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Landsbankinn accepts offers for Vogabyggð property

Landsbankinn has accepted the highest offers received for nine properties located in zone 2 in Vogabyggð, Reykjavík. All offers were made subject to financing and the next few weeks will determine whether bidders can remove the provisions to conclude the sale process.

The assets were offered for sale on 23 March of this year and the deadline to submit offers expired on 19 April. A total of 48 offers were received, with five of the offers being for more than one of the properties. The Bank has accepted the highest offers for the nine properties from seven companies.

Vogabyggð lies between Kleppsmýrarvegur, Sæbraut and Súðavogur. The area is slotted for development of a significant volume of residential and commercial housing in coming years.

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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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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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.


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