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DNB Dnb Bank ASA News Story

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FinancialsConservativeLarge CapTurnaround

DNB slips on Q1 NII, fees miss

** Shares in DNB DNB.OL fall around 4.5% after the Norwegian bank posted net interest income and fees below consensus

** NII at NOK 15.30 billion ($1.65 billion) misses company-provided consensus expectations by 2%

** Key driver was the negative impact from spreads (lending spreads down 9bp with deposit spreads up 1bp), says Jefferies

** The brokerage also points to fees at NOK 4.13 billion, missing expectations by 3%

** Including today's fall the stock has dropped by 1.49% YTD ​

($1 = 9.2915 Norwegian crowns)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.Gosciak@thomsonreuters.com; +48 58 769 66 00;))

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