We accommodate corporate customers who seek our help in unexpected circumstances.
Companies who bank with Landsbankinn can take advantage of various solutions offered to resolve the impact of Covid-19 on operations. We encourage customers who expect to have difficulties meeting their payment obligations to contact the Bank soonest to review possible solutions and receive appropriate advice.
In accordance with an agreement between domestic financial undertakings and pension funds, which is part of the response to the economic ramifications of Covid-19, companies can now apply to defer payments on loans for up to six months. Companies should apply to their main bank of business. Other solutions for companies have already been introduced or are in the works.
The parties to the agreement are Landsbankinn, Arion Bank, Íslandsbanki, Kvika, Lykill, the savings banks and pension funds.
The agreement is intended to facilitate quick and co-ordinated processing of individual cases and contribute to equal standing, both of lenders and companies. The agreement is valid throughout June 2020 and includes extension provisions if circumstances demand.
More about the agreement (Icelandic)
The agreement provides for the following:
Company applies for a 4-month deferral of instalments and interest payments:
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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