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Danske Bank beats fourth-quarter net profit expectations

FILE PHOTO: A man walks into Danske bank headquarters in Copenhagen
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COPENHAGEN (Reuters) - Danske Bank beat fourth-quarter net profit forecasts on Wednesday and said it expects to earn a net profit between 8 to 10 billion Danish crowns (£906.6 million-£1.1 billion) in 2020. Chief Executive Chris Vogelzang said results were as expected, but negative interest rates, margin pressure and increased costs related to compliance had a "negative effect". "All in all,..
Date Published: Feb 05, 2020
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