Press Release, June 4, 2007
Føroya Banki joins the Nordic Exchange as a member
Føroya Banki will become a member of the Copenhagen stock Exchange and gain
trading access to the Danish equity market as of Thursday June 7, 2007. The
bank is already a member of the Iceland Stock Exchange.
Føroya Banki - the oldest bank of the Faroe Islands - was established in 1906.
In 1994 it merged with P/F Sjóvinnubankin, and continued the company under the
name Føroya Banki. The bank has both private and commercial clients.
Føroya Banki sees the membership as a good way to extend its activities. At the
same time the bank is in the middle of a privatization and within the first six
months of 2007 the bank will be listed on the Nordic Exchange in Iceland and
Copenhagen, with Iceland Stock Exchange as the central exchange for the
listing.
”We welcome Føroya Banki to OMX Nordic Exchange. The membership of the bank
represents the positive development the Nordic Exchange finds itself in the
middle off. Through the access to the Nordic Exchange, Føroya Banki will be
able to offer its clients many new investment possibilities”, says Jan Ovesen,
President, OMX Nordic Exchange Copenhagen.
The Nordic Exchange has 160 members in 13 different countries. The company's
code in the trading system is FOB. The trading access is active as of Thursday
June 7, 2007.
For more information, please contact:
Camilla Rich, OMX Nordic Exchange Copenhagen +45 33 77 04 32
About OMX | OMX is a leading expert in the exchange industry. Through the
Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic
and Baltic securities market. The Nordic Exchange is a term used for marketing
purposes and is not a legal entity. It describes the common offering from the
Helsinki Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange,
Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius
Stock Exchange. OMX integrated technology solutions cross the transaction chain
enabling efficient securities transactions for over 60 exchange organizations
in more than 50 countries. OMX is a Nordic Large Cap company in the Financial
sector on the OMX Nordic Exchange. For more information, please visit
www.omxgroup.com.
