Governance and Organisation

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Governance and Organisation


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)

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From the Chairman of the Board and the CEO


"Landsbankinn has made concerted efforts to improve customer service and at the same time taken steps to strengthen core operations."

- Helga Björk Eiríksdóttir, Chairman of the Board of Directors.

"Our market share in the retail market has never been higher and the Bank's position in the corporate market and on financial markets remains strong."

- Hreiðar Bjarnason, interim CEO.

Read the addresses

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Board of Directors and Executive Board


The Board of Landsbankinn is comprised of seven Directors. The Board of Directors is elected at the Bank's AGM and has ultimate authority in all questions between shareholders’ meetings. The Bank's Executive Board was comprised of six individuals at year-end 2016.

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Strategy and Governance


Since the beginning of 2015, the Bank has worked to implement its new and ambitious strategy for the years leading up to 2020. The results have not been long in coming.

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Highlights of the year


Landsbankinn's position continued to strengthen in 2016. Important milestones were reached in financing on international markets, Standard and Poor's raised the Bank's credit rating to BBB/A-2 with a positive outlook and the Bank paid ISK 28.5 bn in dividend.

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