Føroya Banki/DKr FOBANK

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About Føroya Banki

Føroya Banki, commonly referred to as BankNordik, is a financial institution headquartered in Torshavn, Faroe Islands. The bank primarily operates in the financial services industry, offering a range of banking products including retail banking, corporate banking, and insurance services. Founded in 1906, it has a significant presence in the Faroe Islands, Greenland, and Iceland. Its strategic positioning revolves around deep-rooted local knowledge and a focus on providing tailored financial solutions to its customers. The bank's regional focus allows it to leverage localized expertise, distinguishing it from larger, more generalized entities in the Nordic financial market.
Ticker
DKr FOBANK
Sector
Finance
Primary listing
CSE
Employees
201
Headquarters
Tórshavn, Denmark
Website
www.bankin.fo

Føroya Banki Metrics

BasicAdvanced
kr 2.7B
10.34
kr 27.13
0.37
kr 21.04
7.50%

Bulls say / Bears say

The core franchise is still growing. First-half business volume rose 7% year on year, with second-quarter deposits up 3% and assets under management up 8%, while management maintained its DKK 195m–235m full-year profit outlook. (Føroya Banki, Inderes)
Credit quality and solvency provide a strong buffer. The bank reported low impairments, a 25.6% CET1 ratio and 274% liquidity coverage at the end of June, reducing the immediate risk from weaker economic conditions. (Quartr, Føroya Banki)
Revenue is becoming less dependent on lending spreads. First-half fee and commission income rose 11% year on year, and the insurance business remained profitable with an 85.6% combined ratio, supporting the group’s diversified model. (Inderes, Quartr)
Underlying earnings have weakened: first-half net profit fell to DKK 125m from DKK 154m a year earlier, while second-quarter profit dropped 25.8% year on year. The bank also guides to DKK 195m–235m for 2026, well below its DKK 288.3m result in 2025. (Inderes, Inderes)
Cost and margin pressure could limit the recovery. First-half net interest income fell 4% year on year, operating costs rose 6%, and the second-quarter cost-to-income ratio reached 57.3%, above the bank’s target. (Quartr, Inderes)
Profit remains exposed to volatile non-core income. The insurance result fell 24% year on year because of higher claims, while portfolio returns were an important driver of second-quarter profit; management still flags rates, investments, impairments, insurance and geopolitics as risks. (Quartr, Inderes)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.