Iceland
· Delayed Price · Currency is ISK Íslandsbanki Company Description
Íslandsbanki hf., together with its subsidiaries, provides banking products and services.
Personal Banking
Personal Banking provides service to all individuals who do business with the bank, via personal advisory services or ready access to digital solutions. The bank has around 141,000 active customers and is the market leader in payment cards for individuals.
Organizational Structure
Innovation and digital development is responsible for developing new digital solutions for customers, seeking opportunities for innovation, and leads in collaboration on fintech solutions.
Front-line branch and loan services offers personal advisory services to customers in the bank's branches nationwide.
Issuance solutions offers simple, effective payment solutions in the front ranks of payment market products.
Business Banking
Business Banking provides small and medium-sized enterprises (SME) with comprehensive financial services. Ergo, the bank's asset financing service, is also part of Business Banking.
Organizational Structure
Corporate Banking Centres and Branches
Business Banking operates corporate banking centres and branches in several locations in Iceland. The corporate banking centres are located in the bank's headquarters in Nordurturn and in Akureyri, the former serving customers in the capital area and the latter serving customers in North and East Iceland. Business Banking offers self-service solutions and personalized advisory services, which results in better access and better service to the company's customers. At the bank's Nordurturn branch, advisors provide general services to companies in greater Reykjavík, as well as handling telephone reception, online chat, and web services for all of Iceland. A centralised support unit for Business Banking, which focuses on due diligence and antimony laundering defences operates from the branch as well.
Digital Solutions
The company's customers can carry out their main banking activities through a wide range of distribution channels: the Íslandsbanki app, online bank, online chat, and the bank's website.
Ergo
The company's customers can carry out their main banking activities through a wide range of distribution channels: the Íslandsbanki app, online bank, online chat, and the bank's website.
Corporate and Investment Banking
Corporate and Investment Banking, a leader in investment banking in Iceland, focuses on providing its customers with comprehensive financial and investment banking services. The division serves large companies, pension funds, municipalities, investment funds, institutional investors, and high net worth customers.
Organizational Structure
Corporate Banking manages business relationships with large companies and institutions. This unit is responsible for all of the bank's service to these customers. With expertise in fishing, construction, and tourism, it provides service to all sectors of the Icelandic economy.
Corporate Finance provides investment banking services to both companies and individuals, such as acquisition and disposition of companies, mergers and other changes in ownership structure. In addition, the unit provides advisory services in connection with public listings, oversight of share offerings, preparation of prospectuses, and admission of securities to trading on the exchange.
Brokerage and Derivatives Desk: Brokerage consists of equity, fixed income, currency and derivatives sales, which in turn provide currency swaps, interest rate swaps, and forward contracts in equity and fixed income markets, as well as primary issuance of fixed income instruments. The unit's customers range from individuals to institutional investors.
Asset Management has two subsidiary units: Private Banking and Institutional Investors. The company's Private Banking offers asset management and advisory services to high net worth individuals, investment companies, funds, and charities. The Institutional Investors unit manages business relationships with large investors and is responsible for all of the bank's services to these customers.
Iceland Funds Ltd.
Iceland Funds Ltd. operates as an asset management company in Iceland. The company manages 22 funds for retail investors, including bond funds, equity funds, and mixed funds, as well as alternative investment funds. The company also operates a wide selection of equity and mixed funds and has also specialised in real estate funds and private equity funds.
Organizational Structure
Fund Management
The company's fund managers oversee funds that invest in bonds, stocks, and other financial instruments. Funds are a sound and economical way for depositors to invest their money in a securities portfolio, thereby diversifying risk. Iceland Funds also operates Alpha Equity Fund, which takes positions in the domestic stock market.
Asset Management
Iceland Funds' strong Asset Management team manages assets for individuals, public entities, and institutional investors that have made asset management agreements with the company.
Alternative Investment Funds
Iceland Funds has accumulated substantial experience in real estate investments and property development, as well as venture capital investments.
Strategy
The key elements of the company's strategy include being a data powerhouse and having a unique position in an open banking environment.
History
Íslandsbanki hf. was founded in 1905. The company was incorporated in 2008.
| Country | Iceland |
| Founded | 1875 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 775 |
| CEO | Jon Omarsson |
Contact Details
Address: HagasmAri 3 Kópavogur, 201 Iceland | |
| Phone | 354 440 4000 |
| Website | islandsbanki.is |
Stock Details
| Ticker Symbol | ISB |
| Exchange | Nasdaq Iceland |
| Fiscal Year | January - December |
| Reporting Currency | ISK |
| ISIN Number | IS0000028538 |
| SIC Code | 6020 |
Key Executives
| Name | Position |
|---|---|
| Jon Guoni Omarsson | Chief Executive Officer and Member of Executive Board |
| Gudmundur Kristinn Birgisson | Chief Risk Officer and Member of Executive Board |
| Riaan Dreyer | MD of Digital and Data and Member of Executive Board |
| Kristin Hronn | Managing Director of Corporate and Investment Banking and Member of Executive Board |
| Barbara Inga Albertsdottir | Chief Compliance Officer |
| Ellert Hlodversson | Chief Financial Officer |
| Una Steinsdottir | MD of Business Banking and Member of Executive Board |
| Bjarney Anna Bjarnadottir | Investor Relations |
| Edda Hermannsdottir | Head of Communications |
| Hafsteinn Bragason | Head of Human Resources |