English
The Icelandic Savings Bank Association (SISP) consist of 12 independant branches of Savings Banks.
The main purpose of The Icelandic Savings Bank Association is to watch over the Savings Banks' mutual interests, as well as to strengthen their business so that they will be able to promote savings and contribute to sound national economy. It also represents the Savings Banks in dealings with the government, ministries, The National Bank of Iceland, public authorities, Financial Supervisory Authority and other financial institutions. It also has a representative in Icelandic Bank Data Center.
The Banks' image reflects their focus on the individual and the family and the great emphasis SISP lays on personal service and caring.
The Icelandic Savings Bank Association has been a member of European Savings Banks Group (ESBG) since 1990. By its membership its also a part of World Savings Bank Institute (WSBI) wich is the only global representative of savings and retail banks.
Icebank was established in 1986 and was once owned by all the Savings Banks. With a decision made on the 21st of March 2009, the Financial Supervisory Authority (FME) assumed the power of a shareholders meeting of Icebank. On the 27th of March FME appointed a Resolution Committee for Icebank, which has take over all authority of the Board of Directors in accordance with the articles of Company Law - Act No. 2/1995 Respecting Public Limited Companies, in accordance with Article 100 a of the Act on Financial Undertakings.