Danske Bank posts Q2 net profit above expectations

Credit: REUTERS/STAFF

COPENHAGEN, July 17 (Reuters) - Danske Bank DANSKE.CO beat second-quarter net profit expectations on Friday and saw a rebound in lending activity which positively affected its net interest income.

Denmark's biggest lender reported a net profit of 2.33 billion Danish crowns ($356 million), topping the 992 million forecast by analysts on average, but down around 42% from the a year earlier.

Danske reported impairment charges worth 1.02 billion in the second quarter, below the 1.72 billion crowns forecast by analysts in a poll on Danske's website.

(Reporting by Nikolaj Skydsgaard; editing by Jason Neely)

((Nikolaj.Skydsgaard@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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