The Name
The bank is known as Kaupthing Bank outside of Iceland.
In Iceland, its official name is Kaupþing Banki hf.
Formerly, its official name was Kaupþing Búnaðarbanki hf., but the name was changed as the former name was considered too unwieldy for most people. From 2003 to 2006 the company used the name KB banki for its retail operations in Iceland. In December 2006, however, the bank started using the old name of Kaupþing for its network of high-street banks. It was announced that the change was part of the bank's plan to operate under the same name.
In November 2009 the bank changed its name to Arion Bank.
Read more about this topic: Kaupthing Bank
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