What is "islandsbanki"

Íslandsbanki ( Icelandic for: Bank of Iceland), is an Icelandic bank with roots tracing back to 1884, formerly being the domestic part of Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent bank. The sole operations of the bank is to manage a branch network in Iceland, with a 20%-40% market share across all domestic franchise areas. It is being owned 5% by the Icelandic State Treasury and 95% by "ISB Holding ehf.", which is the creditor group behind the old bankrupt Glitnir bank.