Bank closing day

Bank Closing Day in Greenland is a public holiday observed annually on December 31st. It marks the final day of the year when banks and financial institutions close their operations to prepare for the new year. This day is significant as it allows bank employees to complete year-end accounting, reconcile accounts, and ensure a smooth transition into the new financial year. While it is primarily a day for administrative purposes, it also serves as a time for reflection and preparation for the year ahead. Many Greenlanders use this day to finalize personal finances, settle debts, and plan for the upcoming year. The holiday is part of the festive season, leading up to New Year's Eve celebrations.