Announcement no. 2/2024

The bank expects net profit for 2024 in the DKK 225-255 million range, corresponding to a ROE of 12% - 14%. The guidance is subject to uncertainty, including financial market developments as well as macroeconomic developments in the Faroe Islands and Greenland.

The bank maintains its financial targets for 2024: ROE > 12%, cost/income < 53% and a target CET1 ratio of 20%.

The bank’s annual report for 2023 will be published as planned on 27 February 2024.

 

Further information:

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

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