DNB reported decent Q2 figures with a reported ROE of 15.4%, but as the bank missed on core lines and expectations going into the report were high – the share was down ~9% on reporting day. The volume development continued to be good in the quarter with FX-adj lending growth of 1.7% and a solid deposit development in PC and BCN. The bank notes that competition remains fierce and commented that it intensified somewhat in Q2, which is line with what we have been seeing in the market. The bank did ....
