Publication of Landsbankinn’s Annual & Sustainability Report
Landsbankinn’s Annual & Sustainability Report for 2023 has now appeared. It reviews highlights in the Bank’s operation in the past year, developments in services and operation, successful funding, sound risk governance, robust sustainability work and more.
15 February 2024
As before, Landsbankinn’s Annual & Sustainability Report is published in web-based format and in both Icelandic and english. Highlights of the Annual & Sustainability Report:
- The popularity of Landsbankinn’s app continues to grow and in 2023, user numbers are up by over a third.
- Landsbankinn’s app changed considerably in the year. No longer limited to conventional banking service, it now links work, personal control and finances in a new way.
- Customers who save in the app to get the most favourable deposit interest rates are up by 57%.
- The Bank’s funding was successful and issuances on international bond markets were well received.
- Landsbankinn’s Acquiring Service, launched this year, has been very well received and Landsbankinn Corporate Finance worked on many successful projects.
- Our customer base continues to grow, market share in the retail market has never been higher and a record number of corporates joined the group of satisfied Landsbankinn customers.
- In 2023, Landsbankinn was ranked highest by banking customers in the Icelandic Performance Satisfaction index, for the fifth year running.
- We publish extensive information on our sustainability work. In 2023, we adopted scientific climate targets which were verified by the Science Based Targets initiative (SBTi) in February 2024.
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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.
17 March 2024
Landsbankinn and Kvika Bank have agreed to enter into exclusive negotiations for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) based on a purchase offer the Bank made for all equity in TM on 15 March. The proposed acquisition is contingent on such factors as due diligence and approval by the Icelandic Competition Authority and the Financial Supervisory Authority of the Central Bank of Iceland.