Last night and early this morning, the Bank experienced disruptions to several of its services. These disruptions were related to issues that have affected companies around the world.

Landsbankinn’s profit in the first half of 2024 amounted to ISK 16.1 billion, ISK 9.0 billion thereof in the second quarter. Return on equity (ROE) in the period was 10.5%, compared with 10.3% for the same period the previous year.

The panel of judges of the Pride Parade Fund of Reykjavík Pride and Landsbankinn have awarded grants to nine entries in this year’s Pride Parade.

Signing up for Landsbankinn’s app has never been easier – now everyone can try the app without any commitment. This step opens access to Landsbankinn’s services even further.

The Ministry of Finance and Economic Affairs has retained Landsbankinn Corporate Finance as independent financial advisor for the management and supervision of the public offering or offerings of the State’s remaining shareholding in Íslandsbanki hf.

Björn Auðunn Ólafsson is the newest addition to Landsbankinn Corporate Finance and has already joined the team.

We have now launched a Polish version of our website, in addition to Icelandic and English. The Polish site contains information about our app, payment cards, currency exchange rates, supplementary pension savings, electronic ID, the Auðkenni app and more.

We have now added settings to Landsbankinn’s app that further enhance security in card transactions and banking. These settings allow you to easily deactivate certain payment card functions in the app and to reactivate them just as easily at your convenience. If necessary, you can activate emergency closure that suspends the function of all of your cards and shuts down access to the app and online banking.

Landsbankinn’s customers can use the Auðkenni app to log in and to authenticate in online banking and the app. Before long, it will also be possible to use the Auðkenni app for valid electronic signatures. This is particularly useful where there is an Internet connection but no phone connection, and for those who have non-Icelandic phone numbers.

Amaroq Minerals Capital Markets Day will be hosted in Landsbankinn‘s headquarters at Reykjastræti 6, Thursday, June 13th, from 2:00 pm to 4:00 pm Icelandic time, GMT. The doors open at 1:30 pm and light refreshments will be served after the meeting.

We warn against emails that are currently being sent, ostensibly in Landsbankinn’s name. The email states that the recipient’s bank account with Landsbankinn has been closed and asks people to click on a link to log in. This is an attempt to get people to enter their login information on a fraudulent site.

International rating agency S&P Global Ratings has said that Landsbankinn's acquisition of TM tryggingar hf. (TM) has the potential to develop into a solid foothold in the Icelandic insurance business, widen the customer offering, and diversify the Bank's revenue base over the long term.  This is according to a bulletin released by S&P on 5 June 2024.

Landsbankinn awarded sixteen students with scholarships from the Bank’s Community Fund on 31 May. This was the Bank’s 35th allocation of scholarships which this year amounted to ISK 8 million in total. Over 400 applications were received this year.

An agreement for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) from Kvika Bank was signed today.

We would like to warn you of fraudulent messages sent in the name of Ísland.is for the purpose of collecting personal information and accessing online banking for individuals. Please note that Ísland.is is never used to log in to Landsbankinn's app or online banking.

The teams from Flóaskóli and Laugalækjarskóli elementary schools were equal in points after exciting finals in Skólahreysti (Fit for School) in Mýrin, Garðabær on Saturday 25 May. Both schools received 57.5 out of 72 points! When schools tie for points, their results in the five competition events determines the winner. Flóaskóli scored more points than Laugalækjarskóli in three of the five events and is the winner of Skólahreysti 2024.

Today, the EFTA Court delivered an advisory opinion regarding interpretation of certain provisions of EU directives relating to consumer housing mortgages. The directives have been incorporated into the EEA Agreement and transposed into Icelandic law by acts of Parliament. The opinion was delivered at the request of district courts for two court cases that have been brought against Landsbankinn, on the one hand, and Íslandsbanki, on the other. The cases concern contractual provisions governing the grounds for interest rate changes on housing mortgages.

With Landsbankinn’s Plúskort payment card, you pay no transaction or annual fees yet still gather Aukakrónur which can be used to shop with our partners.

Due to maintenance, credit assessment will not be available in the Landsbankinn app and online banking from 17:00 on Friday 17 May until 15:00 on Saturday 18 May.

Landsbankinn's net profit in the first three months of 2024 was ISK 7.2 billion. Return on equity (ROE) in the period was 9.3%, compared with 11.1% for the same period the previous year.

Landsbankinn changes deposit and lending rates, effective as of 1 May 2024.

The annual general meeting (AGM) of Landsbankinn, held on 19 April 2024, agreed to pay a dividend amounting to ISK 16,535 million to shareholders.

The use of bank notes in Europe is decreasing and especially in the Nordic countries. Increased digitalisation in commerce and trade and the pandemic have accelerated that development. Measures against money laundering have restricted foreign currency trading in cash severely and rules and legislation to prevent money laundering have been tightened, most notably in the Nordics.

International rating agency S&P Global Ratings today announced that it has upgraded the credit rating of Landsbankinn. The credit rating is raised by one notch, to BBB+ with stable outlook.

The Annual General Meeting of Landsbankinn hf. will be held on 19 April 2024, at 16:00, in Reykjastræti 6, 101 Reykjavík.

Landsbankinn's branches and customer service centre will be closed during Easter and will open again on Tuesday 2 April.

A meeting of the Board of Directors of Landsbankinn hf. on 19 March 2024 determined to postpone the annual general meeting of the Bank, scheduled to be held on Wednesday, 20 March 2024. Following consultation with Icelandic State Financial Investments (ISFI), it was decided to hold the AGM on 19 April 2024.

Landsbankinn and Kvika Bank have agreed to enter into exclusive negotiations for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) based on a purchase offer the Bank made for all equity in TM on 15 March. The proposed acquisition is contingent on such factors as due diligence and approval by the Icelandic Competition Authority and the Financial Supervisory Authority of the Central Bank of Iceland. 

Landsbankinn lowers interest rates on new, non-indexed housing mortgages with fixed rates.

Due to maintenance work at the Icelandic Banks' Data Centre (RB), certain of Landsbankinn’s services will be unavailable Saturday night through to Sunday morning, 16-17 March. Service disruptions are expected to last from around midnight on Saturday 16 March through to 7:00 on Sunday morning, 17 March.