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Pu­blicati­on of Lands­bank­inn’s 2020 Annual and ESG report

Landsbankinn's Annual and ESG Report for 2020 has been published to the Bank's website. The report presents the Bank’s operation and services in 2020 in an accessible manner.
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10 February 2021 - Landsbankinn

We continued to improve digital services for companies and individuals in 2020, responded to challenges with agility and took important steps toward sustainability. The Bank has never granted as much credit for housing purchases as in 2020, with favourable terms and good service driving the Bank’s growing market share in housing loans.

The report covers the Bank’s sustainability platform in detail, and its impact on the environment and society. The ESG section of the report is prepared in accordance with the GRI Standards: Core option and it also functions as a Communication of Progress Report to the UN Global Compact. Among the issues presented in the report are responsible investment and green finance, equality, our carbon footprint, and partnership and support for the community.

The Bank has also published a Pillar III Risk Report, available under the chapter on risk management.

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17 Nov. 2021

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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18 Oct. 2021

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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6 Sept. 2021

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.
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23 July 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 December 2018.
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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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