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Bank of Greenland's nine-month profit rises 8.6% yr/yr

By Reuters News


Overview

  • Greenland bank's nine-month pretax profit rose 8.6% yr/yr to DKK 143.9 mln

  • Profit exceeded expectations, driven by higher net interest and lower expenses

  • Company expects full-year pretax profit at upper end of DKK 195-220 mln forecast


Outlook

  • Company expects 2026 profit before tax at upper end of DKK 195-220 mln range


Result Drivers

  • NET INTEREST AND EXPENSES - Co said profit exceeded expectations due to improvement in net interest and expenses

  • NET INTEREST AND FEE INCOME - Net interest and fee income rose by DKK 8.0 mln yr/yr

  • LOWER COSTS - Total costs including write-offs decreased to DKK 189 mln from DKK 191.4 mln


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Pretax Profit

DKK 143.90 mln


Reuters Recommended Reads

  • Nov 3 - Austria's Raiffeisen Bank 9-month profit rises 10% year-on-year

  • Nov 3 - Sweden's NOBA Bank Group Q3 loan portfolio rises on growth across segments

  • Nov 3 - Singapore's United Overseas Bank Q3 profit falls from previous quarter


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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