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Ceases empl­oy­ment at Lands­bank­inn

Hrefna Ösp Sigfinnsdóttir, Managing Director of Asset Management & Capital Markets at Landsbankinn, has resigned her position with the Bank, where she has worked since 2010. She has already ceased employment.
6 September 2021 - Landsbankinn

Hrefna Ösp Sigfinnsdóttir: “I take my leave of Landsbankinn, proud of the eleven enjoyable and eventful years I’ve spent at the Bank. I have gained valuable experience and had the opportunity to work with exceptional people on demanding projects.”

Lilja Björk Einarsdóttir, CEO of Landsbankinn: “Hrefna Ösp has done a great job at Landsbankinn. She led the restoration of asset management at the Bank and supported the development of Landsbréf. Hrefna Ösp has pioneered sustainable and responsible investment in Iceland. She was the driving force behind the establishment of IcelandSIF and kindled the market’s interest in a new approach. Hrefna Ösp is dynamic leader who has achieved significant success and been an outstanding member of Landsbankinn’s executive board.”

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Landsbankinn issues green bonds in euros

Yesterday, Landsbankinn concluded a sale of green bonds in the amount of EUR 300 million with maturity in May 2026. The bonds have a fixed coupon of 0.75% and were sold at terms equivalent to 95 basis point spread over mid-swap market rate.
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29 Oct. 2021

Landsbankinn utilises authorisation to buy back own shares

Landsbankinn's Board of Directors has decided to exercise an authorisation to purchase the Bank's own shares, which was approved at the Bank's AGM on 24 March this year. The buyback programme allows for the maximum purchase of 57 million shares, or 0.24% of issued shares. Landsbankinn has previously offered shareholders the chance to sell their shares in the Bank, most recently in August 2021. Landsbankinn offers to purchase shares from shareholders during a repurchase period, extending from 1 November 2021 up to and including 15 November 2021. Shareholders interested in accepting the Bank’s offer must complete a notification form and submit it to the Bank. The notification form is available on the Bank’s website. Notifications will be processed throughout the period in the order in which they are received by the Bank until the maximum (of 57 million shares) is reached. If the maximum is reached during the repurchase period no further notifications will be processed. In accordance with the AGM's decision, Landsbankinn offers to purchase each share during the repurchase period at a share price equivalent to the proportion of equity belonging to the Bank's shareholders and the Bank's share capital, according to its most recently published financial statements prior to the commencement of the repurchase period. Based on Landsbankinn's interim results for the first nine months of 2021, the equity held by the Bank's shareholders amounts to ISK 275,343 million and outstanding shares number 23,623 million shares. In accordance with the above, Landsbankinn offers to purchase each share at a price of ISK 11.6558 during the repurchase period. Total shares in the Bank number 24,000 million. The Bank’s shareholders are 869. The National Treasury holds 23,567 million shares, or around 98.2% of issued shares. The Bank holds around 377 million own shares, or around 1.57% of issued shares. Other shareholders than the National Treasury and the Bank hold around 56 million shares, or around 0.23% of issued shares. Further information and instructions for shareholders interested in accepting the Bank’s offer are available on Landsbankinn’s website, www.landsbankinn.is/endurkaup. Further information is also provided by phone, +354 410 4040, and by email to vl@landsbankinn.is.
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S&P confirms unchanged credit rating for Landsbankinn

S&P Global Ratings has today published a report on Landsbankinn’s credit rating where an unchanged long-term credit rating was confirmed at BBB/A-2 with stable outlook.
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24 Sept. 2021

Two new managing directors at Landsbankinn

Bergsteinn Ó. Einarsson has been hired as Managing Director of Risk Management at Landsbankinn and Sara Pálsdóttir has been hired as Managing Director of Community, a new division of the Bank which incorporates human resources, marketing, education, communication, sustainability and the Economic Research department.
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23 July 2021

Landsbankinn utilises authorisation to buy back own shares

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22 July 2021

Financial results of Landsbankinn in H1 of 2021

Landsbankinn's profit was ISK 14.1 billion during the first half of 2021, compared with a loss of ISK 3.3 billion for the same period in 2020. Return on equity (ROE) for the period was 10.8% on an annualised basis, compared with -2.7% during the same period of 2020.
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31 May 2021

Ceases employment at Landsbankinn 

Perla Ösp Ásgeirsdóttir, Managing Director of Risk Management at Landsbankinn, has resigned her position with the Bank and ceased employment.  
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6 May 2021

Financial results of Landsbankinn for the first three months of 2021

The Bank’s profit in the first three months of 2021 amounted to ISK 7.6 billion. Return on equity (ROE) was 11.7%.
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24 March 2021

Results of the AGM of Landsbankinn 2021

The annual general meeting of Landsbankinn, held on 24 March 2021, agreed to pay a dividend amounting to ISK 4,489 million to shareholders. The dividend is equivalent to 42.7% of 2020 profits. As a result, total dividends paid by the Bank in 2013-2021 will amount to around ISK 146 bn. Three new individuals were elected to the Board of Directors at the AGM.
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