© Reuters. FILE PHOTO: People walk past DNB bank branch in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins
OSLO (Reuters) – Norway’s biggest bank DNB on Tuesday reported quarterly earnings above forecasts, supported by interest rate hikes and high activity levels in the Norwegian economy.
Net profit rose to 7.79 billion crowns ($761.36 million) for the April-June quarter from 6.43 billion a year earlier, beating the 6.76 billion crowns expected by analysts in a poll compiled by the bank.
($1 = 10.2317 Norwegian crowns)