16 November 2021
On 29 October 2021, Landsbankinn announced that the Bank would offer to purchase shares from shareholders under the terms of a buyback programme during the period 1 November 2021 to 15 November 2021. During the period, Landsbankinn acquired a total of 1,678,416 own shares at a share price of 11.6558, for the total amount of ISK 19,563,283.
Prior to the repurchase period, Landsbankinn held around 377 million own shares. At its conclusion, the Bank holds around 379 million of own shares, or the equivalent of around 1.58% of issued share capital in the Bank.
Buybacks under the programme were authorised to amount to a maximum of 57 million shares, or the equivalent of around 0.24% of issued share capital.
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18 Nov. 2023
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.
26 Oct. 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
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.
20 July 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.
4 May 2023
Return on equity (ROE) at Landsbankinn was 11.1% in the first three months of 2023. Net profit was ISK 7.8 billion.
23 March 2023
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
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.
16 Feb. 2023
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.
2 Feb. 2023
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%).
27 Oct. 2022
Landsbankinn’s profit in the first nine months of 2022 amounted to ISK 11.3 billion, ISK 5.8 billion thereof in the third quarter. Return on equity (ROE) in the first nine months of the year was 5.6% and 8.5% in the third quarter. A decrease in the fair value of the Bank’s equity portfolio negatively impacts its profitability this year.