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BankNordik P/F (BNORDIK.CO)

BNORDIK.CO on Copenhagen Stock Exchange

115.00DKK
28 Apr 2017
Change (% chg)

kr.0.00 (+0.00%)
Prev Close
kr.115.00
Open
kr.115.00
Day's High
kr.115.00
Day's Low
kr.114.00
Volume
2,541
Avg. Vol
6,038
52-wk High
kr.149.50
52-wk Low
kr.103.50

Latest Key Developments (Source: Significant Developments)

BankNordik Q4 net result swings to profit of DKK 20.5 mln
Monday, 27 Feb 2017 02:00am EST 

BankNordik P/F : Q4 net interest income 100 million Norwegian crowns ($12 million) versus 111 million crowns year ago . Q4 loan losses 10.3 million crowns versus loan losses 26.1 million crowns year ago . Q4 net profit 20.5 million crowns versus loss 308.0 million crowns year ago . Expects a modest increase in private and corporate lending volumes in 2017 . Expects profit before impairment charges, value adjustments and tax to be in range of 150 million Danish crowns-190 million crowns in 2017 (2016: 179 million crowns) . Impairment charges on loans and advances, including a reversal of acquired oei impairments, are estimated to be less than 20 million crowns in 2017 (2016: reversal of 12 millon crowns) . Fee and commission income is also expected to increase modestly in 2017, whereas income from investment portfolio is expected to be close to 2016 level . 2017 operating costs are expected to stay flat compared to 2016 .Board will propose a total dividend payment of 300 million crowns for 2016 (30 crowns per share).  Full Article

BankNordik: Last day of trading on Nasdaq Iceland to be Feb. 13
Wednesday, 1 Feb 2017 01:49am EST 

BankNordik P/F : Request for removal from trading on Nasdaq Iceland Hf. has been approved . Last day of trading of BankNordik's shares on Nasdaq Iceland will be Feb. 13, 2017 .Will continue listing on Nasdaq Copenhagen.  Full Article

BankNordik Q2 operating profit DKK 50 million; narrows FY guidance
Thursday, 4 Aug 2016 02:00am EDT 

BankNordik P/F : Q2 net interest income 98 million Danish crowns ($14.7 million) versus 122 million crowns year ago . Q2 operating profit was 50 million crowns, flat compared to Q1 2016 . H1 operating profit 101 million crowns, up 4 million crowns compared to H1 2015 . Q2 total pre-tax profit 61 million crowns versus 12 million crowns year ago . Narrows FY 2016 guidance on profit before impairment charges, non-recurring items, value adjustments and tax from 150 million - 190 million crowns to 160 million - 190 million crowns . Net impairment charges on loans for 2016 are expected to be in line with level of 2015 .Says guidance is generally subject to uncertainty and will depend on economic conditions.  Full Article

BankNordik expects to close sale of Vørður group in H2
Tuesday, 21 Jun 2016 02:21am EDT 

BankNordik P/F : Says Icelandic central bank and Icelandic FSA have approved sale of shares in Vørður group to Arion banki of Iceland . Says regulatory approval from Icelandic competition authorities is still pending . Says winding up of corporate banking activities in Denmark is progressing to plan . Expects to settle corporate loans at book value of about 1 billion Danish crowns ($152.43 million) in first six months of 2016 . Does not expect to receive final approval from competition authorities by end of June, which means transaction is expected to close in H2 . Intends to propose that bank distribute dividend in amount to be based on relative increase in group's total capital from sale .Expected overall dividend distribution is expected to amount to about 300 million crowns.  Full Article

BankNordik initiates share buy-back programme
Monday, 30 May 2016 07:04am EDT 

Banknordik P/F : Initiates share buy-back programme . Buy-back programme runs from May 30, 2016 to Dec. 30, 2016 and covers a maximum of up to 33 million Danish crowns ($4.94 million) in market value . Maximum amount that BankNordik may pay for shares purchased under share buy-back programme is 33 million crowns .Total number of shares that may be purchased on a single trading day may not exceed 25 pct of average daily trading volume over preceding 20 trading days on Nasdaq Copenhagen.  Full Article

BankNordik to redeem outstanding bonds and issue new subordinated bonds
Monday, 23 May 2016 02:00am EDT 

BankNordik P/F : Banknordik to redeem outstanding bonds and issue new subordinated bonds . BankNordik has decided to issue new CRD IV compliant Tier 2 capital on June 24, 2016 in the amount of 225 million Danish crowns, following discussions with investors . New bonds will have a maturity of 10 years with first call after 5 years and quarterly interest payments in arrears . Coupon will be 5.0785 percent p.a., based on 5-year fixed danish swap rate plus margin of 4.75 percent p.a. . If bonds are not redeemed on June 24, 2021, interest rate will be reset based on prevailing 3-months floating cibor rate plus margin of 4.75 percent p.a. .The net annual interest expense savings resulting from the transactions will amount to approximately 20 million crowns.  Full Article

BankNordik P/F affirms FY 2016 guidance
Wednesday, 27 Apr 2016 08:00pm EDT 

BankNordik P/F:Reconfirms FY 2016 guidance of profit before impairment charges, non-recurring items, value adjustments and tax in range of 150 million-190 million Danish crowns.Impairment charges on loans for FY 2016 are expected to be in line with level of FY 2015 (20 million crowns).  Full Article

BankNordik issues FY 2016 guidance, proposes dividend for FY 2015
Thursday, 25 Feb 2016 02:00am EST 

BankNordik P/F:In FY 2016 expects profit before impairment charges, non-recurring items, value adjustments and tax of 150 million - 190 million Danish crowns.Says lower profit expectations for FY 2016 are mainly due to discontinued corporate banking activities in Denmark, further pressure on interest margin and less income from investment portfolio.Will propose a dividend payment of 20 million crowns for FY 2015 (2 crowns per share)​.  Full Article

BankNordik P/F to conduct ‍reorganisation involving 22 redundancies
Tuesday, 19 Jan 2016 05:33am EST 

BankNordik P/F:Reorganisation will involve 22 redundancies, primarily in non-customer-faced positions​.Expects to be able to pay an extraordinary dividend of up to 200 million Danish crowns​.Expects to be able to pay a further dividend of not less than 100 million Danish crowns​.‍Consolidation of IT branches in Jutland into four personal banking centres located in Aarhus, Kolding, Esbjerg and Haderslev​.‍Will also move all branch support to Faroe Islands over next six to eight months​.‍Retains full-year guidance for FY 2015​.Expects that two thirds of Danish corporate banking activities will be wound up during H1 2016​.  Full Article

BankNordik to wind-up corporate banking activities in Denmark; confirms FY 2015 guidance
Monday, 23 Nov 2015 02:00am EST 

BankNordik P/F:To carry out a controlled winding-up of corporate banking activities in Denmark during remainder of 2015 and in first six months of 2016.Says that will enable an extraordinary dividend of up to 200 million Danish crowns in course of 2016.In addition to extraordinary dividend, the Bank also expects, as previously announced, to pay a further dividend of not less than 100 million crowns when the conditional sale of Vørður has been completed.Retains its guidance for FY 2015 - profit before impairment charges, non-recurring items, value adjustments and tax of 200-220 million crowns with net impairment charges for the year expected not to exceed 20 million crowns.  Full Article

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BRIEF-BankNordik: Last day of trading on Nasdaq Iceland to be Feb. 13

* Request for removal from trading on Nasdaq Iceland Hf. has been approved