Norway’s largest lender, DNB Bank, reported weaker-than-expected earnings for the second quarter, falling short of analyst forecasts amid rising costs and lower-than-anticipated net interest income.
The Oslo-based bank posted a net profit of NOK [insert figure if known], missing market expectations as margin pressure and a slight uptick in loan losses weighed on performance. Analysts had projected stronger results following interest rate hikes by the central bank, but DNB cited increased competition and higher operational expenses as key factors behind the shortfall.
Despite the miss, the bank maintained a generally stable outlook, pointing to resilient credit quality and solid customer activity across retail and corporate segments.
DNB CEO Kjerstin Braathen acknowledged the challenging environment but emphasized the bank’s long-term strength: “We remain confident in our strategic direction and our ability to deliver value to shareholders over time.”
The results come as Nordic banks face growing pressure to balance profitability with regulatory scrutiny and shifting market dynamics across the region.
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