News and notifications

Forsíða - 03 July 2020 03:45 PM

Landsbankinn supports fifteen exceptional students

Landsbankinn awarded fifteen students scholarships from the Bank’s Community Fund on 1 July. Scholarships were awarded for the 31st time and are in the total amount of ISK 6 million. This year, over 500 applications were received. Landsbankinn is the only domestic bank with a scholarship programme.


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News and Notifications - 03 July 2020 10:54 AM

Overview of the Icelandic FX market

The ISK depreciated by 2.8% against the EUR and 1.7% against the USD in June. Turnover in the interbank foreign exchange market was ISK 42,2bn (EUR 276m) in June.


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Forsíða - 30 June 2020 01:16 PM

Calculation of financial income tax on currency gains withheld at source

It is quite common to invest part of savings in accounts in foreign currencies. When the Icelandic króna (ISK) depreciates, currency gains accrue to these accounts and the Bank is obligated to withhold a 22% financial income tax on such gains.


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