BankNordik is a strong and profitable banking and insurance group in the Nordic region, founded in 1906 in the Faroe Islands.
Today, the Group provides financial services to 180,000 individual, commercial and corporate customers, activities encompassing
· banking, pension and insurance in the Faroe Islands,
· banking and pension in Denmark and Greenland, and
· insurance in Iceland.
Besides the overarching BankNordik brand the Group operates insurance activities under the brands Trygd (Faroe Islands) and Vörður (Iceland) as well as Faroese real estate brokerage under the brand of Skyn.
As a trusted financial partner through more than 100 years BankNordik’s hallmark has been its close relationship with the customers, its strong local commitment and its tight credit control. The Group aims to be recognized as competent, committed, and proactive in every aspect and activity. These values form the backbone of all interaction with customers, shareholders, employees and other stakeholders and support BankNordik’s financial objective: Generation of value to its diversified group of shareholders.
The BankNordik Group has 600 employees. It is incorporated in the Faroe Islands and is listed on NASDAQ OMX.
After acquisitive expansion during 2010 and 2011 of its banking activities in Denmark and Greenland, a key management focus point is the efficient integration of the new activities, attaining synergies and winning new market shares based on the significantly wider presence and a proven business model.