Kaupthing Bank
Kaupthing Bank is an investment bank in Iceland.
- Company typePrivate
- Founded1982
- HeadquartersReykjavík, Iceland
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Kaupthing Bank does
Kaupthing Bank is an investment bank in Iceland. Kaupthing Bank is currently in a moratorium status and is headed by a Resolution Committee. The role of the Resolution Committee is to safeguard the value of the Bank's assets and to maximize the recovery of claims on behalf of the Bank's creditors. The Resolution Committee which holds the powers of the board of directors works together with the Winding-up Committee to protect the interests of the Bank's creditors.
Kaupthing Bank firmographics
Firmographics- Name
- Kaupthing Bank
- Legal name
- Kaupthing ehf.
- Website
- http://www.kaupthing.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Closed
- Headcount range
- 1,001–5,000 employees
- Short description
- Kaupthing Bank is an investment bank in Iceland.
- Ownership category
- akta.pro rank
Kaupthing Bank industry classification
Industry- Product category
- Investment Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Liquidity & Cash Concentration (Sweeping, pooling, notional pooling) (FSABAIAC)
- akta.pro secondary industry
- Cash Forecasting, Reconciliation & Liquidity Tools (FSAMAOAH)
Keywords
Where Kaupthing Bank is headquartered
LocationHeadquarters
- HQ city
- Reykjavík
- HQ country
- Iceland
- HQ region
- Europe
Markets served
Kaupthing Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Others
Kaupthing Bank product offering
Product offeringCore offering
Kaupthing ehf. was an Icelandic investment bank that historically provided banking services including deposits, lending, and financial intermediation in Iceland and internationally. Following the 2008 financial crisis default and the 2022-2023 solvent liquidation, the company has ceased operations and currently provides only an informational website and two language versions of a creditor portal (English and German) to support the winding-down of claims.
Product overview
Kaupthing Bank was an Icelandic financial institution that has undergone solvent liquidation proceedings. The company's online presence now consists of creditor-facing portals for managing claims and an informational website. The primary offerings are two language versions of the creditor portal (English and German) and the official corporate website, all of which serve the winding-down of the company's operations following the conclusion of solvent liquidation proceedings on April 26, 2023.
Differentiator
Problem solved
Functional benefit
Products and services
- Kaupthing Creditor Portal (English)
- Kaupthing Creditor Portal (German)
- Kaupthing Official Corporate Website
Companies that use Kaupthing Bank
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Kaupthing Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Kaupthing Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- EY-ParthenoncoreEY-Parthenon was appointed as administrator of Kaupthing Singer & Friedlander Limited (KSF), the UK subsidiary of Iceland's Kaupthing Hf, in October 2008 during the peak of the global financial crisis. EY facilitated the transfer of 170,000 internet depositors to ING Bank within four months and achieved an 86.8p in the pound return to creditors. The case study highlights how lessons from this administration informed provisions of the UK's Banking Act 2009.
- ING BankminorING Bank was the recipient of 170,000 internet depositors transferred from Kaupthing Singer & Friedlander Limited within four months during the 2008 crisis administration led by EY-Parthenon.
- UK Financial Services Authority (FSA)coreThe UK's Financial Services Authority was the regulatory body overseeing the UK subsidiary Kaupthing Singer & Friedlander Limited. Lessons from the Kaupthing administration informed provisions of the UK's Banking Act 2009, including requirements for Single Customer View databases and recovery and resolution plans.
Scale indicators4 records
Recent moves6 records
Kaupthing Bank competitors and assessment
Company assessmentDirect peers
- Landsbanki: Another major Icelandic bank that collapsed alongside Kaupthing during the 2008 financial crisis as part of the same $85 billion default event. Operated in the same Icelandic retail and wholesale banking market and went through comparable resolution proceedings.
- Glitnir: The third of the three major Icelandic banks that defaulted in 2008. Operated in the same Icelandic banking landscape and experienced a similar resolution and wind-down trajectory as Kaupthing.
Regional players
- Arion Bank: Icelandic commercial bank that emerged from the restructuring of Kaupthing's domestic operations in 2008–2009. Operates in the same Icelandic banking market and serves comparable retail and corporate customers.
- Íslandsbanki: Icelandic commercial bank formed from the restructured domestic operations of Glitnir. Operates as a direct competitor in the Icelandic retail and corporate banking market that Kaupthing previously served.
Others
- EY-Parthenon: Global restructuring advisory firm that served as administrator of Kaupthing Singer & Friedlander Limited in October 2008. Directly comparable because it executed the deposit-transfer and creditor-recovery process for the Kaupthing UK subsidiary.
- ING Bank: Dutch bank that acquired 170,000 internet depositors from Kaupthing Singer & Friedlander Limited within four months during the 2008 administration. Comparable as a recipient of distressed retail banking relationships during the Icelandic crisis.
Broad incumbents
- Danske Bank: Large Nordic commercial and investment bank that operated across the same regional geography as Kaupthing. Comparable as a broad incumbent in Nordic banking whose deposit, lending, and treasury services overlap with Kaupthing's pre-2008 franchise.
Market position
Strengths2 records
Weaknesses3 records
Competitive moat2 records
Key risks4 records
Key highlights4 records
Customer concentration
Kaupthing Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kaupthing Bank leadership team
Management profileNumber of profiles
Kaupthing Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Kaupthing Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kaupthing Bank M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kaupthing Bank
What does Kaupthing Bank do?
Kaupthing ehf. was an Icelandic investment bank that historically provided banking services including deposits, lending, and financial intermediation in Iceland and internationally. Following the 2008 financial crisis default and the 2022-2023 solvent liquidation, the company has ceased operations and currently provides only an informational website and two language versions of a creditor portal (English and German) to support the winding-down of claims.
Is Kaupthing Bank a public or private company?
Kaupthing Bank is a private company. It is classified as unknown and is currently closed.
When was Kaupthing Bank founded?
Kaupthing Bank was founded in 1982. It employs 1,001 to 5,000 people.
Where is Kaupthing Bank based?
Kaupthing Bank is headquartered in Reykjavík, Iceland, in the Europe region.
Who are Kaupthing Bank's main competitors?
Direct peers on record are Landsbanki and Glitnir. Regional players are Arion Bank and Íslandsbanki. Others are EY-Parthenon and ING Bank. Danske Bank is listed as a broad incumbent.
Does Kaupthing Bank have an API?
No public API is recorded for Kaupthing Bank.
What industry is Kaupthing Bank in?
Kaupthing Bank's product category is Investment Banking. Its primary akta.pro industry code is FSABAIAC, Liquidity & Cash Concentration (Sweeping, pooling, notional pooling), with a secondary code of FSAMAOAH, Cash Forecasting, Reconciliation & Liquidity Tools. Its NAICS code is 5221 and its SIC code is 6211.