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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5 March 2025
Landsbankinn´s Annual General Meeting will be held on Wednesday, 19 March 2025, at 16:00, at Reykjastræti 6, Reykjavík.
28 Feb. 2025
Settlement and handover related to the purchase by Landsbankinn of TM tryggingar hf. from Kvika Bank took place today and Landsbankinn has assumed operation of the company. TM will be operated as a subsidiary of Landsbankinn.
21 Feb. 2025
The Icelandic Competition Authority has approved the purchase by Landsbankinn of all share capital in TM tryggingar hf., with a condition set out in a settlement between the Bank and the Authority.
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.
13 Dec. 2024
Today, Landsbankinn concluded an auction of subordinated bonds that counts towards Tier 2 capital.
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.