New tourism loan from Grønlandsbanken at 0% interest for the first year aims to promote the desire to operate tourism businesses throughout Greenland

The Greenland Bank's Business Fund has today, May 22, 2025, awarded the fund's Entrepreneur Prize to Tupârnak Bernth-Andersen, SCAN INUK ApS.

By investing, you have the opportunity to achieve a higher return than with a regular bank account. It’s easy to get started, and we offer investment solutions to suit most needs. Tune in as Klaus Trolle Pedersen, Head of Pension and Investment, explains why, when, and how you can start investing.

As a result of Danmarks Nationalbank’s interest rate reduction of 0.25 percentage points on April 22, 2025, a corresponding reduction will be made to a number of Grønlandsbanken’s lending and deposit rates. The interest rate on deposits currently earning 0% will remain unchanged. The interest rate change will take effect on June 2, 2025. The applicable interest rates are available on Grønlandsbanken’s website.

As a result of Danmarks Nationalbank’s interest rate reduction of 0.25 percentage points on March 6, 2025, a corresponding reduction will be made to a number of Grønlandsbanken’s lending and deposit rates. The interest rate on deposits that currently earn 0% will remain unchanged. The interest rate change takes effect on April 14, 2025. Current interest rates can be found on Grønlandsbanken’s website.

Grønlandsbanken has today published its annual report for 2024. The Bank achieved a profit before tax of DKK 245.7 million, compared to DKK 244.6 million in 2023, which is within the revised guidance from October 2024 of DKK 225–250 million.

We stopped by Kalaallit Forsikring to speak with Nivikka Rosing Kleeman, Insurance Agent, to gain a better understanding of which insurances are mandatory and which ones they believe everyone should have.

As you may have read, new rules have been introduced for purchasing real estate in Greenland. The rules regulate who is legally allowed to purchase real estate or be granted land allocation.

As a result of Danmarks Nationalbank’s interest rate reduction of 0.25 percentage points on January 30, 2025, a corresponding reduction will be made to a number of Grønlandsbanken’s lending and deposit rates. The interest rate on deposits currently earning 0% will remain unchanged. The interest rate change takes effect on March 7, 2025. Current interest rates can be found on Grønlandsbanken’s website.