector is typically in good shape. In Iceland, all businesses have regular access to commercial banking services. Businesses can obtain ... read more...

  1. Top 1

    Landsbankinn hf.

    Landsbankinn, formerly NBI hf., is an Icelandic bank based in Reykjavik. The Icelandic government founded it in 2008 to take over the domestic operations of its predecessor Landsbanki, which had failed during the 2008-2011 Icelandic financial crisis. It is the largest bank in Iceland, and its precursor dates back to 1885. The bank had 35 branches in Iceland by 2022. The bank has around 39% of the retail market and approximately 34% of the business banking industry (2022).


    Landsbankinn offers a full variety of financial services and is the market leader in Iceland's financial services sector, with the most branches and outlets distributed around the country. Landsbankinn provides retail and corporate banking, capital markets services, asset management, and wealth management to private banking clients. Landsbankinn has dealt with the significant fallout from the economic crisis, working to reestablish trust both in Iceland and internationally. Regulations and oversight of financial institutions have evolved significantly in order to maintain long-term effectiveness.


    Landsbankinn's strategy is shaped by and adapts to societal changes. To provide its customers with exceptional services that meet modern needs, the bank must constantly evolve. Its goal is to simplify consumers' lives by making finances more approachable while also increasing advising services. The bank will continue to give very exceptional service to consumers, but in a completely new way.


    Founded: 2008
    Headquarters: Capital Region, Iceland
    Website: https://www.landsbankinn.is/

    Screenshot of https://www.landsbankinn.is/
    Screenshot of https://www.landsbankinn.is/
    Landsbankinn

  2. Top 2

    Íslandsbanki hf.

    Íslandsbanki is an Icelandic bank with roots dating back to 1875. It was previously the domestic division of Glitnir banki hf., but on October 15, 2008, it was separated from the bankrupt Glitnir and reconstituted as a new independent bank. The bank's only business is to administer a branch network in Iceland, where it has a 20%-40% market share across all domestic franchise areas. The bank has 12 branches around Iceland as of 2022.


    Íslandsbanki hf. and its subsidiaries offer commercial banking goods and services to Icelandic people and enterprises. It provides account products such as current accounts, savings accounts, pension savings accounts, and ordinary savings accounts; funds; mortgages and student loans; and card products. In addition, the company offers fixed asset financing, factoring, letters of guarantee, asset management, insurance, corporate finance, and investment banking services to large companies, pension and investment funds, municipalities, institutional investors, and high net worth customers, as well as collection services, brokerage services, and online banking services. It also trades securities and foreign currency, as well as providing financial advice, corporate financing, loans, and private banking.


    Íslandsbanki hf. prioritizes dependable operations and having a beneficial social impact, but the bank's duty is to be a driving force for good work so that our customers succeed. Three business units collaborate closely to establish solid business ties in order to achieve the aim of being #1 in service.


    Founded: 1904
    Headquarters: Reykjavík, Iceland
    Website: https://www.islandsbanki.is/

    Screenshot of https://www.islandsbanki.is/
    Screenshot of https://www.islandsbanki.is/
    Íslandsbanki
  3. Top 3

    Arion Bank

    Arion Banki hf, formerly Nja Kauping hf or New Kaupthing, is an Icelandic bank founded in 1930. The bank works throughout the Greater Reykjavik area the country's biggest urban districts as well as one of largest banks in Iceland. In 2016, the bank held the third biggest market share of Icelandic current accounts (30%), trailing only Landsbankinn (36.1%) and Íslandsbanki (31%). The bank has 21 branches throughout the country and more than 100,000 customers.


    Arion Bank is a renowned Icelandic bank that provides comprehensive financial services to businesses, institutional investors, and individuals. Corporate and retail banking, investment banking, capital markets services, treasury services, asset management, and complete wealth management for private banking clients are among the services provided. It aspires to be the best by providing innovative and dependable financial solutions that produce long-term value for our clients, shareholders, and society as a whole. Arion Bank is a well-capitalized bank that offers universal banking services to businesses and people with the goal of producing long-term value for our customers, shareholders, partners, and society as a whole. The bank has a presence in both North America and Europe.


    Founded: 2008
    Headquarters: Reykjavík, Iceland
    Website: https://www.arionbanki.is/

    Screenshot of https://www.arionbanki.is/
    Screenshot of https://www.arionbanki.is/
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