Áslandsbanki Is An Icelandic Bank With A History Dating Back To 1875. It Was Formerly The Domestic Part Of Glitnir Banki Hf., But Was Separated From The Bankrupt Glitnir On October 15, 2008 And Re-established As A New Independent Bank. The Bank's Sole Business Is To Manage Iceland's Branch Network, With A Market Share Of 20% -40% In All Domestic Concession Areas. As Of 2022, The Bank Has 12 Branches Throughout Iceland.
FBA Icelandic Investment Bank Briefly Changed Its Name To The Bank Of Iceland
Main Entry: Glitnir (Bank)
The Bank Of Iceland
The Bank Of Iceland
Was Originally Established In 1990 Through The Merger Of The Bank Of Iceland (Union Bank), Verzlunarbanki (Commercial Bank) And The Bank Of Iceland (Industrial Bank). After Merging With The FBA Icelandic Investment Bank In 2000, The Bank Was Briefly Renamed The Bank Of Iceland As The Bank Of Iceland - FBA, But The "FBA" Was Removed From The Name In 2002. In 2006, The Bank Was Renamed Again As Glitnir.
The Bank Of Iceland
Was Re-established On 15 October 2008 Under The Name Of The Bank Of Iceland Under The Name Of The Bank Of Iceland
To Take Over The Glitnir Banki Hf. The Icelandic Operations, Following The Icelandic Financial Crisis Of 2008-2011. The Name Was Changed To Izlandsbanki On 20 February 2009. Following The Financial Collapse, The Name Glitnir Was Considered Unreliable And A New Logo Was Designed Based On The Old Glitnir And Izlandsbanki Logos. From 2008 To 2021, Izlandsbanki Was Wholly Owned By The Icelandic National Ministry Of Finance.
At The End Of 2017, The Bank Had 861 Full-time Employees With Total Assets Of 1.036 Trillion Icelandic Kroner. Its Operations Are Divided Into Six Business Units: Retail Banking, Corporate Banking, Markets, Wealth Management, Finance And Subsidiaries, And Equity Investments. The Bank Has A 20-40% Market Share In All Domestic Concession Areas And Operates An Efficient Branch Network In Iceland.
In 2009, The Directors, Executives, And Auditors Of Four Icelandic Banks (Kaupthing Bank, Landsbanki, Glitnir/Üslandsbanki, And The Central Bank Of Iceland) Were Awarded The Ironic Ig Nobel Prize In Economics For Demonstrating That Small Banks Can Be Quickly Transformed Into Big Banks And Vice Versa, And For Demonstrating That Something Similar Can Be Done To The Entire National Economy.
The Current CEO Is Jón Guøni Ömarsson.
