Betri Bank raises 2026 profit forecast after strong first half

Monday 7th September 2026 on 09:30 in Faroe Islands

banking, Betri Bank, Faroese economy

Betri Bank reported a profit of 141 million kroner after tax in the first half of 2026 and raised its full-year forecast to between 270 million and 290 million kroner, KVF reported.

At the end of 2025, the bank had forecast a profit of between 180 million and 220 million kroner for the year.

Deposits increased by 200 million kroner and loans by 400 million kroner during the first half.

The bank said its investments generated strong returns, while expenses remained at almost the same level as in 2025.

Betri Bankโ€™s balance sheet totals 14.037 billion kroner.

Source 
(via KVF)