Kvika Banki

Business Focus
asset management

In October 2015 MP Bank was renamed to Kvika Bank. Kvika Bank is a specialised bank focusing on asset management and capital markets. Kvika Asset Management offers comprehensive solutions covering major asset classes, including fixed-income securities, equities, and real estate in both domestic and international markets.

Bank Category

Commercial banks

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Ways to Bank

Kvika Banki delivers its products and services through both direct and indirect channels, namely:
online banking


Total Assets of Kvika Banki
Annual_profit of Kvika Banki
Market Share of Kvika Banki
Total Assets (2019)
105.58 bln ISK  (+19.61%)
Annual Profit (2019)
2,660.45 mln ISK  (+51.88%)

Kvika Banki is the 4th largest bank in Iceland in terms of total assets. In 2019 its total assets were 105,58 bln ISK, providing the bank with the market share of 2.75%. Kvika Banki is the 4th largest commercial bank in Iceland (out of 4 commercial banks) having market share of 2.77% amongst the banks of this category. In 2019 the bank's annual profit was 2 660,45 mln ISK.

Deposit Guarantee

Protected Amount
up to 1,700,000 ISK
Guarantee Fund
Icelandic Depositors’ and Investors’ Guarantee Fund (TIF)
Covered Depositors
natural persons
Covered Accounts
any credit balance

Kvika Banki participates in the deposit guarantee scheme of Iceland. This deposit guarantee scheme applies to any credit balance made by natural persons and covers up to up to 1,700,000 ISK per bank per depositor. Kvika Banki is a member of Icelandic Depositors’ and Investors’ Guarantee Fund (TIF) and makes its contributions into it.


Borgartúni 25, 105, Reykjavík, Iceland
+354 540 3200

Kvika Banki is headquartered in Reykjavík.

Social Networks

Kvika Banki has profiles at the following social networks:

Bank Identifiers

Company Number

Bank Supervision

Supervised By
Central Bank of Iceland

Kvika Banki is authorized and supervised by the Central Bank of Iceland.

Bank History

Previous Name
MP banki hf.

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