BankNordik
Financial services company
From Wikipedia, the free encyclopedia
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.[2]
| Industry | Financial services |
|---|---|
| Founded | 1906 |
| Headquarters | Tórshavn, Faroe Islands |
Key people | Stine Bosse (Chairman)[1] |
| Products | Banking, insurance |
 (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 | www |
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).[3] It then changed its name to BankNordik to reflect its new market reach.[4] In 2011 the bank acquired some assets of Amagerbanken.[4] It sold its Danish business in 2021[4] and changed its name back to Føroya Banki in March 2024.[5] It renamed its Greenlandic business to Bankivik in November 2024.[6]
