How many branches does Bank of Iceland have?

The sole operations of the bank is to manage a branch network in Iceland, with a 20%-40% market share across all domestic franchise areas. As of 2022, the bank has 12 branches around Iceland.

When did Landsbanki become a bank?

In the1920s Landsbanki became Iceland's largest bank, and was made responsible for issuing its bank notes. After the issuing of bank notes was transferred to the newly established Central Bank of Iceland in 1961, Landsbanki continued to develop as a commercial bank, expanding its branch network in the ensuing decades.

Why did Iceland start Landsbanki?

In establishing Landsbanki, the Icelandic parliament hopedto boost monetary transactions and encourage the country's nascent industries. Following its opening on 1 July 1886, the bank's first decades of operation were restricted by its limited financial capacity; it was little more than a savings and loan society.

Which is the largest commercial bank in Iceland?

Landsbankinn hf. is the 1st largest commercial bank in Iceland (out of 4 commercial banks) having market share of 36.69% amongst the banks of this category. In 2021 the bank's annual profit was 28 919,00 mln ISK.