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New company at Introduce - BankNordik

08:20 / 4 februari 2020 Article

Today ABG Sundal Collier sponsored research initiates coverage of BankNordik. Read the full report here!

BankNordik - A Faroe-based Northatlantic bank

BankNordik is headquartered in the Faroe Islands. It holds between 40% and 50% of the market. The bank also has smaller operations in Denmark and Greenland. It operates its own non-life insurance company in the Faroe Islands. BankNordik’s dividend policy is to pay out 20-40% of net profits while it targets a CET1 ratio of 18.5%.