Islandsbanki hf
IICE:ISB139.40
ISK
+0.60
(+0.43%)
Islandsbanki hf
ICE:ISB
(Nasdaq Iceland)
Recent
price
139.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Íslandsbanki hf. (ISB.IC) operates as an Iceland-based universal commercial bank providing comprehensive financial products and services to retail, small and medium-sized enterprise (SME), corporate, and high-net-worth clients; its core offerings include personal banking with current accounts, savings and pension savings accounts, mortgages, overdrafts, personal loans, car loans, capital loans, construction loans, sustainable loans, debit cards, credit cards, and gift cards; business banking encompassing lending, savings products, payment solutions, collection services, and international business services; corporate and investment banking featuring universal financial services, investment banking, capital markets access, and advisory for large companies, municipalities, and institutional investors; wealth management with investment advice, asset management, funds including bonds, shares, and mixed funds; treasury and proprietary trading; leasing and asset-based financing such as Ergo for vehicles and infrastructure projects; and digital solutions like online banking, mobile app features including "My Family" for family finance management, electronic invoices, and ATM access. The bank maintains a network of 12 branches across Iceland, holding a 20-40% market share in key domestic segments and ranking among the country's three largest banks; it targets individuals, households, SMEs, large corporations, municipalities, institutional investors, and pension funds primarily within Iceland, with expertise in sectors like geothermal energy finance, seafood finance, and infrastructure lending. Founded in 1875 as Álftanes Savings Bank and evolving through mergers including the original Íslandsbanki established in 1904, the bank is headquartered at 3 Hagasmari, Kópavogur, Capital Region, Iceland, with approximately 861 employees. In recent developments, Íslandsbanki initiates formal merger discussions with Skagi hf. as of 2025, aiming to integrate banking with insurance via Skagi's subsidiary VÍS—including a successful partnership launched in May 2025 generating over 5,000 referrals—targeting annual synergies of ISK 1.8-2.4 billion, enhanced investment banking, diversified fee income, and external growth opportunities; the bank reports solid Q3 2025 results with net profit of ISK 6.9 billion, ROE of 12.2%, NIM of 3.1%, and customer loans at ISK 1,333 billion; it launches app enhancements like used car financing via Ergo, finances infrastructure such as the Ölfusá Bridge, conducts ongoing share buybacks including a new round for up to 25 million shares, and adapts to a Supreme Court ruling on variable interest rates while awaiting reference rate publications.