Føroya Banki projected to report profit between 275 and 300 million Danish kroner this year

Føroya Banki is projected to report a profit of between 275 and 300 million Danish kroner this year, according to a statement from the bank’s management.

This forecast represents a significant increase compared to the earlier expectations shared during the financial report for 2023, which was released in February. At that time, the bank anticipated a profit ranging from 225 to 255 million kroner.

In 2023, the bank achieved a net profit of 308 million kroner.