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DNB Dnb Bank ASA News Story

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FinancialsConservativeLarge CapTurnaround

DNB slips after Q3 NII and fees miss expectations

** Shares in DNB DNB.OL fall around 4% after the Norwegian bank posted net interest income and fees below consensus

** NII at NOK 15.99 billion ($1.59 billion), misses consensus expectations cited by Jefferies by 1%,

** The fall is driven by lower money market rates seeing lower interest on equity as well as partial repricing effects, Jefferies adds

** The brokerage also points to fees, at NOK 3.92 billion missing expectations by 6%

** Share on track for its worst day since July 11

($1 = 10.0431 Norwegian crowns)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((agnieszka.gosciak@thomsonreuters.com; +48 58 769 66 00;))

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