Why hasn't there been a new banking or savings bank licence issued in Iceland since 1991? Starting up a savings bank is complex, time consuming and expensive and you need to compete with huge banks, some of which are owned by the state. This could be the reason, otherwise your guess is as good as ours. Was this article helpful? Yes No 16 out of 18 found this helpful Have more questions? Submit a request Comments 0 comments Please sign in to leave a comment.
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