Deposits

Strong deposits in home markets

In line with the bank's diversification strategy, Glitnir places an emphasis on growing its deposit base as an important component of its overall funding profile. Historically, Glitnir’s home markets in Iceland and Norway have been the foundation of the bank's deposit base.

Deposits from customers

Successful new deposit operations

Glitnir is focused on continuing to strengthen the Bank's deposit base. The current deposit base consists of retail deposits in Iceland and Norway, wholesale deposits through the London office, and most recently retail deposits in Finland. On the back of receiving a banking licence in Finland, Glitnir started taking Finnish retail deposits in October 2007. In June 2008 Glitnir launched a new international deposit product, Save&Save, which offers favourable interest rates while simultaneously contributing to a global environmental fund.