[ad_1]
A person rides a bicycle past a Danske Bank branch in Copenhagen, Denmark, July 29, 2022. REUTERS/Andrew Kelly/File photo Acquire Licensing Rights
COPENHAGEN, Oct 27 (Reuters) – Danske Bank (DANSKE.CO) on Friday swung to a bigger than expected third-quarter profit, boosted primarily by high interest income and increased lending volumes for business customers.
Quarterly net profit rose to 5.31 billion Danish crowns ($751.86 million) from a 13.79 billion loss induced by provisions for a money laundering scandal a year earlier, above an estimate of 4.96 billion in an LSEG poll of analysts.
Danske narrowed the 2023 guidance for its full-year net profit to a range of 19.5 billion-20.5 billion crowns, from 18.5 billion-20.5 billion previously.
($1 = 7.0625 Danish crowns)
Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik
Our Standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link