BANK of Greenland’s Exposure to Risk Remains Steady at TDKK 10,267 by End of 2023

The BANK of Greenland has reported its exposure to risk as of the end of 2023, which remains steady at TDKK 10,267. This figure is based on the bank’s non-trading portfolio, which includes shares in sector companies and other investments.

Non-Trading Portfolio

• The bank’s total position in sector shares amounts to TDKK 133,217, with the majority held outside of the trading portfolio.
• These shares are adjusted quarterly or annually based on new information from individual sector companies. The bank has no plans to sell these shares, as they are considered essential for operating a local bank.

Unlisted Shares

• The bank also owns unlisted shares in an enterprise in Greenland with which it has entered into collaboration.
• These shares are measured at net book value less any impairment losses and amount to TDKK 1,428.

Interest Rate Risk Exposure

• The bank’s interest rate risk exposure outside of its trading portfolio totals TDKK 1,428 as of the end of 2022, calculated daily.

Gearing Risk

• The bank’s leverage ratio is calculated as a capital target for its core capital as a ratio of unweighted exposures.
• The bank has determined that excessive leverage occurs at a leverage ratio below 10%, and therefore assesses its leverage ratio to be within acceptable limits.

Total Assets and Leverage Ratio Exposure

• The bank’s total assets amount to TDKK 8,840,981, with adjustments made for entities consolidated for accounting purposes but outside the scope of regulatory consolidation, as well as other items.
• The bank’s total leverage ratio exposure is TDKK 10,615,407.

Conclusion

Overall, the BANK of Greenland’s exposure to risk remains steady at TDKK 10,267 as of the end of 2023, indicating a stable financial position for the institution.