Danske Bank lifts net profit guidance to $1.9bn after ‘faster than anticipated macroeconomic recovery’
Danske Bank has today lifted its net profit guidance for this year to 12bn Danish crowns ($1.9bn), after ‘faster than anticipated macroeconomic recovery’ rallied confidence.
The bank, which is Denmark’s largest lender, raised the guidance to 12bn crowns from around nine to 11bn crowns.
“We adjust our net profit guidance for the year based on lower-than-expected loan impairment charges – due to a faster than anticipated macroeconomic recovery – as well as higher customer activity,” CEO Carsten Egeriis said in a statement this morning.
The banking boss added that business conditions were expected to improve further later in the year.
Impairment charges for the full year are now forecast to be no more than 1.5bn crowns, more than half its previous expectation 3.5bn at most.
Danske Bank is set to release its final figures for the first half of this financial year on 23 July.