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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.

 

Vikubyrjun/Weekly bulletin - 22 October 2018 10:49 AM

Icelandic Economic Weekly: Monday 22 october 2018

The CBI released the minutes of the last meeting of the MPC. Statistics Iceland published population projections for 2018–2067. The week ahead Tomorrow, the CBI will release its biannual Financial Stability Report.


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News and Notifications - 18 October 2018 02:51 PM

Bríet, Huginn and Kælan Mikla featured on Landsbankinn’s Iceland Airwaves site

Landsbankinn is warming up for Iceland Airwaves by posting new videos and interviews with young musicians to its Iceland Airwaves site. This year, the featured musicians are Huginn, Bríet and the band Kælan Mikla.


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Vikubyrjun/Weekly bulletin - 15 October 2018 10:39 AM

Icelandic Economic Weekly: Monday 15 october 2018

Government accounts for 2017 were published. Arion Bank published the FME’s assessment of the bank’s capital requirement. Preparations are under way for the merger of the Central Bank of Iceland and the Financial Supervisory Authority.


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