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Bolungarvík outlet merges into Ísafjörður branch

Landsbankinn’s outlet in Bolungarvík will merge into the Ísafjörður branch on 1 July.

Since 2015, Landsbankinn has operated a service outlet in the Bolungarvík town hall in Aðalstræti 10-12. Alongside increased use of digital service solutions, demand for teller services have declined greatly.

Landsbankinn will continue to operate an ATM in Bolungarvík with 24-hour access. The Landsbankinn branch in Ísafjörður is open between 9-16 on weekdays. The distance between Bolungarvík and Ísafjörður is about 13 km. Customers in Bolungarvík will be offered instruction and guidance on use of the Bank’s digital solutions on two Tuesdays, 9 and 23 June, at 15:00 on both days.

Forsíða - 30 June 2020 01:16 PM

Calculation of financial income tax on currency gains withheld at source

It is quite common to invest part of savings in accounts in foreign currencies. When the Icelandic króna (ISK) depreciates, currency gains accrue to these accounts and the Bank is obligated to withhold a 22% financial income tax on such gains.


Weekly bulletin - 29 June 2020 09:56 AM

Icelandic Economic Weekly: Monday 29 June 2020

The CPI based on prices in June increased by 0.44% MoM. Statistics Iceland expects the GDP to decrease by 8.4% in 2020. Unemployment in May was 9.9%, according to Statistics Iceland's labour force survey. The CBI released its quarterly Economic Indicators.


Forsíða - 23 June 2020 12:37 PM

Applications for Landsbankinn's Reykjavík Culture Night fund now open

This year, Reykjavík Culture Night will be celebrated in a different form to avoid overly large gatherings, in accordance with Covid-19 guidelines from the Civil Protection Authorities. The festival will take place over a 10-day period, 13-23 August.