COPENHAGEN (Reuters) – Danske Bank adjusted its 2023 profitability target downward on Friday, after reporting better-than-expected third-quarter earnings, buoyed by high client activity.
Danske, citing significant challenges to its business in the last two years, now expects to report a return on equity (RoE) of between 8.5% and 9% in 2023, down from a previous target range of 9% to 10%.
The Danish lender reported net profit of 3.3 billion Danish crowns ($517.90 million), above an average of 3.0 billion forecast by analysts in a company-compiled poll.
($1=6.3719 Danish crowns)
(Reporting by Nikolaj Skydsgaard; Editing by Clarence Fernandez)
