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Landsbankinn sells 9.2% shareholding in Eyrir Invest

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 - 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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News and Notifications - 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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