Country · Europe & Central Asia

Iceland

Check who the institutions in Iceland are: whether each holds a BIC, which register lists it and whether an LEI is mapped. Two tracked registers cover Iceland, so institutions without a BIC appear where they list them.

41
Institutions
Active · plus 2 inactive
37
Hold a BIC
90% of institutions
5
On a tracked register
12% of institutions
21
LEI mapped
51% of institutions
40
BIC codes
Head offices and 3 branch codes

Iceland at a glance

Every row is the same 41 institutions, split by one attribute

Type

  • Financial institution 33 · 81%
  • Payments & e-money 4 · 9.8%
  • Non-financial corporate 3 · 7.3%
  • Crypto 1 · 2.4%

Identification

Regulation level

LEI

  • LEI mapped 21 · 51%
  • No LEI mapped 20 · 49%
View as table
AttributeInstitutionsShare
Type
Financial institution3381%
Payments & e-money49.8%
Non-financial corporate37.3%
Crypto12.4%
Identification
BIC only3688%
BIC and a register licence12.4%
Register only, no BIC49.8%
Regulation level
Prudential licence512%
Not on a tracked register3688%
LEI
LEI mapped2151%
No LEI mapped2049%

An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.

BIC data as at 23 September 2026 · Registers retrieved 25 September 2026

Institutions in Iceland

The first 25 of 41 institutions in Iceland, with or without a BIC: prudentially supervised and larger institutions first. No OFAC or EU listing cites an institution in Iceland.

See all 41 institutions in Iceland →

See the 2 institutions marked inactive →

Regulation and supervision

Two tracked registers cover Iceland, retrieved 25 September 2026. Of the 41 institutions here, 5 are on one of them. By regulation level: 5 prudentially supervised, 36 not on a tracked register.

Registers covering Iceland

Institutions in Iceland holding an active licence or registration on each register

RegisterPublisherInstitutions hereOf which hold a BICInactiveAs at
EBA PSD2 RegisterEBA-PSD2European Banking Authority (EBA)41225 September 2026
ESMA interim MiCA register of crypto-asset service providersESMA-CASPEuropean Securities and Markets Authority (ESMA)10025 September 2026

Supervisors

Authorities named on the ECB list and on the active licences of institutions here

AuthorityBasisInstitutions
Central Bank of IcelandLicences on the tracked registers5

Groups and systemic importance

GLEIF records the head office of 1 corporate group in the directory here.

Largest other groups

GLEIF consolidation groups, by legal entities (LEIs) in this country

GroupLEIs hereLEIs in the group
Kvika banki hf.22

Groups headquartered here

Largest of 1, by legal entities in the directory

GroupLEIs in the directory
Kvika banki hf.2
See all corporate groups →

Payments and connectivity

Of the 37 institutions in Iceland that hold a BIC, 32.4% are connected to Swift and 1 is a Swift GPI member, as at 23 September 2026. Network data does not exist for the 4 that do not hold a BIC.

Connection to Swift

Institutions that hold a BIC, by connection type in Swift’s directory

  • Connected to Swift12 · 32.4%
  • Reverse billing9 · 24.3%
  • Passive participant (no connection)16 · 43.2%

A BIC does not imply a connection to the Swift network.

Payment schemes

Institutions that hold a BIC, reachable in each scheme

Reachable in a SEPA scheme
7 institutions
T2 participants
1 institution
Swift GPI members
1 institution
See 1 Swift GPI member →

All BIC codes in Iceland

Look up any of the 40 BIC codes registered in Iceland: the head offices and branch codes of the 37 institutions here that hold a BIC, with their LEIs and flags.

Download the list (JSON)

Sources & method

Each institution counts once, in one country: the BIC country when it holds a BIC, otherwise the country of the register that lists it. Licences in other countries are shown on its page.

Sanctions listings are matched on the BIC and on the LEI mapped to it, so they cover institutions that hold a BIC only. Institutions without a BIC are not screened. Always screen against the official lists.

Read the methodology →

Sources for this page

  • Swift ISO 9362 BIC directory—institutions and branch codes, mapped to LEIs through the Swift and GLEIF BIC-to-LEI relationship file. As at 23 September 2026
  • EBA PSD2 Register—European Banking Authority (EBA) · register ↗ retrieved 25 September 2026
  • ESMA interim MiCA register of crypto-asset service providers—European Securities and Markets Authority (ESMA) · register ↗ retrieved 25 September 2026
  • GLEIF relationship records (Level 2)—accounting consolidation as reported to GLEIF · about Level 2 data ↗ as at 25 September 2026

Assess the financial crime risk behind a counterparty

A BIC or a licence identifies an entity; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment firms. Read about the FinCrime Index.

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