DNB to Recognize NOK19 Million Hit From Basis Swaps in 2Q
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 email@example.com
(END) Dow Jones Newswires
July 02, 2020 06:57 ET (10:57 GMT)
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