As in previous years, Landsbankinn has made a donation to a good cause in the name of all Exceptional Companies recognised by Creditinfo. This year, the donation of ISK 4 million goes to Krýsuvíkursamtökin.

Landsbankinn hf., Bál ehf. and Solvent ehf., as the owners of all share capital in Greiðslumiðlun Íslands ehf. (GMÍ), have decided to offer their shares for sale in an open sale process.

S&P Global Ratings has today affirmed Landsbankinn’s credit rating and revised the outlook from stable to positive. The Bank’s credit rating is now BBB+/A-2 with positive outlook.

Today, 11 November, 60 years have passed from the founding of scholarship fund Háskólasjóður hf. Eimskipafélags Íslands. The Fund was created in memory of Icelandic emigrants to the USA and Canada who participated in the establishment of shipping company Eimskipafélagið.

The monthly newsletter from Landsbankinn Economic Research is now also available in English. The newsletter provides an in-depth analysis of all main facets of the economy, the development of statistics and indicators in the previous month and a forward-looking economic prognosis. This publication is a fantastic insight and aid to understanding of the Icelandic economy.

Landsbankinn’s web chat is now available in our app and offers a direct channel to the Customer Service Centre and our chatbot. This is one of many new features in the app which is under constant development.

Over the coming weeks, Landsbankinn will host a number of Financial Forums around Iceland, focusing on pension and cyber security issues. In this series, we plan to visit Reykjanesbær, Akureyri, Selfoss and Reyðarfjörður.  

We regularly advertise special offers for customers, in collaboration with our partners. In some cases, customers may not receive information about such offers or benefits because they have declined to receive notifications from the Bank. It’s easy to change this choice in Landsbankinn’s app or online banking.

Landsbankinn’s after-tax profit in the first nine months of 2024 amounted to ISK 26.9 billion, ISK 10.8 billion thereof in the third quarter. Return on equity (ROE) was 11.7%, compared with 10.5% for the same period the previous year.

Due to maintenance, credit assessment will not be available in the Landsbankinn app and online banking from 17:00 on Friday 18 October until 10:00 on Saturday 19 October.

Landsbankinn Economic Research forecasts a near status quo in the economy between years and a 0.1% contraction in GDP in 2024.

Landsbankinn announce changes to deposit and lending rates effective as of Wednesday 9 October 2024. The main changes are as follows:

Landsbankinn has finalised the sale of 5Y green bonds in the amount of EUR 300 million. This is the Bank’s fifth green bond issuance in euros. The bonds bear 3.75% fixed rates and were sold at terms equivalent to a 155 basis point spread above mid-swap market rates.

The Financial Supervisory Authority (FSA) of the Central Bank of Iceland has published the results of its assessment, finding that Landsbankinn is eligible to control a qualifying holding in TM tryggingar hf. (TM).

We are hosting a morning meeting to mark the publication of a new economic forecast by Landsbankinn in Harpa on Tuesday, 15 October.

Today, Landsbankinn changes deposit and lending rates. The Bank also makes changes to the availability of inflation-indexed housing mortgages.

Kacper Skóra and Guilherma Baía Roque received encouragement grants from the Hvatasjóður fund of Reykjavík University (RU) and Landsbankinn in 2024.

In the past couple of days, Landsbankinn has been informed of fraudsters calling people in Iceland and attempting to defraud them of funds using various tricks.

Landsbankinn has concluded the sale of floating-rate bonds in the amount of SEK 1,000 million and NOK 250 million. The bonds have a 4-year tenor and an issuer call option after 3 years.

Landsbankinn hosted its third Sustainability Forum on Wednesday 4 September. All the presentations engaged the audience, and the Forum was very well attended. Recordings from the Forum and abstracts from the presentations are now available on the Bank’s website (in Icelandic).

Landsbankinn’s Sustainability Forum will take place on Thursday, 4 September, at 9:00-11:30 in Gróska, Bjargargata 1.

Landsbankinn has launched a gallery website that aims to promote access to the Bank’s art collection by boosting access. This initial version of the website focuses on the pieces housed at the Bank’s headquarters at Reykjastræti 6.

Elvar Thór Karlsson has been hired as Head of Landsbankinn Corporate Finance. He takes up the position this winter.

Reykjavík Culture Night will be celebrated in the city centre on Saturday, 24 August. Landsbankinn has been a pillar of Reykjavík Culture Night since its inception and, as usual, invites visitors to enjoy several events both at its headquarters in Reykjastræti and at Hörputorg, in collaboration with Hafnartorg and Harpa Concert Hall & Conference Centre.

Last night and early this morning, the Bank experienced disruptions to several of its services. These disruptions were related to issues that have affected companies around the world.

Landsbankinn’s profit in the first half of 2024 amounted to ISK 16.1 billion, ISK 9.0 billion thereof in the second quarter. Return on equity (ROE) in the period was 10.5%, compared with 10.3% for the same period the previous year.

The panel of judges of the Pride Parade Fund of Reykjavík Pride and Landsbankinn have awarded grants to nine entries in this year’s Pride Parade.

Signing up for Landsbankinn’s app has never been easier – now everyone can try the app without any commitment. This step opens access to Landsbankinn’s services even further.

The Ministry of Finance and Economic Affairs has retained Landsbankinn Corporate Finance as independent financial advisor for the management and supervision of the public offering or offerings of the State’s remaining shareholding in Íslandsbanki hf.

Björn Auðunn Ólafsson is the newest addition to Landsbankinn Corporate Finance and has already joined the team.