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Landsbankinn leading in Europe according to Sustainalytics

Landsbankinn improves its score in a new ESG risk rating from Sustainalytics, decreasing its score from 17.5 to 13.5 on a scale to 100. Landsbankinn now ranks 2nd out of 382 European banks analysed by Sustainalytics. Sustainalytics considers Landsbankinn at low risk of experiencing material financial impacts from ESG factors.

In 2019, Landsbankinn scored 17.5 points and now decreases its score to 13.5 points, moving from 6th of 376 to 2nd out of 382 banks assessed by Sustainalytics.

Lilja Björk Einarsdóttir, CEO of Landsbankinn: “There is great recognition in placing 2nd out of almost 400 European banks in Sustainalytics’ assessment. We are focused on robust and stable operation and on developing long-term business relationships. A solid risk culture and social responsibility are of high importance and we perceive that customers increasingly trust us to lead in these areas. We are extremely proud of this result and have every intention of maintaining our lead in this field.”

About the risk assessment of Sustainalytics

An ESG risk rating assesses a company’s exposure to and management of the ESG issues that are considered most material for that company based on its subindustry. The methodology evaluates the degree of a company’s unmanaged material ESG risk. The more of this risk that is unmanaged, the higher the ESG risk rating score.

ESG risk rating

Landsbankinn’s ESG Report for 2019

 

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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