13 December 2024
Today, Landsbankinn concluded an auction of subordinated bonds that counts towards Tier 2 capital.
On offer was a new series of subordinated bonds, LBANK T2I 36. The bonds bear fixed interest rates payable annually. They mature in June 2036 with a call option in June 2031, and on every subsequent interest payment date thereafter (11.5NC6.5).
Seventy bids totalling ISK 21,580m were received in the series at 4.64%-5.60% yield. Bids in the amount of ISK 7,640m were accepted in the series at 5.06% yield.
The expected settlement date is 19 December 2024.
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13 Feb. 2025
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.
30 Jan. 2025
Landsbankinn's profit in 2024 was ISK 37.5 billion after taxes, as compared with ISK 33.2 billion the previous year.
23 Oct. 2024
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.
10 Sept. 2024
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.
18 July 2024
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.
7 June 2024
International rating agency S&P Global Ratings has said that Landsbankinn's acquisition of TM tryggingar hf. (TM) has the potential to develop into a solid foothold in the Icelandic insurance business, widen the customer offering, and diversify the Bank's revenue base over the long term. This is according to a bulletin released by S&P on 5 June 2024.
31 May 2024
An agreement for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) from Kvika Bank was signed today.
2 May 2024
Landsbankinn's net profit in the first three months of 2024 was ISK 7.2 billion. Return on equity (ROE) in the period was 9.3%, compared with 11.1% for the same period the previous year.
19 April 2024
The annual general meeting (AGM) of Landsbankinn, held on 19 April 2024, agreed to pay a dividend amounting to ISK 16,535 million to shareholders.
4 April 2024
International rating agency S&P Global Ratings today announced that it has upgraded the credit rating of Landsbankinn. The credit rating is raised by one notch, to BBB+ with stable outlook.