Danske Bank A/S (DNSKY.PK) Thursday reported profit before tax of DKK 23.227 billion for the 9-month period, higher than DKK 19.447 billion in the same period a year ago. The company also raised its full-year profit outlook.
Net profit increased to DKK 17.634 billion or DKK 20.7 per share from DKK 15.497 billion or DKK 18 per share last year.
Net interest income for the period grew to DKK 27.452 billion from DKK 25.852 billion in the previous year.
Total income was DKK 41.836 billion, up from DKK 38.595 billion a year ago.
Fee income increased DKK 10.403 billion from DKK 9.422 billion and trading income rose DKK 2.110 billion from DKK 2.127 billion, while income from insurance business was DKK 1.407 billion, up from DKK 922 million last year.
Looking ahead, the company now expects net profit in the range of DKK 22.5 billion - DKK23.5 billion for the full year, up from the previous outlook of DKK 21 billion - DKK 23 billion.
The company also intends to distribute about DKK 5.5 billion following the sale of its personal customer business in Norway, as an extraordinary dividend during the fourth quarter.
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