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Landsbankinn signs a loan facility with Nordic Investment Bank

Landsbankinn and Nordic Investment Bank (NIB) have signed a new loan facility where Landsbankinn borrows USD 75 million with a maturity of seven years to finance small and medium-sized enterprises (SME’s) and environmental projects in Iceland. This is the third loan facility NIB has agreed with Landsbankinn, older agreements were signed in 2015 and 2017.

Henrik Normann, NIB President & CEO:

“The cooperation between NIB and Landsbankinn has proven to be very successful. Together with Landsbankinn, we are able to provide long-term finance – also in US dollars – to the many small and medium-sized enterprises in Iceland.”

Lilja Einarsdóttir, Landsbankinn’s CEO:

“The ongoing collaboration with NIB is great for Landsbankinn. It combines our constant drive to improve funding cost with the bank’s vision of long term sustainability and support to growing businesses in Iceland.”

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The bank finances both private and public projects, both in and outside the member countries. NIB’s credit rating is AAA/Aaa from S&P Global and Moody’s.

 

News and Notifications - 17 December 2018 02:30 PM

Customers able to change limit on credit cards in online banking and the Landsbankinn app

Landsbankinn’s customers can now adjust the withdrawal limit on their credit cards in the Landsbankinn app and online banking for individuals. The extent by which the limit can be raised is determined by a credit framework that automatically calculates credit authorisations.


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Vikubyrjun/Weekly bulletin - 17 December 2018 10:09 AM

Icelandic Economic Weekly: Monday 17 December 2018

The Monetary Policy Committee held policy rates unchanged, in line with our expectations. Preliminary estimates for 2017 show that the GDP per capita in Iceland was 30% above the EU28 average.


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Vikubyrjun/Weekly bulletin - 10 December 2018 09:52 AM

Icelandic Economic Weekly: Monday 10 December 2018

Statistics Iceland released national accounts for Q3. The CBI released the current account for Q3. The government has decided to present a bill to parliament proposing the liberalisation of capital controls on off-shore króna holders. Icelandair released traffic data for November. Fitch affirmed Iceland at A with a stable outlook.


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