Norway’s DNB misses Q1 forecast on mounting loss provisions
Norway’s DNB reported a
surprise drop in first-quarter profits on Thursday as the bank
set aside reserves to meet future loan defaults amid the
COVID-19 pandemic and a plunge in oil prices that hurt many
clients.
surprise drop in first-quarter profits on Thursday as the bank
set aside reserves to meet future loan defaults amid the
COVID-19 pandemic and a plunge in oil prices that hurt many
clients.
Posted by Reuters
