29. November 2018 - News and Notifications
Landsbankinn hf. has sold a 9.2% shareholding in Eyrir Invest hf. in an open sale process. The deadline to submit offers expired at 12 noon on Wednesday 28 November.
Landsbankinn advertised the open sale process of up to 12.1% of its shareholding in investment company Eyrir Invest hf. on 6 November 2018. Prior to the sale process, the Bank held 22% of shares in the company. The sale process was conducted in accordance with Landsbankinn's policy on sale of assets and was open to all potential buyers who are considered eligible investors as defined by Point 9 of Article 43 of Act No. 108/2007, on Securities Transactions. The minimum offer price in the sale process was ISK 41.90 per share in Eyrir Invest.
Landsbankinn accepted four out of five offers for a total of 91,509,035 shares in Eyrir Invest. All shares were sold at the same rate of ISK 42.845 per share. The offer that did not meet the reference rate was rejected. The selling price of the shareholding amounts to ISK 3.9 billion.
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.
News and Notifications - 24 April 2020 06:00 PM
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.
News and Notifications - 22 April 2020 03:03 PM
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.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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