Føroya Banki

Føroya Banki reported Q2 2025 net profit of DKK 93m, DKK 15m (19%) above our estimate. The key positive in the report was impressive lending growth of ~5% q/q; we had expected 1%. Combined with a temporary tailwind on funding costs, net interest income...

Q2 pre-tax profit came in at DKK 115m, DKK 19m (20%) above our estimate. This was mainly due to net interest income being DKK 9m (12%) above our estimate due to strong lending growth of ~5% q/q. Net insurance income also came in DKK 8m (42%) above our...

On 15 July 2025, Føroya Banki raised its 2025 net profit guidance range to DKK 235-265m (previously DKK 210-240m). The bank highlights that the insurance result and growth in business activity have been strong, while impairment charges have been low....