Glitnir is an Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - Alþýðubanki, Verzlunarbanki and Iðnaðarbanki - and one failing publicly held bank - Útvegsbanki - to form Íslandsbanki in 1990.
Established in 1904, the bank was first known as Íslandsbanki. The name Glitnir was chosen in 2006 to reflect their wider Nordic tradition and to distinguish a new era of growth and expansion.
The Group's principal activity is to provide financial services to both private customers and businesses. The Group's home markets are Iceland and Norway where it offers a broad range of financial services, including corporate banking, investment banking, capital markets, investment management and retail banking.