BANK of Greenland
 |
Company type | Aktieselskab |
|---|---|
| Nasdaq Copenhagen: GRLA | |
| ISIN | DK0010230630  |
| Industry | Financial services |
| Founded | 1967 |
| Headquarters | Nuuk, Greenland |
Key people | Gunnar Í Liða (Chairman),[1] Martin Kviesgaard (CEO)[2] |
| Products | Banking, insurance, investment management |
 DKK 326.5 million (2020)[3] | |
| Total assets | DKK 7.4 billion (2020)[3] |
Number of employees | 136 (FTE, end 2020)[3] |
| Website | banken.gl |
The BANK of Greenland (Danish: GrønlandsBANKEN) is one of two commercial banks in Greenland. It is listed on the Copenhagen Stock Exchange as GRLA,[4] with 2,700 shareholders in 2017.[5] Headquartered in Nuuk,[6] the bank had 118 employees in 2017.[5]
History
[edit]The Bank of Greenland was founded by a number of Danish banks on 26 May 1967, in the period when Greenland was a province of Denmark. The founding banks were Privatbanken, Danske Bank, Kjøbenhavns Handelsbank, and an organization of local banks, provincial and Copenhagen-based.[7] Operations started in Nuuk on 1 July 1967, with branches in Ilulissat, Sisimiut, and Qaqortoq following in 1985, and in Maniitsoq in 1989.[7]
It merged with Nuna Bank (formerly Bikuben) on 8 June 1985, with capital of 120 million Danish krone (DKK), retaining the name Grønlandsbanken, and becoming the only commercial bank in the country.[7] Føroya Banki, which has its headquarters on the Faroe Islands, bought Sparbank's Greenland branches in 2010,[8] and established itself as a competitor to the Bank of Greenland.
Operations
[edit]
The Bank of Greenland provides commercial services, as well as products and services for private customers such as loans, specialized and automated deposits,property trading, and administration. With 50,000 customers,[5] the Bank of Greenland has branches in major towns in Greenland, while bank operations in small settlements are handled via the integrated Post Greenland offices in the Pilersuisoq all-purpose stores.[7]
See also
[edit]
References
[edit]
- ^ "Board of Directors". BANK of Greenland, Official Website. Retrieved 9 May 2018.
- ^ "Executives". The BANK of Greenland, Official Website. Retrieved 9 May 2018.
- ^ a b c "ANNUAL REPORT 2020" (PDF). The BANK of Greenland. 1 March 2021. Retrieved 17 November 2021.
- ^ "GrønlandsBANKEN (GRLA:DC)." Archived 2012-09-28 at the Wayback Machine Business Week. (retrieved 5 Feb 2010)
- ^ a b c "About us". The BANK of Greenland, Official Website. Retrieved 9 May 2018.
- ^ "The BANK of Greenland". The BANK of Greenland, Official Website. Retrieved 9 May 2018.
- ^ a b c d "History". Bank of Greenland, Official Website. Retrieved 9 May 2018.
- ^ "History". Føroya Banki. Retrieved 8 May 2025.