Danske Bank Posts Rise In Q2 Profit

Danske Bank A/S

posted a rise in its second-quarter net profit. The bank's quarterly net profit surged to DKK1.50 billion, versus DKK1.20 billion, in the year-ago period. However, analysts were expecting a net profit of DKK723 million. Its loan impairment charges rose to DKK3.11 billion from DKK2.75 billion, versus analysts' estimates of DKK3.35 billion. The bank's net interest income climbed to DKK6.22 billion from DKK5.79 billion. Danske Bank shares closed at $7.55 yesterday.