The FME grants Straumur-Burðarás Investment Bank an operating licence as a commercial bank

29.8.2007

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.

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