Core Points - The European Investment Bank (EIB) and finance&invest.brussels have signed a €50 million ($57.6 million) loan agreement to enhance SME lending [1] - This agreement will enable finance&invest.brussels to provide up to €140 million in new loans to local SMEs and mid-caps under more favorable terms [1][2] Group 1: Objectives and Impact - finance&invest.brussels aims to facilitate funding for business expansion and job creation by reducing collateral requirements and improving lending conditions [2] - The institution focuses on sectors such as financial and legal technology, urban agriculture, creative industries, and sustainable food production [2][3] - The CEO of finance&invest.brussels emphasized the importance of supporting entrepreneurs in their growth and transition projects in a changing economic environment [3] Group 2: Previous Collaborations and Financial Support - The loan agreement extends the previous collaboration between finance&invest.brussels and the European Investment Fund, which has provided guarantees of €54 million in 2021 and €78 million in 2023 to support local SMEs and mid-caps [4] - The EIB and European Commission also recently agreed on a €400 million facility agreement with the Palestine Monetary Authority, indicating ongoing financial support initiatives [5]

Core Insights - The BANK of Greenland reported a profit before tax of DKK 39.1 million for Q1 2025, a decrease from DKK 61.8 million in Q1 2024, primarily due to declining interest rates [1] - Lending increased by DKK 94 million to DKK 5,125 million by the end of March 2025, while guarantees decreased by DKK 35 million to DKK 1,388 million [2] - Net interest and fee income fell by DKK 11.7 million to DKK 108.0 million compared to Q1 2024, attributed to lower interest rates [3] - Total expenses rose to DKK 64.4 million in Q1 2025 from DKK 59.2 million in Q1 2024, driven by increased staff and IT-related expenses [4] - Value adjustments showed a capital gain of DKK 7.2 million, up from DKK 5.4 million in the same period last year, benefiting from positive bond market trends [5] - Impairment write-downs for loans and guarantees increased to DKK 13.4 million in Q1 2025 from DKK 5.3 million in Q1 2024, although creditworthiness remains satisfactory [6] - The forecast for profit before tax for 2025 remains unchanged at DKK 150-185 million [7]