Føroya Banki revises its 2024 net profit guidance upwards
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