Landsbankinn solidified its position as the largest financial undertaking in Iceland in 2016. The Bank provides individuals, corporations and investors with solid, comprehensive financial services based on long-term business partnerships. Landsbankinn's after-tax profit in 2016 amounted to ISK 16.6 bn as compared with ISK 36.5 bn in 2015, which was the most favourable operating year in the history of the Bank. After-tax ROE in 2016 was 6.6%.
Landsbankinn emphasises being a trusted financial partner to its customers. The Bank practices responsible growth with the aim of benefiting own operations and customers mutually.
Central to the strategy for the years leading up to 2020 is that the Bank shall be exemplary, a trusted financial partner and a dynamic presence in the community. Landsbankinn aims to excel as a service provider and in communications with customers.
This online Annual Report is published subject to reservations regarding possible errors. Should typographical errors, discrepancies or other obvious inconsistencies be discovered, Landsbankinn reserves the right to correct these and to update the online Annual Report accordingly in each instance.
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