Changes to fixed rates on new hous­ing mort­gages

The cooling trend in the domestic economy looks set to continue longer than previously predicted. Economic growth will be modest and mainly export driven. The outlook is for 4.8% inflation this year and it is likely that the policy rate will be raised to 8.25%, also this year. There are signs of slackening in the labour market, with increasing unemployment and lower demand for workers.

Landsbankinn’s branches and service centres will as usual be closed over Easter and open again on Tuesday, 7 April.

Alfa Framtak has reached an agreement with Orkla Snacks to acquire all shares in Nói Síríus.

Landsbankinn and Icelandic Student Services (Félagsstofnun stúdenta (FS)) have extended their co-operation agreement for a term of two years. Under the terms of the agreement, Landsbankinn will provide all general banking and payment services to FS and its operating segments. The Bank will also handle asset management and fund investment for FS and together, FS and Landsbankinn will partner to host various events and projects.

All bank branches are open again.

Landsbankinn changes deposit and lending rates. Changes to fixed rates on new housing mortgages enter into effect Monday 23 March 2026. Other interest rate changes take effect on Friday, 27 March 2026. The main changes are:

On 25 February 2026, Landsbankinn announced that the Bank offered to repurchase shares from shareholders during the period from and including 2 March 2026 up to and including 13 March 2026.

Landsbankinn, in collaboration with TM, now offers insurance to individuals and families. The Bank’s customers receive better terms and first-rate insurance service.

The team Affineva emerged as the winner in the Gulleggið 2026 finals. Gulleggið is the largest and oldest innovation and startup competition in Iceland. Sara Pálsdóttir, Managing Director of Community & Culture, presented the team with handsome prize money furnished by Landsbankinn, the competition’s main backer.

Landsbankinn has received three nominations for Lúðurinn, the Icelandic Ad Awards, for 2025. Lúðurinn is hosted by ÍMARK, the Association of Icelandic Marketing Professionals, in collaboration with the Society of Icelandic Advertising Agencies. This is the 40th time the Lúðurinn awards are presented in Iceland.