16 February 2023
Landsbankinn’s Annual & Sustainability Report for 2022 reviews highlights in the Bank’s operation last year, new solutions and changes to service, continued work on sustainable development, funding, risk management and more.
The report is published to the Bank’s website, making it easy to access and peruse. These are some of the highlights we discuss in the Report:
- Active retail customers of the Bank grew by 5.2% in 2022 and numbered 121,600 at the end of the year. The Bank's share in the retail market measured 40.1% and has never been higher.
- Corporate customers of the Bank grew by almost 2,000.
- We continued to improve our digital solutions and use of our app increased by over 23% on the retail side; 168% on the corporate side.
- Our share in the financing of new residential housing is over 50% of the market and we financed the construction of over 4,300 apartments in 2022.
- The updates we made to the securities functions of the app and online banking in 2022 were very well received and Asset Management & Capital Markets continued to attract new customers.
- In 2022, we hosted Landsbankinn’s first Sustainability Forum, measured GHG emissions from our credit portfolio for the second time and committed to setting science-based climate targets.
- We participate in various initiatives that encourage development and progress in society through such channels as our Sustainability Fund and Community Fund. Landsbankinn is one of the largest sponsors in Iceland.
- We published our 2022 results on 2 February. At the same time, we published our Pillar III risk report and detailed information on sustainable development, including a GRI report audited with reasonable assurance by Deloitte. This is the first time that sustainability disclosure is audited to this extent in Iceland.
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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.
27 March 2024
The Annual General Meeting of Landsbankinn hf. will be held on 19 April 2024, at 16:00, in Reykjastræti 6, 101 Reykjavík.
19 March 2024
A meeting of the Board of Directors of Landsbankinn hf. on 19 March 2024 determined to postpone the annual general meeting of the Bank, scheduled to be held on Wednesday, 20 March 2024. Following consultation with Icelandic State Financial Investments (ISFI), it was decided to hold the AGM on 19 April 2024.