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Annual Report 2025
The year 2025 was eventful in the Bank’s operation, both in terms of service innovations, digital advancement and successful funding. Customer satisfaction comes first at Landsbankinn and we are extremely gratified to see that satisfaction with our services is high and growing. Our aim is to have a positive impact on Icelandic society and for the Bank’s sound operation to return permanent value for customers and shareholders for the future.
Customers with Smart Savings
Aukakrónur collected
Visits to the app
Lending to corporates
Assets under management
Total assets
Insurance in the app
We incorporated insurance in the app and customers can now collect Aukakrónur when paying for insurance with TM.
of retail customers regularly use Landsbankinn’s app
With robust security and an effective fraud hotline, customer losses were prevented in 75% of cases
Achieved a 25% market share
Landsbankinn's merchant acquiring service was launched in 2023 and has grown to hold a 25% share in the market. Rapid growth reflects the capacity to successfully enter new service segments.
of residential mortgages are granted digitally
of international funding is green
"The Bank’s balance sheet is strong and its credit rating is solid. As a result, the Bank is able to support both large corporations undertaking substantial investments and small and medium-sized enterprises requiring more modest financing. The Bank’s position as the leading domestic corporate bank is clearly reflected in its books."
"Landsbankinn’s purpose is to be a trusted bank for the future. This means that the Bank's operation is robust, secure and efficient and that it is soundly positioned for the long term. In this way, we are strongly placed to support our customers and are a good investment for shareholders."
The profit of Landsbankinn in 2025 was ISK 38 billion after taxes, compared with ISK 37.5 billion in 2024. After-tax return on equity for 2025 was 11.6%, compared with 12.1% the previous year.
Profit (ISKbn)
Return on equity
Total capital ratio
We are a leader in sustainability and an active participant in debate on financial matters. We contribute to the development and advancement of society in various ways.
We offer first-rate digital solutions, while also providing customers with personal service and advice both through our strong Customer Service Centre and in branches across the country.
We continued to enhance the quality and security of the Bank’s digital services. A new corporate online banking platform was launched and the app elevated even further.