Better than expected from DnB Nor

Norway's largest bank DnB Nor has cut losses and has reported a result after taxes for the first quarter 2010 of NOK 2.9 billion, well above the NOK 2.25 billion expected by most analysts.(Photo: CEO Rune Bjerke)

The reports states that the result reflects the fact that the bank has lost far less on lending than expected.

DnB Nor CEO Rune Bjerke says he is satisfied with the result, despite the fact that activity in the first quarter was somewhat lower than usual.

(NRK)

Friday, 30 April 2010 07:11

Posted in Section: Business - Category: Money and Finance

Written by Rolleiv Solholm

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