Landsbankinn hf Wins IFM 2015 Awards

Jul 01, 2015, 05:00 ET from International Finance Magazine

LONDON, July 1, 2015 /PRNewswire/ --

London-based International Finance Magazine has conferred the 2015 awards for 'Best Commercial Bank' and 'Best Internet Bank' in Iceland to Landsbankinn hf. The awards will be presented in London later this year in November.

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Steinthor Palsson, CEO, Landsbankinn hf, on winning the awards said: "We are thankful to International Finance Magazine for the recognition of our efforts over the last few years. We are proud of our strong financial position, our highly skilled and dedicated team of employees and our clear vision for the future. Combined, these factors form the foundation of a strong entity, an ideal partner for doing business in Iceland".                                                                                

After the economic crisis in 2008, Landsbankinn was founded on the failed estate of its predecessor Landsbanki, then one of the largest banks in Iceland. It has been mostly state owned since its establishment. Icelandic State Financial Investments holds 97.9% of shares while the rest is owned by the bank itself and around 1,400 current and former employees.

Landsbankinn is a leading Icelandic financial institution. It offers a full range of financial services and is the market leader in the Icelandic financial service sector with the largest branch network.

Last year, the IFM awards were presented by Lord Sheikh, Baron Sheikh of Cornhill, House of Lords; Sheikh Bilal Khan, UK Catalyst at UKTI and Co-Chairman of Dome Advisory and Peter Meyer, CEO, Middle East Association. Winners came from as far as Australia and Mexico to the awards ceremony in the Jumeirah Carlton Tower in London on November 18 to collect their awards.

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SOURCE International Finance Magazine