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Arion banki Snapshot
Arion will carry on despite Iceland's financial crisis. Arion banki (Arion Bank) is the successor to Kaupthing Bank, one of the country's three banks taken over by the government during the country's banking collapse that began in 2008. (As for the other two, Landsbanki re-emerged as New Landsbanki and Glitnir is now Íslandsbanki). Arion Bank cut its international operations to focus on being a low-risk savings bank. It offers corporate banking, retail banking, capital markets services, corporate financing and recovery, and wealth management for its private banking clients. Its asset management division manages Iceland's largest private pensions. Arion Bank has about 25 branches and more than 100,000 customers.
