Danske Bank raises profit guidance

Credit: REUTERS/STAFF

Danske Bank on Tuesday raised its full-year profit guidance, citing lower costs and improved market conditions.

COPENHAGEN, Oct 27 (Reuters) - Danske Bank DANSKE.CO on Tuesday raised its full-year profit guidance, citing lower costs and improved market conditions.

Denmark's biggest lender now expects net profit of 4 billion to 4.5 billion Danish crowns ($635 million to $715 million), up from a July estimate of at least 3 billion crowns, it said.

($1 = 6.2952 Danish crowns)

(Reporting by Nikolaj Skydsgaard)

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

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