Lands­bank­inn changes fix­ed rates on hous­ing mort­ga­ges

As of 10 May 2022, customers who use a username and password to log in to online banking or the app will be required to authenticate the login activity with a security number texted to their phone. This is because of new rules on payment services. We encourage you to make an appointment to activate simpler login as soon as possible.

Please be on the lookout for smishing attempts that ask the recipient to update their security information using a link included in the message. Opening the link leads to a fake login page.

Creating a bank account is not complicated, even if you’re new to Iceland. To become a customer, you first need an Icelandic identification number. We’ve published information about banking in Iceland and how to open a bank account to our website. This information is available in several languages, including English, Polish, Ukrainian and Russian.

We are closed over Easter. Remember that you can use Landsbankinn’s app to resolve most matters. You can freeze your cards in the app and online banking if they are lost, stolen or misused. You can then re-open the cards if you find them again. Credit card holders have access to emergency service around the clock.

Una Jónsdóttir has been promoted to Head of Economic Research at Landsbankinn.

Aðalheiður Snæbjarnardóttir has advanced to become the first Sustainability Manager of Landsbankinn. Aðalheiður has worked in the field of sustainability at the Bank since 2019. The new position of Sustainability Manager is intended to sharpen the Bank’s focus on sustainability which is growing in importance and becoming an ever larger part of our work. Aðalheiður will continue to work closely with other staff from across the Bank, such as in Finance & Operation, Corporate Banking, Risk Management and in product development.

Applications for grants from the Bank’s Sustainability Fund are now open. Allocation will focus on projects that contribute to the energy transition.

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.35 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.25 pp. Fixed rates on new 60-month inflation-indexed housing mortgages decrease by 0.40 pp.

Hagar hf. and the owners of Eldum rétt ehf. have reached an agreement on the purchase by Hagar of all share capital in Eldum rétt. Landsbankinn Corporate Finance acted as advisor to the seller in the transaction.

On 2 May 2022, changes will be made to Landsbankinn’s price tariff, mainly on items that relate to cash transactions. The most significant changes apply to individuals and legal entities who do not own accounts or trade with us.