Landsbankinn

Stock performance

History

Landsbankinn was formed from the remnants of Landsbanki, one of the three major Icelandic banks that collapsed spectacularly in the 2008 global financial crisis, an event that plunged Iceland into one of the most severe banking crises experienced by any developed economy, and was rebuilt as a new, majority state-owned bank following the restructuring.

Business model

Landsbankinn provides retail, corporate, and investment banking services across Iceland, operating as the largest bank in the country following the post-2008 restructuring of Iceland's banking sector.

Market position

Landsbankinn is the largest bank in Iceland by assets, holding a leading position alongside Arion Bank and Íslandsbanki in a banking sector completely rebuilt following the catastrophic 2008 collapse of Iceland's previous banking system.

Country impact

Landsbankinn is the largest financial institution in Iceland, and its formation from the ashes of the 2008 banking collapse makes it central to the story of Iceland's dramatic financial-crisis recovery, widely studied internationally as an unusual case of a country allowing its banks to fail and restructuring from the ground up.