Landsbankinn's Annual Report for 2017 available online
Landsbankinn's Annual Report for the year 2017 is now available on the Bank's dedicated website. The Annual Report provides an overview of highlights in the Bank's 2017 operation.
Landsbankinn's market share continued to increase in 2017 and the Bank held the largest market share in the retail market for the fourth consecutive year. Surveys reveal increasing customer satisfaction with the Bank's services and growing trust. The Bank's operation was successful. Landsbankinn's profit in 2017 was ISK 19.8 bn after taxes, as compared with ISK 16.6 bn in 2016. After-tax ROE in in 2017 was 8.2%. Income increased considerably while costs measured in Icelandic króna remained more or less unchanged.
Read the Annual Report of Landsbankinn 2017
Accessible review of the Bank's activities
The Annual Report includes information on new emphases in the Bank's strategy, developments in banking operations and services, responsible investment, social responsibility, human resources, equality issues, the Bank's varied support for the community and diverse partnerships, not to mention finances and risk management.
Motion to pay ISK 15.4 bn in dividend
In her address, the Chairman of the Board of Directors states that the Board will propose to the Bank's AGM that a dividend of ISK 15.4 bn for the operating year 2017 be paid to shareholders.
The aim of electronic publication of the Annual Report is to increase transparency and make it easier for the public and other stakeholders to learn about the Bank's activities and operation. The cost of electronic publication is lower and more environmentally friendly.
The Annual Report of Landsbankinn 2017
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. More
S&P Global Ratings has today announced a lowering of Landsbankinn’s long-term credit rating. The credit rating is lowered by one notch, to BBB/A-2 with stable outlook.More
The Annual General Meeting of Landsbankinn was held on 22 April 2020 at the Bank’s headquarters in Austurstræti 11, Reykjavík. At the AGM, Helga Björk Eiríksdóttir, Chairman of the Board of Directors, presented the report of the Board of Directors, and Lilja Björk Einarsdóttir, CEO, spoke of the Bank’s solid standing and good performance in 2019.More