viðskiptabankar
Viðskiptabankar (commercial banks) in Iceland are financial institutions that provide everyday banking services to individuals and businesses. They accept deposits, grant loans, process payments, issue payment instruments such as debit and credit cards, and offer online and branch-based banking, as well as savings products and basic advisory services.
Regulation and oversight: In Iceland, commercial banks operate under the supervision of the Fjármálaeftirlitið (Financial Supervisory
Market and operations: The term contrasts with investment banks and wholesale lenders. Many Icelandic commercial banks
Notable banks: Arion Banki, Íslandsbanki, Landsbankinn. History: The 2008 financial crisis led to major restructuring and