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News

Austurbakki
10 Sept. 2024
Landsbankinn issues senior non-preferred bonds in SEK and NOK
Landsbankinn has concluded the sale of floating-rate bonds in the amount of SEK 1,000 million and NOK 250 million. The bonds have a 4-year tenor and an issuer call option after 3 years.
Austurbakki
18 July 2024
Financial results of Landsbankinn in the first half of 2024
Landsbankinn’s profit in the first half of 2024 amounted to ISK 16.1 billion, ISK 9.0 billion thereof in the second quarter. Return on equity (ROE) in the period was 10.5%, compared with 10.3% for the same period the previous year.
Austurbakki
7 June 2024
S&P says acquisition of TM will diversify revenues and impact capital ratio moderately
International rating agency S&P Global Ratings has said that Landsbankinn's acquisition of TM tryggingar hf. (TM) has the potential to develop into a solid foothold in the Icelandic insurance business, widen the customer offering, and diversify the Bank's revenue base over the long term.  This is according to a bulletin released by S&P on 5 June 2024.
Austurbakki
31 May 2024
Contract providing for Landsbankinn’s purchase of TM concluded
An agreement for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) from Kvika Bank was signed today.
Austurbakki
2 May 2024
Financial results of Landsbankinn for the first three months of 2024
Landsbankinn's net profit in the first three months of 2024 was ISK 7.2 billion. Return on equity (ROE) in the period was 9.3%, compared with 11.1% for the same period the previous year.
Austurbakki
19 April 2024
Results of the 2024 AGM of Landsbankinn
The annual general meeting (AGM) of Landsbankinn, held on 19 April 2024, agreed to pay a dividend amounting to ISK 16,535 million to shareholders.
Austurbakki
4 April 2024
S&P raises Landsbankinn’s credit rating to BBB+
International rating agency S&P Global Ratings today announced that it has upgraded the credit rating of Landsbankinn. The credit rating is raised by one notch, to BBB+ with stable outlook.
Austurbakki
27 March 2024
Annual General Meeting of Landsbankinn 2024
The Annual General Meeting of Landsbankinn hf. will be held on 19 April 2024, at 16:00, in Reykjastræti 6, 101 Reykjavík.
Austurbakki
19 March 2024
Landsbankinn’s AGM postponed to 19 April
A meeting of the Board of Directors of Landsbankinn hf. on 19 March 2024 determined to postpone the annual general meeting of the Bank, scheduled to be held on Wednesday, 20 March 2024. Following consultation with Icelandic State Financial Investments (ISFI), it was decided to hold the AGM on 19 April 2024.
Austurbakki
17 March 2024
Landsbankinn's acquisition offer for TM approved
Landsbankinn and Kvika Bank have agreed to enter into exclusive negotiations for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) based on a purchase offer the Bank made for all equity in TM on 15 March. The proposed acquisition is contingent on such factors as due diligence and approval by the Icelandic Competition Authority and the Financial Supervisory Authority of the Central Bank of Iceland. 
Austurbakki
7 March 2024
Annual General Meeting of Landsbankinn 2024
The Annual General Meeting of Landsbankinn will be held on Wednesday, 20 March 2024, at 16:00, in Reykjastræti 6, Reykjavík.
Austurbakki
6 March 2024
Sixfold over-subscription in green bond issuance
On 5 March 2024, Landsbankinn concluded the sale of green bonds in the amount of EUR 300 million. This was the Bank’s fourth issuance of euro-denominated green bonds.
Austurbakki
5 March 2024
Acquisition by Landsbankinn of own shares under a buyback programme - end of acquisition period 2024
On 15 February 2024, Landsbankinn announced that the Bank would offer to purchase shares from shareholders under the terms of a buyback programme during the period 19 February 2024 to 4 March 2024. During the period, Landsbankinn acquired a total of 6,423,476 own shares at a share price of 12,8595, for a total amount of ISK 82,602,689.
Helga og Berglind
23 Feb. 2024
Helga Björk steps down as Chairman at Landsbankinn’s AGM in March
Helga Björk Eiríksdóttir, Chairman of the Board of Directors of Landsbankinn, a Director of the Board since 2013 and Chairman since 2016, will not stand for re-election to the Board at the Bank’s AGM on 20 March 2024. Berglind Svavarsdóttir, Vice-chairman of the Board and a Director since 2016, will also not stand for re-election and steps down at the same time.
Austurbakki
16 Feb. 2024
Landsbankinn’s science-based emission goals verified
Landsbankinn’s goals to reduce greenhouse gas emissions have been verified by the Science Based Targets initiative (SBTi). We are the first Icelandic bank to achieve this.
Fjölskylda
15 Feb. 2024
Publication of Landsbankinn’s Annual & Sustainability Report
Landsbankinn’s Annual & Sustainability Report for 2023 has now appeared. It reviews highlights in the Bank’s operation in the past year, developments in services and operation, successful funding, sound risk governance, robust sustainability work and more.
Austurbakki
15 Feb. 2024
Landsbankinn exercises authorisation to buy back own shares
Landsbankinn's Board of Directors has decided to exercise an authorization to purchase the Bank's own shares, which was approved at the Bank's AGM on 23 March 2023. The buyback program allows for the maximum purchase of 54 million shares, or 0.23% of issued shares.
1 Feb. 2024
Carbon emissions from credit portfolio contracted by 8%
Alongside the Bank’s annual financial statements, we are now publishing sustainability accounts for 2023, disclosing detailed information about sustainability and Landsbankinn’s operation. The accounts are verified in part or whole by auditing firm Deloitte.
Austurbakki
1 Feb. 2024
Financial results of Landsbankinn for 2023
Landsbankinn's after-tax profit in 2023 was ISK 33.2 billion. Return on equity (ROE) was 11.6% in 2023 after tax.
Austurbakki
25 Jan. 2024
Landsbankinn updates its Sustainable Finance Framework
Landsbankinn has updated its Sustainable Finance Framework, initially published in early 2021. The updated Framework maintains the Bank’s scope for financing green and social projects, such as the switch to renewable energy, development of environmentally-friendly infrastructure and sustainable fisheries.
Austurbakki
17 Jan. 2024
Landsbankinn to disclose nature-related financial information
Landsbankinn is one of 100 financial undertakings to become an inaugural early adopter of recommendations from the Taskforce on Nature-related Financial Disclosures (TNFD). The companies will include nature-related financial information in their corporate reporting based on TNFD’s recommendations.
Austurbakki
18 Nov. 2023
S&P revises outlook on credit rating from stable to positive
S&P Global Ratings has today revised the outlook of Landsbankinn’s credit rating from stable to positive, resulting in a credit rating of BBB/A-2 with positive outlook.
Austurbakki
26 Oct. 2023
Financial results of Landsbankinn for the first nine months of 2023
Landsbankinn’s profit in the first nine months of 2023 amounted to ISK 22.4 billion, ISK 7.9 billion thereof in the third quarter. Return on equity (ROE) in the first nine months of the year was 10.5% and 10.9% in the third quarter.
5 Sept. 2023
Landsbankinn issues green bonds for EUR 300 million
Today, Landsbankinn concluded the sale of a new green bond series in the amount of EUR 300 million, the Bank’s third green bond issuance in euros. The bonds bear a 6.375% fixed rate and were sold at terms equivalent to a 313 basis point spread above mid-swap market rates. The bonds have a 3,5-year tenor and mature in March 2027.
Austurbakki
20 July 2023
Financial results of Landsbankinn in H1 of 2023
Landsbankinn’s profit in the first half of the year amounted to ISK 14.5 billion, ISK 6.7 billion thereof in the second quarter. Return on equity (ROE) was 10.3% in H1.
Austurbakki
4 May 2023
Financial results of Landsbankinn for the first three months of 2023
Return on equity (ROE) at Landsbankinn was 11.1% in the first three months of 2023. Net profit was ISK 7.8 billion.
Austurbakki
23 March 2023
Results of the 2023 AGM of Landsbankinn
The annual general meeting of Landsbankinn, held on 23 March 2023, agreed to pay a dividend amounting to ISK 8,504 million to shareholders. The AGM approved a proposal to change the Bank’s address from Austurstræti 11 to Reykjastræti 6.
9 March 2023
Landsbankinn sells European Covered Bond (Premium) in euros
Today, Landsbankinn concluded a sale of European Covered Bonds (Premium) in euros. The bonds are in the amount of EUR 300 million, with a 5-year tenor and have a fixed coupon of 4.25%. The bonds were sold at terms equivalent to 90 basis point spread over mid-swap market rate.
Hestar og kona
16 Feb. 2023
Publication of Landsbankinn’s Annual & Sustainability Report
Landsbankinn’s Annual & Sustainability Report for 2022 reviews highlights in the Bank’s operation last year, new solutions and changes to service, continued work on sustainable development, funding, risk management and more.
Austurbakki
2 Feb. 2023
Financial results of Landsbankinn for 2022
The net profit of Landsbankinn in 2022 was ISK 17.0 billion (2021: ISK 28.9 billion). After-tax return on equity for 2022 was 6.3% (2021: 10.8%).
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