Banking in Iceland

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Banking in Iceland faced a crisis in 2008, which resulted in the government taking over three of its largest commercial banks.

The short-term liabilities of Icelandic banks in proportion to Iceland's GDP are 211%, as of 11 October 2008, or 480% of the country's national debt, and the average leverage ratio (assets/networth) is 1 to 14.[1]

Central Bank[edit]

  • Seðlabanki Íslands

Major Commercial Banks[edit]

  • Landsbankinn
  • Íslandsbanki
  • Arion banki
  • MP banki

See also[edit]