News

News

News and announcements

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12 August 2022

Guard against cybercrime - check the web address!

The investigation into fraud perpetrated against customers this summer is progressing well, according to a statement from the police. We urge customers to access Landsbankinn online banking directly through the Bank’s website by entering landsbankinn.is in the browser field rather than use search engines.
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29 July 2022

Beware of fraud – do not approve payments and log-ins without due consideration

We would like to issue a warning about fraudulent behaviour that has taken place under name of Landsbankinn, and remind you that a transfer of funds should never be approved unless you really intend to transfer funds.
Gleðigangan
29 July 2022

Allocations from the Pride Parade Fund of Reykjavík Pride and Landsbankinn

Twelve associations and events received allocations from the Pride Parade Fund of Reykjavík Pride and Landsbankinn for the 2022 Pride Parade. Reykjavík Pride begins on Tuesday the 2nd of August, and the main event is the Pride Parade on Saturday, August 6th.
21 July 2022

Financial results of Landsbankinn in H1 of 2022

The Bank’s profit in the first half of 2022 amounted to ISK 5.6 billion, ISK 2.3 billion thereof in the second quarter. Return on equity (ROE) was 4.1%, falling short of the Bank’s 10% target mainly because of fluctuations in equities held by the Bank. 
8 July 2022

More ways to utilise banking services

We now allow third party service providers to display information about our customers’ payment accounts in their own apps, provided the customer has given consent.
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29 June 2022

Landsbankinn changes interest rates

Variable interest rates on non-indexed housing mortgages increase by 0.85 percentage points (pp), to 6.25%. Fixed rates on new, non-indexed housing mortgages increase by 0.20-0.35 pp. Fixed rates on new, inflation-indexed housing mortgages increase by 0.20 percentage points (pp) while variable rates on inflation-indexed housing mortgages remain unchanged.
29 June 2022

New Head of Landsbankinn’s Customer Service Centre

Gróa Helga Eggertsdóttir has been hired as Head of Landsbankinn’s Customer Service Centre.
28 June 2022

New personnel in Corporate Finance

Guðmundur Már Thórsson and Júlíus Fjeldsted are new members of Landsbankinn’s Corporate Finance team.
Kristín Rut Einarsdóttir
27 June 2022

New Branch Manager in Hafnarfjörður

Kristín Rut Einarsdóttir has been appointed Branch Manager of Landsbankinn’s Hafnarfjörður branch.
23 June 2022

Congratulations to Alvotech for listing on First North Iceland

Following the listing of Alvotech’s shares on Nasdaq New York last week, the company has now also been listed on the Nasdaq First North Iceland Growth Market. 
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21 June 2022

Varied projects linked to the energy transition awarded sustainability grants

Six interesting projects have been awarded grants from Landsbankinn’s Sustainability Fund in the total amount of ISK 10 million. This is the initial allocation from the Fund.
16 June 2022

Successful listing of Alvotech on Nasdaq New York

Shares in Alvotech were admitted to trading on Nasdaq New York on 16 June.
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16 June 2022

Award grants to fifteen exceptional students

Landsbankinn awarded fifteen student scholarships from the Bank’s Community Fund on 15 June. Scholarships were awarded for the 33rd time in the total amount of ISK 6 million. Just over 300 applications were received this year.
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15 June 2022

Landsbankinn changes fixed rates

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.50 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.45 pp. Fixed rates on new 60-month inflation-indexed mortgages decrease by 0.30 pp.
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27 May 2022

S&P raises Landsbankinn’s covered bond rating to A

S&P Global Ratings has today announced that Landsbankinn’s covered bond rating has been raised. The rating uplift is one notch and the rating is therefore A with stable outlook.
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19 May 2022

Disruptions to self-service solutions this evening

Our self-service solutions will be unavailable for around two hours this evening, between 21-23:00, because of a systems update. Online banking, the app and ATMs will be unavailable during this time. We regret any inconvenience this may cause.
Fjölskylda
18 May 2022

Public registration of mortgage documents via digital channels finally possible

Landsbankinn now offers electronic public registration of refinanced mortgages, first among the domestic banks. Work is under way to allow for electronic registration of all housing mortgage documents.
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16 May 2022

Landsbankinn changes interest rates

Variable interest rates on non-indexed housing mortgages increase by 0.70 percentage points (pp), to 5.40%. Fixed rates on new non-indexed housing mortgages increase by 0.10-0.15 pp. Interest rates on indexed housing mortgages do not change, neither variable nor fixed rates. 
5 May 2022

Financial results of Landsbankinn for the first three months of 2022

Landsbankinn’s net profit in the first three months of 2022 was ISK 3.2 billion. Return on equity (ROE) was 4.7%. Net fee and commission income increased by 28.5% YoY, mainly from growing activity in asset management and capital markets. Net interest income grew by 19%, mainly driven by a larger balance sheet and better returns on liquid assets. Market share in the retail market measured 39% at the end of the quarter, slightly higher than in the same quarter last year. The cost/income ratio was 54.9% and costs remain stable. Operating expenses as a ratio of average total assets were 1.4%. Growth in mortgage lending has declined while lending to corporates increased by ISK 20.7 billion, not having regard for exchange rate impact. Around 90% of new housing mortgages in the first quarter were non-indexed and 58% of the mortgages carry fixed rates, in most cases for a 3-year period. Landsbankinn became a Visa principal member, increasing operational efficiency and making it easier for the Bank to offer new services linked to payment cards, among other things. Mortgage papers were registered electronically for the first time in February, with Landsbankinn becoming the first Icelandic bank to offer this service. The transaction volume in Landsbréf’s mutual funds has grown by 30% between years.
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5 May 2022

Changes to the login process for online banking and the app

As of 10 May 2022, customers who use a username and password to log in to online banking or the app will be required to authenticate the login activity with a security number texted to their phone. This is because of new rules on payment services. We encourage you to make an appointment to activate simpler login as soon as possible.
Netöryggi
4 May 2022

Warning against smishing attempts

Please be on the lookout for smishing attempts that ask the recipient to update their security information using a link included in the message. Opening the link leads to a fake login page.
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29 April 2022

Landsbankinn changes fixed rates on housing mortgages

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.35 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.30 pp.
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29 April 2022

Інформація  для клієнтів з України - Information for Ukrainian customers

Creating a bank account is not complicated, even if you’re new to Iceland. To become a customer, you first need an Icelandic identification number. We’ve published information about banking in Iceland and how to open a bank account to our website. This information is available in several languages, including English, Polish, Ukrainian and Russian.
13 April 2022

Easter service - the app can come in handy!

We are closed over Easter. Remember that you can use Landsbankinn’s app to resolve most matters. You can freeze your cards in the app and online banking if they are lost, stolen or misused. You can then re-open the cards if you find them again. Credit card holders have access to emergency service around the clock.
Una Jónsdóttir
31 March 2022

Una Jónsdóttir new Head of Landsbankinn Economic Research

Una Jónsdóttir has been promoted to Head of Economic Research at Landsbankinn.
Aðalheiður Snæbjarnardóttir
31 March 2022

Aðalheiður Sustainability Manager at Landsbankinn

Aðalheiður Snæbjarnardóttir has advanced to become the first Sustainability Manager of Landsbankinn. Aðalheiður has worked in the field of sustainability at the Bank since 2019. The new position of Sustainability Manager is intended to sharpen the Bank’s focus on sustainability which is growing in importance and becoming an ever larger part of our work. Aðalheiður will continue to work closely with other staff from across the Bank, such as in Finance & Operation, Corporate Banking, Risk Management and in product development.
30 March 2022

Open for applications for Landsbankinn's Sustainability Fund

Applications for grants from the Bank’s Sustainability Fund are now open. Allocation will focus on projects that contribute to the energy transition.
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23 March 2022

Results of Landsbankinn’s 2022 Annual General Meeting

The Annual General Meeting of Landsbankinn, held on 23 March 2022, agreed to pay a dividend amounting to ISK 14,409 million to shareholders. The dividend is equivalent to 50% of 2021 profits. The AGM also approved a special dividend in the amount of ISK 6,141 million. In total, the Bank pays ISK 20,550 million in dividends to its owners this year. Dividend payments from the Bank in 2013-2022 total ISK 166.7 billion.
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23 March 2022

Landsbankinn changes fixed rates on housing mortgages

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.35 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.25 pp. Fixed rates on new 60-month inflation-indexed housing mortgages decrease by 0.40 pp.
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15 March 2022

Landsbankinn Corporate Finance advisor on sale of Eldum rétt to Hagar

Hagar hf. and the owners of Eldum rétt ehf. have reached an agreement on the purchase by Hagar of all share capital in Eldum rétt. Landsbankinn Corporate Finance acted as advisor to the seller in the transaction.
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