Landsbankinn hf. was established on 7 October 2008 but the history of its predecessor dates back to 1886. The bank is owned by the National Treasury of Iceland with a 98.2%. Other shareholders own 1.8% of shares in the bank. Landsbankinn is a universal bank offering a full range of personal and corporate banking products and services.
Landsbankinn hf. is the 1st largest bank in Iceland in terms of total assets. In 2018 its total assets were 1 326,04 bln ISK, providing the bank with the market share of 35.50%. Landsbankinn hf. is the 1st largest commercial bank in Iceland (out of 4 commercial banks) having market share of 35.75% amongst the banks of this category. In 2018 the bank's annual profit was 19 260,00 mln ISK.
Landsbankinn hf. participates in the deposit guarantee scheme of Iceland. This deposit guarantee scheme applies to any credit balance made by natural persons and covers up to up to 1,700,000 ISK per bank per depositor. Landsbankinn hf. is a member of Icelandic Depositors’ and Investors’ Guarantee Fund (TIF) and makes its contributions into it.
Landsbankinn hf. is headquartered in Reykjavík.
Landsbankinn hf. is authorized and supervised by the Central Bank of Iceland.