The Royal Bank is opening an outlet in Kinngait, Finance Minister George Hickes announced in the legislative assembly on Monday.
Kinngait residents will have access to Royal Bank community banking services at West Baffin Co-operative.
“I believe this partnership benefits the residents of Kinngait as they now can bank in-person in their community. The Government of Nunavut will continue working with our banking partner to provide these much-needed banking services to Nunavummiut,” Hickes said.
The Royal Bank has a branch in Iqaluit and opened outlets in Arviat in 2018 and in Pangnirtung in 2019.
“These efforts were a result of the Government of Nunavut’s 2016 request for proposal for banking services. The proposal focuses on expanding and improving banking services available to Nunavummiut, especially in communities where there are currently no physical banking operations,” the Finance minister said.
Kinngait’s population is approximately 1,450 residents.