News
5 February 2020 - Landsbankinn
These markets offer a plethora of investment opportunities in different types of securities and sectors. Previously, the Bank needed to rely on the service of another financial undertaking to trade in these stock exchanges, with associated costs. Landsbankinn’s access to the stock exchanges cuts customer costs in securities transactions.
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23 Jan. 2023
Landsbankinn Corporate Finance advisor to Alvotech in private placement
Earlier today, Alvotech announced the completion of a private placement in the equivalent amount of ISK 19.5 billion (USD 137 million). The shares were sold at a purchase price of ISK 1,650 per share (equivalent of USD 11,57 per share) to a group of domestic professional investors and eligible counterparties. The private placement was initiated on 19 January 2023 and completed on 22 January 2023. Closing and settlement is expected to take place on 10 February 2023. Alvotech intends to use the proceeds for general operations and other business purposes. Landsbankinn Corporate Finance and ACRO Securities acted as advisors to Alvotech in the private placement.
18 Jan. 2023
Changes to fixed rates on new housing mortgages
Fixed rates on new non-indexed 36-month housing mortgages increase by 0.25 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.10 pp. The changes enter into effect as at 19 January. These changes apply to new housing mortgages only and do not impact existing loans.
13 Jan. 2023
Key information about pension savings
In Iceland, all wage earners aged 16 to 70 are obligated to pay a percentage of their wages toward mandatory pension savings.
13 Jan. 2023
Be careful of social media fraud - never forward codes received in text messages
We want to warn our customers against cybercrime activity, especially attempts perpetrated through social media and messaging apps, which have been rampant of late.
13 Jan. 2023
Landsbankinn tops the Performance Satisfaction Index the fourth year in a row
Landsbankinn was ranked highest by banking customers in the Icelandic Performance Satisfaction Index 2022. This is the fourth year in a row that the Bank receives this recognition.
12 Jan. 2023
Long-term loan from NIB in connection with Landsbankinn’s new headquarters
Landsbankinn has signed an agreement with the Nordic Investment Bank (NIB) providing for a 15-year USD 40 million (ISK 5.8 billion) loan in connection with the Bank’s new headquarters at Austurbakki, Reykjavík. The building is expected to achieve BREEAM Excellent certification and the loan is eligible for funding from NIB’s environmental bond proceeds.
11 Jan. 2023
Einar and Thorbjörg to Landsbankinn Corporate Finance
Einar Pétursson and Thorbjörg Kristjánsdóttir have joined Landsbankinn Corporate Finance.
22 Dec. 2022
Holiday opening hours
Our branches will be closed on the second day of christmas, Monday 26 December. Otherwise we will be open as usual. Of course, the app and online banking are accessible anytime and anywhere.
19 Dec. 2022
Landsbankinn member of PBAF
Landsbankinn has become a member of the Partnership for Biodiversity Accounting Financials (PBAF), an association working to enable financial institutions to assess and disclose impact and dependencies on biodiversity of loans and investments. In total 47 financial institutions around the world have joined PBAF, with Landsbankinn as the first Icelandic actor to join. PBAF is an affiliate of Partnership for Carbon Accounting Financials (PCAF) which created a methodology that enables financial institutions to measure and analyse emissions from their credit and asset portfolios.
16 Dec. 2022
Strong customer authentication required to verify transfers in online banking
The verification process for domestic transfers from bank accounts in personal online banking now requires strong customer authentication (SCA). Previously, a security number sufficed.