--- title: "Faroe Islands: financial institutions, SWIFT/BIC codes and licences | Elucidate" description: "6 institutions in Faroe Islands (as at 23 September 2026): 6 hold a SWIFT/BIC code and 0 do not." url: https://elucidate.co/directory/country/fo --- 1. [Directory](https://elucidate.co/directory) 2. [Countries](https://elucidate.co/directory/country) 3. Faroe Islands Country · Europe & Central Asia # Faroe Islands Check who the institutions in the Faroe Islands are: whether each holds a BIC, which register lists it and whether an LEI is mapped. No tracked register covers the Faroe Islands, so every institution listed here holds a BIC. 6 Institutions Active · inactive not published 6 Hold a BIC 100% of institutions — On a tracked register Not covered by a tracked register 4 LEI mapped 67% of institutions 9 BIC codes Head offices and 3 branch codes ### Faroe Islands at a glance Every row is the same 6 institutions, split by one attribute Type - Financial institution 6 · 100% Identification - [BIC only](https://elucidate.co/directory/search?source=bic,noregister&cc=FO) 6 · 100% Regulation level - [Not on a tracked register](https://elucidate.co/directory/search?reg=none&cc=FO) 6 · 100% LEI - LEI mapped 4 · 67% - No LEI mapped 2 · 33% View as table | Attribute | Institutions | Share | | --- | --- | --- | | Type | | Financial institution | 6 | 100% | | Identification | | BIC only | 6 | 100% | | Regulation level | | Not on a tracked register | 6 | 100% | | LEI | | LEI mapped | 4 | 67% | | No LEI mapped | 2 | 33% | An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. BIC data as at 23 September 2026 [Institutions](https://elucidate.co/directory/country/fo#institutions) [Regulation](https://elucidate.co/directory/country/fo#registers) [Payments](https://elucidate.co/directory/country/fo#payments) [BIC codes](https://elucidate.co/directory/country/fo#bics) ## Institutions in the Faroe Islands All 6 institutions in the Faroe Islands, with or without a BIC: prudentially supervised and larger institutions first. No OFAC or EU listing cites an institution in the Faroe Islands. - [Betri Banki P/F BIC EIKBFOTF Financial institution Not on a tracked register Faroe Islands · Not on a tracked register · LEI 2138009MQOMM5QRC4N88](https://elucidate.co/directory/betri-banki-p-f-eikbfotf) - [Nordoya Sparikassi BIC NOYAFO21 Financial institution Not on a tracked register Faroe Islands · Not on a tracked register · LEI 5493007CF4BMP2NU7141](https://elucidate.co/directory/nordoya-sparikassi-noyafo21) - [P/F Foroya Banki BIC FIFBFOTX Financial institution Not on a tracked register Faroe Islands · Not on a tracked register · LEI 5299005W3ZSR35ZYJH59](https://elucidate.co/directory/p-f-foroya-banki-fifbfotx) - [Fossbankin BIC FOSSFO21 Financial institution Not on a tracked register Faroe Islands · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/fossbankin-fossfo21) - [Nordoya Sparikassi BIC NOYAFOT3 Financial institution Not on a tracked register Faroe Islands · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/nordoya-sparikassi-noyafot3) - [P/F Suduroyar Sparikassi BIC SUSPFOT1 Financial institution Not on a tracked register Faroe Islands · Not on a tracked register · LEI 5493007B6KNLLMFKDJ80](https://elucidate.co/directory/p-f-suduroyar-sparikassi-suspfot1) [Filter this list →](https://elucidate.co/directory/search?cc=FO) ## Regulation and supervision None of the 22 tracked registers covers the Faroe Islands. All 6 institutions listed here hold a BIC; firms licensed only by the Faroe Islands’s national authorities are not listed. ## Payments and connectivity Of the 6 institutions in the Faroe Islands that hold a BIC, 50% are connected to Swift, as at 23 September 2026. ### Connection to Swift Institutions that hold a BIC, by connection type in Swift’s directory - Connected to Swift3 · 50% - Reverse billing0 · 0% - Passive participant (no connection)3 · 50% A BIC does not imply a connection to the Swift network. ### Payment schemes Institutions that hold a BIC, reachable in each scheme - **Reachable in a SEPA scheme:** 4 institutions ## All BIC codes in the Faroe Islands Look up any of the 9 BIC codes registered in the Faroe Islands: the head offices and branch codes of the 6 institutions here that hold a BIC, with their LEIs and flags. [Download the list (JSON)](https://elucidate.co/data/banks/countries/FO.json) ### Where branch codes cluster Branch codes by city, top 2 - Torshavn2 - Klaksvik1 ## Other countries in Europe & Central Asia The directory has pages for 59 other countries and territories in Europe & Central Asia. [Albania](https://elucidate.co/directory/country/al) [Andorra](https://elucidate.co/directory/country/ad) [Armenia](https://elucidate.co/directory/country/am) [Austria](https://elucidate.co/directory/country/at) [Azerbaijan](https://elucidate.co/directory/country/az) [Belarus](https://elucidate.co/directory/country/by) [Belgium](https://elucidate.co/directory/country/be) [Bosnia & Herzegovina](https://elucidate.co/directory/country/ba) [Bulgaria](https://elucidate.co/directory/country/bg) [Croatia](https://elucidate.co/directory/country/hr) [Cyprus](https://elucidate.co/directory/country/cy) [Czechia](https://elucidate.co/directory/country/cz) [Denmark](https://elucidate.co/directory/country/dk) [Estonia](https://elucidate.co/directory/country/ee) [Finland](https://elucidate.co/directory/country/fi) [France](https://elucidate.co/directory/country/fr) [Georgia](https://elucidate.co/directory/country/ge) [Germany](https://elucidate.co/directory/country/de) [Gibraltar](https://elucidate.co/directory/country/gi) [Greece](https://elucidate.co/directory/country/gr) [Greenland](https://elucidate.co/directory/country/gl) [Guernsey](https://elucidate.co/directory/country/gg) [Hungary](https://elucidate.co/directory/country/hu) [Iceland](https://elucidate.co/directory/country/is) [Ireland](https://elucidate.co/directory/country/ie) [Isle of Man](https://elucidate.co/directory/country/im) [Italy](https://elucidate.co/directory/country/it) [Jersey](https://elucidate.co/directory/country/je) [Kazakhstan](https://elucidate.co/directory/country/kz) [Kosovo](https://elucidate.co/directory/country/xk) [Kyrgyzstan](https://elucidate.co/directory/country/kg) [Latvia](https://elucidate.co/directory/country/lv) [Liechtenstein](https://elucidate.co/directory/country/li) [Lithuania](https://elucidate.co/directory/country/lt) [Luxembourg](https://elucidate.co/directory/country/lu) [Moldova](https://elucidate.co/directory/country/md) [Monaco](https://elucidate.co/directory/country/mc) [Montenegro](https://elucidate.co/directory/country/me) [Netherlands](https://elucidate.co/directory/country/nl) [North Macedonia](https://elucidate.co/directory/country/mk) [Norway](https://elucidate.co/directory/country/no) [Poland](https://elucidate.co/directory/country/pl) [Portugal](https://elucidate.co/directory/country/pt) [Romania](https://elucidate.co/directory/country/ro) [Russia](https://elucidate.co/directory/country/ru) [San Marino](https://elucidate.co/directory/country/sm) [Serbia](https://elucidate.co/directory/country/rs) [Slovakia](https://elucidate.co/directory/country/sk) [Slovenia](https://elucidate.co/directory/country/si) [Spain](https://elucidate.co/directory/country/es) [Sweden](https://elucidate.co/directory/country/se) [Switzerland](https://elucidate.co/directory/country/ch) [Tajikistan](https://elucidate.co/directory/country/tj) [Türkiye](https://elucidate.co/directory/country/tr) [Turkmenistan](https://elucidate.co/directory/country/tm) [Ukraine](https://elucidate.co/directory/country/ua) [United Kingdom](https://elucidate.co/directory/country/gb) [Uzbekistan](https://elucidate.co/directory/country/uz) [Vatican City](https://elucidate.co/directory/country/va) Sources & method Each institution counts once, in one country: the BIC country when it holds a BIC, otherwise the country of the register that lists it. Licences in other countries are shown on its page. Sanctions listings are matched on the BIC and on the LEI mapped to it, so they cover institutions that hold a BIC only. Institutions without a BIC are not screened. Always screen against the official lists. [Read the methodology →](https://elucidate.co/directory/methodology) Sources for this page - **Swift ISO 9362 BIC directory**—institutions and branch codes, mapped to LEIs through the Swift and GLEIF BIC-to-LEI relationship file. As at 23 September 2026 ## Assess the financial crime risk behind a counterparty A BIC or a licence identifies an entity; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment firms. [Read about the FinCrime Index](https://elucidate.co/ratings). [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.