Company announcement
Announcement no. 10/2018
The Board of Directors of BI Holding A/S (BankInvest Group) has today decided upon changing the applied valuation method of the company’s shares.
For BankNordik the change in valuation method triggers a revaluation gain of DKK 21m before tax, which is proportional to the Bank’s equity position in BI Holding A/S.
Accordingly, the BankNordik Group is revising its FY2018 net profit guidance upwards from earlier announced DKK 150-200m to DKK 165-215m. Guidance on operating profit before impairment charges in the range of DKK 160-200m is reconfirmed.
For additional information, please contact:
Árni Ellefsen, CEO, tel. (+298) 230 348
BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands. Founded in the Faroe Islands more than a century ago, the Group has total assets of DKK 15.8bn and 400 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.