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Denmark's central bank says lower growth might dampen banks' earnings

Credit: REUTERS/FABIAN BIMMER

May 27, 2019 — 02:03 am EDT

Written by Reuters ->

COPENHAGEN, May 27 (Reuters) - Denmark's central bank said on Monday that lower economic growth may cause bank earnings to fall.

"A substantial dampening of economic growth would lead to higher loan impairment charges and consequently lower earnings in the banks in the future," the central bank said in its financial stability analysis.

(Reporting by Stine Jacobsen; Editing by Toby Chopra)

((stine.jacobsen@thomsonreuters.com; +45 21 56 90 10; Reuters Messaging: stine.jacobsen.thomsonreuters.com@reuters.net))

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