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Last kr127.00 DKK
Change Today 0.00 / 0.00%
Volume 2.8K
As of 7:11 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

banknordik p/f (BNORDIK) Snapshot

Open
kr127.00
Previous Close
kr127.00
Day High
kr129.00
Day Low
kr127.00
52 Week High
08/20/15 - kr133.00
52 Week Low
11/10/14 - kr96.50
Market Cap
1.3B
Average Volume 10 Days
8.1K
EPS TTM
kr-13.60
Shares Outstanding
10.0M
EX-Date
03/26/15
P/E TM
--
Dividend
kr2.00
Dividend Yield
1.57%
Current Stock Chart for BANKNORDIK P/F (BNORDIK)

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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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

banknordik p/f (BNORDIK) Key Developments

BankNordik P/F Reports Group and Bank Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

BankNordik P/F reported group and bank earnings results for the second quarter and six months ended June 30, 2015. For the second quarter on group basis, the company reported net interest income of DKK 127 million compared to DKK 126 million a year ago. Operating income was DKK 211 million compared to DKK 201 million a year ago. Operating profit was DKK 70 million compared to DKK 40 million a year ago. Profit before tax was DKK 15 million compared to DKK 54 million a year ago. For the six months period on group basis, the company reported net interest income of DKK 253 million compared to DKK 258 million a year ago. Operating income was DKK 392 million compared to DKK 388 million a year ago. Operating profit was DKK 88 million compared to DKK 68 million a year ago. Profit before tax was DKK 79 million compared to DKK 85 million a year ago. For the second quarter on company basis, the company reported net interest income of DKK 125 million compared to DKK 122 million a year ago. Operating income was DKK 194 million compared to DKK 178 million a year ago. Operating profit was DKK 70 million compared to DKK 33 million a year ago. Profit before tax was DKK 9 million compared to DKK 45 million a year ago. For the six months period on company basis, the company reported net interest income of DKK 247 million compared to DKK 252 million a year ago. Operating income was DKK 371 million compared to DKK 357 million a year ago. Operating profit was DKK 100 million compared to DKK 66 million a year ago. Profit before tax was DKK 73 million compared to DKK 93 million a year ago. The company provided earnings guidance for the year 2015. The company expects the profit before tax, impairments, non-recurring items and value adjustments to be in the range of DKK 200 million to DKK 240 million for the full year 2015. Interest margins are expected to decrease somewhat in 2015 and fee income is expected to increase relative to 2014.

BankNordik To Sell Stake In Icelandic Insurer, Vorour

BankNordik P/F is planning to sell its 51% stake in Vörður tryggingar hf and Vörður líftryggingar hf. Janus Petersen, Chief Executive Officer of BankNordik said, "BankNordik increases its focus on dividend payments to the shareholders by improving the profitability and free capital from non-strategic business areas. Amongst others a process for the sale of the bank's Icelandic insurance companies is, therefore, being initiated". Due to restrictions valid until the end of June 2017 on the sale of 49% of BankNordik's shares in Vorour Tryggingar hf. and Vorour Liftryggingar hf., a sale of this minority stake will most likely be postponed until a later date. BankNordik has appointed Icora Partners to manage the sales process and to contact potential buyers.

BankNordik P/F Reaffirms Earnings Guidance for the Full Year 2015

BankNordik P/F reaffirmed earnings guidance for the full year 2015. For the year, the company maintains its full-year guidance and expects to generate profit before impairment charges, non-recurring items, value adjustments and tax of DKK 200 million - DKK 240 million for the full year 2015.

 

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BNORDIK

Industry Average

Valuation BNORDIK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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