Verified List of Banks in Iceland (2026 Update)
Official Name: Republic of Iceland
Capital City: Reykjavik
Currency: Krona (ISK)
Continent: Europe Country: Iceland Total Banks: 6
Our records for Iceland currently show 6 verified banking institutions, primarily based in and around Reykjavik. This listing was last cross-checked against primary sources during the 2026 audit cycle.
Iceland holds 1.98 tonnes of gold reserves, a hard-asset buffer factored into its broader financial resilience profile. Average inflation is estimated at approximately 3.10%, a useful benchmark for currency and purchasing-power stability in the region. The average income level sits at approximately 6,398.00 USD, relevant context alongside the country's banking infrastructure. Iceland's largest commercial bank is Landesbank.
Iceland's banking sector shows roughly 100% direct SWIFT/BIC connectivity, corresponding to an 'Integrated' classification under the Bankinfobook Financial Connectivity Index.
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Looking for more details on SWIFT codes? Explore our comprehensive guide to SWIFT Codes Explained.
Arion bank
SWIFT: ESJAISRE
Islandsbank
SWIFT: GLITISRE
Kvika bank
SWIFT: MPBAISRE
Landesbank
SWIFT: NBIIISRE
Sedlabank
SWIFT: SISLISRE
Sparisjodurinn bank
SWIFT: SPKFISR1
✓ Verified: This entry was personally compiled and reviewed by Milan Ignjatovic using primary sources.
Founder & Sole Curator, Bankinfobook | Master Manager of ICT · Graduated Economist
Last Data Review: January 30, 2026