News

News

News and announcements

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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3 March 2022

Tariff changes

On 2 May 2022, changes will be made to Landsbankinn’s price tariff, mainly on items that relate to cash transactions. The most significant changes apply to individuals and legal entities who do not own accounts or trade with us.
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1 March 2022

Annual general meeting of Landsbankinn 2022

The Annual General Meeting of Landsbankinn hf. will be held remotely on 23 March 2022, at 16:00.
Höfuðstöðvar Landsbankans í Austurstræti
22 Feb. 2022

Acquisition by Landsbankinn of own shares under a buyback programme - end of acquisition period

On 4 February 2022, Landsbankinn announced that the Bank would offer to purchase shares from shareholders under the terms of a buyback programme during the period 7 February 2022 to 21 February 2022. During the period, Landsbankinn acquired a total of 156,396 own shares at a share price of 11.9658, for the total amount of ISK 1,871,403.
17 Feb. 2022

New look for online banking login page

Today, 17 February, we will be making changes to the login page for online banking to enhance security even more. The page now looks different - see picture. Note that the web address of the new login page begins with “auth”, auth.landsbankinn.is, an abbreviation of authorization.
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17 Feb. 2022

Landsbankinn changes interest rates

Variable interest rates on non-indexed housing mortgages increase by 0.50 percentage points (pp) to 4.70%. There are no changes to fixed rates on non-indexed housing mortgages. No changes are made to interest rates on indexed housing mortgages, either variable or fixed.
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11 Feb. 2022

Landsbankinn changes fixed rates on non-indexed housing mortgages

Fixed rates on non-indexed 36-month housing mortgages increase by 0.35 percentage points (pp) and fixed rates on non-indexed 60-month housing mortgages by 0.25 pp.
Algalíf
10 Feb. 2022

Algalíf receives Landsbankinn’s Sustainable Financing Label

Biotech company Algalíf has received Landsbankinn’s Sustainable Financing Label for production of ecolabeled products.
8 Feb. 2022

TVÍK won Gulleggið innovation competition 2022

The business idea TVÍK won the innovation competition of Icelandic Startups, Gulleggið 2022. TVÍK, or the technologically venturesome Icelandic coach, is an interactive teaching tool that uses cutting-edge language technology to teach Icelandic to beginners. Atli Jasonarson, Gamithra Marga and Safa Jemai are the team behind TVÍK.
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4 Feb. 2022

Landsbankinn utilises authorisation to buy back own shares

Landsbankinn's Board of Directors has decided to exercise an authorisation to purchase the Bank's own shares, which was approved at the Bank's AGM on 24 March this year. The buyback programme allows for the maximum purchase of 57 million shares, or 0.24% of issued shares. Landsbankinn has previously offered shareholders the chance to sell their shares in the Bank, most recently in November 2021.
Barn á háhesti
3 Feb. 2022

Publication of Landsbankinn’s 2021 Annual & Sustainability Report

The Report provides accessible insight into the Bank’s services and operation and details about the great strides made in sustainability in 2021.
Fjölskylda
3 Feb. 2022

Financial results of Landsbankinn for 2021

Landsbankinn's net profit in 2021 was ISK 28.9 billion. After-tax return on equity (ROE) was 10.8% in 2021. The Bank’s long-term ROE target is 10% at a minimum.
Ellert Arnarson
2 Feb. 2022

Ellert Arnarson new Head of Corporate Finance

Ellert Arnarson has been retained as the new Head of Landsbankinn Corporate Finance and will begin work in the next few weeks.
Aðalheiður Snæbjarnardóttir, Lilja Björk Einarsdóttir, Sara Pálsdóttir
31 Jan. 2022

Switch to renewable energy focus of new Sustainability Fund

Landsbankinn has established a new grant fund, the Sustainability Fund. The aim of the Fund is to support projects that contribute to sustainability and have a positive impact on the environment.
21 Jan. 2022

Top of the Performance Satisfaction Index, third year in a row

Landsbankinn was ranked highest by banking customers in the Icelandic Performance Satisfaction Index 2021 the third year running.
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18 Jan. 2022

Landsbankinn awards ISK 15 million in community grants

Community grants in the total amount of ISK 15 million were awarded from Landsbankinn’s Community Fund on 21 December. A total of 32 projects received financial support. The projects are varied and benefit people of all ages and throughout Iceland.
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12 Jan. 2022

Landsbankinn issues bonds in SEK and NOK

Landsbankinn hf. has today concluded the sale of floating rate bonds with a maturity of 3 years in the amount of SEK 850m and NOK 500m. The bonds were priced at a spread of 80bp over 3-month STIBOR and 79bp over 3-month NIBOR. In addition, the bank sold bonds with a maturity of 2 years in the amount of SEK 850m at a spread of 65bp over 3-month STIBOR. The bonds are expected to be rated BBB by S&P Global Ratings.
7 Jan. 2022

Íslenski lífeyrissjóðurinn publishes detailed information on the sustainability of investments

The pension fund Íslenski lífeyrissjóðurinn has published information on the sustainability platform of companies and funds the pension fund invests in. The pension fund also published information about GHG emissions from its domestic investment portfolio. This is the first time an Icelandic pension fund releases such detailed information about the sustainability of its investments.
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5 Jan. 2022

Sigríður Guðmundsdóttir new HR Manager at Landsbankinn

Sigríður Guðmundsdóttir has been hired as Landsbankinn’s HR Manager.
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