Agricultural Bank of Iceland
| Industry | Banking |
|---|---|
| Founded | 1 July 1930 |
| Defunct | 2003 |
| Fate | Merged with Kaupthing Bank |
| Successor | Kaupþing-Búnaðarbanki |
| Headquarters | Reykjavík, Iceland |
| Owner | 45.8% Icelandic Government |
| Website | http://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.[1]
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