Number of banks reached 8.00 banks in 2019 in Iceland, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Iceland reached an all time high of 28.0 banks in 2004 and an all time low of banks in. When compared to Iceland's main peers, number of banks in Denmark amounted to 67.0 banks, 41.0 banks in Norway, 78.0 banks in Sweden and 311 banks in United Kingdom in 2019.
Iceland has been ranked 124th within the group of 140 countries we follow in terms of number of banks, 49 places behind the position seen 10 years ago.