Danske Bank has today swung to a bigger than expected third-quarter profit, boosted primarily by high interest income and increased lending volumes for business customers.
Quarterly net profit rose to 5.31 billion Danish crowns ($751.86m) from a 13.79 billion loss induced by provisions for a money laundering scandal a year earlier.
This was above an estimate of 4.96 billion in an LSEG poll of analysts.
Danske narrowed the 2023 guidance for its full-year net profit to a range of 19.5 billion-20.5 billion crowns, from 18.5 billion-20.5 billion previously.
