DnB has released its numbers for Q3 17. Total income at NOK12.93bn is 2% above expectations (in line with our forecasts but 4% above when adjusted for the lower revenues in the corporate centre). Net interest income was roughly in line with expectations and the beat was mainly driven by higher trading income (at NOK1.06bn vs NOK864m expected) but slightly higher fees also helped (NOK2.15bn vs NOK2.09bn). Total expenses at NOK5.52bn are 4.3% higher (1.3% higher when adjusted for one-off costs
27 Oct 2017
A solid set of numbers...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A solid set of numbers...
DnB has released its numbers for Q3 17. Total income at NOK12.93bn is 2% above expectations (in line with our forecasts but 4% above when adjusted for the lower revenues in the corporate centre). Net interest income was roughly in line with expectations and the beat was mainly driven by higher trading income (at NOK1.06bn vs NOK864m expected) but slightly higher fees also helped (NOK2.15bn vs NOK2.09bn). Total expenses at NOK5.52bn are 4.3% higher (1.3% higher when adjusted for one-off costs