Landsbankinn’s after-tax profit during the first three months of 2025 was ISK 7.9 billion, compared with ISK 7.2 billion for the same period of 2024. Return on equity (ROE) in the period was 10.0%, compared with 9.3% for the same period the previous year.

S&P Global Ratings has today announced an upgrade of Landsbankinn’s long-term credit rating from BBB+ to A-. This is the highest the Bank’s credit rating has been since 2014, when S&P started issuing ratings for the Bank.

Landsbankinn’s branches and service centres will as usual be closed over Easter and open again on Tuesday, 22 April.

Landsbankinn Economic Research today published its economic forecast to 2027. Economic Research forecasts 1.4% economic growth this year and 2.1% next year. Rarely has uncertainty been greater and the forecast can be said to hold until further notice. 

The atmosphere was exciting and the house packed at Landsbankinn’s DesignMarch event on Friday, 4 April. The event began with a discussion about funding and design, and in the evening, young fashion designers took over the stage.

First-time home buyers can use their supplementary pension savings to make tax-free payments towards their mortgage for a 10-year period. Just over 10 years have now passed since the solution was first enacted and, as a result, the authorisation will soon expire for many - if it hasn’t already.

The services provided at Landsbankinn’s outlet in Seyðisfjörður will transfer to the Egilsstaðir branch on Friday, 4 April.

Landsbankinn is one of the main sponsors of DesignMarch and an active participant in the festival. We will be hosting exciting events at the Bank’s headquarters in Reykjastræti and videos featuring seven designers will appear on our Youtube channel.

Landsbankinn has digitised the communication of information about the estates of deceased persons on the date of death directly to the estate register of district commissioners. This includes the balance on accounts and housing mortgages.

The branches of TM and Landsbankinn in Akureyri, Reykjanesbær and Vestmannaeyjar will merge on Monday, 24 March 2025, allowing customers to get both banking and insurance service in one place.

Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 27 March 2025. The main changes are as follows:

The annual general meeting (AGM) of Landsbankinn, held on 19 March 2025, agreed to pay a dividend amounting to ISK 18,892 million to shareholders.

Landsbankinn´s Annual General Meeting  will be held on Wednesday, 19 March 2025, at 16:00, at Reykjastræti 6, Reykjavík.

Landsbankinn’s building at Reykastræti in Reykjavík has received the Concrete Award 2025 from the Icelandic Concrete Association. The Association annually recognises built structures that combine original and professional use of concrete in the man-made environment.

Settlement and handover related to the purchase by Landsbankinn of TM tryggingar hf. from Kvika Bank took place today and Landsbankinn has assumed operation of the company. TM will be operated as a subsidiary of Landsbankinn.

A malfunction is currently causing disruptions in the app and online banking. We are working on repairs which we hope to finish soon. We regret any inconvenience this may cause. The article has been updated.

The Icelandic Competition Authority has approved the purchase by Landsbankinn of all share capital in TM tryggingar hf., with a condition set out in a settlement between the Bank and the Authority.

Landsbankinn’s canteen in Reykjastræti 6 has been recertified under the Nordic Swan Ecolabel, for the first time since the Bank moved to its new headquarters. The Bank’s canteen has been verified by the Nordic Swan since 2013 and was the first canteen in Icelandic to receive such certification.

On 20 February 2025, the Nordic Investment Bank (NIB) launched an ISK 8.5 billion environmental bond in its first issuance in the ISK bond market in over 16 years. The bonds are issued under NIB’s Environmental Bond Framework. Landsbankinn coordinated promotion and sale of the bonds to investors.

Online banking for corporates is now even more convenient and user-friendly. Changes include a completely new approach to payments, a new log-in and authentication processes and a new dashboard that facilitates overview. In the past weeks, users have gradually been transitioned to the new online banking version. We plan to complete the migration by the end of March.

We now offer a savings account in Polish currency, the zloty (PLN). This marks the first time an Icelandic bank has provided a foreign currency account in zloty.

The winner of the 2025 Gulleggið startup competition is Sagareg, which aims to simplify the creation of drug marketing authorisation applications using artificial intelligence and specialised software.

Landsbankinn’s Akureyri branch has moved to a new location at Hofsbót 2-4 in downtown Akureyri. The branch is open between 10-16 while ATMs and other self-service equipment is accessible around the clock.

The open sale process of the 35% shareholding of Hömlur ehf., a subsidiary of Landsbankinn, in Keahótel ehf., has ended without the conclusion of a sale agreement.

Landsbankinn’s Annual & Sustainability Report for 2024 has now appeared. The Report describes development and changes to the Bank’s services, its successful operation and performance, sound financing and risk management, its positive impact on society and more.   

Today, Landsbankinn completed the sale of Additional Tier 1 (AT1) securities in the amount of USD 100 million. This marks the Bank’s inaugural AT1 securities issuance, with the securities sold to investors at a fixed interest rate of 8.125%.

Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 13 February 2025.

Landsbankinn and the Federation of Icelandic Industries (SI) are hosting a joint seminar on Thursday, 13 March, on the public-private partnership in the field of infrastructure and transport.

Due to a system updates, customers will not be able to use the app and online banking on Wednesday, 5 February, between 21:30 and 23:00. Other self-service solutions will be inaccessible during work on the update.