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.

Landsbankinn’s canteen in Reykjastræti 6 has been recertified under the Nordic Swan Ecolabel, for the first time since the Bank moved to its new headquarters. The Bank’s canteen has been verified by the Nordic Swan since 2013 and was the first canteen in Icelandic to receive such certification.

On 20 February 2025, the Nordic Investment Bank (NIB) launched an ISK 8.5 billion environmental bond in its first issuance in the ISK bond market in over 16 years. The bonds are issued under NIB’s Environmental Bond Framework. Landsbankinn coordinated promotion and sale of the bonds to investors.

Online banking for corporates is now even more convenient and user-friendly. Changes include a completely new approach to payments, a new log-in and authentication processes and a new dashboard that facilitates overview. In the past weeks, users have gradually been transitioned to the new online banking version. We plan to complete the migration by the end of March.

We now offer a savings account in Polish currency, the zloty (PLN). This marks the first time an Icelandic bank has provided a foreign currency account in zloty.

The winner of the 2025 Gulleggið startup competition is Sagareg, which aims to simplify the creation of drug marketing authorisation applications using artificial intelligence and specialised software.

Landsbankinn’s Akureyri branch has moved to a new location at Hofsbót 2-4 in downtown Akureyri. The branch is open between 10-16 while ATMs and other self-service equipment is accessible around the clock.

The open sale process of the 35% shareholding of Hömlur ehf., a subsidiary of Landsbankinn, in Keahótel ehf., has ended without the conclusion of a sale agreement.

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.   

Today, Landsbankinn completed the sale of Additional Tier 1 (AT1) securities in the amount of USD 100 million. This marks the Bank’s inaugural AT1 securities issuance, with the securities sold to investors at a fixed interest rate of 8.125%.

Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 13 February 2025.

Landsbankinn and the Federation of Icelandic Industries (SI) are hosting a joint seminar on Thursday, 13 March, on the public-private partnership in the field of infrastructure and transport.

Due to a system updates, customers will not be able to use the app and online banking on Wednesday, 5 February, between 21:30 and 23:00. Other self-service solutions will be inaccessible during work on the update.

Most Landsbankinn branches will remain closed today, 6 February, until the weather subsides. We will update information on a running basis, as opening hours are likely to vary between locations.

Due to a system updates, customers will not be able to use the app and online banking on Wednesday 5 February, between 6:00 and 7:00 in the morning. Other self-service solutions will be inaccessible for about an hour during work on the update.

Landsbankinn's profit in 2024 was ISK 37.5 billion after taxes, as compared with ISK 33.2 billion the previous year.

We warn against phishing emails that have been sent in the name of the Icelandic Tax Authority (Skatturinn). The email, which is in Icelandic, claims that the tax authorities have updated your tax return information and instructs you to access these details through the Skatturinn service portal by clicking a link included in the email.

The Landsbankinn calendar for 2025 is dedicated to water and its diverse roles in our lives. This year, the calendar features watercolor paintings by the artist Stefán "Mottan" Óli Baldursson.

Landsbankinn’s branches and Customer Service Centre will be closed on Christmas Eve Day, Christmas Day, Boxing Day and on New Year’s Day. On New Year’s Eve, the Bank is open until 12:00, which means that branches that generally open at 12:00 are closed that day. General opening hours apply on other days. The app and online banking are of course available anytime and anywhere.

Today, Landsbankinn concluded an auction of subordinated bonds that counts towards Tier 2 capital.

In her address to the anniversary meeting of Háskólasjóður Eimskipafélag Íslands, Halla Tómasdóttir, the President of Iceland, spoke of the importance of higher education, innovation and research. Three recipients of grants from the Fund presented their doctoral theses.

We would like to draw attention to the fact that individuals with active arrangements for allocating supplementary pension savings towards the principal of their mortgage do not need to reapply for a continuation as the arrangement will automatically renew at the end of the year.

Grand Master Helgi Áss Grétarsson came, saw and conquered at Landsbankinn’s Friðriksmót, the Icelandic rapid chess tournament, held at the Bank’s headquarters at Reykjastræti on 1 December.

The lights on the Hamburg Christmas tree will be lit at 17:00 on 30 November during a festive ceremony and to the accompaniment of merry music, courtesy of the Hafnarfjörður Brass Band.

Landsbankinn has made changes to the maximum loan term for new inflation-indexed mortgages and the loan-to-value (LTV) ratios for both indexed and non-indexed mortgages.

Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on Monday 2 December 2024. The main changes are as follows:

Nearly 200 people attended a successful event on scaling businesses held at Landsbankinn in Reykjastræti on 20 November. At the event, owners and founders of three companies shared insights into how they expanded their businesses and the challenges they faced along the way.

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.