Company type | Private |
---|---|
Industry | Banking |
Founded | October 15, 2003 |
Defunct | June 30, 2015 |
Successor | Kvika banki |
Headquarters | Reykjavík, Iceland |
MP banki was an investment bank in Iceland that operated from 2003 until 2015 when it became part of Kvika Banki. [1]
The company was founded as MP Securities ( Icelandic: MP Verðbréf hf) in 1999 [2] [3] by Margeir Pétursson [3] together with Sverrir Kristinsson and Ágústi Sindra Karlsson. [ citation needed] They owned 10% each, while Margeir 80% shares.
The bank received an investment banking license in 2003 and started to offered a comprehensive investment banking service. After the bank was licensed as an investment bank the name changed to MP Investment Bank ( Icelandic: MP Fjárfestingarbanki hf).
In 2008, the bank received a commercial banking license and changed its name to MP banki. [3] It became the only commercial bank in Iceland that did not collapse that year when the worldwide economic crisis hit the country. [3]
MP banki and Straumur Investment Bank merged in July 2015 and the name changed to Kvika banki. [1]
Company type | Private |
---|---|
Industry | Banking |
Founded | October 15, 2003 |
Defunct | June 30, 2015 |
Successor | Kvika banki |
Headquarters | Reykjavík, Iceland |
MP banki was an investment bank in Iceland that operated from 2003 until 2015 when it became part of Kvika Banki. [1]
The company was founded as MP Securities ( Icelandic: MP Verðbréf hf) in 1999 [2] [3] by Margeir Pétursson [3] together with Sverrir Kristinsson and Ágústi Sindra Karlsson. [ citation needed] They owned 10% each, while Margeir 80% shares.
The bank received an investment banking license in 2003 and started to offered a comprehensive investment banking service. After the bank was licensed as an investment bank the name changed to MP Investment Bank ( Icelandic: MP Fjárfestingarbanki hf).
In 2008, the bank received a commercial banking license and changed its name to MP banki. [3] It became the only commercial bank in Iceland that did not collapse that year when the worldwide economic crisis hit the country. [3]
MP banki and Straumur Investment Bank merged in July 2015 and the name changed to Kvika banki. [1]