From GlobeNewswire: 2024-05-02 08:25:00

Landsbankinn reported a net profit of ISK 7.2 billion in the first quarter of 2024. The return on equity was 9.3%, with a net interest margin of 2.9% and a cost/income ratio of 33.6%. They also finalized a sale of green bonds and issued Tier 2 bonds. The bank’s credit rating was upgraded by S&P Global Ratings to BBB+/A-2 with a stable outlook in April. Additionally, they announced a dividend payment of ISK 16.5 billion.
CEO of Landsbankinn, Lilja Björk Einarsdóttir, highlighted the Bank’s growth, balance sheet exceeding ISK 2,000 billion, and strong lending activity. She emphasized the successful funding in the quarter and lower profitability due to increased allowances for potential natural disasters. Landsbankinn continues to provide new solutions for customers, including a self-service option for refinancing mortgages and the chatbot, Ellí.
Investor Relations disclosed Landsbankinn’s financial calendar, including Q2 2024 results on July 18, Q3 2024 results on October 23, and Annual results 2024 on January 30, 2025. For further information, contact Public Relations at [email protected] or Investor Relations at [email protected].



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