Robbery at Iceland’s Glitnir Bank, Loot Recovered Skip to content

Robbery at Iceland’s Glitnir Bank, Loot Recovered

Two men barged into the branch of Glitnir Bank on Laekjargata, downtown Reykjavík, yesterday morning, one of them armed with an ax. The men escaped with almost ISK 1 million (USD 15,000, EUR 10,000), but were arrested at noon and the loot was recovered.

“It was of course an immense shock for the staff. They reacted absolutely in the correct manner considering the circumstances,” said Már Másson, information officer for Glitnir Bank, Fréttabladid reports.

After the robbery, the men are believed to have escaped on foot to the nearest taxi and then driven to the Reykjavík suburb of Gardabaer where they were later arrested. They were questioned yesterday afternoon, ruv.is reports.

The ax, which was used in the robbery, was discovered in a bedroom at the Salvation Army guesthouse in downtown Reykjavík where one of the thieves had been staying.

Shortly after the robbery, a third individual was arrested who police believe was involved in the case.

A fourth man who allegedly participated in the robbery has not been found yet, though police know his identity.

Chief constable Ómar Smári Ármannsson at the theft department of the Capital Region Police told Fréttabladid the robbery does not seem to have been well thought through.

It is uncertain what the thieves planned to do with the loot, but according to Ármannsson, most robberies in Iceland are for funding drug consumption or paying drug debts.

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