News and notifications

- News and Notifications

Notification concerning WOW air

Payment card holders who booked flights with WOW air are entitled to recovery (reimbursement) for cancelled flights. The appropriate form is available on the Bank’s website (in Icelandic).

  • Reimbursement can be applied for if the ticket was purchased with a payment card (debit or credit).
  • Customers who paid for tickets using other payment methods can lodge a claim against the bankruptcy estate.
  • The deadline for submitting recovery claims is 120 days after the date of the cancelled flight.
  • We advise customers to submit recovery claims as promptly as possible, as processing of such claims may take up to three or four months. The process will begin as soon as the executor of the estate authorises it.
  • Please note that payment card and travel insurance does not cover airline bankruptcy. Recovery is via card issuers rather than insurance companies.
  • Card holders who booked their flight through a travel agent are advised to contact the travel agency.

Form: Form to file for recovery
Email the signed form along with required documentation to endurkrofur@valitor.is

If customer are unable to scan the form and required documentation that is not in electronic form, photos of the documents, e.g. photos taken and emailed through mobile phones, will suffice.

The above information applies to holders of VISA payment cards and MasterCard procurement cards issued by Landsbankinn. Other card holders should apply to their bank or card issuer for information.

Further information about passenger rights and airline bankruptcy is available on the website of the Icelandic Transport Authority

News and Notifications - 06 February 2020 04:18 PM

Financial results of Landsbankinn for 2019

Landsbankinn's after-tax profit in 2019 was ISK 18.2 billion. Return on equity (ROE) was 7.5% in 2019, as compared to 8.2% in 2018. Discounting the bank tax, ROE was 9.2% and the Bank’s target is 10% at a minimum, having regard for the impact of bank tax. The cost-income ratio decreased between years, was 42.6% in 2019 as compared to 45.5% in 2018.


More

News and Notifications - 20 February 2020 01:33 PM

Municipality Credit Iceland issues green bonds

Municipality Credit Iceland (MCI) finalised a private placement of new green bonds class LSS040440 GB on 19 February 2020. Landsbankinn Capital Markets coordinated the sale.


More

News and Notifications - 19 February 2020 10:28 AM

Tender offer results

Landsbankinn hf. announced today the results of a tender offer announced on 11 February 2020 where holders of its EUR 500,000,000 1.625 per cent. notes due 2021 (ISIN: XS1490640288) were invited to tender their notes for purchase by the bank against a cash payment. The tender offer was subject to the terms and conditions outlined in the tender offer memorandum dated 11 February 2020.


More