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Regulatory press release

Føroya Banki revises its 2024 net profit guidance upwards

Føroya Banki

19.8.2024 15:44:56 CEST | Føroya Banki | Inside information

Announcement no. 12/2024

Føroya Banki is revising the guidance for the net profit for 2024 from the earlier announced estimate of DKK 225-255m to be in the range DKK 250-280m.

The adjustment is driven by an improved outlook in core operations with growth in both lending and deposit volumes and a solid investment portfolio return. Furthermore, a reasonable level of impairment reflects the general sound credit quality of the bank’s customers.

Further information:
Turið F. Arge, CEO, tel. (+298) 230 678

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