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Landsbankinn hf.: Landsbankinn's results for the first half of 2025

Landsbankinn's profit in the first half of 2025 amounted to ISK 18.3 billion after tax, ISK 10.4 billion thereof in the second quarter. 

Annualised ROE was 11.5% as compared with 10.5% for the same period the previous year. 

The net interest margin as a ratio of average total asset position was 2.9% and the net interest margin of domestic households was 2.1% during the period. 

Net interest income amounted to ISK 32.5 billion and net fee and commission income was ISK 6.2 billion.  

TM's performance in the period 28 February to 30 June 2025 from insurance contracts was ISK 925 million, thereof ISK 655 million in the second quarter. The combined ratio of TM, 93.2%, is the combined claims ratio, cost-income ratio and reinsurance ratio calculated based on income from insurance contracts in the first half of 2025. 

The cost-income ratio was 35.8%, compared with 33.1% for the same period of 2024. 

The total capital ratio was 24.0% at the end of the period. The Financial Supervisory Authority (FSA) of the Central Bank of Iceland sets the total capital requirement at 20.4%. 

In February, the Bank finalised the sale of Additional Tier 1 securities (AT1) in the amount of USD 100 million. This was the Bank's inaugural AT1 issuance. The Bank also issued senior non-preferred bonds in the amount of NOK 500 million and SEK 1,300 million. There was considerable over-demand for the bonds. 

The Bank's AGM on 19 March 2025 approved payment of a dividend of ...