DnB NOR ASA (DNBNOR.OS): 1Q 2009 Earnings
Due: May 6 around 0600 GMT
DJ/Factset Survey of 9 Analysts
Average Net Profit: NOK2.24B (NOK1.06B in 1Q 08)
Average Net Interest Income: NOK6.05B, +21% (NOK5.02B in XQ 2006)
Average Loan Losses: NOK2.07B (NOK195M in 1Q 08)
Note: Net profit is seen more than doubling from a year ago, when it suffered NOK2.5B in mark-to-market writedowns on its bond and equity portfolios, values that are now being gradually restored following accounting changes. Observers will eye deposit margins, which have dropped dramatically for Norwegian savings banks, and look for reassurance that core banking is developing strongly to offset rising loan losses in its Baltic and shipping portfolios. (ANM)
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(END) Dow Jones Newswires
May 04, 2009 07:43 ET (11:43 GMT) | 
