News

News and announcements

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18 Jan 2021

Icelandic Economic Weekly: 18 January 2021

The CBI published a report on the foreign exchange market, exchange rate developments, and international reserves in 2020. The Government Debt Management Agency published its monthly Market Information report. S&P Global Ratings issued a credit rating for Landsbankinn’s covered bonds. Registered unemployment was 12.1% in December, 1.4 pp of that figure due to part-time claims.
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14 Jan 2021

S&P assigns credit rating to Landsbankinn’s covered bonds

S&P Global Ratings has today assigned a credit rating for covered bonds issued by Landsbankinn at A- with stable outlook.
11 Jan 2021

We reopen branches - please continue to make appointments

We will reopen Landsbankinn's branches as soon as changes to restrictions on gatherings enter into force on Wednesday, 13 January. Please continue to make appointments to visit us to help us uphold 2-metre distance and ensure that we respect the 20 persons rule.
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11 Jan 2021

Icelandic Economic Weekly: 11 January 2021

The CPI based on prices in December increased by 0.20% MoM, bringing the headline number to 3.6%. The CBI released its quarterly Economic Indicators report. The GDM released an annual prospect for 2021, quarterly prospect for Q1 2021, and a Medium-Term Debt Management Strategy for the period 2021-2025. The CBI will continue its regular programme of foreign currency sales in January. Icelandair released traffic data for December.
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8 Jan 2021

The Icelandic króna depreciated in 2020

The Icelandic króna depreciated somewhat against the currencies of main trading countries last year. The euro was 14.9% dearer at year-end 2020 than at the beginning of the year, the US dollar 5.0% and the British pound 8.9% dearer.
16 Dec 2020

Our service in December - we find solutions

Due to restrictions on gatherings, banking now primarily takes place over the phone, the Internet and appointments, as traditional service in branches is temporarily suspended. Landsbankinn gift cards can be ordered on landsbankinn.is and picked up at a branch.
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14 Dec 2020

Icelandic Economic Weekly: 14 December 2020

Last week's highlights and the week ahead.
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10 Dec 2020

Landsbankinn sells 12.1% shareholding in Stoðir

Landsbankinn has sold its shareholding in Stoðir hf. in an open sale process. The deadline to submit offers expired at 17:00 on Tuesday, 8 December.
10 Dec 2020

Applications for Klassi recreation grants open until 15 December

Members of Klassi can now apply for a recreation grant to support participation in recreational activities.
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7 Dec 2020

Icelandic Economic Weekly: 7 December 2020

Last week's highlights and the week ahead.
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4 Dec 2020

Overview of the Icelandic FX market

The EUR fell by 3.2% and the USD 5.6% against the ISK in November.
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30 Nov 2020

Icelandic Economic Weekly: 30 November 2020

Last week's highlights and the week ahead.
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25 Nov 2020

Landsbankinn lowers interest rates

Landsbankinn lowers corporate and retail rates and a new interest rate tariff enters into effect on 1 December 2020.
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23 Nov 2020

Icelandic Economic Weekly: 23 November 2020

Last week's highlights and the week ahead.
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19 Nov 2020

Resigns from the Board of Directors

At a meeting of the Board of Directors of Landsbankinn hf. held today, 19 November 2020, Hersir Sigurgeirsson announced his resignation from the Board of Directors of Landsbankinn.
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18 Nov 2020

Launch of first global standard to measure and report financed emissions

The Partnership for Carbon Accounting Financials (PCAF) today launched the Global GHG Accounting and Reporting Standard for the Financial Industry.
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17 Nov 2020

Landsbankinn changes interest rates

Fixed interest rates on new non-indexed housing loans increase by 0.15-0.20 percentage points (pp) as of Tuesday, 17 November. Variable interest rates on non-indexed housing loans remain unchanged at 3.5%.
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16 Nov 2020

Icelandic Economic Weekly: 16 November 2020

Last week's highlights and the week ahead.
12 Nov 2020

Landsbankinn continues strong support of Icelandic football

Landsbankinn and the Football Association of Iceland (KSÍ) have renewed their partnership agreement for the next for years.
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9 Nov 2020

Icelandic Economic Weekly: 9 November 2020

Last week's highlights and the week ahead.
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4 Nov 2020

Overview of the Icelandic FX market

The ISK depreciated by 1.3% against the EUR and by 1.9% against the USD in October.
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2 Nov 2020

Icelandic Economic Weekly: 2 November 2020

Last week's highlights and the week ahead.
2 Nov 2020

We find solutions over the phone or Internet

All Landsbankinn branches have been closed temporarily in response to tighter restrictions that apply as of 31 October.
Höfuðstöðvar Landsbankans Austurstræti 11
29 Oct 2020

Landsbankinn's results for the first nine months of 2020

Landsbankinn's after tax profit for Q3 of 2020 was ISK 4 billion. In the first nine months of 2020, Landsbankinn's net after-tax results were ISK 699 million
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27 Oct 2020

Landsbankinn’s Economic Forecast for 2020-2023: Strong economic recovery starts next fall

Landsbankinn Economic Research's macroeconomic and inflation forecast for 2020-2023 expects domestic product to contract by 8.5% in 2020, due to the Covid-19 pandemic. The contraction period will be relatively short-lived yet economic recovery will be slow, despite a robust pick-up next fall.
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26 Oct 2020

Icelandic Economic Weekly: 26 October 2020

Last week's highlights and the week ahead.
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19 Oct 2020

Icelandic Economic Weekly: 19 October 2020

Last week's highlights and the week ahead.
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14 Oct 2020

Landsbankinn issues bonds in foreign currency

Landsbankinn has concluded the sale of senior unsecured floating rate bonds with a maturity of three years in the amount of NOK 500 million and SEK 500 million.
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12 Oct 2020

Icelandic Economic Weekly: 12 October 2020

Last week's highlights and the week ahead.
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8 Oct 2020

Hamraborg branch was closed temporarily - opened again on 14 October

Landsbankinn’s branch in Hamraborg was temporarily closed as employees were placed in quarantine. The branch was opened again on 14 October. Visits are by appointments only.
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