BankNordik

BankNordik
IndustryFinancial services
Founded1906 (1906)
HeadquartersTórshavn, Faroe Islands
Key peopleStine Bosse (Chairman)
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

Føroya Banki (English: Bank of the Faroe Islands) is a Faroe Islands-based financial services company that provides banking and insurance services. It also provides some services in Greenland as Bankivik. It is one of the two full-service banking firms in the Faroe Islands. The bank's services cover 40% of the market share in the Faroe Islands.

History

It was founded as Føroya Banki in 1906. In February 2010 it acquired twelve branches of Sparbank in Denmark and Greenland (two branches in the latter). It then changed its name to BankNordik to reflect its new market reach. In 2011 the bank acquired some assets of Amagerbanken. It sold its Danish business in 2021 and changed its name back to Føroya Banki in March 2024. It renamed its Greenlandic business to Bankivik in November 2024.

See also

References

  1. ↑ "Annual report" (PDF). Archived from the original (PDF) on 2018-01-03. Retrieved 2017-05-06.
  2. ↑ "Moody's Investors Services: Global Credit Research" (PDF). euroinvestor.dk. Moody's. Archived from the original (PDF) on 2017-09-14. Retrieved 2017-05-06.
  3. ↑ "History". Føroya Banki. Retrieved 8 May 2025.
  4. 1 2 3 "Foroya Bank to become BankNordik". Nordic Business Report (M2). Mar. 17, 2010
  5. ↑ "BankNordik changing name to Føroya Banki". Nasdaq. 15 March 2024. Retrieved 8 May 2025.
  6. ↑ "Føroya Banki's Greenlandic business changes name to Bankivik". Finansavisen. 26 November 2024. Retrieved 8 May 2025.