Danske Bank Posts Decline In Q4 Profit

Danske Bank A/S (OTC: DNSKY) reported a drop in its Q4 net profit.

Danske Bank's quarterly net profit declined to DKK200 million, from DKK1.07 billion, versus analysts' estimates of DKK583 million. Its net interest income climbed to DKK6.18 billion from DKK6.07 billion, versus analysts' expectations of DKK6.19 billion.

Loan impairment charges rose to DKK4.79 billion from DKK3.00 billion

Danske Bank shares closed at $7.29 yesterday.