Landsbankinn's funding rests on three main pillars: Deposits from customers, market funding and equity. The Bank’s credit rating, issued by S&P Global Ratings, is BBB/A-2 with stable outlook.
Landsbankinn has listed an Euro Medium Term Note (EMTN) programme in the amount of EUR 2 billion. The Bank first issuance under the EMTN programme was in 2015 and issuance has been regular since.
Landsbankinn issues covered bonds under a covered bonds issuance framework in the total amount of EUR 2,500 million. Initial issuance of covered bonds was in 2013, with regular issuance since.