Shares in the Greenlandic bank have increased 'noticeably' very quickly.

Trump's Greenland ambitions, which have given headaches to many, are also fueling growth for others.

Trump's aggressive ambitions have in fact caused the share price of the Greenland Bank to skyrocket dramatically and suddenly this week.

When the Copenhagen stock exchange closed on Friday, the bank's share price had risen 23 percent in just a week - and during Friday it was even higher for a short while.

- It's striking how quickly the share price has risen by 2026 in such a short period, says Mikkel Emil Jensen, who as a stock analyst covers several banks for AL Sydbank.

He says that the price increase is a result of Trump's ambitions to take ownership of Greenland. If Trump follows through on his threats, it is expected that investments will come in, which could mean higher profits for banks like the Greenland Bank.

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Greenland Bank

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The Greenland Bank was founded in 1967. Its goal was to be the bank for all of Greenland.

The bank is responsible for a large portion of loans in Greenland and has both private and corporate clients.

The bank has its headquarters in Nuuk, and its shares are traded on the Copenhagen Stock Exchange.

The largest shareholders in the bank are NALIK Ventures in Nuuk, NunaFonden Nuuk and AP Pension.

Sources: www.banken.gl and BLS Invest.

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Bank Shares in Dramatic Increases

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Bank shares have generally had a very good 2025. European ones have even risen by 65 percent in the past year, explains him. Therefore, they have risen more than even AI-mastodon Nvidia.

However, for the Greenland Bank, increases have been much less, where this week's increase brought the share price close to those of other European bank shares. Mikkel Emil Jensen immediately does not see a reason for large increases for a bank as small as the Greenland Bank.

- It's a very small market and population that the bank serves. I can't imagine anything other than the increase being due to speculators, because the USA could end up pouring a lot of money into Greenland, says Mikkel Emil Jensen.

Per Hansen, who is an investment economist at Nordnet, has also followed the share price this week. He attributes the increase to private speculators who are trying to make a quick profit because the possibility of large American investments in Greenland now seems greater.

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Many Short-Term Investments

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According to him, the stock market is increasingly characterized by short-term investments due to the news stream. This makes investors quicker to buy and sell shares than before.

This was also seen on the share price of the Greenland Bank, which around lunchtime on Friday suddenly dropped, which may be due to some speculators trying to secure a quick profit.

- News is evaluated positively as negatively. One buys if one expects a rise in the morning and sells if one expects a fall, says Per Hansen.

Trump was asked during a press conference yesterday how much money he would offer the Greenlanders to get them to become part of the USA. Listen to the answer here:

Per Hansen does not believe that the price increase is due to Americans who want to take ownership of Greenlandic companies. Instead, he believes that it is private speculators who are going after quick profits.

This trend can also be seen among Nordnet's own customers, who in the last few months have had a strong appetite for buying and selling the Greenland Bank's shares.

The numbers show that there have been approximately 50 Danish Nordnet customers who have bought or sold shares in the Greenland Bank in most of 2025's months. However, the number increased to 230 transactions in December.

In this month alone, there have already been over 1050 transactions, according to Nordnet.

According to Jacob Pedersen, who is the stock chief at AL Sydbank, the Greenland Bank is not the only share that has experienced increases due to Trump's interest. He points to several other shares - among other things, the mining company Greenland Resources.

DR has tried to get an interview with the Greenland Bank, but the bank has not responded.

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