Sparisjóður Reykjavíkur og nágrennis
Encyclopedia
Sparisjóður Reykjavíkur og nágrennis (English
: Reykjavík Savings Bank), often shortened to SPRON is an Iceland
ic savings bank
. It has six branches, all in the Reykjavík
capital area. The bank was established March 5, 1932, and was nationalized in 2009 following a major banking and financial crisis in Iceland.
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
: Reykjavík Savings Bank), often shortened to SPRON is an Iceland
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...
ic savings bank
Savings bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...
. It has six branches, all in the Reykjavík
Reykjavík
Reykjavík is the capital and largest city in Iceland.Its latitude at 64°08' N makes it the world's northernmost capital of a sovereign state. It is located in southwestern Iceland, on the southern shore of Faxaflói Bay...
capital area. The bank was established March 5, 1932, and was nationalized in 2009 following a major banking and financial crisis in Iceland.