Services

DNB hit by oil crisis in second quarter

Norwegian bank DNB delivers lower profit in the second quarter because of increasing impairments on loans, especially to the oil sector. Impairments grew to USD 273 million, up from about USD 83 million one year ago.
Rune Bjerke, CEO of DNB, at the bank's capital markeds day in London, November 2015. | Photo: PR-foto: Olav Mellingsæter/DNB
Rune Bjerke, CEO of DNB, at the bank's capital markeds day in London, November 2015. | Photo: PR-foto: Olav Mellingsæter/DNB
BY RITZAU FINANS

The largest bank in Norway, DNB, is struggling with increasing impairments on loans, especially in the oil sector, and this led to a reduced profit in the second quarter.

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