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Icelandic State
Treasury acquired 16.67% of Landsskil's shares and thus the Treasury owned 98% of the shares while Landsbankinn received 2% of own shares, or 500 million shares. The Bank received the shares from LBI hf. with the obligation to allocate them to employees. In September 2013, 317 million own shares were allocated to employees, of which employees received 119 million shares and 198 million of own shares were repurchased by the Bank for settlement of tax obligations and pension liabilities. The allocation of the remainder of the own shares was completed in February 2014. In 2022 the Icelandic State Treasury owned 98.2% of the shares, the bank owned 1.6% and the remainder were owned by less than 900 other investors.
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two days earlier and decided to split all domestic operations into this new surviving version of the bank, while leaving the remaining foreign operations of
Landsbanki for bankruptcy and winding-up proceedings. The total assets value declined roughly to a third for the new bank, when comparing to the
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and the history of its predecessor goes back to 1885. In 2022 the bank had 35 branches around
Iceland. The bank has around 39% market share in the retail market and around 34% in the corporate banking market (2022). In recent years, the bank has faced criticism for shutting down and reducing the
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In April 2011, the legal name was changed from NBI hf. to
Landsbankinn hf. The bank has been mostly state owned since its establishment. In December 2009, the Icelandic State Treasury owned 81.33% of the shares and the remaining 18.67% of the shares were owned by (Landsskil). In April 2013, the
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previous size for the old version of the bank. The number of employees were also reduced from 2770 in 2007, to only 1233 in 2012.
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NBI hf. was created 9 October 2008, after the government had taken control of the insolvent
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451:"Íslensku bankarnir hagræddu og fengu skattalækkun en stungu ávinningnum í vasann"
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opening hours of several of its branches in smaller towns throughout
Iceland.
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344:(literally "the National bank"), originally NBI hf., is an Icelandic
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497:, Reykjavík, 29 March 2015. Retrieved on 15 February 2018.
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449:Júlíusson, Þórður Snær (29 August 2023).
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358:2008–2011 Icelandic financial crisis
297:Icelandic State Treasury (98,2%),
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428:"Eignarhald á Landsbankanum hf"
573:2008 establishments in Iceland
430:(in Icelandic). 9 January 2020
301:(1,6%), Other investors (0,2%)
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96:(history traces back to 1885)
568:Companies based in Reykjavík
360:. It is the largest bank in
63:Government-owned corporation
53:Government-owned corporation
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489:Landsbankinn – Ownership.
288:ISK 282,645 billion (2021)
251:ISK 28,9191 billion (2021)
563:Banks established in 2008
269:ISK 1.729 trillion (2021)
234:ISK 62,330 billion (2021)
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408:List of banks in Iceland
356:which failed during the
174:Helga Björk Eiríksdóttir
164:Lilja Björk Einarsdóttir
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518:at Wikimedia Commons
307:Number of employees
121:Number of locations
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514:Media related to
348:headquartered in
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211:wealth management
195:corporate banking
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16:(Redirected from
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505:External links
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477:"Landsbankinn"
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538:(in English)
516:Landsbankinn
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495:Landsbankinn
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461:10 September
459:. Retrieved
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432:. Retrieved
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400:Banks portal
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342:Landsbankinn
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277:Total equity
258:Total assets
215:credit cards
102:Headquarters
49:Company type
543:Mobile site
491:"Ownership"
457:. Heimildin
148:Area served
80:Predecessor
60:(2003–2008)
55:(from 2008)
552:Categories
414:References
375:Landsbanki
354:Landsbanki
311:About 800
299:Landsbanki
241:Net income
160:Key people
84:Landsbanki
455:Heimildin
434:9 January
350:Reykjavík
107:Reykjavík
386:See also
187:Products
179:Chairman
130:branches
70:Industry
369:History
362:Iceland
319:Website
153:Iceland
113:Iceland
90:Founded
74:Banking
58:Private
313:(2022)
139:(2023)
132:(2023)
294:Owner
463:2023
436:2020
346:bank
137:ATMs
328:.is
324:www
169:CEO
135:62
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.