Danish lender reported first quarter net profits in line with expectations
Pre-tax profit at Danske Northern Ireland fell to 457 million krone from 506 million krone last year, “reflecting a small loan impairment charge."
First-quarter net profit rose to 5.6 billion Danish krone from 5.2 billion a year earlier, compared with the 5.6 billion krone average forecast by analysts in a poll provided by the bank. Operating expenses at the bank were stable year-on-year at 6.3 billion krone amid “sustained focus on efficiency kept costs down”, said Mr Egeriis.In spite of the “geopolitical uncertainty” that characterised the first three months of the year, Danske said it had seen “some positive developments lately as many areas of the Nordic economies are performing well and inflation is trending down.
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