Central Bank of Iceland
The Central Bank is in charge of monetary policy implementation in Iceland and performs a wide range of functions to this end. The main objective of monetary policy is price stability. Furthermore, the Bank is also obliged to contribute towards the Government's main economic policy objectives insofar as it does not consider this to conflict with its own goal of price stability
Glitnir traces its history back to 1904, when the first privately owned bank in Iceland, ═slandsbanki hf., was established. Since then, we have undergone a number of mergers with banks and investment credit funds in Iceland, grown through strategic acquisitions in Norway, Sweden and Finland, and grown internationally through organic development. We have played a key role in Icelandĺs economic progress in the twentieth century. Today Glitnir has over 2200 employees in eleven countries, as of December 31, 2007.
Icebank (former Sparisjˇabanki ═slands) is a commercial bank, focusing on wholesale and investment banking services to savings banks, Icelandic and foreign financial institutions and other large customers. Icebank operates in the areas of trade finance and foreign exchange, payment services, treasury services and funding with the aim of providing outstanding services to a select group of Icelandic and foreign customers. The Bank achieves competitiveness and profitability through specialisation.
Icesave launched in the UK in October 2006 and is an online savings provider. Icesave, is a trading style of Landsbanki, one of the largest banks in Iceland. Landsbanki has international operations spanning the globe - including the Netherlands, the USA, Hong Kong and France.
Kaupthing Bank (Icelandic: Kaup■ing banki) (OMX: KAUP, OMX Stockholm: KAUP SEK) is an Icelandic bank, headquartered in ReykjavÝk, Iceland. It was formed by the merger of Kaupthing and B˙naarbanki ═slands in 2003 and is the largest bank in Iceland.
Since its establishment in 1885 (commenced operations in 1886) Landsbanki has been instrumental in the economic development of business and industry in Iceland. Landsbanki served as the central bank of Iceland from 1927 until 1961. At the time, this interest was primarily directed towards note issuance rather than monetary policy. It was later replaced in this capacity by the Central Bank of Iceland at the behest of the Althing.
Straumur Investment Bank
Straumur is IcelandĹs largest pure investment bank and the sixth-largest company on the OMX Nordic Exchange in Iceland. Through organic growth and strategic acquisitions, Straumur has an established presence in ten countries including the UK, Denmark, Sweden, Finland and the Czech Republic.