GrønlandsBANKEN A/S/DKr GRLA
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Capital at risk
About GrønlandsBANKEN A/S
GrønlandsBANKEN A/S is a financial institution primarily serving Greenland. It operates in the banking industry, providing a range of financial services, including retail and corporate banking, mortgage lending, and investment services. Founded in 1967, it is headquartered in Nuuk, Greenland, and plays a significant role in the local financial sector. The bank caters to both private and business clients, offering customized banking solutions to accommodate the unique economic landscape of the region. GrønlandsBANKEN's strategic positioning is enhanced by its deep understanding of the local market and its focus on sustainable development initiatives within Greenland.
- Ticker
- DKr GRLA
- Sector
- Finance
- Primary listing
- CSE
- Employees
- 159
- Headquarters
- Nuuk, Greenland
- Website
- www.banken.gl
GRLA Metrics
BasicAdvanced
kr 2.4B
13.51
kr 100.30
0.31
kr 80.00
5.90%
Price and volume
Market cap
kr 2.4B
Beta
0.31
52-week high
kr 1,445.00
52-week low
kr 850.00
Average daily volume
3.1K
Dividend rate
kr 80.00
Financial strength
Profitability
Net profit margin (TTM)
40.30%
Operating margin (TTM)
44.55%
Effective tax rate (TTM)
6.43%
Revenue per employee (TTM)
kr 2,820,000
Management effectiveness
Return on assets (TTM)
1.73%
Return on equity (TTM)
11.41%
Valuation
Price to earnings (TTM)
13.51
Price to revenue (TTM)
5.444
Price to book
1.52
Price to tangible book (TTM)
1.52
Dividend yield (TTM)
5.90%
Forward dividend yield
5.90%
Growth
Revenue change (TTM)
1.33%
Earnings per share change (TTM)
-1.57%
3-year revenue growth (CAGR)
1.03%
3-year earnings per share growth (CAGR)
1.98%
10-year earnings per share growth (CAGR)
9.55%
3-year dividend per share growth (CAGR)
58.74%
10-year dividend per share growth (CAGR)
3.82%
Bulls say / Bears say
Underlying earnings are improving, and management now expects 2026 pre-tax profit at the upper end of DKK 195–220 million. Nine-month pre-tax profit rose to DKK 143.9 million from DKK 132.5 million, while core profit and net interest and fee income increased and costs fell. (Grønlandsbanken)
Credit quality remains strong: impairments were DKK 5.8 million for the first nine months, down from DKK 14.6 million, or 0.1% of lending and guarantees. The 27.1% capital ratio against a 10.2% solvency requirement adds a substantial buffer. (Grønlandsbanken)
The bank has ample liquidity to support more local lending if investment activity builds, and lending and guarantees have both grown since year-end. A new Greenland agreement involving Denmark and the US could also stimulate demand for financing, though the scale of investment remains uncertain. (Økonomisk Ugebrev, Børsen)
The bank is concentrated in Greenland’s small, cyclical economy, where management still expects near-zero economic growth in 2026 and only moderate lending growth. There is not yet evidence of a broad lending boom. (Økonomisk Ugebrev)
Capital could constrain the bank if loan growth accelerates: its mid-year buffer over the 2026 NEP requirement was under five percentage points, while property exposure was already close to a supervisory concentration limit. Faster growth or continued high payouts could therefore require more capital. (Økonomisk Ugebrev)
Quarterly earnings remain exposed to market swings and loan losses: Q3 pre-tax profit slipped to DKK 46.5 million from DKK 48.1 million a year earlier, as lower valuation gains and slightly higher provisions outweighed stronger underlying operations. (Inderes, Grønlandsbanken)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.
GRLA Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.