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Risk Report: The BANK of Greenland (2023)

Portfolio Management

The BANK of Greenland has taken steps to support its business by acquiring shares in sector companies. However, these shares are not part of its trading portfolio and are valued accordingly.

• Share Valuation: Shares are valued quarterly, semi-annually, or annually depending on the frequency of new information from the individual sector company.
• Supporting Business Operations: The bank has acquired these shares to support its business operations.

Exposures to Interest Rate Risk

The bank’s interest rate risk for exposures outside the trading portfolio consists of fixed-rate assets and deposits and debt to credit institutions. As of the end of 2022, the bank had an interest rate risk of TDKK 1,428 in positions outside the trading portfolio.

Gearing Risk

The bank calculates leverage and the leverage ratio as a capital target for its core capital. The bank has determined that excessive leverage occurs at a leverage ratio below 10%.

• Leverage Ratio Calculation: Leverage is calculated as a ratio of unweighted exposures.
• Capital Target: Core capital is used as the basis for the leverage ratio calculation.

Summary Reconciliation of Accounting Assets and Leverage Ratio Exposures

The total assets, as per the published financial statement, were TDKK 8,840,981. After adjustments for various items, including entities consolidated but outside the scope of regulatory consolidation, fiduciary assets, derivative financial instruments, SFTs, and off-balance sheet items, the total leverage ratio exposure was TDKK 10,615,407.

Leverage Ratio Common Disclosure

The CRR leverage ratio exposures were calculated based on on-balance sheet exposures (excluding derivatives and SFTs). The total leverage ratio exposure was TDKK 10,615,407.