Agricultural Bank of Iceland explained

Agricultural Bank of Iceland
Successor:Kaupþing-Búnaðarbanki
Foundation:1 July 1930
Defunct:2003
Fate:Merged with Kaupthing Bank
Industry:Banking
Owner:45.8% Icelandic Government
Homepage:http://www.bi.is

The Agricultural Bank of Iceland (Icelandic: Búnaðarbanki Íslands, or simply Búnaðarbankinn) was an Icelandic bank. It was promulgated by the Icelandic Parliament in 1929 and started operation a year later. In 2002 it was privatized and merged with Kaupthing Bank the following year.[1]

Notes and References

  1. http://www.mbl.is/greinasafn/grein/725092/ Búnaðarbanki Íslands og Kaupþing sameinast