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Overview of the Icelandic FX market

The króna appreciated in September. At the end of the month, the euro stood at ISK 135, compared with 138.4 at the end of August. Turnover in the interbank foreign exchange market increased slightly MoM in September. The turnover was EUR 118m (ISK16.2 bn), compared to EUR 103m (ISK 14.2 bn) in August.

Icelandic FX market (PDF)

 

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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Weekly bulletin - 24 February 2020 08:34 AM

Icelandic Economic Weekly: Monday 24 February 2020

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.


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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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