The FME grants Straumur-Burðarás Investment Bank an operating licence as a commercial bank
The Financial Supervisory Authority, Iceland granted Straumur-Burðarás Investment Bank, an operating licence (authorisation) as a commercial bank, according to Article 4 of Act No. 161/2002 on Financial Undertakings.
As a commercial bank, Straumur will from now on, have the permission to accept deposits from the public. Including Straumur there are five commercial banks in Iceland.