Føroya Banki P/F

Report Publication Announcement • May 26, 2025

Annual Report 2024

flows for the financial year starting on 1 January and

ending on 31 December 2024. Moreover, in our opinion,

the management's report includes a fair review of

developments in the Group's and the Parent Company's operations and financial position and describes the

significant risks and uncertainty factors that may affect

In our opinion, the annual report of P/F Foruya Banki for

the financial year 1 January to 31 December 2024 identified as with the file name FB-2024-12-31-

en zip has been prepared, in all material respects, in

The management will submit the arousl report to the

the Group and the Parent Company.

compliance with the ESEF Regulation.

general meeting for approval

Statement by the Management

The Board of Directors and the Executive Board (the management) have loday considered and approved the annual report of PIF Feroya Banki for the financial year 2024

The consolidated financial statements have been prepared in accordance with the IFRS Accounting Standards as adopted by the EU, and the Parent Company's financial statements have been prepared in accordance with the Farcese Financial Business Act.

In our opinion, the consolidated financial statements and the Parent Company's financial statements give a true and fair view of the Group's and the Parent Company's assets, liabilities, equity and financial position at 31 December 2024 and of the results of the Group's and the Parent Company's operations and the consolidated cash

Torshavn, 26 February 2025

Executive Board

Turid F. Arge CED

Board of Directors

Bigir Duruus Chair

Marjun Harusardottir

Annfinn Vitalia Hansen Vice Chair

Kristian Reinert Davidson

Tam Ahmest

Årni Tör Rasmussan

Rüna Herize

Kenneth M. Samuelsen

Alexandur Johansen

Adopted at the General Meeting held on 27 March 2025

Ola Jäkup Kristoffersen Chair of the moding

Confidential, Mikkelsen, Arne, 01-04-2029-14:7522300mment

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