Føroya Banka revises profit forecast upwards for 2024 to 250-280 million krónur
Monday 19th 2024 on 20:04 in
Faroe Islands
The forecast for profits in 2024 has been revised upwards by Føroya Banka, now estimated to be between 250 and 280 million krónur.
This information was disclosed in a statement to the Copenhagen stock exchange. The bank’s initial estimate projected profits to be between 225 and 255 million krónur.
The adjustment in projections is attributed to stronger operational performance than previously anticipated, including growth in both loans and deposits.
Source
(via kvf.fo)