Core Viewpoint - Landsbankinn reported strong performance in the first nine months of 2025, with significant growth in young customer engagement and a solid financial standing despite a challenging economic environment [1][5]. Financial Performance - After-tax profit for the first nine months of 2025 was ISK 29.5 billion, with ISK 11.1 billion earned in the third quarter [5]. - Return on equity (ROE) increased to 12.2%, up from 11.7% in the same period last year [5]. - The net interest margin was 2.9% of average total assets, with net interest income at ISK 49.4 billion and net fee and commission income at ISK 9.2 billion [5]. - The cost-income ratio was 33.2%, slightly higher than 32.3% for the same period in 2024 [5]. - The total capital ratio stood at 24.0%, exceeding the Financial Supervisory Authority's requirement of 20.4% [5]. Customer Engagement - Young customers aged 18-24 trading in Landsbréf funds increased by 45% compared to the previous year [5]. - There was a 31% growth in young customers entrusting the Bank with their supplementary pension savings [5]. Corporate Actions - Landsbankinn sold properties at Austurstræti 11 and connected buildings for ISK 2.85 billion, marking a significant milestone in the Bank's history [3][5]. - The Bank has reduced its square meter footprint by approximately 40% in recent years [3]. Market Position - Landsbankinn remains the largest lender in the housing loan market, focusing on competitive terms for housing mortgages [2]. - The Bank is reviewing terms on variable interest rates for new housing mortgage loans following a Supreme Court ruling [2].

Core Viewpoint - Landsbankinn's strong half-year results indicate a solid position, with improvements in customer satisfaction and stable operations despite market volatility impacting investment returns [1] Financial Performance - The profit for the first half of 2025 was ISK 18.3 billion after tax, with ISK 10.4 billion in the second quarter [6] - Annualized Return on Equity (ROE) was 11.5%, up from 10.5% in the previous year [6] - Net interest income reached ISK 32.5 billion, while net fee and commission income was ISK 6.2 billion [6] - The net interest margin was 2.9% for total assets and 2.1% for domestic households [6] - The total capital ratio stood at 24.0%, exceeding the Financial Supervisory Authority's requirement of 20.4% [6] Market Activity - There has been a slowdown in mortgage lending, with reduced demand for non-indexed mortgages, while corporate lending has shown steady growth [2] - The bank successfully issued EUR 300 million in green bonds, marking all euro-denominated bond issues as green following a credit rating upgrade [2][6] Strategic Developments - The integration of TM into the Landsbankinn group is progressing well, with a focus on increasing TM's market share in the insurance sector [3] - The bank is emphasizing careful and professional management of the sale of historic properties in the city center [4] Credit Rating and Dividends - S&P Global Ratings upgraded the bank's credit rating from BBB+ to A-, the highest since 2014 [6] - The bank's AGM approved a dividend payment of ISK 18.9 million, bringing total dividends paid since 2013 to ISK 210.6 billion by year-end [6]