Landsbankinn launches share repurchase program through March 13

Landsbankinn hf. announced in Reykjavik that it will repurchase up to 48 million of its own shares, representing 0.2% of issued share capital, following authorization granted at the bank's annual general meeting on March 19, 2025. This share repurchase program represents a significant financial strategy by one of Iceland's largest banks, indicating the institution's confidence in its current financial position and future prospects. By implementing this buyback program, Landsbankinn aims to potentially enhance shareholder value through the reduction of outstanding shares and may signal that management believes the stock is undervalued in the current market. The move comes as part of the bank's ongoing capital management strategies, which have become increasingly important in the competitive Icelandic banking sector where institutions continuously seek ways to optimize their financial structures and returns for investors.