Community support

We participate in various projects that encourage development and progress in society and strive to throw our weight behind different projects and associations around the country. We want our contribution to be dynamic by being a trusted partner for a number of years and then moving on to a new initiative. We look to supporting both sports, culture and the arts, in addition to charities and education. We publish an extensive selection of content on the economy and focus on education and debate about finances. 

Stelpur úti í náttúru

Funds and grants

We have established funds to support projects that we consider likely to enrich Icelandic society for the future. Special judging panels, made up of experts in each field, many of who are independent of the Bank, review the applications and the application process is both transparent and professional. 


Community Fund and scholarships

Landsbankinn's Community Fund is key to our support for the community. In 2023, scholarships were awarded in the amount of ISK 6 million and community grants in the amount of ISK 15 million - a total of ISK 21 million. Since 2011, 466 projects have received grants from the Community Fund in the total amount of ISK 225 million. Community grants are intended as support for projects, including by humanitarian and charitable organisations, projects in the fields of education, research and science, projects connected to culture and the arts, preventative measures and youth activities, and environmental and nature conservation. 

Sustainability Fund

Seven interesting projects were awarded grants from Landsbankinn’s Sustainability Fund in the total amount of ISK 10 million. The projects share the common factor of having a positive impact on the environment and contributing to growing sustainability in industry and the community. The allocation process has a special focus on the energy transition and supports the UN Sustainable Development Goals no. 13, on climate action, and no. 9, on industry, innovation and infrastructure. 

Culture and the arts 

Providing support for a wide array of cultural events, festivals and musicians allows the Bank to combine social responsibility and its endeavour to actively promote art and culture in Iceland. 



In 2023, Landsbankinn became a sponsor of DesignMarch to enhance our support for innovation and the arts even further. We participated in various ways, such as by hosting events at our new headquarters at Reykjastræti. Before the festival began, we visited eight designers and created videos to that give an insight into their work. 

Reykjavík Pride 

We support the campaign for LGBTQIA+ rights and Landsbankinn has been a proud sponsor of Reykjavík Pride since its inception. This year, fifteen entries receive grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn which provides financial support to individuals and smaller groups who participate in the Pride Parade. 

Reykjavík Culture Night 

We have been an active participant in Reykjavík Cultural Night from the beginning and sponsor the festival. We have focused on ensuring that financial support directly benefits artists and groups organising events for Reykjavík Cultural Night. Our Reykjavík Culture Night Fund, a collaboration with Höfuðborgarstofa, supports original and special ideas. In 2023, 22 exciting projects received grants from the Culture Night Fund of Landsbankinn and Reykjavík. 

The Árni Magnússon Institute 

We support the project “In the footsteps of Árni Magnússon in the New World”. The project sets out to record manuscripts in public and private collections in both Canada and the US in a database on the website The database ensures scholarly access to information about Icelandic manuscripts in the New World and provides new options to undertake comparative studies. 

Aldrei fór ég suður festival 

Landsbankinn is one of the main sponsors of rock festival Aldrei fór ég suður, held in Ísafjörður around Easter. Landsbankinn has supported the festival since 2010 as part of our efforts to actively foster the grassroots music scene in Iceland. 

Innovation and education 

We publish several educational and informative articles on private finances to our website, Umræðan. In these articles, the Bank’s experts discuss various topics related to finances and offer good advice in line with our strategy to have a positive impact on Icelandic society. These articles are aimed at various age groups and focus on different life events.  In the choice of topic, we focus on current events and economic conditions.

Gullegið 2023

Among the articles we published in 2023, “What does it cost to take short-term loans and spread payments?”, “Higher debt service - what are my options?” and “Inflation, inflation, inflation - some key facts”. 

Financial instruction 

We are happy to participate in financial education and in promoting financial literacy. We focus on financial instruction at upper secondary school level, with the aim of boosting students’ financial literacy. This instruction is available to all upper secondary schools and is carried out in collaboration with the schools' representatives. 

We are also an active participant in the project Fjármálavit, which is educational material in financial literacy for older elementary school students. The project is under the auspices of the Icelandic Financial Services Association and the National Association of Pension Funds in collaboration with members. 

Gulleggið innovation competition 

We sponsor Gulleggið, an annual innovation competition hosted by Klak. The key goal of the competition is to create a platform for entrepreneurs to practice and gain experience of shaping new business ideas and operating a company. As part of the competition, participants are offered courses, advice and specialist assistance with everything from shaping a business idea to budgeting to communication with investors. 

Future Programmers 

The Future Programmers Fund is social initiative to promote and increase interest in programming and effective use of equipment in domestic schools. The Fund provides financial support for schools to provide teachers with programming and technical education, for the purchase of smaller equipment for teaching purposes and donates used computer hardware. Landsbankinn is one of the Fund's patrons. 

Sports and youth activities 

We are very interested in promoting sports and youth activities throughout Iceland. The Bank’s branches do so through direct partnership agreements with sports clubs and organisations in their local communities and we partner with various associations that operate across Iceland. We focus on support for children and youth activities in such partnerships. 


Skólahreysti - Fit for School 

We are the main sponsor of Skólahreysti, a sports tournament for elementary schools, and an active supporter of the competition. The aim of Skólahreysti is to encourage kids to participate in a comprehensive sports experience based on the tenets of physical education. The competition was held for the 19th time in 2023. We got to see four new national records and in the end, Heiðarskóli emerged victorious after exciting finals in Laugardalshöll. 

Chess tournament Friðriksmót 

The country’s strongest rapid chess tournament, Landsbankinn’s Friðriksmót – the Icelandic rapid chess tournament – was held at the Bank’s headquarters at Reykjastræti in December. This was the 20th Friðriksmót jointly organised by Landsbankinn and the Icelandic Chess Federation in honour of Friðrik Ólafsson, Iceland’s first Grandmaster. 

Football Association of Iceland 

We sponsor the Football Association of Iceland (KSÍ). Landsbankinn provides financial support for development of Icelandic football country-wide, for all youth national teams and the A-level men's and women's teams. 

In recent years, Landsbankinn and KSÍ have presented a new award to players in the junior leagues throughout Iceland, the Politeness Prize. This prize is intended to encourage honourable conduct and decorum in players and others involved in matches. 

Collaboration with institutions 

Landsbankinn’s strong collaborative efforts with Icelandic industry aim to promote value creation, competition and improve daily life. 

Icelandic Student Services and the University of Iceland Student Council 

We have collaborated successfully with both Félagsstofnun stúdenta and the University of Iceland Student Council. Together, we have worked on various initiatives and hosted joint events.

Svanni - Women's Loan Guarantee Fund 

We support Svanni - Women's Loan Guarantee Fund. Svanni issues guaranteed loans to companies that are majority-owned by women. The purpose of the Fund is to boost industry and encourage innovation. Svanni has for many years partnered with Landsbankinn as a credit institution.  

Háskólasjóður Eimskipafélagsins fund 

The Board of Directors of Eimskip University Fund awarded ISK 127.5 million in grants to PhD students at the University of Iceland in 2023. The Fund is managed by Landsbankinn. It was created in memory of Icelanders who emigrated to the USA and Canada and aims to support research students at the University of Iceland. While the Board of the Fund determines the amount for allocation each year, grant allocation is coordinated by the Board of Directors of the University of Iceland Research Fund. Since regular allocations from the Fund began in 2006, total allocation amounts to ISK 1.6 billion, ISK 500 million thereof allocated to the construction of Háskólatorg in 2006 and 2007.

Cluster initiative in tourism 

We have participated in a tourism cluster initiative since the project was launched in 2012. Key companies in the travel industry, public entities and companies in tourism support branches or collaborative sectors all join forces in the cluster. Its key goal is to boost competitiveness and value-creation in the travel sector. 

The Fintech Cluster 

We are one of the founding members of the Fintech Cluster, alongside 62 other companies, universities, organisations and other entities. The aim of the Fintech Cluster is to promote innovation in finance and work to improve and facilitate business transactions of all kinds. 


As in previous years, Landsbankinn has made a donation to a good cause in the name of all Exceptional Companies recognised by Creditinfo. This year, the donation of ISK 4 million, goes to Ljónshjarta. 

Research and publications by Economic Research

The Bank’s Economic Research department analyses and publishes content on economic developments. Varied content is published to the Bank’s website and as a podcast, in addition to which the department organises meetings, both in-house and out. The department plays a key role in shaping Landsbankinn's stance on developments and outlook in the economy.

Umræðan - Hlaðvarp

Economic Research published numerous analytical pieces in 2023, both internally and to our website, and the department's economists are visible in media, popular respondents in interviews on economic forecasts, inflation, interest and the real estate market. 

Strong economic analysis and publication

Hagsjá is an e-zine comprised of short articles published 1-3 times per week. The Hagsjá is published to Landsbankinn’s website, to a mail list with an extensive readership and is often the focus of media coverage. The articles discuss the economy, State finances, the real estate market, inflation outlook, tourism and more, analyse newly published statistics and contain forecasts. In Vikubyrjun, a short e-zine published every Monday in both Icelandic and English, Economic Research reviews the past week and discusses the coming week on markets, publication of statistics, financial statements and more. In the past year, the Bank’s economists have also published informative articles on the Bank's website and op-eds for public media.

Podcast on the economy

The financial market, business and industry, and various facets of the economy are the subject of Landsbankinn’s accessible podcast. The topics generally reflect current issues and, in 2023, the podcast has covered the real estate market, the travel sector, interest rates, inflation, public finances and the labour market. The podcast also dove deep into the macroeconomic and inflation forecasts published by Economic Research in April and October. The podcast in intended to boost interest in economic affairs and share information in an accessible manner.

Macroeconomic and inflation forecast

The largest single event on Economic Research's calender in 2023 was the publication and presentation of its macroeconomic and inflation forecast for 2023-2026. The forecast was presented at a well-attended meeting in Harpan Conference Centre, which was also streamed live, and the forecast was published online. Following the presentation of the forecast, Arnaud Marès, Chief European Economist with Citi, addresses the meeting and the event wound up with panel discussions on interest rates and the inflation outlook.

Active in public debate

We continued to be active and visible in public debate. We contribute to discussion about important issues through Landsbankinn’s Sustainability Forum, presentations, articles, publications of the Economic Research department and radio, podcast and TV interviews about the economy, sustainability and more.

Action against cybercrime

We have actively shared information and educated the public about cybersecurity for several years. In 2023, we wrote articles and hosted six popular seminars on cyber security, including in collaboration with the Senior Citizens’ Society of Akureyri, the Icelandic Organization of the Visually Impaired and Búmenn housing co-operative. We also hosted a well-attended seminar about cybersecurity for corporates.

Umræðan in English - the Forum

Landsbankinn’s content and news site is now also available in English as the Forum. Sharing information is one of the best ways to promote financial health and cybersecurity, and we have been an active contributed in that field. By offering accessible material in several languages, we also promote inclusion, embrace diversity and increase awareness about financial matters.


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