DnB announced this morning its Q1 16 results. News is quite mixed as, although there is a strong improvement on the regulatory side, earnings are raising important concerns on future profitability. Revenues are in line with expectations but, stripping out the one-off elements, the picture is much gloomier with the same headwinds as those the Swedish banks are facing.
28 Apr 2016
Mixed set of results...earnings at risk
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Mixed set of results...earnings at risk
DnB announced this morning its Q1 16 results. News is quite mixed as, although there is a strong improvement on the regulatory side, earnings are raising important concerns on future profitability. Revenues are in line with expectations but, stripping out the one-off elements, the picture is much gloomier with the same headwinds as those the Swedish banks are facing.