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Danske Bank beats forecasts, profits up

Thursday, February 07 07:52:17

Denmark's biggest financial institution, Danske Bank, today reported a near fourfold rise in quarterly pretax profits, beating forecasts on the back of a drop in loan impairments.

The Nordic region's second-biggest lender said fourth-quarter pretax profits rose to 2.26 billion Danish crowns ($410 million), beating an average 1.86 billion forecast in a poll of analysts.

The bank said it would not propose a dividend for 2012. ( C) Reuters

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