Islandsbanki, formerly Glitnir were the first to confuse themselves with a being a public bank when they announced that they were offering those with currency loans solutions the day before the government announced such initiatives.

Landsbankinn is now running an ad campaign offering home-loans free of price-indexation, a novelty that Icelandic households have been crying out for for years.

And Kaupthing is gearing up for a major sales effort, hiring back people from their former call-center on a higher rate than before.

What does this mean for the confused and wounded customers of the state-owned banks? Is the state only offering you loans without price indexation if you bank with this failed bank instead of the other failed bank? Are some tax-payers getting better rates because they bank with this arm of the state instead of the other?

While one can understand the employees of the banks itching in their fingers for things to get back to normal, the way things were two years ago, it leaves a lot to be desired for their customers to endure sales and marketing campaign from these institutions while solutions to people’s real problems are hard to come by.

Related posts:

1. The Trouble With State-Owned Banks
2. Please be patient – the relaunch is underway
3. Glitnir And Landsbanki Mortgages At A Critical Moment
4. The problem that wasn’t solved
5. Twenty-Seven Foreign Banks Suing The Icelandic State