Danske Bank raises profit forecast on rising interest income

A person rides a bicycle past a Danske Bank branch in Copenhagen, Denmark.— Reuters

STOCKHOLM: Danske Bank A/S raises its outlook for full-year profit as it expects higher interest income.

Denmark’s largest lender raised its projection for net income to as much as 20.5 billion kroner (US$3.1bil or RM14.1bil) in an earnings release last Friday, against as much as 18.5 billion kroner (RM13bil) previously.