Reykjavik Savings Bank (SPRON) was established on March 5th 1932 when several members of the Reykavik trade workers union united to form a savings bank. The savings bank´s main purpose was to fund trade workers in their efforts to increase their business. The 63 original founders, each vouched for ISK 500 as backing for the Bank´s operations. On April 28th 1932, Reykjavik Savings Bank formally opened for business.

SPRON is a universal bank offering an extensive range of commercial and investment banking services to retail and corporate customers as well as institutional investors in the Greater Reykjavík area. SPRON continue to be a top performer in customer satisfaction in the Icelandic financial market, which bears witness to our commitment to personal and high-quality services.

SPRON’s subsidiaries are Frjálsi Investment Bank, the online bank Netbankinn, SPRON Factoring and SPRON Asset Management. They operate branches throughout the Reykjavík area. The Group employs about 210 people.