Landsbankinn's Community Fund is key to the Bank's contribution to the community. In 2016, three types of grants were awarded: scholarships in the amount of ISK 6 million, environmental grants in the amount of ISK 5 million and community grants in the amount of ISK 15 million - a total of ISK 26 million.
Landsbankinn's support for the community has been well established in recent years. Emphasis is placed on ensuring varied support and that the Bank's contributions benefit as many as possible. The Bank has set itself the rule that judging panels shall be to a majority comprised of experts in each field and that the application process for grants is well established and clear to ensure that the Bank's customers and all Icelanders have equal opportunities to apply.
Volunteerism and advise
Landsbankinn endeavours to increase direct participation by employees in the community, through such ventures as advisory service and volunteerism during working hours. Landsbankinn has also volunteered expert employees to ventures having to do with finance and innovation. Landsbankinn employees have held seats on judging panels, including for Gulleggið, the innovation competition of Icelandic Startups, which the Bank sponsors.
Landsbankinn actively participates in financial education programme Fjármálavit, hosted by the Icelandic Financial Services Association and its members. The aim is to instruct 10th grade students in all elementary schools in Iceland in the basics of household finances and inspire teaching about financial matters.