Danske Bank’s Earnings Beat Estimates on Lending, Trading

07/21/2023 13:28
Danske Bank’s Earnings Beat Estimates on Lending, Trading

Danske Bank A/S, Denmark’s largest lender, posted second-quarter net interest income which beat analyst estimates, supported by both the bank’s lending and trading activities.

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A Danske Bank A/S branch in Aalborg, Denmark.

A Danske Bank A/S branch in Aalborg, Denmark.

Photographer: Cathrine Ertmann/Bloomberg

Danske Bank A/S, Denmark’s largest lender, posted second-quarter net interest income which beat analyst estimates, supported by both the bank’s lending and trading activities.

Danske, which also raised its 2023 financial forecasts, said net interest income rose 47% from a year ago, to 8.52 billion Danish kroner ($1.27 billion), according to a statement. Analysts had projected 8.47 billion kroner. Net income also improved from a year earlier, to 5.01 billion kroner, versus an analyst estimate of 4.54 billion kroner.

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