DNB reported on 13 July a 19% fall in second-quarter net profit after booking a number of one-off charges, and said that while its financial ambitions are unchanged it doesn’t expect to meet them this year due to the coronavirus pandemic.

Norway’s largest lender made a profit attributable to shareholders of 4.77bn Norwegian kroner ($505.9m) compared with 5.89bn kroner a year earlier, while net interest income slipped to 9.45bn kroner from 9.58bn kroner.

Norway’s DNB bank issues warning on 2020 targets

Ian Walker

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