Lands­bank­inn on NAS­DAQ in Stockholm, Copen­haben and Hels­inki

At the end of February, the EUR/ISK stood at 152.9, compared to 156.1 at the end of January, appreciating during the month. Both turnover and fluctuation was similar as in January. The CBI continued its regular programme of currency sales.

The Icelandic economy contracted by 6.6% between years in 2020.

The CBI released the minutes of the MPC’s meeting on the policy rate decision 3 February. Landsbankinn concluded the sale of a new green euro-denominated bond series. Landsvirkjun published financial statements for 2020.

Landsbankinn has carbon-offset its 2020 activity and achieved CarbonNeutral® company certification.

Landsbankinn’s service outlet in Djúpivogur has been moved to the shopping and service centre at Búland 1, where Kjörbúðin, Íslandspóstur and Vínbúðin are located. The Bank’s opening hours are unchanged and the ATM will be accessible during Kjörbúðin’s opening hours.

Last week, Icelandair Group and the three main commercial banks published financial results for 2020.

Iceland’s competitive banking market is characterised by a high degree of innovation and a strong tradition of customer service. Landsbankinn, winning the 2020 country award, impressed the judges in both of these domains, and with its relatively strong set of financial results.

The MPC of the CBI held policy rates unchanged. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin. The CBI sent the prime minister a report on inflation above the upper deviation threshold of the inflation target. The population of Iceland was 368,590 at end of 2020.

January was uneventful on the Icelandic FX interbank market. The EUR was stable within a rather narrow limit, with both turnover and fluctuation declining between months. The CBI continued its regular programme of currency sales.

The Minister of Finance and Economic Affairs made a formal decision to initiate the sale shares in Íslandsbanki. The Treasury issued a eurobond. Landsbankinn issued a bond in SEK. The CPI based on prices in January decreased by 0.06% between months due to seasonal sales, bringing the headline number to 4.3%. The CBI released the results of its market expectations survey.