LANDSBANKI ISLANDS

Landsbanki (Icelandic pronunciation: [ˈlan(t)sˌpauŋcɪ], lit. 'National Bank'), also commonly known as Landsbankinn ([ˈlan(t)sˌpauŋcɪn], lit. 'The National Bank') was one of the largest Icelandic commercial banks; it failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, the Icelandic Financial Supervisory Authority took control of Landsbanki and created a new bank for all the domestic operations called Nýi Landsbanki (New Landsbanki) and the bank continued to operate under the same name.[2]

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LANDSBANKI ISLANDS SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Finland
HELSINKI
/
2
Finland
HELSINKI
/
  • Total: 2
  • 1

About LANDSBANKI ISLANDS

  • Company type
    Private (2003–2008) Government-owned corporation (prior to 2003)
  • Industry
    Banking
  • Founded
    Reykjavík , Iceland , 1885 (commenced operations on 1 July 1886)
  • Headquarters
    Reykjavík , Iceland
  • Key people
    Björgólfur Guðmundsson ( Chairman of the board ) , Halldór J. Kristjánsson ( co-CEO ) , Sigurjón Þ. Arnason ( co-CEO )
  • Number of employees
    2,770 (2007) [ 1 ]
  • Website
    landsbanki.is

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does LANDSBANKI ISLANDS have different SWIFT Codes?

LANDSBANKI ISLANDS operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process LANDSBANKI ISLANDS's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of LANDSBANKI ISLANDS to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of LANDSBANKI ISLANDS, you can log on to the official website of LANDSBANKI ISLANDS, or search the current page of XTransfer, or call LANDSBANKI ISLANDS to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like LANDSBANKI ISLANDS?

Usually, SWIFT Code consists of 8 or 11 characters. For LANDSBANKI ISLANDS, the first 4 digits represent the bank code, which is the same for LANDSBANKI ISLANDS worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for LANDSBANKI ISLANDS be updated or changed?

Yes. When LANDSBANKI ISLANDS undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where LANDSBANKI ISLANDS is located, its SWIFT Code may be updated and changed. LANDSBANKI ISLANDS will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of LANDSBANKI ISLANDS in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of LANDSBANKI ISLANDS support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of LANDSBANKI ISLANDS supports the corresponding business.