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 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.
Landsbankinn hf. participates in deposit guarantee scheme of Iceland. This scheme covers accounts up to 1 700 000 ISK per bank per depositor.
Landsbankinn hf. is headquartered in Reykjavík.
|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.
Chart 1. Total Assets of Landsbankinn hf..
Recent changes in total assets of Landsbankinn hf. and its main components are shown in Table 1.
|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.
|Total Liabilities||1 111.2||1 192.9||+7.35%|
|Table 2. Recent changes in total liabilities of Landsbankinn hf. (bln ISK).|
|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.
Chart 2. Annual Profit of Landsbankinn hf..
|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|
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.
|Bank BIC Code||NBII|
|Country Code||IS (Iceland)|
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.