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Last kr157.00 DKK
Change Today +0.50 / 0.32%
Volume 2.0K
BNORDIK On Other Exchanges
As of 10:59 AM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

banknordik p/f (BNORDIK) Snapshot

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10/2/15 - kr160.00
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11/10/14 - kr96.50
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banknordik p/f (BNORDIK) Details

BankNordik P/F provides financial services for individual, commercial, and corporate customers in the Faroe Islands, Denmark, Iceland, and Greenland. The company operates through Banking, Non-Life Insurance, and Other segments. It offers retail, corporate, and investment banking services; asset management services; non-life insurance products, such as property and casualty products; and real estate agency services, as well as pension products. The company operates 22 banking branches. BankNordik P/F was founded in 1906 and is headquartered in Tórshavn, Denmark.

490 Employees
Last Reported Date: 08/5/15
Founded in 1906

banknordik p/f (BNORDIK) Top Compensated Officers

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Executives, Board Directors

banknordik p/f (BNORDIK) Key Developments

BankNordik P/F Announces Management Changes; Announces Business Reorganization

BankNordik P/F announced that it has appointed Mr. Árni Ellefsen as permanent CEO. Mr. Ellefsen began his career with BankNordik in 2011 when he was appointed CFO and member of the group management. Among his former positions, he has served with KPMG in Copenhagen and as a partner of the Faroese accounting firm Spekt. Turið F. Arge is appointed to BankNordik's group management. Since the summer of 2014, she has served as head of corporate banking in the Faroe Islands. In her past positions with BankNordik include as head of the sales and marketing, customer service and branch support departments. As part of this move, the bank has appointed its head of personal banking to its group management. The new organization will consist of the following business and staff areas: Finance, Risk Management and other staff functions headed up by Árni Ellefsen, CEO; Corporate Banking, pension and insurance headed up by John Rajani, Deputy CEO; Personal Banking, Sales and Marketing headed up by Turið F. Arge, Head of Personal Banking; Markets and Private Banking headed up by Henrik Jensen, Chief Investment Officer; Credit Services and Branch Support headed up by Rune Nørregaard, Chief Credit Officer. The three senior vice presidents will join the executive board to make up the new group management. The Executive Board now consists of Árni Ellefsen, CEO, and John Rajani, Deputy CEO. The company announced its intention to refocus on the personal banking market in Denmark, Greenland and the Faroe Islands and the corporate banking markets in the North Atlantic region, the company will also be reorganizing its business areas. The new appointment will support the implementation of the announced strategy and strengthen the ties across the respective business areas. By establishing a single personal banking area across national borders and having the head of personal banking serve on the group management, the company will have the necessary focus to continue developing the personal banking segments in all three countries. It will also have a platform for capitalizing on potential synergies, including by way of standardizing processes and systems.

BankNordik Seeks To Sell

BankNordik P/F (CPSE:BNORDIK CSE) has announced its plans to sell its corporate banking activities in Denmark and to refocus the bank towards the Faroese and Greenlandic markets and the personal banking market in Denmark. In addition, BankNordik has appointed Carnegie Investment Bank AB to manage the sales process.

BankNordik P/F Announces Management Changes

BankNordik P/F's Board of Directors has taken the final step in its declared focused strategy for its banking operations. At its meeting held on September 16, 2015, the Board resolved to put BankNordik's corporate banking business in Denmark up for sale. Earlier this year, the bank announced that it was putting its Vørður Insurance Company, up for sale. Negotiations are currently ongoing, the outcome of which is expected to be announced by the end of the year. It is the Board's intention to refocus BankNordik. A new CEO will be needed to head up this strategy. Janus Petersen agrees with this conclusion, and he and the Board have therefore agreed to part ways. Árni Ellefsen, the current CFO, has agreed to act as interim CEO.


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