Eim­skip Uni­versity Fund alloca­tes ISK 127.5 milli­on to grants

Stjórn Háskólasjóðs Eimskipafélags Íslands
27 February 2023

The Board of Directors of Eimskip University Fund (Ice. Háskólasjóður H/f Eimskipafélags Íslands) has announced its intention to allocate ISK 127.5 million to grants to doctoral students at the University of Iceland in 2023.

The Eimskip University Fund was created by expat Icelanders in 1964 who donated their shareholdings in Eimskipafélagið. The Fund was created in memory of Icelanders who emigrated to the US and Canada and its main objective is to support promising students at the University of Iceland. The Fund is managed by Landsbankinn.

While the Board of the Fund determines the amount for allocation each year, grants are awarded by the Board of Directors of the University of Iceland Research Fund.

Total allocation amounts to ISK 1.6 billion

A total of 176 students have received grants from the Fund since regular allocation began in 2006. 

Total allocation from the Fund currently amounts to ISK 1.6 billion, with ISK 500 thereof allocated to the construction of Háskólatorg in 2006 and 2007. 

“The Eimskip University Fund has been of great importance to the University of Iceland. Through its support for doctoral studies at the University, the Fund has both contributed to our growth as a research university and created opportunities for a large group of doctoral candidates to take up diverse tasks and work at many levels of society, both domestically and internationally. Since allocation of the first doctoral scholarships from the Eimskip University Fund in 2006, 175 doctoral candidates from all schools of the University have received support from the Fund. During this period, graduates of doctoral programmes at the University of Iceland have multiplied. In addition, the Eimskip University Fund allocated a handsome sum to the construction of Háskólatorg, the heart of the University, for which we are immensely grateful,” says Jón Atli Benediktsson, Rector and President of the University of Iceland.

Board of Directors of the Eimskip University Fund. From the left: Vilhelm Már Þorsteinsson, CEO of Eimskip, Lilja B. Einarsdóttir, CEO of Landsbankinn, Jón Atli Benediktsson, Rector and President of the University of Iceland, Helga B. Eiríksdóttir, Chairman of the Board of Directors of Landsbankinn and of the Board of Directors of the Eimskip University Fund, and Vigdís Sif Hrafnkelsdóttir, Managing Director of the Fund and Account Manager in Landsbankinn Asset Management.

You may also be interested in
17 March 2023

Productive meeting with the Icelandic Organization of the Visually Impaired

Lively discussion followed a well-attended meeting co-hosted by Landsbankinn and the Icelandic Organization of the Visually Impaired. The focus was on cybersecurity on the one hand and on access to self-service solutions on the other.
New temp image
15 March 2023

Electronic ID in ecommerce

Electronic ID is now required in the confirmation process of payments made with payment cards on ecommerce platforms. Such payments were previously confirmed by entering a code texted to the customer’s phone.
14 March 2023

AB-Fasteignir receive Landsbankinn’s Sustainable Financing Label

AB-Fasteignir have received Landsbankinn’s Sustainable Financing Label for the production of renewable energy. Landsbankinn’s Sustainable Financing Label is awarded to businesses who meet the sustainability criteria of the Bank’s Sustainable Finance Framework and fulfil strict ESG requirements.
27 Feb. 2023

Landsbankinn launches acquiring service 

Landsbankinn has launched its own merchant acquiring service. Merchants who bank with us can now concentrate all their payment service in one place, resulting in increased efficiency and a better overview of operations.
New temp image
17 Feb. 2023

Landsbankinn changes interest rates

Following the interest rate decision, variable interest rates on non-indexed housing mortgages increase by 0.50 percentage points (pp), to 8.00%. Interest on savings accounts created in the app (Save in App) increase by 0.50 pp, to 6.00%.
13 Feb. 2023

Winners of Gulleggið 2023

The business idea Better Sex won the innovation competition of Klak - Icelandic Startups, Gulleggið 2023. Better Sex is a streaming service for adults that shares professional and interesting knowledge about sex. Sigga Dögg and Sævar Eyjólfsson form the team behind the idea.
New temp image
8 Feb. 2023

Information for customers about ruling on terms of consumer loans

On Tuesday, 7 February 2023, the Reykjavík District Court ruled in a case concerning the terms that applied to interest rate changes in consumer loans from Landsbankinn. Following the adoption of a new Act on Consumer Loans in 2013, amendments were made to the terms and consumer loans taken out with Landsbankinn after that do not fall under the scope of the ruling.
New temp image
27 Jan. 2023

Changed opening hours at Skagaströnd and improved banking service in Blönduós

Landsbankinn’s opening hours in Skagaströnd will change as of 30 January. The outlet will after that be open on Mondays, Wednesdays and Fridays from 12-15.
Höfuðstöðvar Alvotech
23 Jan. 2023

Landsbankinn Corporate Finance advisor to Alvotech in private placement

Earlier today, Alvotech announced the completion of a private placement in the equivalent amount of ISK 19.5 billion (USD 137 million). The shares were sold at a purchase price of ISK 1,650 per share (equivalent of USD 11,57 per share) to a group of domestic professional investors and eligible counterparties. The private placement was initiated on 19 January 2023 and completed on 22 January 2023. Closing and settlement is expected to take place on 10 February 2023. Alvotech intends to use the proceeds for general operations and other business purposes. Landsbankinn Corporate Finance and ACRO Securities acted as advisors to Alvotech in the private placement.
New temp image
18 Jan. 2023

Changes to fixed rates on new housing mortgages

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.25 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.10 pp. The changes enter into effect as at 19 January. These changes apply to new housing mortgages only and do not impact existing loans.

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