REYKJAVIK (AFP) - The Icelandic bank Kaupthing, one of three banks nationalised last year in the global finance crisis, has been re-privatised and re-named Arion Bank, the lender's restructuring committee said Tuesday.

Creditors agreed to take a stake of 87 percent in the new entity for 66 billion kronur (360 million euros, 544 million dollars), with the state retaining 13 percent, the committee said.

A committee official said shareholders included foreign banks and investment funds. Press reports here have identified Deutsche Bank as among the shareholders.

"This decision eliminates the uncertainties surrounding the future of Arion and we can now focus on rebuilding the Icelandic economy," said committee head Steinar Thor Gudgeirsson.

The government recapitalised Kaupthing in August, injecting 72 billion kronur, of which it has now recovered 66 billion.

Icelandic authorities intervened in September 2008 to prevent a collapse of the banking sector, nationalising three institutions as a worldwide financial downturn gathered steam.

Islandsbanki, formerly Glitnir, in October became the first of the banks to go into private ownership after Glitnir creditors agreed to acquire 95 percent of the bank's share capital.

The Icelandic government will hold the remaining five percent.

Among the new owners are Royal Bank of Scotland and Japanese bank Sumitomo Mitsui.