The BANK of Greenland reported a profit of DKK 84.4 million before tax for the first half of 2025, down from DKK 120.1 million in 2024. Interest rate declines affected profits, with value adjustments at DKK 94.7 million. Lending increased by DKK 138 million, reaching DKK 5.169 million, while guarantees decreased slightly to DKK 1.422 million. Total expenses, including depreciation, were DKK 128.4 million. Solvency ratio stood at 25.5, meeting the 10.5% capital requirement. The forecasted profit range for 2025 remains at DKK 150-185 million. Loan impairments were DKK 14.5 million, with a 0.2% write-down and provision rate.

Read more at GlobeNewswire: The BANK of Greenland’s report for the first half of 2025