Industry Banking Headquarters Reykjavik Number of employees 1,233 | Area served Iceland Founded 9 October 2008 Predecessor Landsbanki | |
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Key people Hreiðar Bjarnason
( Interim CEO)
Helga Björk Eiríksdóttir
(Chairman) Products Consumer banking, corporate banking, mortgage loans, private banking, private equity, wealth management, credit cards, Revenue ISK 92.832 billion (2013) Operating income Type Privately held company, State-owned enterprise Profiles | ||
Steinthor palsson ceo of landsbankinn speaks about the importance of an effective market in iceland
Landsbankinn (literally "the national bank", originally NBI hf, also known as Nýi Landsbanki, Icelandic for "new national bank") is an Icelandic bank headquartered in Reykjavík. It was established in 2008 by the Icelandic government out of the domestic operations of its predecessor Landsbanki which failed during the 2008–2011 Icelandic financial crisis. It is one of the largest banks in Iceland and the history of its predecessor goes back to 1885.
Contents
- Steinthor palsson ceo of landsbankinn speaks about the importance of an effective market in iceland
- History
- References
The bank has been state owned since its establishment and its current shareholders are the Icelandic State Financial Investments with 81.33% of the shares in the bank, while the remaining 18.67% of the shares are currently owned by the winding-up receivership (Landsskil) for the old bankrupt Landsbanki.
History
NBI hf was created 9 October 2008, after the government had taken control of the insolvent Landsbanki two days earlier and decided to split all domestic operations into this new surviving version of the bank, while leaving the remaining foreign operations of Landsbanki for bankruptcy and winding-up proceedings. The total assets value declined roughly to a third for the new bank, when comparing to the previous size for the old version of the bank. The number of employees were also reduced from 2770 in 2007, to only 1233 in 2012.
In April 2011, the legal name was changed from NBI hf. to Landsbankinn hf.