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Icelandic Economic Weekly: Monday 23 March 2020

Last week's highlights

The Icelandic Government announced a response package to the COVID-19 crisis.

The Financial Stability Committee and the Monetary Policy Committee of the Central Bank met to decide on mitigating measures in response to the COVID-19 pandemic.

The Government Debt Management agency announced that in light of the events of recent weeks, it is foreseeable that the Treasury's financial need will increase significantly from previous forecasts.

The housing price index for the capital region increased by 0.5% MoM in February, bringing the YoY increase to 4.1%.

The population of Iceland numbered 374,000 at the beginning of the year, a 2.0% increase YoY.

Landsvirkjun issued SDG-linked notes in a US private placement.

The week ahead

On Friday, Statistics Iceland will release CPI numbers for March. We expect a 0.3% increase between months and for the headline inflation to decrease from 2.4% to 2.2%.

Also on Friday, the CBI will release its quarterly Economic Indicators report.

Facts and figures

Markets 23 March 2020

Macro Overview 23 March 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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