Banking in Iceland

Banking in Iceland faced a crisis in 2008, which resulted in the government taking over three of its largest commercial banks.

The short-term liabilities of Icelandic banks in proportion to Iceland's GDP are 211%, as of 11 October 2008, or 480% of the country's national debt, and the average leverage ratio (assets/networth) is 1 to 14.^[1]

See also

• 2008–11 Icelandic financial crisis

References

v t e Iceland topics History By topic Economic Military Nationality Prohibition Rulers Timeline Settlement Commonwealth Christianisation Aristocracy Sturlung Era Reformation Danish trade monopoly Independence Movement Kingdom World War II Invasion Cold War Cod Wars 2008–11 financial crisis Geography Climate Cities and towns Extremities Fjords Geology Glaciers Highlands Islands Lakes National parks Regions Rivers Valleys Volcanoes Waterfalls Politics Administrative divisions Cabinet Constitution President Prime Minister Parliament Supreme Court Law Law enforcement Human rights LGBT Elections Foreign relations Political parties Military Economy Agriculture Banking Króna (currency) Outvasion Renewable energy Stock Exchange Taxation Communications Tourism Transportation Society Demographics Education Healthcare Icelanders Languages Religion Culture Anthem Architecture Art Cinema Coat of arms Cuisine Flag Literature Media Music Names National costume Public holidays Sport Outline Index Category Portal WikiProject