Bankasýsla ríkisins, established in January 2010 under the governance of Iceland's Ministry of Finance, serves as a state-owned holding company for the government's interests in the financial market. Created through the enactment of law no. 88/2009, the institution plays a crucial role in managing state ownership shares in various financial enterprises during the reconstruction and revitalization of Iceland's financial system.

The mission of Bankasýsla ríkisins is to ensure professional and reliable asset management, emphasizing the development of a robust domestic financial market, and to promote fair competition within that space. The organization adheres to transparency in decision-making regarding the state's financial activities while providing essential public information. Additionally, it seeks individuals qualified to represent the state on the boards of banks or savings institutions where it holds stakes. Through its strategic approach, Bankasýsla ríkisins aims to contribute positively to Iceland's financial ecosystem and uphold sound governance practices.