By Dominic Chopping

Norway's largest lender, DNB ASA, said Thursday that it will recognize a negative effect of 19 million Norwegian kroner ($2 million) from basis swaps connected to funding in the second quarter of 2020.

It will also recognize a negative effect of NOK1.34 billion from additional Tier 1 Capital, it said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

July 02, 2020 06:57 ET (10:57 GMT)