Arab Today, arab today irish debts cloud brighter picture for danske bank
Last Updated : GMT 20:48:33
Arab Today, arab today
Arab Today, arab today

Irish debts cloud brighter picture for Danske Bank

Arab Today, arab today

Arab Today, arab today Irish debts cloud brighter picture for Danske Bank

Copenhagen - Arabstoday

Denmark\'s biggest lender Danske Bank took a 4 billion crown (Dh2.8 billion) hit from Irish bad debts in the first half of the year and said the country remained a challenge although its home market stabilised. Danske, which owns National Irish Bank in the Republic of Ireland and Northern Bank in Northern Ireland, reported consensus-beating second-quarter profits after higher than expected trading income and a 21 per cent fall in bad loans. The bank did not give a quarterly breakdown for bad loans, but said in the first six months of 2011 total loan impairment charges were 5.87 billion crowns, the majority stemming from Ireland while those related to Danish retail banking approached normal levels. \"The Group expects a decline in loan impairment charges from the 2010 level, although charges will remain high in Ireland and Northern Ireland,\" Danske said in a statement. Article continues below Second-quarter pretax profit rose to 2.08 billion Danish crowns from 1.74 billion a year earlier, exceeding an average estimate of 1.66 billion in a Reuters poll of analysts. Net interest income fell slightly to 5.79 billion crowns from 5.93 billion in the year-ago quarter, in line with forecasts, while net trading income for the quarter fell to 2.45 billion, beating a 1.73 billion average forecast by analysts. Strong income \"Ireland and Northern Ireland are clearly Danske Bank\'s problem right now,\" said Nykredit Markets analyst Mads Thinggard. \"It is strong trading income which again saves the result,\" he added. \"Interest income rose as expected, which I believe is very important. It puts Danske Bank in a good spot this quarter and amongst its Nordic peers.\" The bank did not give specific full-year financial guidance, but Chief Executive Peter Straarup said in a statement that banking activities still showed robust earnings. \"We have achieved positive results in all our markets, except the two Irish ones. The result of the Danish banking unit is particularly encouraging,\" Straarup said. Activity at the banking units and at Danske Capital is likely to remain stable, while the trend in earnings at the other capital markets units will depend on financial market trends,\" Danske Bank said. Shares in Danske Bank were down 1.1 per cent by 0823 GMT, holding up better than the Nordic banks\' index.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today irish debts cloud brighter picture for danske bank Arab Today, arab today irish debts cloud brighter picture for danske bank

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today irish debts cloud brighter picture for danske bank Arab Today, arab today irish debts cloud brighter picture for danske bank

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday