News

Lands­bank­inn changes in­t­erest rates

18 October 2021

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on new non-indexed 36-month mortgages increase by 0.15 percentage points and fixed rates on new non-indexed 60-month mortgages by 0.10 pp. Interest rates on inflation-indexed mortgages, both variable and fixed, are unchanged. 

Prime rates on non-indexed mortgages increase by 0.20 pp while prime rates on inflation-indexed mortgages are unchanged. Variable interest on non-indexed vehicle and equipment financing loans increase by 0.20 pp while interest rates on indexed loans remain the same. Overdraft rates increase by 0.25 pp.

Interest on non-indexed savings account increase by 0.15-0.25 pp, interest on fixed rate accounts increase by 0.15-0.25 pp while interest rates on general current accounts are unchanged.

This interest rate decision of Landsbankinn follows the rate hike of the Central Bank of Iceland on 6 October, when the CBI raised rates by 0.25 pp. Interest rate changes also have regard for bond market yields and other financing terms of the Bank. 

Landsbankinn's new interest rate tariff enters into effect on 19 October 2021. Changes to interest on loans governed by the Act on Consumer Loans or the Act on Mortgage Lending to Consumers enter into effect in accordance with notifications sent to customers in online banking.

You may also be interested in
New temp image
6 Dec. 2021

Landsbankinn Corporate Finance advises Reginn on real estate development transaction

Reginn hf. and Hagar hf. concluded a subscription agreement on 3 December 2021, providing for subscriptions to shares in real estate developer Klasi ehf. Reginn will own a third of shares in Klasi and pay for its shares with an asset portfolio comprised of assets for sale and property for development.
New temp image
24 Nov. 2021

Landsbankinn changes interest rates

Variable interest rates on non-indexed housing mortgages increase by 0.35 percentage points (pp). Fixed rates on non-indexed 36-month housing mortgages increase by 0.30 pp and fixed rates on non-indexed 60-month housing mortgages by 0.25 pp. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are unchanged.
New temp image
24 Nov. 2021

New Head of Landsbankinn Asset Management

Búi Örlygsson has taken up the position of Head of Asset Management at Landsbankinn. Búi has 21 years of experience of asset management and has worked for Landsbankinn since the year 2000. Asset Management falls under the Bank’s Asset Management & Capital Markets division.
New temp image
9 Nov. 2021

Verification system for card use – changes to Visa website

Please note that minor changes are set to be made to the website that appears when Visa cardholders are asked to confirm online purchase with code. The changes will apply as of Wednesday, 10 November 2021.
9 Nov. 2021

Exhibition of abstract art in Austurstræti 11

Landsbankinn has opened an exhibition of 20 abstract works from its collection in its Austurstræti 11 branch. The exhibition will be open during the branch's opening hours.
3 Nov. 2021

We’re opening a sandbox to develop new solutions

A new Act on Payment Services has entered into effect. In response, we have opened a sandbox that allows fintechs and other companies in the sector to develop fintech solutions that link to the Bank’s systems.
Dalir og evrur
7 Oct. 2021

The Icelandic króna depreciated in September

The Icelandic króna depreciated against the currencies of Iceland’s main trading partners in September. At the end of the month, the euro stood at ISK 150.9, compared to ISK 149.6 at the end of August. The CBI intervened five days in September. On all five days, it sold euros.
6 Oct. 2021

Eyrún is Managing Director of Landsbankinn Asset Management & Capital Markets

Eyrún Anna Einarsdóttir has been hired as Managing Director of Asset Management & Capital Markets at Landsbankinn.
1 Oct. 2021

Young children should not play with piggybanks

Please note that labels on Sproti piggybanks handed out by the Bank were insufficient. Piggybanks should not be used as toys, as small coins may fall out of them.
New temp image
30 Sept. 2021

New version of Landsbankinn’s General Terms and Conditions

This is to call attention to changes to the Bank’s General Terms and Conditions. The General Terms and Conditions apply to business between the Bank and its customers, both private and corporate. In addition to these Terms and as the case may be, contract provisions and special terms and rules for individual products or services apply.
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