BankNordik P/F announced earnings guidance for the fiscal year 2016. Due to extraordinary high insurance claims, which at present are estimated to be in the range of DKK 15 million –DKK 20 million and mainly relate to extraordinary harsh weather conditions in the Faroe Islands in the month of December 2016, BankNordik has decided to lower the Group’s fiscal year 2016 guidance on profit before impairment charges net of reinsurance, non-recurring items, value adjustments, and tax, from earlier announced DKK 175 million –DKK 200 million to DKK 165 million – DKK 180 million. Net impairment charges on loans for 2016 are still expected to be less than in 2015 (DKK 20 million). For the first nine months of 2016, net impairment charges were a reversal of DKK 8 million. This guidance is subject to uncertainty and the Group’s fiscal year 2016 results will depend on the final settling of insurance claims, net of reinsurance, as well as economic conditions in general, including possible central bank monetary policy measures.