26. September 2019 - News and Notifications
Following a considerable reduction in the number of travellers to Iceland this year, Landsbankinn Economic Research expects foreign visitors to increase by 3% in 2020 and 5% in 2021, to number 2.2 million, which more or less equals the peak of 2017. Leaders of over 40% of companies in the travel sector expect to see a contraction in income this year yet are generally optimistic about coming years, according to a survey carried out for Landsbankinn as part of a detailed analysis of the travel sector published today by Economic Research.
“In the long term, we are optimistic about the future growth of the domestic travel industry and except it to outpace global developments slightly. Growth will nevertheless be slower than what we have become accustomed to in recent years and will be based on more sustainable foundations,” says Dr. Daníel Svavarsson, Head of Landsbankinn Economic Research
Economic Research presents its conclusions at https://www.landsbankinn.is/skraning/varnarsigur-en-hvad-svo/. New interviews with leaders in the travel industry will be presented at the conference, along with talks on the sector’s status and outlook, and it concludes with a panel on airline operations and tourism.
Economic Research’s analysis and interviews with industry leaders are available in Landsbankinn’s magazine, published online via Umræðan.
The full text of the publication is available on Landsbankinn’s website.
News and Notifications - 06 February 2020 04:18 PM
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.
Weekly bulletin - 24 February 2020 08:34 AM
According to the minutes of the last meeting of the MPC, one of two external members voted against the Governor's proposal to lower interest rates by 0.25 percentage points, preferring to keep interest rates unchanged.
News and Notifications - 20 February 2020 01:33 PM
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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