News

Lands­bank­inn changes in­t­erest rates

Fixed interest rates on new non-indexed housing loans increase by 0.15-0.20 percentage points (pp) as of Tuesday, 17 November. Variable interest rates on non-indexed housing loans remain unchanged at 3.5%.
17. November 2020

Since the Central Bank of Iceland embarked on its current rate-cutting programme, Landsbankinn has led lending rate cuts to both individuals and corporates. At the same time, demand for Landsbankinn’s housing loans has increased significantly – the terms offered by the Bank are very competitive. Landsbankinn finances housing loans through, amongst other channels, the issuance of fixed-rate covered bonds on the bond market. The current interest rate changes are primarily a reflection of a significant yield increase on covered bonds since the previous interest rate changes.

Fixed rates on non-indexed 36-month housing loans increase by 0.15 percentage points (pp) and fixed rates on non-indexed 60-month housing loans by 0.20 pp. Interest on 36-month vehicle and equipment financing loans increase by 0.15 pp. Other lending rates remain unchanged.

Fixed deposit rates for 36 months increase by 0.15 pp and fixed deposit rates for 60 months by 0.20 pp. Changes will also be made to deposit rates on FX accounts in BGP, CAD and NOK.

Interest rates

Þú gætir einnig haft áhuga á
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18 Jan 2021

Icelandic Economic Weekly: 18 January 2021

The CBI published a report on the foreign exchange market, exchange rate developments, and international reserves in 2020. The Government Debt Management Agency published its monthly Market Information report. S&P Global Ratings issued a credit rating for Landsbankinn’s covered bonds. Registered unemployment was 12.1% in December, 1.4 pp of that figure due to part-time claims.
11 Jan 2021

We reopen branches - please continue to make appointments

We will reopen Landsbankinn's branches as soon as changes to restrictions on gatherings enter into force on Wednesday, 13 January. Please continue to make appointments to visit us to help us uphold 2-metre distance and ensure that we respect the 20 persons rule.
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11 Jan 2021

Icelandic Economic Weekly: 11 January 2021

The CPI based on prices in December increased by 0.20% MoM, bringing the headline number to 3.6%. The CBI released its quarterly Economic Indicators report. The GDM released an annual prospect for 2021, quarterly prospect for Q1 2021, and a Medium-Term Debt Management Strategy for the period 2021-2025. The CBI will continue its regular programme of foreign currency sales in January. Icelandair released traffic data for December.
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8 Jan 2021

The Icelandic króna depreciated in 2020

The Icelandic króna depreciated somewhat against the currencies of main trading countries last year. The euro was 14.9% dearer at year-end 2020 than at the beginning of the year, the US dollar 5.0% and the British pound 8.9% dearer.
16 Dec 2020

Our service in December - we find solutions

Due to restrictions on gatherings, banking now primarily takes place over the phone, the Internet and appointments, as traditional service in branches is temporarily suspended. Landsbankinn gift cards can be ordered on landsbankinn.is and picked up at a branch.
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14 Dec 2020

Icelandic Economic Weekly: 14 December 2020

Last week's highlights and the week ahead.
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10 Dec 2020

Landsbankinn sells 12.1% shareholding in Stoðir

Landsbankinn has sold its shareholding in Stoðir hf. in an open sale process. The deadline to submit offers expired at 17:00 on Tuesday, 8 December.
10 Dec 2020

Applications for Klassi recreation grants open until 15 December

Members of Klassi can now apply for a recreation grant to support participation in recreational activities.
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7 Dec 2020

Icelandic Economic Weekly: 7 December 2020

Last week's highlights and the week ahead.
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4 Dec 2020

Overview of the Icelandic FX market

The EUR fell by 3.2% and the USD 5.6% against the ISK in November.
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