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.

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.

You may also be interested in

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.

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.

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.

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.

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.

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%).

27 Oct. 2022

Financial results of Landsbankinn for the first nine months of 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.

21 July 2022

Financial results of Landsbankinn in H1 of 2022

The Bank’s profit in the first half of 2022 amounted to ISK 5.6 billion, ISK 2.3 billion thereof in the second quarter. Return on equity (ROE) was 4.1%, falling short of the Bank’s 10% target mainly because of fluctuations in equities held by the Bank.

27 May 2022

S&P raises Landsbankinn’s covered bond rating to A

S&P Global Ratings has today announced that Landsbankinn’s covered bond rating has been raised. The rating uplift is one notch and the rating is therefore A with stable outlook.

Pub­lic­a­tion of Lands­bankinn’s 2020 An­nu­al and ESG re­port

Publication of Landsbankinn’s 2020 Annual and ESG report