Unexpected big profits for Danske Bank


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Tuesday, 10 May 2011
Danish big bank, Danske Bank, which is also the fifth biggest banks in the Swedish banking market, reports a profit before tax of Dkr1.5 billion for the first quarter. It was slightly more than expected.
Analysts had on average expected a profit of Dkr1.4 billion.

Net interest income fell from Dkr6 billion to Dkr5.6 billion, against the expected Dkr5.9 billion. While the costs of problem loans fell from Dkr4.3 billion to Dkr2.8 billion, against the expected Dkr2.6 billion.
By Team

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