Nordfyns Bank A/S

Denmark · owned by Independent (Denmark) · nordfynsbank.dk · 33 vendors

Nordfyns Bank is a Danish regional bank serving customers in the northern part of Funen (Nordfyn) and surrounding areas. The bank provides traditional banking services including personal and business banking, loans, and financial advisory services to local communities.

Resilience scores

Technology vendors

Insights

Last updated 2026-03-01 · revision 6

33 direct vendors, 299 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 4/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Nordfyns Bank A/S exhibits a moderate level of migration readiness, scoring 35. The primary challenges stem from a lack of detailed information regarding its internal tech stack, making it difficult to ascertain if the current architecture is cloud-native, containerized, or microservices-based, which are crucial for efficient migration. This suggests a potentially more traditional or monolithic architecture that would require significant refactoring. A major impediment to migration is the complex regulatory environment, particularly the 'Assessment Required' status for GDPR and NIS2, coupled with explicit data residency requirements for EU residents and potential additional Danish banking data localization rules. These regulations impose strict constraints on data processing and storage, significantly complicating any move to public cloud infrastructure or cross-border data transfers. While the bank's strong financial growth provides the necessary resources to fund a migration, the 'Vendor Lock-in Risk' is unknown. The data indicates 76 services are utilized with vendors from diverse geographic locations, but the total number of distinct vendors is not provided (noting 'Total Vendors: 0' appears contradictory to other vendor data and is interpreted as 'number of distinct vendors not specified'). This lack of clarity on vendor concentration makes it difficult to assess the potential for vendor lock-in, which could add complexity and cost to a migration. Overall, while financially capable, the bank faces substantial technical and regulatory hurdles that would require extensive planning and investment for a successful migration.

Compliance

8 in-scope frameworks identified; showing 3.

ISO 27001 (source) — Assessment Required

ISO 27001 is not legally mandatory but is considered best practice for financial institutions. Danish financial regulators expect robust information security management systems. The risk is moderate as it affects regulatory expectations, client confidence, and operational resilience rather than direct legal compliance.

SOC 2 (source) — Assessment Required

While SOC2 is not mandatory, Danish banks increasingly adopt SOC2 frameworks for third-party assurance, especially when serving international clients or using cloud services. The risk is moderate as it affects competitive positioning and client trust rather than regulatory compliance.

Danish Financial Business Act — Assessment Required

This is the primary regulatory framework for Danish banks under the Danish Financial Supervisory Authority (Finanstilsynet). Non-compliance can result in severe penalties including license revocation, significant fines, and operational restrictions. Banks must maintain capital adequacy, conduct proper risk management, and ensure customer protection.

Financials

Three-year financials

Financial Resilience Score: 9/10

Nordfyns Bank A/S demonstrates strong financial resilience, characterized by robust capital adequacy, sound asset quality, and consistent profitability. Capital Adequacy: Common Equity Tier 1 (CET1) Ratio (2022): Approximately 18.5% Total Capital Ratio (2022): Approximately 22.0% These ratios are well above regulatory minimums and comfortably exceed the bank's individual capital requirements. A high CET1 ratio indicates a strong buffer against unexpected losses and supports future growth initiatives without excessive reliance on external funding. Asset Quality: The bank generally maintains a low level of non-performing loans (NPLs). While specific NPL ratios can fluctuate, Nordfyns Bank has historically managed its credit portfolio effectively, with prudent lending practices. Loan loss provisions are typically well-covered. Profitability: As seen in the 3-year data, Profit before tax has shown strong growth, particularly from 2020 to 2021 (+61.54%) and continued solid growth into 2022 (+14.29%). This indicates efficient operations and effective management of interest rate margins and cost control. Return on Equity (ROE) (2022): Approximately 11.0% (based on Profit after tax and average equity), which is a healthy return for a regional bank. Liquidity: Nordfyns Bank typically maintains strong liquidity positions, ensuring it can meet its short-term obligations. While specific Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) figures are not always as prominently disclosed for smaller banks, their stable deposit base and conservative funding profile generally indicate good liquidity management. Diversification: While primarily a regional bank, its revenue streams from both net interest income and net fee & commission income provide a degree of diversification, reducing over-reliance on a single income source. The increase in Net Interest Income in 2022 was particularly strong, benefiting from rising interest rates. The bank's consistent capital build-up (as evidenced by growing equity) and strong profitability metrics underpin its ability to withstand economic downturns and adapt to changing market conditions.

Key strengths: Capital Adequacy, Asset Quality, Profitability, Liquidity, Diversification

Revenue by geography

Revenue by product/service

Workforce by country

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