Landsbankinn returns ISK 8 billion profit in Q1 2013

In Q1 2013, Landsbankinn's after-tax operating profit was ISK 8.0bn compared to ISK 7.7bn in Q1 2012. After-tax return on equity (ROE) in Q1 was 14.0% as compared with a ROE of 15.2% for 2012 as a whole. The bank's capital adequacy ratio (CAR) has never been higher, reaching 26.6% at the end of March 2013 as compared with 22.1% at the same time last year.