GrønlandsBANKEN, Aktieselskab reported earnings results for the first quarter ended 31 March 2013. For the quarter, the company reported net income from interest was DKK 51,907,000 as compared with DKK 50,555,000 for the same period in the last year. This increase stems from improved interest margins compared with 2012, and a larger holdings of bonds. Profit on ordinary activities was DKK 32,093,000 as compared with DKK 32,650,000 for the same period in the last year. Net profit for the financial period was DKK 21,887,000 or DKK 12.2 per share after tax as compared with DKK 22,269,000 or DKK 12.4 per share after tax for the same period in the last year ear. The profit before price adjustments and impairments rose very satisfactorily to DKK 34,653,000 as compared with DKK 32,600,000 during the same period of 2012. Return on shareholders' equity after tax is 2.6% against 2.8% for the same period in the last year. Net income from interest and charges was DKK 68,473,000 against DKK 67,277,000 for the same period in the last year. For the period, impairment of loans and advances amounted to DKK 3,132,000 as compared with DKK 3,109,000 for the same period in the last year. Based on unchanged volume of lending and interest margins in 2013, the bank's total income for 2013 is expected to remain unchanged. For the entire year of 2013, the profit before price adjustments and impairments still is expected to continue in the range of DKK 125 million - 145 million as compared with DKK 141 million in 2012.

GrønlandsBANKEN, Aktieselskab at its AGM held on March 20, 2013, approved the dividend of 55% for the year 2012.

GrønlandsBANKEN, Aktieselskab proposed to the annual general meeting that the dividend for 2012 be increased to DKK 55 per share or a total of DKK 99 million in 2012.