trending Market Intelligence /marketintelligence/en/news-insights/trending/qxsZRMBQSjUUzviRGbdnpw2 content esgSubNav
In This List

Regulators approve sale of majority stake in BankNordik's insurance unit to Arion banki

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


Regulators approve sale of majority stake in BankNordik's insurance unit to Arion banki

's sale of a in insurance firmVørður to Arion banki hf.received all required regulatory approvals, including from the IcelandicCompetition Authority.

The transaction isexpected to be completed within two or three weeks' time.

Faroe Islands-basedBankNordik expects its group total capital to improve by at least 100 millionDanish kroner from the sale, while a capital relief of about 200 million kroneris anticipated from the winding up of the corporate banking activities inDenmark.