| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | October 15, 2003 (2003-10-15) |
| Defunct | June 30, 2015 (2015-06-30) |
| Successor | Kvika banki |
| Headquarters | Reykjavík, Iceland |
MP banki was an investment bank in Iceland that operated from 2003 until 2015 when it became part of Kvika Banki.[1]
The company was founded as MP Securities (Icelandic: MP Verðbréf hf) in 1999[2][3]byMargeir Pétursson[3] together with Sverrir Kristinsson and Ágústi Sindra Karlsson. [citation needed] 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.[3] It became the only commercial bank in Iceland that did not collapse that year when the worldwide economic crisis hit the country.[3]
MP banki and Straumur Investment Bank merged in July 2015 and the name changed to Kvika banki.[1]
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