News and notifications

- Economic Forecast

Overview of the Icelandic FX market

After having depreciated somewhat autumn in 2018, the króna has been relatively stable so far this year. Since the beginning of the year, the EURISK exchange rate has stayed between 132 and 140 króna. The Central Bank intervened twice in the FX market last week. On Tuesday, the CB responded to an inter day depreciation of the króna by selling EUR9m (ISK 1.2 bn.). After WOW air ceased operations on 28 March, the CB sold EUR 6m (ISK 0.8bn.).

Icelandic FX market - April 2018


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.


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.


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.