Chief Lending Officer salary in Iceland

Average Yearly Salary of Chief Lending Officer in Iceland is approximately 25,723,921 ISK (179,711 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Chief Lending Officer do?

A Chief Lending Officer (CLO) is a high-level executive responsible for overseeing and managing the lending activities of a financial institution. They play a critical role in developing and implementing lending strategies to maximize profitability while minimizing risk. The CLO is responsible for setting lending policies, evaluating loan applications, managing loan portfolios, and ensuring compliance with regulatory requirements. They collaborate with other departments such as credit analysis, underwriting, and collections to ensure efficient loan processing and optimal customer service. Additionally, the CLO monitors market trends, assesses economic conditions, and makes recommendations for adjustments to lending practices. Strong leadership skills, extensive knowledge of lending principles and regulations, and the ability to analyze financial data are essential for success in this role.

Skills: Chief Lending Officer, CLO, lending strategies, risk management, loan portfolio management, regulatory compliance, credit analysis, loan processing
Job industry: Banking

How much does Chief Lending Officer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Chief Lending Officer a well paid job?

Yes, our data show that Chief Lending Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Chief Lending Officer?

High salary for Chief Lending Officer would be somewhere between 28,296,313 ISK and 37,299,685 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chief Lending Officer in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 25,723,921 ISK
Estimated Monthly Salary: 2,143,660 ISK
Estimated Weekly Salary: 494,691 ISK per week
Estimated Hourly Salary: 12,367 ISK per hour
By working as Chief Lending Officer a person can save up to 12,247 USD per month or 146,965 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Chief Lending Officer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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