Íslandsbanki hf., together with its subsidiaries, provides commercial banking products and services to individuals and businesses in Iceland. It operates through Personal Banking; Business Banking; Corporate & Investment Banking; Treasury and Proprietary Trading; Cost Centres; and Subsidiaries, Eliminations and Adjustments segments. It offers retail and corporate banking, investment banking, wealth and risk management, and asset financing services; current, savings, and pension savings accounts; funds, including bonds, shares, and mixed funds; mortgages and overdrafts; personal, car, capital, construction, and sustainable loans; debit, credit, and gift cards; collection and international business services; electronic invoices, and ATM services. It also provides fixed asset financing, factoring, and letter of guarantee; custody; insurance; corporate finance; green finance for charging stations; institutional investor services for pension funds, other smaller funds, institutions, and businesses; currency sales; and securities brokerage and trading services. In addition, the company offers financial services to larger companies, pension funds, municipalities, institutional investors, and high-net-worth individuals; foreign trade services, including foreign exchange transactions, guarantees, collection, and international payments; asset and cash management; investment advice; and lending and advisory, risk management, brokerage, and private banking services. The company was formerly known as Nyi Glitnir banki hf. and changed its name to Íslandsbanki hf. in February 2009. Íslandsbanki hf. was founded in 1875 and is based in Kópavogur, Iceland.