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DNB - DNB ASA News Story

NOK181.25 -0.8  -0.4%

Last Trade - 05/05/21

Sector
Financials
Size
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/
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