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Bank Of Greenland
The BANK of Greenland ( da, GrønlandsBANKEN) 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. History The Bank of Greenland was founded on 26 May 1967 by a number of Danish banks, during the era when Greenland was still a province of Denmark. The founding banks were Privatbanken, Danske Bank, Kjøbenhavns Handelsbank, and an organization of local banks, provincial and Copenhagen-based. Operations started in Nuuk on 1 July 1967, while local branches in Ilulissat, Sisimiut, and Qaqortoq followed in 1985, and in Maniitsoq in 1989. On 8 June 1985 the bank merged with ''Nuna Bank'' (formerly ''Bikuben''), with the capital of 120 million Danish krone (DKK), retaining the name of Grønlandsbanken, and becoming the only commercial bank in the country. Later, the BankNordik, which has its headquarters on the Faroe Islands, established itself as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktieselskab
''Aktieselskab'' (; Abbreviation, abbr.: A/S, or a/s, Unicode ; literally meaning: "stock company") is the Denmark, Danish name for a stock-based corporation. An ''aktieselskab'' may be either publicly traded or private. Liability The shareholders of an ''aktieselskab'' are not liable for the debts of the company. This can be used to protect the assets of the company against creditors by forming a group of companies. If an A/S is owned by a holding company (typically another A/S), the profit from the production company can be transferred to the holding company. Since there is no liability for the owners of an A/S, creditors from the production company will not be able to claim the profit in case of bankruptcy. Professional creditors, such as banks, protect themselves from this by demanding that the holding company guarantees the debts of the production company. Formation of an ''aktieselskab'' The formation of an ''aktieselskab'' requires a number of steps, including the followi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ilulissat
Ilulissat, formerly Jakobshavn or Jacobshaven, is the municipal seat and largest town of the Avannaata municipality in western Greenland, located approximately north of the Arctic Circle. With the population of 4,670 as of 2020, it is the third-largest city in Greenland, after Nuuk and Sisimiut. The city is home to almost as many sled-dogs as people. In direct translation, Ilulissat is the Kalaallisut word for "Icebergs" ( da, Isbjerge). The nearby Ilulissat Icefjord is a UNESCO World Heritage Site, and has made Ilulissat the most popular tourist destination in Greenland. Tourism is now the town's principal industry. The city neighbours the Ilulissat Icefjord, where there are enormous icebergs from the most productive glacier in the northern hemisphere. History The town was established as a trading post by Jacob Severin's company in 1741 and was named in his honor.Marquardt, Ole.Change and Continuity in Denmark's Greenland Policy in ''The Oldenburg Monarchy: An Underest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1967
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Greenland ...
Banks in Greenland include the following: *Bank of Greenland (GrønlandsBANKENSWIFT: GRENGLGX * BankNordikbr>SWIFT: FIFBFOTX Greenland currently has one main commercial bank since the merger of Bank of Greenland and Nuna Bank in 1997. {{North America topic, List of banks in * Banks Greenland Greenland Greenland ( kl, Kalaallit Nunaat, ; da, Grønland, ) is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Greenland
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. GDP per capita is close to the average for European economies, but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the Self-rule Government, which in turn employs 10,307 Greenlanders out of 25,620 currently in employment (2015). Unemployment nonetheless remains high, with the rest of the economy dependent upon demand for exports of shrimp and fish. Historical development Except for an abortive royal colony established under Major Claus Paarss between 1728 and 1730, colonial Greenland was administered by companies under royal charter until 1908. Hans Egede's Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Transilvania
Banca Transilvania S.A. (also BT or TLV) is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign. BT is the largest bank in Romania in terms of assets, with a market share of over 16%. Its activities are organized into four main business lines: corporate banking, IMM, retail banking and medical division. BT has about 1.76 million customers, 550 locations, and over 7,000 employees. Since June 2013, the CEO of BT has been Ömer Tetik.Obiectivul principal al lui Tetik, noul CEO al Băncii Transilvania: să ridice cota de pia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pilersuisoq
Pilersuisoq is a chain of all-purpose general stores in Greenland, a major division of the Parliament of Greenland, state-owned KNI (Greenland Trade), KNI conglomerate. Like its parent company, it is based in Sisimiut (Holsteinsborg), the list of cities in Greenland, second-largest town in Greenland. Lars Behrendt is the administrative director of the company since 2008. Operations The chain operates 64 outlets in all small settlements in the country, as well as smaller towns which are not, except for Aasiaat, covered by the Pisiffik or Brugseni, Brugsen supermarket chains. The stores in remote settlements are supplied by Royal Arctic Line but the intervals between the shipments are long, with some settlements like Ittoqqortoormiit and Qaanaaq only served twice a year. Post and banking Pilersuisoq stores have an integrated Post Greenland office, the employees of which also process bank operations on behalf of the Bank of Greenland. Duty-free Pilersuisoq also operates th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post Greenland
Tusass A/S, doing business as Tusass (formerly Greenland Technical Organization and Tele-Post), is a Greenlandic postal and telecommunications company dating back to 1879. Tusass is the largest telecommunications company in Greenland. The company's headquarters are located in Nuuk. The company is divided into three business areas: Postal service (Mail), Commercial and Technology and IT. Tusass manages the top-level domain for Greenland .gl, and owns the sea cable Greenland Connect. History TELE Greenland A/S was created in 1997, by the merging of TELE Greenland and Kalaallit Allakkeriviat (Greenland Postal Service). After the merger, Kalaallit Allakkeriviat became a business unit and was renamed as POST Greenland. The common designation "TELE-POST" for both business came into being. TELE Greenland A/S was rebranded as Tusass in 2021. Tusass is Greenlandic slang for "talk to you later". Services Mobile Back in 2009, TELE Greenland had partnered with Nokia Siemens Netw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BankNordik
BankNordik is a Faroe Islands-based financial services company that provides banking and insurance services. It also provides some services in Denmark and Greenland Greenland ( kl, Kalaallit Nunaat, ; da, Grønland, ) is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland is t .... The Faeroese bank was previously known as Føroya Banki but after acquiring assets abroad, a new name was chosen to reflect its new market reach. It is one of the two full-service banking firms in the Faroe Islands. The bank's services cover 40% of the market share in the Faroe Islands. Mergers and acquisitions Over the years BankNordik has acquired similar assets while also divesting from some markets. *In February 2010 it acquired 12 branches of Sparbank in Greenland. *In 2011 the bank acquired some assets of Amagerbanken. References External linksBank Profile: P/ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maniitsoq
Maniitsoq (), formerly Sukkertoppen, is a town in Maniitsoq Island, western Greenland located in the Qeqqata municipality. With 2,534 inhabitants , it is the sixth-largest town in Greenland. History Archaeological finds indicate that the area has been settled for more than 4,000 years. The modern town was founded as New or Nye-Sukkertoppen in 1782 by Danish colonists relocating from the original Sukkertoppen, a trading post founded in 1755 at the site of present-day Kangaamiut. In time, the original name was taken up again. In the 19th century, the town served as a major trading post for the Royal Greenland Trading Department's trade in reindeer hides. Maniitsoq Municipality was a former municipality of Greenland. It is now part of Qeqqata Municipality. Industry There have been plans for an Alcoa aluminium smelting plant either at Maniitsoq or Sisimiut for an extended period, at least since 2008, without progressing to construction. The plant would provide employment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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