BankNordik

BankNordik is a Faroe Islands-based financial services company that provides banking and insurance services. It also provides some services in Denmark and Greenland. The Faeroese bank was previously known as Føroya Banki but after acquiring assets abroad, a new name was chosen to reflect its new market reach.[2] It is one of the two full-service banking firms in the Faroe Islands.

BankNordik P/F
IndustryFinancial services
Founded1906 (1906)
HeadquartersTórshavn, Faroe Islands
Key people
Stine Bosse (Chairman)[1]
ProductsBanking, insurance
Increase (DKK 227 million) (2016)
Total assetsDKK 15.5 billion(2016)
Total equityDKK 1.9 billion (2016)
Number of employees
415 (FTE, 2009)
Websitewww.banknordik.com

The bank's services cover 40% of the market share in the Faroe Islands.[3]

Mergers and acquisitionsEdit

Over the years BankNordik has acquired similar assets while also divesting from some markets.

  • In February 2010 it acquired 12 branches of Sparbank in Greenland.
  • In 2011 the bank acquired some assets of Amagerbanken.

ReferencesEdit

  1. ^ "Annual report" (PDF). Archived from the original (PDF) on 2018-01-03. Retrieved 2017-05-06.
  2. ^ Foroya Bank to become BankNordik. Nordic Business Report (M2). Mar. 17, 2010
  3. ^ "Moody's Investors Services: Global Credit Research" (PDF). euroinvestor.dk/. Moody's.

External linksEdit