It is hard to imagine the uncertainty the people of Grindavík are currently living with. All of us at Landsbankinn are holding Grindavík in our thoughts. We are proud of our Grindavík branch and thankful for our many long-standing and valued customers in the community, both individuals and companies.
Last Monday, we announced that all Grindavík customers could defer payments on their mortgages for up to six months. This solution is a traditional payment holiday, whereby customers make no payment on their loans and the deferred payment of interest/indexation is added to the principal. No interest accrues to deferred interest and indexation until 12 months following such deferral.
Payment holiday creates space to consider further action
We are fully aware that deferred payment is not a solution to all the financial challenges the people of Grindavík are faced with. It is nevertheless a solution that can ease financial concerns for a short period and create some financial leeway which can come in handy in this period of uncertainty.
We are looking at other ways and means of supporting Grindavík and the Bank has liaised with public authorities on the next steps.
Welcome to come see us
Events like those we are currently experiencing cause great uncertainty in the finances of both individuals and companies. We offer various solutions and encourage all our Grindavík customers to contact us to review their finances. It’s best to book an appointment with our advisors online. The people of Grindavík will be warmly received in any and all of our branches around Iceland, over the phone or remote meetings.
The Bank’s employees’ association has already offered the vacation housing it has at its disposal for the use of Grindavík inhabitants. We have also provided equipment and other useful items to the service centre for Grindavík in Tollhúsið. The employees of our Grindavík branch continues to work for the Bank, either in other branches or remotely. We will continue to support Grindavík in various ways.