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| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | Reykjavík, Iceland (traces history to 1904) |
| Fate | Government custodianship, moratorium on payments |
| Successor | Nýi Glitnir (Icelandic business only) |
| Headquarters | Reykjavík, Iceland |
Key people | Þorsteinn Már Baldvinsson (Chairman of the board), Lárus Welding (CEO) |
 ISK 27,651 million (2007)[1] | |
| Total assets | ISK 2,948 billion (2007)[1] |
Number of employees | 1,980 (2007)[1] |
| Website | www.glitnir.is (in Icelandic) www.glitnirbank.com |
Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - Alþýðubanki (Union Bank), Verzlunarbanki (Bank of Commerce) and Iðnaðarbanki (Industrial Bank) - and one failing publicly held bank - Útvegsbanki (Fisheries Bank) - to form Íslandsbanki in 1990. At the time, Íslandsbanki was the only major privately held commercial bank in Iceland. It was publicly listed on the Iceland Stock Exchange, in 1993. Íslandsbanki subsequently merged with FBA Icelandic Investment Bank in 2000.
On 20 February 2009, in light of the Icelandic financial crisis, the bank’s name was changed back to the original Íslandsbanki.[2]
By 15 October 2009, it was decided that 95% of the new Íslandsbanki would be taken over by the creditors of Old Glitnir, while the government of Iceland would retain ownership of the remaining 5%.[3][4]
- ^ a b c "Annual Report 2007" (PDF). Glitnir. Archived from the original (PDF) on 2015-04-03. Retrieved 2008-05-08.
- ^ Íslandsbanki, Glitnir becomes Íslandsbanki Archived 2010-04-06 at the Wayback Machine (20 Feb 2009)
- ^ Íslandsbanki, Creditors Acquire 95% of Share Capital in Íslandsbanki Archived 2009-11-17 at the National and University Library of Iceland (15 Oct 2009)
- ^ Íslandsbanki, New Strong Owners of Íslandsbanki Archived 2009-12-01 at the Wayback Machine (15 Oct 2009)