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Steinþór Pálsson steps down as CEO of Landsbankinn

The Board of Directors of Landsbankinn and Steinþór Pálsson, CEO, have agreed that Steinþór cease his employment with the Bank. Steinþór has been CEO of Landsbankinn since 1 June 2010. Hreiðar Bjarnason, CFO and Deputy CEO, now acts as interim CEO of the Bank. The position will be advertised as soon as possible.

"I have been at Landsbankinn for six and a half eventful years. A great deal of positive headway has been made towards restoring household and corporate finances during these years. Landsbankinn has undergone major transformation during this time and I leave satisfied with the work I have done. The Bank's financial position is very sound and its market share has grown. I bid a fond farewell to my colleagues and wish them every success for the future," says Steinþór Pálsson.

Helga Björk Eiríksdóttir, Chairman of the Board of Directors:
"The Board thanks Steinþór for his great and successful efforts on behalf of Landsbankinn. Many pressing and demanding tasks have been successfully resolved under his leadership and the Bank's operations solidified. Landsbankinn now faces new challenges. The Board considers it right to face those challenges under new leadership.  We wish Steinþór every success in the future.”

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.


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.


News and Notifications - 07 May 2020 04:55 PM

Financial results of Landsbankinn for the first three months of 2020

In the first three months of 2020, Landsbankinn's after-tax results were negative by ISK 3.6 billion, compared with an ISK 6.8 billion profit for the same period in 2019. Loan impairment amounted to ISK 5.2 billion in the period, compared with impairment of ISK 1 billion in the same period last year.