BankNordik P/F (OCSE:BNORDIK CSE) Credit Losses Provision : kr0.0 Mil (As of Mar. 2024)

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What is BankNordik P/F Credit Losses Provision?

BankNordik P/F's credit losses provision for the three months ended in Mar. 2024 was kr0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was kr0.0 Mil.

BankNordik P/F Credit Losses Provision Historical Data

The historical data trend for BankNordik P/F's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BankNordik P/F Credit Losses Provision Chart

BankNordik P/F Annual Data

Trend

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Credit Losses Provision

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BankNordik P/F Quarterly Data
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BankNordik P/F Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr0.0 Mil.

BankNordik P/F (OCSE:BNORDIK CSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankNordik P/F (OCSE:BNORDIK CSE) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

BNW:Germany

Address

Oknarvegur 5, P.O. Box 3048, Torshavn, FRO, FO-110

Website

https://www.banknordik.fo

BankNordik P/F is a banking company. The bank provides a range of banking products and financial services to private and corporate customers. Its business units includes Banking and Non-life insurance. The Banking unit comprises Personal Banking and Corporate Banking. Personal Banking comprises private customers in the Faroe Islands and Greenland. Corporate Banking comprises corporate customers mainly in the Faroe Islands and in Greenland. The corporate also comprises a few remaining corporate customers from Denmark. Non-life insurance comprises the insurance company P/F TRYGD based The Faroe Islands. TRYGD is responsible for the-life insurance products. The company operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.

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