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Landsbankinn Chosen Best Bank in Iceland


The international financial magazine Euromoney has selected Landsbankinn as the best bank in Iceland. Each year Euromoney designates the best banks around the world, granting them recognition with its Award for Excellence. In the selection, various factors are considered in banks' operations and policies, such as the results of their regular operations, cost optimisation and service offerings.

Euromoney's news release points out that Landsbankinn's financial performance during the period underlines its outstanding position among Icelandic banks, particularly in terms of efficiency and profitability. Furthermore, its loans and deposits have shown healthy growth. Landsbankinn also places emphasis on offering products and systems that place it at the forefront of Icelandic banks when it comes to digital solutions.

Lilja Björk Einarsdóttir, CEO of Landsbankinn: "We are proud of having been selected as the best bank in Iceland. The award is yet another confirmation of the success achieved by Landsbankinn, thanks not least to its dedicated and energetic employees. We set ourselves clear targets for implementing digital solutions that have resulted in more efficient operations and increased customer satisfaction. The Award for Excellence encourages us to continue to provide excellent service while ensuring the solid operation of the bank in the long term."

News and Notifications - 24 October 2019 04:04 PM

Landsbankinn's results for the first nine months of 2019

In the first nine months of 2019, Landsbankinn's after-tax profit was ISK 14.4 bn as compared with ISK 15.4 bn for the same period in 2018. Return on equity (ROE) for the period was 7.9% on an annualised basis as compared to 8.8% during the same period of 2018.


News and Notifications - 25 July 2019 04:04 PM

Financial results of Landsbankinn in H1 of 2019

Landsbankinn's performance was positive by ISK 11.1 billion after taxes during the first half of 2019, compared with an after-tax profit of ISK 11.6 billion during the same period in 2018. Return on equity (ROE) during the period was 9.1% on an annualised basis, compared to 9.9% in the same period of 2018. Salaries and related expenses decreased by 2% between periods.


News and Notifications - 23 July 2019 06:33 PM

S&P affirms Landsbankinn’s credit rating as unchanged but revises outlook from stable to negative

On 23 July 2019, the international rating agency S&P Global Ratings affirmed Landsbankinn's long-term and short-term issuer credit rating of BBB+/A-2, but revised its outlook from stable to negative.