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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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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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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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22 March 2021

Proposals for the Annual General Meeting and candidates for the Board of Directors

The Annual General Meeting of Landsbankinn will be held on Wednesday, 24 March 2021. Proposals for the AGM and information about candidates for election to the Board of Directors are available on the Bank’s website.
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18 Feb. 2021

Landsbankinn issues green euro-denominated bonds

Today, Landsbankinn concluded the sale of a new green bond series in the amount of EUR 300 million. The bonds bear 0.375% fixed rates and were sold at terms equivalent to an 87 basis points spread above mid-swap market rates. Subscriptions came to just under one billion euro from more than 80 investors.
11 Feb. 2021

Financial results of Landsbankinn for 2020

The profit of Landsbankinn hf. in 2020 was ISK 10.5 billion after taxes, as compared with ISK 18.2 billion in 2019. After-tax ROE was 4.3% in 2020, as compared with 7.5% in 2019.
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