Corporate Banking offers companies a range of services including advice and assistance in connection with financing. Companies are provided with short-term or long-term loans, as well as revolving credit facilities and the emphasis is on tailoring the loans to suit the customers’ needs.
The client group of Corporate Banking is highly varied and represents virtually all sectors of the market. The Bank seeks to provide the best possible solutions for each company which calls for close co-operation between Corporate Banking and the clients. Corporate Banking has also provided investment financing activities. These activities entail lending to investment funds and holding companies with liquid investments (such as listed equities and bonds) as collateral. Loans are made on the basis of certain specified collateral coverage criteria, and for each loan collateral coverage is monitored against the market value of the collateral.
The bank enjoys a considerable market share in corporate loans in Iceland. The bank’s main competitors in Iceland are Íslandsbanki, Landsbanki. and the savings banks.