| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | October 15, 2003 (2003-10-15) |
| Defunct | June 30, 2015 (2015-06-30) |
| Successor | Kvika banki |
| Headquarters | Reykjavík, Iceland |
MP banki was an investment bank in Iceland that operated from 2003 until 2015 when it became part of Kvika Banki.
History
The company was founded as MP Securities (Icelandic: MP Verðbréf hf) in 1999 by Margeir Pétursson together with Sverrir Kristinsson and Ágústi Sindra Karlsson. They owned 10% each, while Margeir 80% shares.
The bank received an investment banking license in 2003 and started to offered a comprehensive investment banking service. After the bank was licensed as an investment bank the name changed to MP Investment Bank (Icelandic: MP Fjárfestingarbanki hf).
In 2008, the bank received a commercial banking license and changed its name to MP banki. It became the only commercial bank in Iceland that did not collapse that year when the worldwide economic crisis hit the country.
MP banki and Straumur Investment Bank merged in July 2015 and the name changed to Kvika banki.
References
- ^ "The world has a lot to learn from Iceland's economic recovery". worldfinance.com. World Finance. Retrieved 2018-01-19.
- "Mr. Vygandas Jūras has been appointed Head of MP Investment Bank - Baltic Branch". Kvika (EN). Retrieved 2018-01-19.
- ^ McClain, Dylan Loeb (2009-07-03). "Caution Kept Icelandic Bank Clear of the Worst". The New York Times. ISSN 0362-4331. Retrieved 2018-02-02.
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