Norway’s largest bank DNB (DNB.OL), opens new tab reported a bigger-than-expected jump in second-quarter earnings on Thursday, and also forecast loan growth to pick up in the second half of 2024, supported by a stable Norwegian economy.
“Increasing wages and more stable interest rates have helped shift the mood among our customers,” CEO Kjerstin Braathen said in a statement.
Shares in DNB rose 5% in early trade after the lender’s net interest income and income from fees and commissions also topped expectations.
Source: REUTER
