Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies

Agree­ment on tem­por­ary pay­ment de­fer­ral for com­pan­ies

In accordance with an agreement between domestic financial undertakings and pension funds, which is part of the response to the economic ramifications of Covid-19, companies can now apply to defer payments on loans for up to six months. Companies should apply to their main bank of business.
23 March 2020 - Landsbankinn

In accordance with an agreement between domestic financial undertakings and pension funds, which is part of the response to the economic ramifications of Covid-19, companies can now apply to defer payments on loans for up to six months. Companies should apply to their main bank of business. Other solutions for companies have already been introduced or are in the works.

The parties to the agreement are Landsbankinn, Arion Bank, Íslandsbanki, Kvika, Lykill, the savings banks and pension funds.

The agreement is intended to facilitate quick and coordinated processing of individual cases and contribute to equal standing, both of lenders and companies. The agreement is valid throughout June 2020 and includes extension provisions if circumstances demand. The agreement provides for the following:

Companies can apply to defer payments for up to six months with their main bank of business or savings bank, which assesses whether the company meets the requirements of the agreement.

The agreement is for operating companies and does not extend to holding companies.

To meet the requirements of the agreement, company operations must have been healthy and suffering temporary loss of income leading to operating difficulties. The company may not have been in arrears 60 days or longer at the end of February 2020 and have taken advantage of the government’s solutions in response to the pandemic.

Announcement about the agreement

Companies who bank with Landsbankinn can take advantage of various solutions to counteract the impact of Covid-19 on operations. We encourage customers who expect to have difficulties meeting their payment obligations to contact the Bank soonest to go over solutions and receive appropriate advice.

Companies are advised to contact their account manager or liaison, call the Corporate Call Centre (tel. +354 410 5000) or email fyrirtaeki@landsbankinn.is.

You may also be interested in
Reykjastræti
23 June 2025
TM branch has moved to Reykjastræti 6
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.
Yayland
4 June 2025
YAY and Landsbankinn found Yayland
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.
Námsstyrkir 2025
3 June 2025
ISK 8 million in scholarships
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.
Skólahreysti 2025
26 May 2025
Holtaskóli winner of Skólahreysti 2025
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
23 May 2025
Landsbankinn changes interest rates
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 3 June 2025.
Nasdaq bjalla
16 May 2025
Landsbankinn Corporate Finance advisor to the government in successful Íslandsbanki PO  
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. 
Austurstræti 11
16 May 2025
Austurstræti 11 and Hafnarstræti 10, 12 and 14 for sale
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.
Austurbakki
28 April 2025
S&P upgrades Landsbankinn’s credit rating to A-
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.
16 April 2025
Service over Easter - the app and Ellí are open
Landsbankinn’s branches and service centres will as usual be closed over Easter and open again on Tuesday, 22 April.
9 April 2025
Economic forecast to 2027: Fair outlook yet anything may happen
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.