Agricultural Bank of Iceland

Agricultural Bank of Iceland
IndustryBanking
Founded1 July 1930
Defunct2003
FateMerged with Kaupthing Bank
SuccessorKaupþing-Búnaðarbanki
HeadquartersReykjavík, Iceland
Owner45.8% Icelandic Government
Websitehttp://www.bi.is

The Agricultural Bank of Iceland (Icelandic: Búnaðarbanki Íslands, pronounced [ˈpuːnaðarˌpauŋcɪ ˈistlan(t)s]; or simply Búnaðarbankinn [ˈpuːnaðarˌpauŋcɪn], lit. 'The Agricultural Bank') was an Icelandic bank. It was promulgated by the Icelandic Parliament in 1929 and started operation a year later. In 2002 it was privatized and merged with Kaupthing Bank the following year.

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