25. May 2020 - Weekly bulletin
The MPC lowered policy rates by 0.75 percentage points.
Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin.
Fitch revised Iceland's Outlook to Negative.
On Wednesday, Statistics Iceland will release trade in goods and services numbers for Q1.
On Thursday, Statistics Iceland will release CPI numbers for May. We expect a 0.4% increase between months and for the headline inflation to increase from 2.2% to 2.4%.
On Friday, Statistics Iceland will publish national accounts for Q1. The CBI will publish balance of payments for Q1 as well as external debt and the international investment position at end of Q1.
Markets 25 May 2020
Macro Overview 25 May 2020
Forsíða - 30 July 2020 04:05 PM
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.
Weekly bulletin - 27 July 2020 08:57 AM
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.
Forsíða - 24 July 2020 01:50 PM
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.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
Swift/BIC: NBIIISRE Rules Legal notice Personal Data Protection Policy
Please use this form to send us queries, comments, compliments or complaints.
Please complete the form to make an appointment.
Use this form to request an interview with our advisors.
Appointments can be made for both branch visits and phone consultations.