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Foroya Banki P/F (OCSE:FOBANK) Cash Conversion Cycle


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What is Foroya Banki P/F Cash Conversion Cycle?

Cash Conversion Cycle (CCC) does not apply to banks and insurance companies.

Foroya Banki P/F Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Foroya Banki P/F (OCSE:FOBANK) » Definitions » Cash Conversion Cycle
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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
Foroya Banki P/F formerly BankNordik P/F is a banking company. It provides a range of banking products and financial services to private and corporate customers. Its business units include Banking and Non-life insurance. The Banking unit comprises of 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. It operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.