Governance and Organisation
Fara neðar The governance structure of Landsbankinn forms the foundation for solid relations between shareholders, the Board of Directors, executives, employees and other stakeholders, and encourages objectivity, integrity, transparency and responsibility in the management of the Bank.
Statement on Corporate Governance (pdf)
From the Chairman of the Board and the CEO
"Landsbankinn took advantage of favourable winds in 2017. Good economic conditions in Iceland were reflected in improved customer finances and a stronger position of the Bank."
- Helga Björk Eiríksdóttir, Chairman of the Board of Directors.
"Evolution in banking is not least focused on utilising digital technology and the information the Bank has access to in order to provide customers with the best possible service."
- Lilja Björk Einarsdóttir, CEO.
Read the addresses
Board of Directors and Executive Board
The Board of Directors is elected at the Bank's AGM and has ultimate authority in all questions between shareholders’ meetings. The Executive Board is comprised of the CEO and the managing directors of all divisions.
Strategy and Governance
Around mid-2017, the Bank re-focused its strategy leading up to 2020. Key to these changes is the increased emphasis on developing digital service solutions for customers.
Highlights of the year
Landsbankinn implemented a new deposit and payment system, paid off in full the outstanding amount on bonds issued to LBI ehf., and paid ISK 24.8 bn in dividend. A new CEO was hired and S&P Global Ratings raised the Bank's credit rating to BBB+/A-2 with a stable outlook.