BANK of Greenland Reveals Holdings in Sector Companies

Risk Report Highlights Bank’s Investment Portfolio

The BANK of Greenland has released its latest risk report, providing valuable insights into the bank’s holdings in sector companies as of December 31, 2022.

Holdings in Sector Companies

According to the report, the bank has acquired shares in several sector companies as part of its efforts to support its business operations. These shares are held outside of the bank’s trading portfolio and are valued based on various methods, including equity value and most recent known trading prices.

• The bank holds a total position of TDKK 117,783 in sector companies.
• There are no plans to sell these shares.

Unlisted Shares

In addition to its sector company holdings, the bank also owns unlisted shares in an enterprise in Greenland with which it has collaborated. These shares are valued at TDKK 1,470.

Interest Rate Risk Exposure

The report provides an update on the bank’s interest rate risk exposure outside of its trading portfolio, which amounts to TDKK 1,842 as of December 31, 2022. This risk is calculated daily and consists mainly of fixed-rate assets and deposits.

Gearing Risk

The report also includes an update on the bank’s gearing risk, with a leverage ratio of 12.3% as of December 31, 2022. The bank’s policy for excessive gearing has determined that a leverage ratio below 10% may indicate excessive leverage.

• Total assets: TDKK 7,949,566
• Total leverage ratio exposure: TDKK 9,883,691

Access to the Full Risk Report

The full risk report is available on the BANK of Greenland’s website.