Iceland banks post big 2015 profits

Iceland’s three major banks have posted a combined profit of ISK 106.7 billion (approx. €750 million) for 2015.

In further evidence of the resurrection of the Icelandic banking sector – which famously crashed back in 2008 – the trio of Arion banki, Íslandsbanki and Landsbankinn have announced a combined 2015 profit figure which is 31% higher than the previous year’s.

2015 profits at the three banks are as follows:

Arion banki – ISK 49.7 billion
Íslandsbanki – ISK 20.6 billion
Landsbanki – ISK 36.5 billion