Danske Bank profits beat forecasts on interest income boost

COPENHAGEN, Oct 27 - Danske Bank on Friday reported a bigger than expected third-quarter profit, boosted primarily by high interest income, and narrowed its full-year earnings guidance, sending its shares up more than 6%.

Danske, Denmark's biggest bank, narrowed its 2023 guidance for full-year net profit to a range of 19.5 billion-20.5 billion crowns, from 18.5 billion-20.5 billion previously. "The financial results for the third quarter and the first nine months of 2023 as a whole were driven primarily by higher net interest income ... due to the improved interest rate environment," Danske said in a statement.

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