BankNordik appoints Carnegie Investment Bank to manage the sale of its Danish cor-porate banking operations
As per its company announcement of 16 September 2015, BankNordik aims to sell its corporate banking activities in Denmark and to refocus the bank towards the Faroese and Greenlandic markets and the personal banking market in Denmark.
BankNordik has appointed Carnegie Investment Bank to manage the sales process.
It is important to BankNordik that the buyer of its Danish corporate banking activities is both able to offer a competitive price and to be an attractive business partner to the bank's corporate clients.
A transaction will include the buyer taking over the employees of BankNordik's Danish corporate banking division, so as to enable the clients to retain their current adviser after a sale.
“It is important for us that a buyer shares our understanding of our Danish corporate clients and that the direct relations between the Danish corporate clients and BankNordik's highly-skilled corporate banking division remain intact after a sale,” said BankNordik CEO Árni Ellefsen.
Contact:
Árni Ellefsen, CEO, BankNordik, tel. (+298) 330 348
Jacob Gruelund, Managing Director, Carnegie Investment Bank, tel. (+45) 32 88 04 13
BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands and Iceland. Founded in the Faroe Islands more than a century ago, the Group has 170,000 customers, total assets of DKK 16bn and about 480 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on NASDAQ OMX. www.banknordik.com
Disclaimer. This company announcement contains certain forward-looking statements. Any statements other than statements of historical fact, including without limitation those regarding BankNordik’s financial condition, future operating performance, business strategy, management plans and objectives for future operational prospects for the group are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results and performance to differ materially from any expected future results or performance, express or implied, by the forward-looking statements. Factors that could cause forward-looking statements to differ materially from actual results include, among other things, general economic and business factors, competition, and interest rate and currency fluctuations. These statements should not be considered as a representation that anticipated events will occur or that expected objectives will be achieved. The information presented herein speaks only as of today’s date and BankNordik assumes no responsibility to update any of the forward-looking statements contained herein.
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