Organisation

An ever smarter bank

Our aim is to simplify life for our customers by offering accessible service and sound advice.

Landsbankinn’s strategy

At the core of Landsbankinn’s strategy, Landsbankinn, an ever-smarter bank, is the ideal of mutual trust and a personal approach to banking.

We want to take advantage of all the opportunities technology affords without losing our personal approach. Our strategy also describes our dynamic ability to develop and evolve.

We put customer satisfaction first and aim to offer accessible and secure banking anywhere and anytime. Landsbankinn is also part of a larger whole, Icelandic society, and we strive to promote and make positive contributions to it around the country.

Trust is a common thread that runs through the entire operation, connecting customer relations and external partners to internal and general activities. Landsbankinn is a trusted bank for a successful future.

More information on the strategy in the Bank’s Annual & Sustainability Report.

Organisational chart

The Bank has seven divisions: Communication & Culture, Asset Management & Capital Markets, Personal Banking, Corporate Banking, Risk Management, Finance and IT. The CEO and the managing directors of the divisions comprise the Bank's Executive Board.

Ownership

Landsbankinn’s owners number around 900 with the National Treasury as the largest owner of a 98.2% share. Icelandic State Financial Investments controls the State’s holding in the Bank.

Ownership

Subsidiaries

Subsidiaries are companies in which Landsbankinn’s holdings exceed 50%. Affiliates are companies in which Landsbankinn has made a long-term investment and in which it owns a considerable share, although no more than 50%.

Subsidiaries

Articles of Association

These are Landsbankinn’s Articles of Association, approved by the Bank’s AGM on 23 March 2023.

Code of conduct

The Bank’s code of conduct applies to relations between employees and customers, between co-workers, regulators, shareholders, competitors and other stakeholders.

Corporate Governance Statement

The governance structure of Landsbankinn forms the foundation for solid relations between shareholders, the Board of Directors, executives, employees, customers and other stakeholders.