Growing dissatisfaction with the slumping economy and the business community's difficulties in obtaining normal financial services are behind the idea, the report said.
The bank's formation has been in preparation for some time, but so far little has been made public and nobody is yet prepared to be quoted openly.
Vidskiptabladid quotes one unnamed leading figure from an unidentified employers' federation as saying a new corporate bank the best idea for Icelandic business that has been seen for a long time.
