Landsbankinn hf.: Financial results of Landsbankinn for 2022

Provided By Globe Newswire

Last update: Feb 2, 2023

The net profit of Landsbankinn in 2022 was ISK 17.0 billion (2021: ISK 28.9 billion). After-tax return on equity for 2022 was 6.3% (2021: 10.8%).

Net interest income amounted to ISK 46.5 billion in 2022 (2021: ISK 39.0 billion). The net interest margin was 2.7% in 2022 (2021: 2.3%). Landsbankinn's net fee and commission income was ISK 10.6 billion in 2022 (2021: ISK 9.5 billion). Other operating income was negative by ISK 3.8 billion but was positive by ISK 13.9 billion in 2021. Net loss on financial assets and liabilities at fair value was ISK 7,963 million (2021: ISK 5,980 million net gain). A decrease in the fair value of an unlisted shareholding in Eyrir Invest hf., amounting to ISK 10,500 million in 2022 (2021: ISK 2,076 million increase) weights heaviest. Net release of credit impairment was ISK 2.5 billion in 2022 (2021: ISK 7.0 billion).