Askar Capital

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1/27/2011
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Askar Capital was an investment bank in Iceland (2007–2010) offering advisory services related to investments in alternative financial products. The bank was established at the beginning of 2007 after a series of mergers, building on its history from 1993 as a financial advisor. The specialities of Askar Capital were corporate finance, real estate investments and debt management. As an authorized Investment Bank, Askar Capital was regulated by the Financial Supervisory Authority, headquartered in Reykjavik. The bank was heavily affected by the collapse of the major Icelandic banks in October 2008. The company carried on but eventually filed for bankruptcy on July 14, 2010.
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