News

Named best bank in Ice­land by Euromo­ney, third year in a row 

The international financial magazine Euromoney has named Landsbankinn the best bank in Iceland for the third year running. Euromoney points to Landsbankinn’s efficiency and profitability, and its lead in the mortgage lending market.  
15 July 2021

Each year, Euromoney selects the best banks around the world, granting them recognition with its Award for Excellence. The selection process has regard for various aspects of the banks’ operation and strategy, including performance and profitability, innovation and service.  

According to Euromoney, Landsbankinn secures the 2021 Award for Excellence as it continues to be the domestic leader, not just in terms of the size of its balance sheet, loan book and mortgage market share but also by profit and interest income. Landsbankinn’s cost/income ratio was 47.4% in 2020 and its return on equity 8.6% during the period of these awards, i.e. Q2 2020 up to and including Q1 2021. Euromoney also mentions the Bank’s successful digital development and that it was the first Icelandic bank to receive a credit rating for its domestic covered bonds. Landsbankinn also published its first sustainable finance framework and concluded the sale of its first green bond.  

Lilja Björk Einarsdóttir, CEO of Landsbankinn: “We are focused on making life simpler for our customers, on offering competitive terms and ensuring the continued sound operation of the Bank. Securing Euromoney’s Award for Excellence for the third year in a row is a satisfying recognition of the success of this strategy. While the award is important, it is no less important to see and feel the increasing satisfaction of our customers in our dealings with them, and have this confirmed through polls and surveys. Our customer base is expanding, with new customers moving to Landsbankinn based on our reputation for better service. The best terms on non-indexed mortgage loans are also a selling point.” 

You may also be interested in
New temp image
20 Sept. 2021

Icelandic Economic Weekly: 20 September 2021

The general government deficit was 8.6% of GDP in 2020 and 11.1% of GDP in Q2 2021.
New temp image
16 Sept. 2021

Landsbankinn in Þórshöfn moves

Landsbankinn’s outlet in Þórshöfn has moved to Kjörbúðin’s facilities at Langanesvegur 2. The Bank’s services and opening hours remain unchanged and the ATM is accessible during Kjörbúðin’s opening hours.
New temp image
13 Sept. 2021

Icelandic Economic Weekly: 13 September 2021

A total of 150,000 foreign passengers departed via Keflavík airport in August.
New temp image
6 Sept. 2021

Icelandic Economic Weekly: 6 September 2021

The Icelandic economy grew by 7.3% in Q2 compared with the same period in 2020.
Peningaseðlar
3 Sept. 2021

The Icelandic króna depreciated in August

The Icelandic króna depreciated against the currencies of our main trading partners in August. At the end of the month, the euro stood at ISK 149.6, compared to ISK 146.9 at the end of July. The CBI intervened two days in August, selling euros both days.
New temp image
1 Sept. 2021

New legislation on financial instruments - you may need to take action

New laws on financial instruments enter into effect on 1 September 2021. The changes require action from legal entities and natural persons, who are not Icelandic nationals or who hold multiple citizenships and intend to trade in financial instruments.
New temp image
1 Sept. 2021

Some RSA tokens expire

Customers whose tokens have expired may experience difficulties executing payment. If you get an error message when attempting to confirm a payment with your RSA token, it is likely that the token has expired.
New temp image
31 August 2021

Landsbankinn changes interest rates - fixed rates on housing mortgages unchanged

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on non-indexed housing mortgages are unchanged. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are also unchanged.
New temp image
30 August 2021

Icelandic Economic Weekly: 30 August 2021

The MPC raised policy rates by 0.25 percentage points last week.
New temp image
23 August 2021

Icelandic Economic Weekly: 23 August 2021

We expect the MPC to hold policy rates unchanged on Wednesday.
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