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In total, there are 8 commercial banks operating in Iceland.

The Central Bank of Iceland
Arion Bank | Reykjavík Update: 2019-08-28

Arion Bank is a leading Icelandic bank offering universal financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients. Arion bank has solely operations in Iceland.
Kvika Bank | Reykjavik Update: 2020-03-28

Kvika banki hf. (English Kvika Bank, formerly MP Bank, Straumur Investment Bank) is a specialized investment bank that provides asset management and investment banking services in Iceland and the United Kingdom. Kvika has been awarded Bank of the Year 2018 and 2019 in Iceland by The Banker.
Landsbanki | Reykjavik Update: 2019-07-14

Landsbanki (NBI hf, Landsbankinn), is an international Icelandic bank. Building on its strong foundation in Iceland, Landsbanki has successfully extended its financial operations into new markets, focusing on serving mid-cap corporates in Europe in a transactional setting. On October 7, 2008, the Icelandic Financial Supervisory Authority took control of Landsbanki.
Íslandsbanki | Kópavogur Update: 2020-03-28

Islandsbanki hf. (formerly Glitnir banki hf.) is an Icelandic universal bank providing personal, corporate, and investment banking services to individuals and business entities. It's the 3rd largest bank in Iceland in terms of total assets.

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