Dividend Policy

Pursuant to the Faroese Companies Act, a general meeting must authorize the distribution of dividends on the basis of the adopted annual financial statements for the most recent financial year. The shareholders at the general meeting cannot authorise a payment of dividends exceeding the amount recommended by a company’s board of directors.

Effective from 2023, the Board of Directors will target an ordinary dividend of 70% of net profit. In addition to ordinary dividends, Føroya Banki will aim to optimize its capital structure through share buy-backs. Any such measures will be subject to Føroya Banki’s growth outlook, the CET1 capital ratio target of 23.0% and the target solvency incl. MREL ratio at the level of 34%.

Investor Relations Policy

Føroya Banki seeks to inform and communicate openly and timely to promote fair pricing

Remuneration Policy

The remuneration policy reflects Føroya Banki's objectives of good governance and supports its ability to recruit, develop, and maintain high-performing employees.

Corporate Governance

A strong governance framework facilitates responsible corporate management and safeguards the interest of the Group's shareholders, customers, and employees.

Dividend Tax

Shareholders from the Nordic countries are eligible for a dividend tax refund of 20% of Føroya Banki's dividend payments.