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FOBANK Foeroya Banki P/F News Story

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Brief: BankNordik reduces 25 full-time positions

May 28 (Reuters) - BankNordik P/F  BNORDIK.CO :  
    * Says aiming to increase its competitive strength, the Bank is today eliminating 25 
full-time positions 
    * Changes will result in the termination of 20 positions and staffing reductions 
corresponding to five additional full-time positions to be achieved through normal attrition 
    * Reducing the number of full-time positions by 25 will cut annual costs by about 17 million 
Danish crowns ($2.49 million) 
    * Severance payments will total about 13 million crowns, and the amount will be recognized 
in the financial statements for Q2  
    * Maintains its full-year guidance 
 
 
    Source text for Eikon:  ID:nICE5RWj  
 
    Further company coverage:  BNORDIK.CO  
 
 
($1 = 6.8218 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48586983920;))

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