Danske Bank exceeds Q3 net profit expectations, raises full-year profit forecast to 22.5-23.5 billion Danish crowns.

Danske Bank, Denmark's largest lender, reported a third-quarter net profit of 6.17 billion Danish crowns ($897.78 million), exceeding expectations and prompting an increase in its full-year profit forecast to 22.5-23.5 billion crowns. The bank's strong performance was fueled by lower non-recurring expenses and improved credit quality, with loan impairment charges significantly reduced. The positive macroeconomic environment and effective cost management also contributed to the results.

October 31, 2024
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