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Icelandic Economic Weekly: Monday 24 February 2020

Last week's highlights

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.

Arion Bank issued USD-denominated Additional Tier 1 bonds.

The housing price index for the capital region increased by 0.5% MoM in January, bringing the YoY increase to 2.5%.

Statistics Iceland released tourism short-term indicators.

The week ahead

On Wednesday, Statistics Iceland will release preliminary figures for external trade in goods and services for Q4 2019.

On Thursday, Statistics Iceland will release CPI numbers for February. We expect a 0.4% increase between months, mainly due to the end of sales in furniture & furnishings, and clothing & footwear.

On Friday, Statistics Iceland will release provisional estimates for national accounts 2019.

Facts and figures

Markets 24 February 2020

Macro Overview 24 February 2020

Forsíða - 30 July 2020 04:05 PM

Financial results of Landsbankinn in H1 of 2020

Landsbankinn's after-tax performance was negative by ISK 3.3 billion during the first half of 2020, compared with a profit of ISK 11.1 billion during the same period in 2019. Loan impairment amounted to ISK 13.4 billion during the period, equal to about 1.1% of the bank‘s loan portfolio, compared with an impairment of ISK 2.4 billion in the same period last year.


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Weekly bulletin - 27 July 2020 08:57 AM

Icelandic Economic Weekly: Monday 27 July 2020

The CPI based on prices in mid-July increased 0.15% between months. Arion Bank published preliminary financial results for Q2. Icelandair Group also published preliminary financial results for Q2. The CBI release the minutes of the Financial Stability Committee meeting in June.


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Forsíða - 24 July 2020 01:50 PM

Landsbankinn is the best bank in Iceland in the assessment of Euromoney

The international business and finance magazine Euromoney has chosen Landsbankinn as the best bank in Iceland, and this is the second year in a row that the bank receives this recognition.


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