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.
You may also be interested in
27 Oct. 2025
Today, Landsbankinn concluded the sale of new 7-year green bonds in the amount of EUR 300 million. The bonds bear a 3.625% fixed rate and were sold at terms equivalent to a 122 basis point spread above mid-swap market rates.
23 Oct. 2025
Landsbankinn’s after-tax profit in the first nine months of 2025 amounted to ISK 29.5 billion, ISK 11.1 billion thereof in the third quarter. Return on equity (ROE) was 12.2%, compared with 11.7% for the same period the previous year. The net interest margin as a ratio of average total asset position was 2.9%.
17 July 2025
Landsbankinn’s profit in the first half of 2025 amounted to ISK 18.3 billion after tax, ISK 10.4 billion thereof in the second quarter. Annualised ROE was 11.5% as compared with 10.5% for the same period the previous year.
16 June 2025
Today, Landsbankinn concluded the sale of a new 5-year green bond in the amount of EUR 300 million. The bonds bear a 3.50% fixed rate and were sold at terms equivalent to a 135 basis points spread above mid-swap market rates.
30 April 2025
Landsbankinn’s after-tax profit during the first three months of 2025 was ISK 7.9 billion, compared with ISK 7.2 billion for the same period of 2024. Return on equity (ROE) in the period was 10.0%, compared with 9.3% for the same period the previous year.
19 March 2025
The annual general meeting (AGM) of Landsbankinn, held on 19 March 2025, agreed to pay a dividend amounting to ISK 18,892 million to shareholders.
5 March 2025
Landsbankinn´s Annual General Meeting will be held on Wednesday, 19 March 2025, at 16:00, at Reykjastræti 6, Reykjavík.
28 Feb. 2025
Settlement and handover related to the purchase by Landsbankinn of TM tryggingar hf. from Kvika Bank took place today and Landsbankinn has assumed operation of the company. TM will be operated as a subsidiary of Landsbankinn.
21 Feb. 2025
The Icelandic Competition Authority has approved the purchase by Landsbankinn of all share capital in TM tryggingar hf., with a condition set out in a settlement between the Bank and the Authority.
13 Feb. 2025
Landsbankinn’s Annual & Sustainability Report for 2024 has now appeared. The Report describes development and changes to the Bank’s services, its successful operation and performance, sound financing and risk management, its positive impact on society and more.