Our overseas strategy is built on a heritage of servicing the core industries in Iceland. Corporate Banking is responsible for the Bank’s International activities, primarily focusing on the seafood and offshore industries within the North Atlantic region, including Norway, the Faroe Islands, Greenland, Canada and the United States.
Íslandsbanki and its predecessors have worked closely with the seafood industry for over a century, financing the first Icelandic motorized trawler in 1904. The Bank started its international operations in 1999 by providing financing solutions to the fishery sector on the East Coast of Canada following the moratorium on the Northern Cod fishery in the early 1990s. Íslandsbanki subsequently expanded its international business to include the energy and offshore industries.
Corporate Banking’s team members have extensive international experience. The Bank has participated in many important transactions in the seafood, energy and offshore industries, including acquisition financings, management buyouts and vessel financings.