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Private company

MP Bank

Investment bank in Iceland

MP banki was an investment bank in Iceland that operated from 2003 until 2015 when it became part of Kvika Banki.2 It is headquartered in Reykjavík.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1999Founded1

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MP banki was an investment bank in Iceland that operated from 2003 until 2015 when it became part of Kvika Banki.2

The story

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 due to the 2008 financial crisis.

MP banki and Straumur Investment Bank merged in July 2015 and the name changed to Kvika banki.

From Wikipedia’s article on MP Bank, shared under CC BY-SA 4.0.3

Timeline

  1. 1999Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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