Iceland­ic Eco­nom­ic Weekly: 14 Decem­ber 2020

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.

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.