Branch Manager Commercial Lending salary in Iceland

Average Yearly Salary of Branch Manager Commercial Lending in Iceland is approximately 10,535,053 ISK (73,989 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Branch Manager Commercial Lending do?

A branch manager in commercial lending is responsible for overseeing the operations of a bank branch that focuses on providing loans to businesses and organizations. They are responsible for managing a team of loan officers, ensuring compliance with lending regulations, and developing relationships with potential clients. The branch manager plays a crucial role in driving business growth by identifying new lending opportunities, assessing creditworthiness, and making informed lending decisions. They also work closely with clients to understand their financial needs and provide customized lending solutions. Additionally, the branch manager is responsible for monitoring loan portfolios, managing risk, and ensuring profitability. This occupation requires strong leadership skills, financial acumen, and the ability to build and maintain relationships with clients.

Skills: Branch Manager, Commercial Lending, Loan Officer, Business Loans, Financial Services, Relationship Management
Job industry: Banking

How much does Branch Manager Commercial Lending make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Branch Manager Commercial Lending a well paid job?

Yes, our data show that Branch Manager Commercial Lending is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Branch Manager Commercial Lending?

High salary for Branch Manager Commercial Lending would be somewhere between 11,588,558 ISK and 15,275,827 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Branch Manager Commercial Lending in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 10,535,053 ISK
Estimated Monthly Salary: 877,921 ISK
Estimated Weekly Salary: 202,597 ISK per week
Estimated Hourly Salary: 5,065 ISK per hour
By working as Branch Manager Commercial Lending a person can save up to 3,437 USD per month or 41,243 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Branch Manager Commercial Lending

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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