Top Banks in Greenland

Overview of Banks in Greenland

Currently, there are only two banks in Greenland. One is the Bank of Greenland, which is the only local commercial bank on the island following its merger with Nuna Bank in 1997. Greenland is the world’s largest island and is an autonomous constituent country within the Kingdom of Denmark. Currently, Denmark is responsible for financial regulation and supervision of the island.

For anyone considering a career in banking in Greenland, this list of the top banks in Greenland is a helpful guide on where to start. To learn more, see our lists of financial institutionsCompaniesLists of the main players in corporate finance. We've got lists of the most important financial services companies, banks, institutions, accounting firms, and corporations in the industry. Browse these guides to prepare for a career in financial services and start networking today to accelerate your career.

Top Banks in Greenland include:

Bank of Greenland

The Bank of Greenland was founded in 1967 by a group of Danish banks, which consisted of Privatbanken, Den Danske Bank, Kjøbenhavns Handelsbank, members of the Danish Association of Provincial Banks, members of the Association of Banks in Copenhagen of 1920, and Andelsbanken.

Headquartered in Nuuk, the bank provides commercial services, as well as financial products and services such as loans, specialized and automated deposits, and property trading and administration. It employs 115 staff as of 2016. It works with KNI/Post Greenland to offer basic banking services in towns and settlements on the island where it does not operate a branch.

Net income: DKK 96.2 million (2020)

Total assets: DKK 7.44 billion (2020)

BankNordik

BankNordik is a Faeroese-based full-service bank that operates a branch in Greenland. The bank provides retail banking, asset management, and corporate banking services. It holds a 40% market share in the Faroe Islands, being one of only two full-service banking institutions on the island.

Net income: DKK 166.2 million (2020)

Total assets: DKK 17.3 billion (2020)

Careers in Investment Banking

To break into investment banking,JobsBrowse job descriptions: requirements and skills for job postings in investment banking, equity research, treasury, FP&A, corporate finance, accounting and other areas of finance. These job descriptions have been compiled by taking the most common lists of skills, requirement, education, experience and other there are several important things to focus on.  These include networking, resumeInvestment Banking ResumeInvestment banking resume template. Learn how to write an investment banking resume (Analyst or Associate) with CFI's free guide and resume template. The IB resume is unique.  It’s important to tailor your resume to the industry standard to avoid being immediately deleted, experience, and financial modeling skillsFinancial Modeling SkillsLearn the 10 most important financial modeling skills and what's required to be good at financial modeling in Excel. Most important skills: accounting.  To learn more, explore our interactive career map….

For banking careers, you will have a significant edge over the competition with our financial modeling courses.

Additional Resources

This has been CFI’s guide to the top banks in Greenland. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

• Top Banks in BelgiumTop Banks in BelgiumTop banks in Belgium. There are just over 140 banks that operate in Belgium. The country’s banking system is considered one of the most sophisticated and liberalized in the world.
• Top Banks in DenmarkTop Banks in DenmarkThe Danish banking sector is characterized by many small institutions and a few international groups. As of 2020, there are 160 banks incorporated in Denmark.
• Investment Banking Interview QuestionsInterviewsAce your next interview! Check out CFI's interview guides with the most common questions and best answers for any corporate finance job position. Interview questions and answer for finance, accounting, investment banking, equity research, commercial banking, FP&A, more! Free guides and practice to ace your interview
• Financial Modeling GuideFree Financial Modeling GuideThis financial modeling guide covers Excel tips and best practices on assumptions, drivers, forecasting, linking the three statements, DCF analysis, more