BankNordik
| Industry | Financial services |
|---|---|
| Founded | 1906 |
| Headquarters | Tórshavn, Faroe Islands |
|
Key people
|
Stine Bosse (Chairman) |
| Products | Banking, insurance |
| Profit |
 (DKK 227 million) (2016)
|
| Total assets | DKK 15.5 billion(2016) |
| Total equity | DKK 1.9 billion (2016) |
|
Number of employees
|
415 (FTE, 2009) |
| Website | [1] |
BankNordik is a financial services company that provides banking and insurance solutions in Iceland, Denmark, Faroe Islands and Greenland. The Faeroese-based bank was previously known as Føroya Banki but after acquiring assets abroad, a new name was chosen to reflect it's new market reach. It is one of the two full service banking firms in Faroe Islands
The bank's services covers 40% of the market share in Faroe Island. In recent years, the bank has scaled bank its geographic operations with the sale of its banking assets in Denmark and its stake in Icelandic insurer Vorour Tryggingar.
Over the years, BankNordik has acquired similar assets while also divesting from some markets.
...
Wikipedia