Føroya Banki Management
Management criteria checks 4/4
Føroya Banki's CEO is Turio Arge, appointed in Jan 2023, has a tenure of 2.33 years. total yearly compensation is DKK2.82M, comprised of 84.9% salary and 15.1% bonuses, including company stock and options. directly owns 0.064% of the company’s shares, worth DKK1.08M. The average tenure of the management team and the board of directors is 2.3 years and 3.2 years respectively.
Key information
Turio Arge
Chief executive officer
DKK 2.8m
Total compensation
| CEO salary percentage | 84.9% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.06% |
| Management average tenure | 2.3yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | DKK 316m |
| Dec 31 2024 | DKK 3m | DKK 2m | DKK 310m |
| Sep 30 2024 | n/a | n/a | DKK 327m |
| Jun 30 2024 | n/a | n/a | DKK 318m |
| Mar 31 2024 | n/a | n/a | DKK 301m |
| Dec 31 2023 | DKK 3m | DKK 2m | DKK 308m |
| Sep 30 2023 | n/a | n/a | DKK 273m |
| Jun 30 2023 | n/a | n/a | DKK 206m |
| Mar 31 2023 | n/a | n/a | DKK 178m |
| Dec 31 2022 | DKK 1m | DKK 1m | DKK 164m |
Compensation vs Market: Turio's total compensation ($USD425.96K) is below average for companies of similar size in the UK market ($USD804.01K).
Compensation vs Earnings: Turio's compensation has been consistent with company performance over the past year.
CEO
Turio Arge (42 yo)
2.3yrs
Tenure
DKK 2,823,000
Compensation
Ms. Turio F. Arge serves as Chief Executive Officer at Foroya Banki (formerly known as P/F BankNordik) from 2023. She served as Chief Commercial Officer at Foroya Banki (formerly known as P/F BankNordik) a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 2.3yrs | DKK 2.82m | 0.064% DKK 1.1m | |
| Chief Financial Officer | 1.8yrs | no data | no data | |
| Head of Accounting & Controlling | no data | no data | no data | |
| Head of Marketing & Investor Relations | 2.3yrs | no data | no data | |
| Chief Audit Executive | 9.1yrs | no data | no data | |
| Executive Vice President | 2.8yrs | DKK 48.99m | no data |
2.3yrs
Average Tenure
Experienced Management: 0OF2's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 3.2yrs | DKK 475.00k | 0.031% DKK 518.3k | |
| Employee Representative Director | 15.1yrs | DKK 180.00k | 0.026% DKK 440.2k | |
| Employee Representative Director | 7.2yrs | DKK 180.00k | 0.0021% DKK 35.3k | |
| Employee Representative Director | 4.3yrs | DKK 180.00k | 0.0083% DKK 139.9k | |
| Independent Director | 3.2yrs | DKK 205.00k | 0.0011% DKK 18.9k | |
| Independent Director | 2.2yrs | DKK 295.00k | no data | |
| Vice Chairman | 1.2yrs | DKK 295.00k | no data | |
| Director | 1.2yrs | DKK 160.00k | no data | |
| Independent Director | 1.3yrs | DKK 122.00k | no data |
3.2yrs
Average Tenure
58yo
Average Age
Experienced Board: 0OF2's board of directors are considered experienced (3.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/10 23:17 |
| End of Day Share Price | 2025/03/10 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Føroya Banki is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rasmus Vendelboe Jakobsen | ABG Sundal Collier Sponsored |
| Jakob Brink | Handelsbanken Capital Markets |
| Mathias Nielsen | Nordea Markets |