Kaupthing Bank was formed by the merger of Kaupthing and Búnaðarbanki Íslands in 2003 and is the largest bank in Iceland. The bank employs over 3,300 people and maintains 36 retail branches in Iceland.
Kaupthing Bank offers integrated financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.
Kaupthing Bank's activities in Iceland are operated from the group's headquarters in Reykjavík. The Bank maintains a high profile in Iceland as the country's largest company and one of the country's largest employers. All of the Bank's primary services are offered in Iceland including corporate and wholesale banking services as well as wealth management services for high net-worth clients. A high-street banking chain offers general banking services to individuals through a network branches throughout the country.
Kaupthing Bank in Iceland was a founding member of the Iceland Stock Exchange and continues to act as an agent of innovation in the Icelandic economy, as the first bank to offer residential mortages to Icelanders as well as managed investment funds. Kaupthing Bank in Iceland employs that largest portion of the group's employees with 1,187 individuals at the end of June 2008.