From Wikicompany

KB Banki is one of three major commercial banks in Iceland and the largest bank overall in the country.

Formerly the bank was called Kaupþing Búnaðarbanki (or Kaupthing Bank), which stands for "Kaupthing Agricultural Bank".

The bank currently operates in 10 countries, and employs over 1,600 people. The bank has 36 branches across Iceland.

History

The company was formed by the merger of Kaupþing Bank and Búnaðarbanki Íslands in 2003.

Founded in 1930 Búnaðarbanki Íslands was publicly owned from its inception and was privatized by the government in stages between 1998 and 2003.

Kaupþing Bank was founded in 1982. Four years later, it was one of the founding members of the Kauphöll Íslands, the Iceland Stock Market. Half of the bank was sold to the Icelandic savings banks in 1986. The other half was sold to Búnaðarbanki Íslands in 1990, which sold its shares to the savings banks in 1996. The savings banks began selling its shares to the public on the stock market in 2000.

External links

• Official Icelandic website
• Kaupthing Private Banking - Luxembourg

KB Banki Bank Reykjavik Iceland Luxembourg 2003 1.000-10.000 employees