News


19.05.2020

SCHEDULED PAYMENT ON 15 JUNE 2020

Pursuant to 9.1 (d) of the Conditions LBI hereby confirms, as the Euro Equivalent Available Cash, as determined on a Determination Date in respect of a Payment Date, is lower than the Distribution Threshold, LBI has decided not to make a payment of principal to the Bondholders on 15 June 2020 and to postpone such payment of principal until the scheduled Payment Date on 15 December 2020 unless postponed further.

Read More
30.04.2020

LBI'S MANAGEMENT ACCOUNTS FOR Q1 2020

LBI’s Management Accounts for Q1 2020 and investor call presentation have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Wednesday 6 May 2020 at 14:00 (GMT), 15:00 London (BST) and 10:00 New York time (EST).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending email to ir@lbi.is at the latest before 18:00 (GMT), 19:00 London (BST) and 14:00 New York time (EST) on Tuesday 5 May 2020.

Read More
15.04.2020

ANNUAL GENERAL MEETING OF LBI EHF. - 30 APRIL 2020

In accordance with Art. 17.1 of LBI's ehf. Articles of Association the Annual General Meeting of LBI ehf., reg. no. 540291-2259, will be held at LBI's ehf. registered offices at Ármúli 21, 108 Reykjavík, on 30 April 2020. The meeting will commence at 10 AM.

Read More
21.02.2020

LBI'S FINANCIAL STATEMENTS FOR 2019

LBI’s Financial Statements 2019 and investor call presentation have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Thursday 27 February 2020 at 14:00 (GMT) London and 9:00 New York time (EST).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending email to ir@lbi.is at the latest before 18:00 (GMT) London and 13:00 New York time (EST) on Wednesday 26 February 2020.

Read More
31.01.2020

RULING BY THE PARIS COURT OF APPEAL

On 31 January 2020, the Paris Court of Appeal rendered its decision in the context of the prosecution for fraud against Landsbanki Luxembourg S.A. (in liquidation) and some of its former managers, employees and advisers concerning equity release loans granted prior to the 2008 financial crisis.

The Court upheld the judgment of the Paris criminal court of 28 August 2017, therefore acquitting all the accused parties and dismissing all the borrowers' claims for damages.

Under certain conditions, a judicial review of this decision may be filed before the French Court of cassation.

Read More