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BankNordik P/F (OCSE:BNORDIK CSE) Altman Z-Score


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What is BankNordik P/F Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

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

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankNordik P/F (OCSE:BNORDIK CSE) » Definitions » Altman Z-Score
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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.