DNB ASA logo

DNB - DNB ASA News Story

NOK181.25 -0.8  -0.4%

Last Trade - 05/05/21

Large Cap
Market Cap £24.30bn
Enterprise Value £56.17bn
Revenue £5.01bn
Position in Universe 29th / 1831

Norway's DNB warns of weaker demand as Q2 beats f'casts

Thu 11th July, 2013 6:30am
OSLO, July 11 (Reuters) - Norway's largest bank DNB  DNB.OL  warned of weakening loan demand in Norway, especially in the in the corporate sector, as it reported second-quarter results that beat expectations on Thursday.  Its net profit fell to 3.80 billion Norwegian crowns ($620.09 million), from 4.61 billion at the same time last year, beating the 3.67 billion seen in a Reuters poll of analysts. ID:nL5N0FB1N7   The bank repeated impairment losses on loans this year would be between 3-4 billion crowns. ($1 = 6.1281 Norwegian krones) (Reporting by Victoria Klesty, editing by Terje Solsvik) ((victoria.klesty@thomsonreuters.com)(+47 2293 6979)(Reuters Messaging: victoria.klesty.thomsonreuters.com@reuters.net)) Keywords: DNB RESULTS/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.