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 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.
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.
Kvika Banki is headquartered in Reykjavík.
Kvika Banki has profiles at the following social networks:
Kvika Banki is authorized and supervised by the Central Bank of Iceland.