June 24, 2017 5:56 PM ET

Banks

Company Overview of Landsbankinn hf.

Company Overview

Landsbankinn hf., together with its subsidiaries, provides a range of financial products and services to individuals, corporates, and institutional customers primarily in Iceland. It operates through four segments: Personal Banking, Corporate Banking, Markets, and Treasury. The company offers savings and investment products, including savings accounts, mutual funds, bonds, and stocks; loans and financing products, such as housing, project, and short-term loans, as well as vehicle financing; loyalty programs; debit and credit cards; pension and insurance products; and personal online banking, money transfer, and foreign exchange (FX) services. It also provides corporate online and corporate b...

Austurstræti 11

Reykjavík,  155

Iceland

Founded in 1886

1,000 Employees

Phone:

354 410 4000

Key Executives for Landsbankinn hf.

Chief Executive Officer
Age: 42
Chief Financial Officer and Managing Director of Finance
Age: 43
MD - Operations & Information Technology
Age: 45
Managing Director of Corporate Banking
Age: 46
Managing Director of Personal Banking
Age: 44
Compensation as of Fiscal Year 2016.

Landsbankinn hf. Key Developments

Landsbankinn Hf. Announces the Resignation of Ásta Dís Óladóttir as Alternate Member of the Board of Directors

In an announcement to the Board of Directors on 21 June 2017, Ms. Ásta Dís Óladóttir resigned as alternate Member of the Board of Directors of Landsbankinn hf. The resignation is effective as of 21 June 2017.

Landsbankinn Raises USD 34.4 Million in Private Offering of Bonds Due 2020

Landsbankinn hf has raised SEK 300 million (USD 34.4 million) through an issue of bonds maturing on June 22, 2020, with a 0.75% coupon in a private offering. Danske Bank Group and Groupe SEB S.A. acted as book-runners, while Euroclear Bank SA/NV and Clearstream Banking SA acted as depository for the transaction. Concurrently, Landsbankinn has raised SEK 700 million (USD 80.27 million) through an issue of bonds maturing on June 22, 2020 with a floating rate coupon of Stockholm interbank offered rate (STIBOR) +1%.

Ragnhildur Geirsdóttir to Resign as Managing Director of Operations & IT of Landsbankinn

Ragnhildur Geirsdóttir, Managing Director of Operations & IT at Landsbankinn, has resigned her position with the Bank and will step down in the next couple of weeks. Ragnhildur has held the post of Managing Director at Landsbankinn since 2012 and has led numerous large projects for the Bank.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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