[ad_1]
© Reuters. PHOTO OF THE FILE: The symbol of the Danske bank can be seen at its headquarters in Copenhagen, Denmark, on October 22, 2019. REUTERS / Jacob Gronholt-Pedersen / File Photo
COPENHAGEN (Reuters) -Danske Bank raised its non-profit guidelines on Thursday this year after lower-than-expected loan deterioration in spending and higher customer activity.
Denmark’s largest lender now expects a net return of more than DKK 12 billion ($ 1.9 billion) in 2021, compared to the previous 9 to 11 billion DKK orientations.
Its shares rose 2.6% at the start of trading.
“We are adjusting our annual net profit orientation to lower-than-expected loan deterioration costs – which are faster than the expected macroeconomic recovery – as well as higher customer activity,” CEO Carsten Egeriis said in a statement.
The company’s conditions were expected to improve throughout the year, he added.
Danske Bank said its first-quarter first-quarter net profit was around the crown of $ 2.8 billion, up from the $ 2.2 billion expected by analysts in a bank survey.
The quarterly impairment costs would be about 200 million kronor, below the 989 million kroner observed in the survey.
Impairment expenses for the full year are expected to be no more than 1,500 billion kronor, compared to forecasts of more than 3.5 billion previously.
Danske Bank will release the latest issues for the first half of the year on July 23rd.
($ 1 = 6,3020 Danish kroner)
Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage based on information including data, quotes, tables and buy / sell signals on this website. Please be aware that the risks and costs associated with trading on the financial markets are one of the most risky investments possible.
[ad_2]
Source link
