important information

About recent banking events

You're no doubt aware that over the past few weeks things have been a little uncertain in the banking world.

In these uncertain times we think it is important that you have the facts to hand so that you can rest assured about the security of the savings you hold with us.



How will the Icelandic government owning 75% of the Icelandic bank Glitnir impact Icesave/Landsbanki?

The quick and decisive action is a compliment to the Government’s strong resolve to strengthen the Icelandic financial system. We view this measure in a positive light and believe it will strengthen the system as a whole.

Over twelve months have passed since the liquidity squeeze first made its mark on world financial markets. The events of past weeks, involving some of the largest financial institutions in the world, will surely be marked in history and most likely change banking as we have known it.

Landsbanki has a sound business model of balanced international operations anchored in its domestic universal banking operations and successful deposit initiatives. Landsbanki’s strong ratio of customer deposits to customer loans was 63% as at 30 June 2008. This is a banking model that will be sustainable in the aftermath of the turmoil now playing out in world financial markets.

Landsbanki’s liquidity remains sound. At 29 September 2008, Landsbanki had liquid assets of EUR 8.0bn, compared to EUR 7.8bn at 30 June 2008.



How does the failure of Lehman Brothers impact Icesave/Landsbanki?

We have no significant exposure to Lehman Brothers and there will be no significant impact to profit.

Als bankiers of politici zeggen: "gaat u maar rustig slapen, er is niets aan de hand", pas dan maar op je tellen, dan is er echt iets aan de hand. Waar rook is.....

Als bankiers of politici zeggen: "gaat u maar rustig slapen, er is niets aan de hand", pas dan maar op je tellen, dan is er echt iets aan de hand. Waar rook is.....