DNB to Recognize NOK212 Million Hit From Basis Swaps in 2Q

By Dominic Chopping

Norway's largest lender DNB ASA said Friday that it will recognize a negative effect of 212 million Norwegian kroner ($24.6 million) from basis swaps connected to funding in the second quarter of 2021.

It will also recognize a positive effect of NOK59 million from additional Tier 1 capital, it said.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

07-02-21 0517ET