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Landsbankinn, Iceland

Last modified: 2021-10-23 by christopher oehler
Keywords: landsbankinn | iceland |
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[Landsbankinn] image by Eugene Ipavec, 18 June 2017

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Large state-owned Icelandic bank established in 2008 in the aftermath of the financial crisis. Its red-and-blue logo flag is a common sight throughout the country, flown in front of a number of branches.
Eugene Ipavec, 18 June 2017

Landsbanki (literally "national bank") also commonly known as Landsbankinn (literally "the national bank"), formally Landsbanki Íslands hf (English: Iceland's National Bank) which is now the name of the current rebuilt bank (called "Nýtt Landsbanki, "New Landsbanki"), was founded in 1885 in Reykjavík by an Act of the Icelandic parliament and it started operations on July 1, 1886. From 1927 to 1961 the bank had acted as the Central Bank until it was replaced by the Seđlabanki Íslands (English: Central Bank of Iceland, official website: The bank had been state owned and was privatized in stages starting in the autumn of 1997 with the incorporation of Landsbanki Íslands hf and the process ended when the State sold a 45.8% holding in Landsbanki to Samson Holding ehf at the end of 2002, a move which ended in 2003. The bank was one of the largest Icelandic commercial banks until it went bankrupt in the 2008–2011 Icelandic financial crisis. Landsbankinn hf (the new bank that emerged from the bankruptcy) was established on October 7, 2008 during its restructuring process and it is commonly referred to as "New Landsbanki". The bank was then split into two, with a new bank, NBI hf., wholly owned by the Icelandic state".
Sources: (dead link, accessible through here)

Its corporate identity logo is found here in its respective section:

Its flag is the one reported by Eugene, although there's a variant as seen here (, source) displaying the banks' logo with the name below.

For additional information go to Landsbankinn (official websites),
Estaban Rivera, 19 June 2017