Community grants in the total amount of ISK 15 million were awarded from Landsbankinn’s Community Fund on 19 December 2024. A total of 35 initiatives received financial support this year. The projects are varied and benefit people of all ages and throughout Iceland.

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.

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.

Landsbankinn invites to a Financial Forum on all things pension and cybersecurity on Wednesday, 2 October, at 16:00 at Reykjastræti 6.

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.