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Landsbankinn lowers interest rates

Landsbankinn has recently established itself as the financial undertaking that offers the most competitive lending rates in Iceland. Since the Central Bank of Iceland embarked on the current rate-cutting programme, Landsbankinn has generally lowered lending rates more than deposit rates.

Variable interest rates on non-indexed housing mortgages decrease by 0.50 percentage points. Fixed rates on non-indexed housing loans decrease by 0.50 pp and rates on inflation-indexed housing loans decrease by 0.30 pp.

Premium rates on non-indexed loans decrease by 0.50 pp and premium rates on inflation-indexed loans decrease by 0.30 pp. Interest on non-indexed vehicle and equipment financing loans decrease by 0.05 pp. Overdraft interest rates decrease by as much as 0.75 pp.

Deposit interest rates decrease by 0.05 - 0.75 pp.

A new interest rate tariff enters into effect on 1 June and will contain more detailed information.

Landsbankinn most recently lowered interest rates on 14 April, mostly to reflect the cut in the bank levy.

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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