COPENHAGEN (Reuters) -Denmark’s biggest lender Danske Bank reported first-quarter net profit above expectations on Friday and kept its full-year profit outlook unchanged.
“We delivered solid results in line with our expectations, driven by a steady development in core income and a stable cost level,” CEO Carsten Egeriis said in a statement.
“In addition, credit quality remained strong, and this resulted in low loan impairments,” he said.
Danske’s net profit for the January to March period rose 2% to 5.76 billion Danish crowns ($873 million) from a year earlier, compared with the 5.31 billion predicted by 13 analysts in a poll provided by the bank.
The bank still expects net profit for the year of between 21 billion and 23 billion crowns, slightly lower than in 2024, primarily due to lower net interest income from lower market rates.
(Reporting by Jacob Gronholt-Pedersen, editing by Stine Jacobsen)
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