The Nordic lender’s Oslo-quoted stock plummeted 4.6% to NOK 110.20 ($17.86) shortly after the earnings update was published.
Industry observers contacted by TradeWinds believe the decline reflects concerns surrounding loan losses that were higher than the market had expected.
DNB said impairment losses on loans and guarantees amounted to NOK 554m in the three months to 30 June, a quarter in which it generated a profit of NOK 4.65bn.
The
