Danske Bank profit rises more than expected on high activity, low losses
Danske Bank profit rises more than expected on high activity, low losses
Thu, October 29, 2026 at 6:57 AM UTC
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COPENHAGEN, Oct 29 (Reuters) - Danske Bank on Thursday reported a third-quarter net profit above estimates, citing solid customer activity and strong credit quality, and narrowed its full-year profit outlook to the upper end of its previously given range.
• "Credit quality remained robust in the third quarter, with low loan impairment charges below normalised levels," the bank said in a statement
• Net profit for July-September rose to 6.39 billion Danish crowns ($954.46 million) from 5.52 billion a year earlier, beating the 5.94 billion expected on average by 16 analysts in a poll provided by the bank
• The bank now expects a full-year profit of between 24 billion and 25 billion crowns up from a previous range of 23 billion to 25 billion crowns
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• Net interest income for the period rose slightly to 9.61 billion crowns from 9.07 billion a year earlier, in line with analysts' average forecast of 9.68 billion
• The Nordic economies stayed resilient in the third quarter, and the outlook for economic activity is generally positive despite higher and fluctuating energy prices, the bank said
($1 = 6.6949 Danish crowns)
(Reporting by Louise Rasmussen, editing by Terje Solsvik)
Source: “AOL Money”
