Organisation

Organisational chart

The Bank’s operations are divided into six divisions. Income-generating divisions are three, Personal Banking, Corporate Banking and Markets. Support units are Risk Management, Finance and IT. Other resource units are Internal Audit, Compliance, and the CEO's Office.

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Board of Directors

The Board of Directors consists of 7 regular members and 2 alternates who are elected at the Annual General Meeting for a term of one year.

Current members are: Helga Björk Eiríksdóttir, Chairman, Magnús Pétursson, Vice-chairman, Berglind Svavarsdóttir, Einar Þór Bjarnason, Hersir Sigurgeirsson, Jón Guðmann Pétursson, Sigríður Benediktsdóttir. Samúel Guðmundsson is an alternate.

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Senior management

Lilja Björk Einarsdóttir, the CEO of Landsbankinn, along with the managing directors of the divisions comprise the Bank's Executive Board. The managing directors are (in alphabetical order): Arinbjörn Ólafsson (Information Technology) Árni Þór Þorbjörnsson (Corporate Banking), Helgi T. Helgason (Personal Banking), Hrefna Ösp Sigfinnsdóttir (Markets), Hreiðar Bjarnason (Finance) and Perla Ösp Ásgeirsdóttir (Risk Management).

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Subsidiaries and affiliates

Subsidiaries are companies in which Landsbankinn’s holdings exceed 50%. Affiliates are companies in which Landsbankinn has made a long-term investment and in which it owns a considerable share, although no more than 50%.

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Ownership

The Bank is owned by the National Treasury of Iceland with a 98.2% shareholding. Other shareholders own 1.8% of shares in the Bank.

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