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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.

Weekly bulletin - 21 September 2020 08:32 AM

Icelandic Economic Weekly: 21 September 2020

Icelandair concluded its public offering. Registered unemployment was 9.4% in August. Of that figure, 0.9pp is due to part-time claims. The housing price index for the capital region increased by 0.8% MoM, bringing the YoY change to 5.2%.


Front page - 17 September 2020 02:39 PM

Fraudsters attempt to use stolen card numbers

Yesterday, 16 September, Valitor warned against emails apparently sent by Pósturinn. The email asked the recipient to click on an embedded link that opened a false payment site made to look like Valitor’s site. Cyber criminals have obtained card numbers by such means and card holders are advised to be alert.


News and Notifications - 16 September 2020 08:20 AM

Share offering of Icelandair Group hf. ends at 16:00 on Thursday, 17 September 2020

The share offering of Icelandair Group hf. commenced at 9:00 on Wednesday, 16 September, and ends at 16:00 on Thursday, 17 September. Participation in the offering is via the Bank’s website.