Publication of Landsbankinn’s Annual & Sustainability Report
16 February 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.
The report is published to the Bank’s website, making it easy to access and peruse. These are some of the highlights we discuss in the Report:
- Active retail customers of the Bank grew by 5.2% in 2022 and numbered 121,600 at the end of the year. The Bank's share in the retail market measured 40.1% and has never been higher.
- Corporate customers of the Bank grew by almost 2,000.
- We continued to improve our digital solutions and use of our app increased by over 23% on the retail side; 168% on the corporate side.
- Our share in the financing of new residential housing is over 50% of the market and we financed the construction of over 4,300 apartments in 2022.
- The updates we made to the securities functions of the app and online banking in 2022 were very well received and Asset Management & Capital Markets continued to attract new customers.
- In 2022, we hosted Landsbankinn’s first Sustainability Forum, measured GHG emissions from our credit portfolio for the second time and committed to setting science-based climate targets.
- We participate in various initiatives that encourage development and progress in society through such channels as our Sustainability Fund and Community Fund. Landsbankinn is one of the largest sponsors in Iceland.
- We published our 2022 results on 2 February. At the same time, we published our Pillar III risk report and detailed information on sustainable development, including a GRI report audited with reasonable assurance by Deloitte. This is the first time that sustainability disclosure is audited to this extent in Iceland.
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2 Feb. 2023
Financial results of Landsbankinn for 2022
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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
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5 May 2022
Financial results of Landsbankinn for the first three months of 2022
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23 March 2022
Results of Landsbankinn’s 2022 Annual General Meeting
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Annual general meeting of Landsbankinn 2022
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Acquisition by Landsbankinn of own shares under a buyback programme - end of acquisition period
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Landsbankinn utilises authorisation to buy back own shares
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