Banks in Greenland include the following:
Greenland currently has one main commercial bank since the merger of Bank of Greenland and Nuna Bank in 1997.
Greenland is a North American autonomous territory of the Kingdom of Denmark. It is the larger out of two autonomous territories within the Kingdom, others being the Faroe Islands; the citizens of both territories are full citizens of Denmark. As Greenland is one of the Overseas Countries and Territories of the European Union, citizens of Greenland are European Union citizens. The capital and largest city of Greenland is Nuuk. Greenland lies between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. It is the world's largest island, as well as the northernmost area of the world – Kaffeklubben Island off the northern coast is the world's northernmost undisputed point of land, and Cape Morris Jesup on the mainland was thought to be so until the 1960s.
This is a demography of the population of Greenland including population density, ethnicity, economic status, religious affiliations and other aspects of the population.
The politics of Greenland, an autonomous country within the Kingdom of Denmark, function in a framework of a parliamentary representative democratic dependency, whereby the prime minister is the head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and parliament Inatsisartut. The judiciary is independent of the executive and the legislature. Greenland has full autonomy on most matters, except on policies and decisions affecting the region including negotiations with the devolved legislatures and the Folketing.
The economy of Greenland is characterized as small, mixed and vulnerable. Greenland's economy consists of a large public sector and comprehensive foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government.
The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. An IBAN uniquely identifies the account of a customer at a financial institution. It was originally adopted by the European Committee for Banking Standards (ECBS) and since 1997 as the international standard ISO 13616 under the International Organization for Standardization (ISO). The current version is ISO 13616:2020, which indicates the Society for Worldwide Interbank Financial Telecommunication (SWIFT) as the formal registrar. Initially developed to facilitate payments within the European Union, it has been implemented by most European countries and numerous countries in other parts of the world, mainly in the Middle East and the Caribbean. As of July 2023, 86 countries were using the IBAN numbering system.
The Society for Worldwide Interbank Financial Telecommunication (Swift), legally S.W.I.F.T. SC, is a Belgian banking cooperative providing services related to the execution of financial transactions and payments between limited banks worldwide. Its principal function is to serve as the main messaging network through which limited international payments are initiated. It also sells software and services to financial institutions, mostly for use on its proprietary "SWIFTNet", and assigns ISO 9362 Business Identifier Codes (BICs), popularly known as "Swift codes".
Nuuk is the capital of and most populous city in Greenland, an autonomous territory in the Kingdom of Denmark. Nuuk is the seat of government and the territory's largest cultural and economic center. The major cities from other countries closest to the capital are Iqaluit and St. John's in Canada and Reykjavík in Iceland. Nuuk contains a third of Greenland's population and its tallest building. Nuuk is also the seat of government for the Sermersooq municipality. In January 2023, it had a population of 19,604. Nuuk is considered a modernized city after the policy began in 1950.
ISO 9362 is an international standard for Business Identifier Codes (BIC), a unique identifier for business institutions, approved by the International Organization for Standardization (ISO). BIC is also known as SWIFT-BIC, SWIFT ID, or SWIFT code, after the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is designated by ISO as the BIC registration authority. BIC was defined originally as Bank Identifier Code and is most often assigned to financial organizations; when it is assigned to non-financial organization, the code may also be known as Business Entity Identifier (BEI). These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements.
Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office.
Effie M. Morrissey is a schooner skippered by Robert Bartlett that made many scientific expeditions to the Arctic, sponsored by American museums, the Explorers Club and the National Geographic Society. She also helped survey the Arctic for the United States Government during World War II. She is currently designated by the United States Department of the Interior as a National Historic Landmark as part of the New Bedford Whaling National Historical Park. She is the State Ship of Massachusetts.
The Danish Realm, officially the Kingdom of Denmark, is the area over which the monarch of Denmark is head of state. It consists of metropolitan Denmark—the kingdom's territory in continental Europe and sometimes called "Denmark proper" —and the realm's two autonomous regions: the Faroe Islands in North Atlantic and Greenland in North America. The relationship between the three parts of the Kingdom is also known as The unity of the Realm.
The following outline is provided as an overview of and topical guide to Greenland:
The BANK of Greenland is one of two commercial banks in Greenland, listed on the Copenhagen Stock Exchange as GRLA, with 2,700 shareholders in 2017. Headquartered in Nuuk, the bank had 118 employees in 2017.
The General Trade Company was a Dano-Norwegian trading company charged with administering the realm's settlements and trade in Greenland. The company existed from 1747 to 1774 and managed the government of Greenland from 1749.
After being a part of the European Communities (EC) for twelve years, Greenland withdrew in 1985. It had joined the EC in 1973 as a county of Denmark, even though a majority in Greenland was against joining. In a consultative referendum in 1982, 53% of the electorate of Greenland voted to withdraw from the Communities. This latter referendum became possible after the introduction of home rule in Greenland in 1979. Following its withdrawal, which was regulated through the Greenland Treaty, the relationship between Greenland and the EC was partly settled through an association under Overseas Countries and territories (OCT) status. In recent years, the Greenlandic withdrawal from the European Communities has marginally been referred to as "Greenxit".
In 2015 and 2016, a series of cyberattacks using the SWIFT banking network were reported, resulting in the successful theft of millions of dollars. The attacks were perpetrated by a hacker group known as APT 38 whose tactics, techniques and procedure overlap with the infamous Lazarus Group who are believed to be behind the Sony attacks. Experts agree that APT 38 was formed following the March 2013 sanctions and the first known operations connected to this group occurred in February 2014. If the attribution to North Korea is accurate, it would be the first known incident of a state actor using cyberattacks to steal funds.
The SWIFT ban against some Russian banks is one of the 2022 sanctions against Russia imposed by the European Union and other western countries, aimed at weakening the country's economy to end its invasion of Ukraine by hindering Russian access to the SWIFT financial transaction processing system.