Today is the last day the Landsbankinn branch in Austurstræti 11 is open and the doors close at 16:00. All activities move to the Bank’s new branch in Reykjastræti 6, which is already open.

Customers can buy Danish bank notes in Landsbankinn branches and ATMs throughout Iceland. We would like to advise customers that the Bank no longer accepts DKK 1,000 and 500 bills, nor any Faroe Islands króna bills. There are no changes to transactions in DKK 200, 100 and 50 bills. Cash transactions comply with the Act on Actions to Combat Money Laundering and Terrorist Financing. Tighter rules in Denmark limit the reception of bank notes by foreign banks and Landsbankinn is as a result no longer able to accept DKK 1,000 and 500 bills.

Amaroq Minerals, under the ticker AMRQ, has now been listed on the Main Market of Nasdaq Iceland. In addition to listing on the Nasdaq Iceland Main Market, Amaroq’s shares are listed on stock exchanges in Canada (TSX-V) and London (AIM). Alongside uplisting to the Main Market of Nasdaq Iceland, Amaroq has been delisted from First North Iceland. Amaroq Minerals is the first listed mining company in Iceland. The company holds a significant licence portfolio in Greenland and is engaged in the identification, acquisition, exploration and development of gold properties and other strategic mineral assets, pivotal to the energy transition. Landsbankinn Corporate Finance co-ordinated the listing process. We congratulate the staff and shareholders of Amaroq on the successful transfer of the company’s listing.

We’d like to call your attention to changes to the RSA SecurID app used for secure login and payments in corporate online banking.

The branch at our new headquarters in Reykjastræti 6 opens today. Cashier services are available from 10:00-16:00 and ATMs and other self-service equipment is accessible around the clock.

Sunna Ósk Friðbertsdóttir has taken up the position of Compliance Officer at Landsbankinn. Sunna completed a BA degree in law from Reykjavík University in 2008 and an ML degree from the same institution in 2010. She is a licensed securities broker and a recognised District Court Attorney. Sunna came to work for Landsbankinn as a lawyer in 2012 and has had various responsibilities, both in implementing legal requirements and related to daily operations. She has worked in Compliance since 2017 and been Deputy Compliance Officer since 2022. Compliance supervises and monitors Landsbankinn’s compliance with internal and external rules and advises and educates on legal and regulatory demands relevant to the Bank’s operation.

Today, Landsbankinn concluded the sale of a new green bond series in the amount of EUR 300 million, the Bank’s third green bond issuance in euros. The bonds bear a 6.375% fixed rate and were sold at terms equivalent to a 313 basis point spread above mid-swap market rates. The bonds have a 3,5-year tenor and mature in March 2027.

In light of the recent interest rate decision of the Central Bank of Iceland, the following changes will be made to Landsbankinn’s interest rates. Interest rate changes also have regard for market rates and other funding terms of Landsbankinn.

This is a warning concerning a fake website made to look like that of Auðkenni and which includes a fraudulent connection to Landsbankinn.

On 13 September, the opening hours of seven branches will be shortened by three hours and will as a result be 12:00-15:00. While general opening hours will be shorter, customers can still make appointments to visit these branches between 10:00-16:00 and book remote meetings until 18:00, meaning that actual service hours remain unchanged. ATMs are accessible around the clock in all these locations.

A new exhibition of art from Landsbankinn's collection will be opened in the event of Reykjavík Culture Night in the Bank’s branch at Austurstræti 11. The exhibition is titled Cyclical and is curated by Daría Sól Andrews.

Landsbankinn is one of the main backers of Reykjavík Culture Night and we actively take part in the festivities. This year, we are happy to welcome visitors to the Bank’s new headquarters at Reykjastræti 6 and to enjoy a new exhibition of artwork from the Bank’s collection in Austurstræti 11.

Due to the annual festivities in Vestmannaeyjar, the local Landsbankinn branch will close at 12 noon on Friday, 4 August. All bank branches will be closed on Tradesman’s Day, Monday 7 August.

Landsbankinn in Akureyri will move to Hofsbót 2-4 before the end of 2024, according to a long-term rental agreement with the owners of the premises.

Fifteen entries received grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn.

Landsbankinn has now allocated sustainability grants for the second time. Seven interesting projects received grants this year in the total amount of ISK 10 million.

We are making changes to the means by which customers confirm payments and various other actions in Landsbankinn’s app. The aim is to enhance security in ecommerce.

Thórður Örlygsson has been appointed Chief Audit Executive of Landsbankinn and assumes the role in early August.

Landsbankinn’s profit in the first half of the year amounted to ISK 14.5 billion, ISK 6.7 billion thereof in the second quarter. Return on equity (ROE) was 10.3% in H1.

The design of Landsbankinn's new premises at Reykjastræti 6 has received a rating of "excellent" according to the international BREEAM environmental standard. Final certification will take place upon full completion of construction and finishing work.

First Water hf., formerly known as Landeldi hf., a company working towards developing sustainable land-based fish farming in Þorlákshöfn, Iceland, has completed an EUR 82 million, or ISK 12.3 billion, equity raise. The investment company Stoðir hf. remains First Water’s largest shareholder after the capital increase. New shareholders in the company include the private equity fund Horn IV and a broad range of domestic and foreign investors, such as pension funds and private investors. The purchase of shares amounting to approximately ISK 2.5 billion is subject to investor’s final board approval. Landsbankinn Corporate Finance acted as sole financial advisor to First Water in connection with the capital raise.

You can now view the balance of your accounts with other banks in Landsbankinn’s app. Soon you won’t need any other banking app!

Sports club Leiknir and Landsbankinn have signed a 3-year partnership agreement which will allow Leiknir to grow its athletic achievement programmes and increase outreach in its community.

The Amaroq Minerals Capital Markets Day will be hosted in Landsbankinn’s new headquarters at Reykjastræti 6, Friday 2 June, at 9:00-11:00. The event, which will be held in English, will also be live streamed.

Landsbók is an inflation-indexed account suited to customers looking for the best method of maintaining the value of their savings. We now offer a shorter fixed term on deposits to inflation-indexed account Landsbók, or 11 months instead of three years previously, and pay out deposits 31 days after withdrawal orders. Following the 11-month fixed term, deposits are always free for withdrawal with 31 days’ notice.

Following the recent interest rate decision of the Central Bank of Iceland, changes will be made to Landsbankinn’s interest rates. Interest rate changes also have regard for market rates and other funding terms of Landsbankinn. The main changes are as follows:

We appreciate the good attendance at our most recent Financial Forum: Finances and Career, as well as the lively participation in discussions about young adults in the labour market that followed.

We have published a new version of the Bank’s General Terms and Conditions. The Terms apply to business transaction between Landsbankinn and its customers, both private and corporate. In addition to the Terms, contract provisions, other terms and rules may apply to specific products or services provided by the Bank.

Landsbankinn invites young adults who are taking their first steps in the job market to attend a seminar in the Bank’s new headquarters at Reykjastræti. 

The three events hosted in Landsbankinn’s new headquarters at Reykjastræti last week in collaboration with DesignMarch were well attended.