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Icelandic Economic Weekly: Monday 29 July 2019

Last week's highlights

The CPI fell by 0.21% MoM, lowering headline inflation to 3.1%.

S&P Ratings revised to negative from stable its outlooks on Arion bank, Íslandsbanki, Landsbankinn and the Housing Financing Fund. At the same time, S&P affirmed the 'BBB' issuer credit ratings on Arion Bank, Íslandsbanki, and Landsbankinn, and the 'BB+' ratings on HFF

Dr Ásgeir Jónsson was appointed Governor of the CBI.

Marel and Landsbankinn published 6M results.

The week ahead

Íslandsbanki (Wednesday) and Icelandair Group (Thursday) will publish 6M results.

Markets 29 July 2019

Macro Overview 29 July 2019

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.


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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.


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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.


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