The sole operations of the bank is to manage a branch network in Iceland, with a 20%-40% market share across all domestic franchise areas.

[5] Íslandsbanki was wholly owned by the Icelandic State Treasury from 2008 until 2021.

By the end of 2017, the bank had 861 full-time employees and a total amount of assets worth ISK 1.036 trillion, and its operations were divided into six business segments: Retail Banking, Corporate Banking, Markets, Wealth Management, Treasury and Subsidiaries & Equity Investments.

The Bank has a 20–40% market share across all domestic franchise areas, and operates an efficient branch network in Iceland.

In 2021, the Icelandic Government, in line with its plan, decided to begin the sell-off of Íslandsbanki in stages.