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.
Kvika Banki is the 4th largest bank in Iceland in terms of total assets. In 2017 its total assets were 75 596,52 mln ISK, providing the bank with the market share of 2.17%. Kvika Banki is the 4th largest commercial bank in Iceland (out of 4 commercial banks) having market share of 2.19% amongst the banks of this category. In 2017 the bank's annual profit was 1 590,90 mln ISK.
Kvika Banki participates in deposit guarantee scheme of Iceland. This scheme covers accounts up to 1,700,000 ISK per bank per depositor.
Kvika Banki is headquartered in Reykjavík.