Landsbankinn’s profit in the first half of 2025 amounted to ISK 18.3 billion after tax, ISK 10.4 billion thereof in the second quarter. Annualised ROE was 11.5% as compared with 10.5% for the same period the previous year. 

Ten entries received grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn this year. The Pride Parade, scheduled to be held on Saturday 9 August, is the pinnacle of Reykjavík Pride that this year celebrates its 23rd anniversary.

Today, Tuesday 1 July 2025, the branches of TM and Landsbankinn in Selfoss move together under one roof in the Landsbankinn building at Austurvegur 20. Customers will be able to obtain both insurance and banking services in one place.

On 19 June 2025, TM’s branch in the capital area moved to Landsbankinn’s headquarters at Reykjastræti 6 in central Reykjavík. The TM and Landsbankinn team are happy to welcome customers there.

Today, Landsbankinn concluded the sale of a new 5-year green bond in the amount of EUR 300 million. The bonds bear a 3.50% fixed rate and were sold at terms equivalent to a 135 basis points spread above mid-swap market rates.

Fintech company YAY and Landsbankinn have come together to create a new company, Yayland ehf., which will specialise in the development, sale, issuance and operation of both digital and physical prepaid cards, gift certificates and loyalty cards. Yayland will take over the entire gift card operation of YAY in Iceland as well as all issuance and operation of prepaid cards for Landsbankinn.

Landsbankinn awarded sixteen talented students with scholarships from the Bank’s Community Fund on 28 May. This was the 36th allocation of scholarships which amount in total to ISK 8 million. Over 450 applications were received this year.

Holtaskóli has emerged as the winner of Skólahreysti 2025 and is the Skólahreysti champion! The exciting final competition between 12 schools took place before a packed auditorium at the sports hall Varmá in Mosfellsbær, Saturday 24 May.

Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 3 June 2025.

Landsbankinn Corporate Finance acted as an independent financial advisor to the Icelandic government and supervised the marketed public offering of the State’s remaining shareholding in Íslandsbanki, a sizeable and well-organised project that garnered significant attention from investors. 

Landsbankinn advertises for sale its buildings at Austurstræti 11 and Hafnarstræti 10, 12 and 14 in Reykjavík. The combined size of the buildings is 5,836 square metres, including 1,380 square metres of basement area. The buildings will be sold as one lot.

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.