Kaupthing Bank - Acquisitions, Mergers, Subsidiaries

Acquisitions, Mergers, Subsidiaries

• 1930 Búnaðarbanki Íslands (English: Agricultural Bank of Iceland) founded in Iceland
• 1982 Kaupthing hf. founded in Iceland
• 1998 Kaupthing Luxembourg, S.A. opened
• 2000 Kaupthing Faroe Islands opened, Kaupthing New York opened, Kaupthing Stockholm opened
• 2001 Kaupthing Bank Copenhagen opened, Kaupthing Lausanne opened, Sofi acquired in Finland
• 2002 Aragon acquired in Sweden, JP Nordiska acquired in Sweden, Auðlind acquired in Iceland
• 2003 Kaupthing merges with Búnaðarbanki Íslands to form Kaupthing Bank, Tyren acquired in Norway, Norvestia acquired in Finland, Kaupthing Limited opened in the UK
• 2004 A. Sundvall acquired in Norway, FIH acquired in Denmark
• 2005 Singer & Friedlander acquired in the UK
• 2006 Kaupthing Limited merges with Singer & Friedlander to form Kaupthing Singer & Friedlander in the UK
• 2007 Kaupthing buys Dutch merchant bank NIBC for €3 billion (as of late January 2008, Kaupthing decided to cancel the acquisition of NIBC)
• 2007 Kaupthing acquired a 20% stake in New Delhi-based Indian investment services company Finoble Advisors with an option to buy the remaining 80% in 5 year's time
• 2007 Kaupthing buys Belgian private banking and asset management operations of Robeco Bank, for an unspecified amount, further strengthening its position in the Benelux market.
• 2007 Kaupthing hf acquired Derbyshire Offshore, the Isle of Man subsidiary of Derbyshire Building Society, continuing Derbyshire Offshore's irrevocable and binding guarantee for all depositors funds in the new subsidiary, Kaupthing, Singer and Friedlander (Isle of Man) Ltd.
• 2007–2008 Kaupthing launches internet based Kaupthing Edge in the UK, Belgium, Norway, Germany, Finland, Sweden, Luxembourg, the Isle of Man, Austria and Switzerland.
• 2008 The UK business of Kaupthing Edge, covering £2.5 billion in deposits and 160,000 customers, is taken over by ING Direct after the Financial Services Authority closed its London centre of operations.