13. June 2017 - News and Notifications
First among the Icelandic banks, Landsbankinn has concluded a settlement with the Icelandic Competition Authority under which the Bank will take action to stimulate competition in general commercial banking services to individuals and small companies. The aim of the settlement is to reduce switching fees in financial services, promote competition control by customers and counteract situations that might allow for silent conformity in the commercial banking market.
Landsbankinn has collaborated effectively with the Competition Authority in analysing the legal and competitive operating environment of commercial banking and to create an action plan designed to stimulate competition. The actions the Bank will undertake are a result of this collaboration. The Bank is of the opinion that these actions will strengthen customers' position and rights, increase transparency and boost further technological advances in commercial banking. The collaboration has involved implementation of the actions detailed in the settlement and many have already been put into practice.
Announcement about the settlement on the website of the Icelandic Competition Authority (In Icelandic)
Forsíða - 30 July 2020 04:05 PM
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
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
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.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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