Automatic translation: Originally published in Danish 04/11/2026, 14:24 GMT. Give feedback here.

GrønlandsBANKEN released its Q3 2026 report this afternoon, showing continued bottom-line progress after the first nine months of the year. Underlying operations rose significantly during the quarter, and the bank reiterates its guidance for 2026 – now expecting to land in the upper end of the range.

Thus, GrønlandsBANKEN posted a profit before tax of DKK 143.9 million for the first nine months of 2026 compared with DKK 132.5 million in the same period of 2025, corresponding to a return on opening equity after dividend of 12.9% p.a. Viewed in isolation for Q3 2026, profit before tax was DKK 46.5 million vs. DKK 48.1 million in Q3 2025 and DKK 61.2 million in Q2 2026. The slight year-on-year contraction is due to lower market value adjustments and slightly higher loan-loss provisions in the quarter, while underlying operations moved in the opposite direction.

Profit before market value adjustments and loan-loss provisions stood at DKK 143.3 million after nine months vs. DKK 133.4 million the year before, and viewed in isolation for Q3, there was an increase to DKK 47.8 million from DKK 38.7 million. Net interest and fee income rose by DKK 8.0 million to DKK 327.9 million, while costs including depreciation decreased to DKK 189.0 million from DKK 191.4 million – and the bank highlights that the result is better than expected at the beginning of the year due to the development in both net interest income and costs.

Loan-loss provisions on lending and guarantees fell to DKK 5.8 million from DKK 14.6 million, corresponding to 0.1% of total lending and guarantees, while market value adjustments represented a gain of DKK 6.4 million vs. DKK 13.6 million the year before. Since the end of 2025, lending has grown by DKK 107 million to DKK 5,029 million, guarantees have increased by DKK 97 million to DKK 1,372 million, and the capital ratio is 27.1 vs. a solvency requirement of 10.2%.

GrønlandsBANKEN reiterates its guidance for a 2026 profit before tax of DKK 195–220 million, which was upgraded from DKK 180–205 million in a company announcement on July 20, 2026, but now expects to land in the upper end of the range. The current guidance indicates a profit before tax in Q4 2026 of DKK 51–76 million vs. DKK 48.9 million in Q4 2025, and an overall full-year increase of 8–21% compared with DKK 181.4 million in 2025.

You can read the full report here: https://www.banken.gl/da/om-os/investor-relations/regnskaber/

Remember that tomorrow – Thursday, November 5 at 2:30 p.m. – we have the great pleasure of inviting you to a presentation of the interim report and the latest developments. Joining us from GrønlandsBANKEN is CEO Martin Kviesgaard, who will also answer questions from the audience. Sign up here: https://www.inderes.dk/videos/gronlandsbanken-praesentation-af-regnskabet-for-3-kvartal-2026

Disclaimer: HC Andersen Capital receives payment from GrønlandsBANKEN for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 3:20 p.m. November 4, 2026.