BNORDIK BankNordik P/F

Annual general meeting of BankNordik 2019

Annual general meeting of BankNordik 2019



Company announcement no. 13/2019



BankNordik will hold its annual general meeting on Thursday, 21 March 2019 at 5.00pm GMT at the Bank’s headoffice, Oknarvegur 5, Tórshavn, Faroe Islands. The agenda including exhibit regarding Board of Directors candidates, is attatched to this announcement.



For further information, please see the bank's webpage





For additional information, please contact:

Árni Ellefsen, CEO, tel. (+298) 230 348





BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands. Founded in the Faroe Islands more than a century ago, the Group has total assets of DKK 16.7bn and 393 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.



Attachments

EN
28/02/2019

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Reports on BankNordik P/F

Rasmus Vendelboe Jakobsen
  • Rasmus Vendelboe Jakobsen

BankNordik - Another stable quarter apart from investments

Investment portfolio earnings the only disturbance… …in another solid quarter from BankNordik Mid-range net profit expected despite investment losses

Rasmus Vendelboe Jakobsen
  • Rasmus Vendelboe Jakobsen

BankNordik - Net profit miss but core operations are solid

Losses on bond portfolio behind net profit… … as indicated in net profit downgrade in October Core operations remain solid despite low NII effect in Q3

Rasmus Vendelboe Jakobsen
  • Rasmus Vendelboe Jakobsen

BankNordik - Market value adjustments behind PW

New net profit guidance DKK 140m-170m (160m-190m) Our expected rate path implies ‘23e income of DKK 509m ‘24e adj. P/E of 5.1x is well below peers

Rasmus Vendelboe Jakobsen
  • Rasmus Vendelboe Jakobsen

BankNordik - ABGSC’s DK small/mid-cap seminar feedback

Incoming CEO presented at today’s Copenhagen seminar Gas independence strengthens asset quality Positive outlook for continued growth in Greenland

Rasmus Vendelboe Jakobsen
  • Rasmus Vendelboe Jakobsen

BankNordik - Insurance and loan loss reversals stand out

Profit before tax at DKK 54m, 8% above ABGSCe Growth in Greenland on track Strong quarter on insurance despite investment losses

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