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DNB is punished by falling prices on the Oslo Stock Exchange after quarterly figures
The share returned 4.2 percent to 155.85 crowns on Thursday afternoon.
Profit before taxes in the second quarter was NOK 7.632 million, compared to 6.819 million crowns last year. The bank's long-term slot machine, DNB Markets, reported pre-tax profit of NOK 710 million in the second quarter, according to the bank's quarterly report.
This figure rose from NOK 894 million in the same period last year to NOK 1045 million in the first quarter of this year.
The business turnover amounts to NOK 1,466 million, compared to NOK 1,639 million in Q2 last year and NOK 1,804 million in the first quarter of this year.
– We have been spoiled for several quarters. It is important to say that the composition of income derived from DNB Markets is as important as it is worth a billion, says DNB chief Rune Bjerke at TDN Direkt.
– Growth in Quality
Bjerke points out to the news agency that DNB has grown into the so-called quality income. In addition, it invests in customer-focused activities, such as investment banking.
Revenues from investment banking operations increased from $ 338 million in the second quarter last year to $ 390 million in the second quarter.
– We have some He thinks that the most important growth is the most important, he says.
DNB Markets' main income item is also bonds, currencies and commodities. This figure rose from 558 million in the second quarter of last year to 519 million NOK in the second quarter of this year
Trading disappointed
Bjerke admits nevertheless that the listing of DNB Markets has disappointed.
– We do not have it We have been preoccupied with hedging currency fluctuations that we might have assumed, and as has been the case in previous quarters. According to TDN Direkt, the general manager of TD Direkt must also make money market transactions and gains, but he believes that a volatile segment like trading should not be the foundation of the investment bank . fbAsyncInit = function () {
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