Landsbankinn hf.

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.

Bank Category

Commercial banks

Financials

Total Assets (2017)
1 192.87 bln ISK  (+7.35%)
Annual Profit (2017)
19 766.00 mln ISK  (+18.76%)

Landsbankinn hf. is the 1st largest bank in Iceland in terms of total assets. In 2017 its total assets were 1 192,87 bln ISK, providing the bank with the market share of 34.32%. Landsbankinn hf. is the 1st largest commercial bank in Iceland (out of 4 commercial banks) having market share of 34.56% amongst the banks of this category. In 2017 the bank's annual profit was 19 766,00 mln ISK.

Deposit Guarantee

1 700 000 ISK

Landsbankinn hf. participates in deposit guarantee scheme of Iceland. This scheme covers accounts up to 1 700 000 ISK per bank per depositor.

Contacts

Austurstræti 11, 155, Reykjavík, Iceland

Landsbankinn hf. is headquartered in Reykjavík.

Bank Identifiers

BIC (SWIFT)
NBIIISRE
Company Number
471008-0280

Financial Positions

Total Assets (2017)
1 192.87 bln ISK  (+7.35%)
Total Equity (2017)
186.76 bln ISK  (-25.66%)

In 2017 total assets of Landsbankinn hf. were 1 192.87 bln ISK. Growth compared to the previous period (2016) was 7.35%. The evolution of the total assets of Landsbankinn hf. is shown at Chart 1 below.

Total Assets of Landsbankinn hf..

Chart 1. Total Assets of Landsbankinn hf..

Recent changes in total assets of Landsbankinn hf. and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 853.4 925.6 +8.46%
Total Assets 1 111.2 1 192.9 +7.35%
Table 1. Recent changes in total assets of Landsbankinn hf. (bln ISK).

Recent changes in total liabilities of Landsbankinn hf. and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 589.7 605.2 +2.62%
Total Liabilities 1 111.2 1 192.9 +7.35%
Table 2. Recent changes in total liabilities of Landsbankinn hf. (bln ISK).

Profit and Loss

Annual Profit (2017)
19 766.00 mln ISK  (+18.76%)

In 2017 annual profit of Landsbankinn hf. was 19 766.00 mln ISK. Growth compared to the previous period (2016) was 18.76%. The evolution of the annual profit of Landsbankinn hf. is shown at Chart 2 below.

Annual Profit of Landsbankinn hf..

Chart 2. Annual Profit of Landsbankinn hf..

Market Share and Rank (among banks in Iceland)

Total Assets (2017)
1st (market share 34.32%)

In 2017 Landsbankinn hf. was ranked the 1st largest bank in Iceland in terms of total assets, having 34.32% of the domestic market share.

Market share of Landsbankinn hf. (among banks in Iceland)

Chart 3. Market share of Landsbankinn hf. (among banks in Iceland)

Several banks having the market shares and ranks closest to Landsbankinn hf. are shown below.

RankNameTotal AssetsMarket Share
1Landsbankinn hf.1192870.00 mln ISK34.32%
2Arion Bank1147754.00 mln ISK33.02%
3Íslandsbanki hf.1035822.00 mln ISK29.80%
 

Market Share and Rank (among Commercial banks in Iceland)

Total Assets (2017)
1st (market share 34.56%)

In 2017 Landsbankinn hf. was ranked the 1st largest commercial bank in Iceland in terms of total assets, having 34.56% of the category's market share.

Market share of Landsbankinn hf. (among Commercial banks in Iceland)

Chart 4. Market share of Landsbankinn hf. (among Commercial banks in Iceland)

Several commercial banks having the market shares and ranks closest to Landsbankinn hf. are shown below.

RankNameTotal AssetsMarket Share
1Landsbankinn hf.1192870.00 mln ISK34.56%
2Arion Bank1147754.00 mln ISK33.25%
3Íslandsbanki hf.1035822.00 mln ISK30.01%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 1 700 000 ISK per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Iceland are obliged to participate in Icelandic deposit guarantee scheme.

In the case of Landsbankinn hf. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  any credit balance resulting from financial deposits or transfers in normal banking transactions
Maximum Protected Amount  1 700 000 ISK
Paid In Currency  ISK

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Landsbankinn hf. and its components are shown in the table below.

BIC  NBIIISRE
Bank BIC Code  NBII
Country Code  IS (Iceland)
Location Code  RE
Branch Code  -

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  471008-0280