The CBI both sold and bought foreign currency in July
In the second half of July, the króna began to weaken, but that weakening was fully reversed towards the end of the month. At the end of July, the euro stood at ISK 146.6, which is almost unchanged from the end of June. Of 22 trading days in July, the CBI intervened seven days, on four days it bought euros and on three days it sold euros.
6 August 2021 - Landsbankinn
At the end of June, the euro stood at ISK 146.5. Around 20 July, the króna began to weaken and the euro peaked at ISK 149 on 27 July. That weakening reversed and at the end of the month the euro stood at ISK 146.6, i.e almost unchanged from the end of June.
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29 May 2026
Landsbankinn awarded sixteen talented students with scholarships from the Bank’s Community Fund on 27 May. This was the 37th allocation of scholarships and the total amount was raised to ISK 10 million this year. Over 330 applications were received.
26 May 2026
Grunnskóli Húnaþings vestra emerged as the winner of Skólahreysti 2026 in exciting finals at Varmá in Mosfellsbær on Saturday 23 May. The competition was exciting and fun with the winning team performing brilliantly across the board and scoring a total of 60 points.
21 May 2026
Landsbankinn changes deposit and lending rates. Changes to fixed rates on new housing mortgages enter into effect Friday 22 May 2026. Other interest rate changes take effect Thursday 28 May 2026, with the exceptions listed below. The main changes are:
20 May 2026
Jón Thór Grímsson has been hired as new Chief Legal Officer of Landsbankinn.
15 May 2026
Applications for Landsbankinn's Reykjavík Culture Night fund 2026 are now open. The application deadline is up to and including 31 May. The Culture Night fund is a collaboration between the City of Reykjavík and Landsbankinn, a central pillar of the festival since its inception.
17 April 2026
The cooling trend in the domestic economy looks set to continue longer than previously predicted. Economic growth will be modest and mainly export driven. The outlook is for 4.8% inflation this year and it is likely that the policy rate will be raised to 8.25%, also this year. There are signs of slackening in the labour market, with increasing unemployment and lower demand for workers.
1 April 2026
Landsbankinn’s branches and service centres will as usual be closed over Easter and open again on Tuesday, 7 April.
26 March 2026
Alfa Framtak has reached an agreement with Orkla Snacks to acquire all shares in Nói Síríus.
26 March 2026
Landsbankinn and Icelandic Student Services (Félagsstofnun stúdenta (FS)) have extended their co-operation agreement for a term of two years. Under the terms of the agreement, Landsbankinn will provide all general banking and payment services to FS and its operating segments. The Bank will also handle asset management and fund investment for FS and together, FS and Landsbankinn will partner to host various events and projects.
26 March 2026
All bank branches are open again.