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Three Icelandic Banks among top 300 in World

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Three Icelandic Banks among top 300 in World

Kaupthing bank is now number 177 in a list of the world’s biggest banks. According to mbl.is, the international magazine The Banker compiled a list of the largest banks in the world and the Icelandic banks are on their way up. Last year Kaupthing bank was number 211. The ranking is based on shareholder’s capital at the end of year 2005. Landsbanki came in at number 236 and Glitnir number 300. The top seven banks in the world are: 1. Citigroup Bandaríkin 2. HSBC Bretland 3. Bank of America Bandaríkin 4. JP Morgan Chase & Co Bandaríkin 5. Mitsubishi UFJ Financial Group Japan 6. Crédit Agricole Groupe Frakkland 7. Royal Bank of Scotland Bretland

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