Municipality Credit Iceland
Financial Services - Reykjavik, Capital Region, Iceland
Municipality Credit Iceland Employees
Municipality Credit Iceland Senior Management
Municipality Credit Iceland Details
Municipality Credit Iceland Plc. (MCI) is a statutory limited liability company. The company is established on the basis of Act No. 150/2006 on the Incorporation of MCI as a Statutory Limited Liability Company and operates pursuant to Act No. 161/2002 on Financial Undertakings; cf. the Companies Act No. 2/1995 and is supervised by the Icelandic Financial Supervisor, FME. As a credit institution MCI is bound by the regulation of the Central Bank of Iceland regarding minimum reserve requirement, liquidity ratio and foreign exchange balance. The share capital of the company is ISK 5,000,000,000. Shares may only be owned by Icelandic municipalities and organizations or enterprises which are wholly owned by them. Reykjavik City is the largest shareholder with 17.5% of the total shares.
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