Banking in Iceland
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Banking_in_Iceland".

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Please help improve this article or section by expanding it. Further information might be found on the talk page or at requests for expansion. (October 2008)

Banking in Iceland faced a crisis in 2008, which resulted in the government taking over three of its largest banks.

The short-term liabilities of Icelandic banks in proportion to Iceland's GDP are 211%, as of 11 October 2008, or 480% of the country's national debt, and the average leverage ratio (assets/networth) is 1 to 14.1

References

  1. ^ http://www.nytimes.com/2008/10/11/business/worldbusiness/11charts.html?_r=1&partner=rssnyt&emc=rss&referer=sphere_related_content&referer=sphere_related_content&oref=slogin

See also

v • d • e
Banking in Europe
Sovereign
states
Dependencies,
autonomies,
other territories
Italics indicates an unrecognised or partially recognised country.  1 / 7 Entirely in Asia / on the African Plate, but historically considered European.  2 Partially or entirely in Asia, depending on the border definitions.  3 Has part of its territory in Asia.
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