Category: Accounting / Financial
DNB ASA finally feels it’s getting some respect from investors, but it has some way to go in matching its Nordic rivals on its income mix.
With Nordea Bank Abp moved to Finland and Danske Bank A/S mired in a money laundering scandal, Norway’s DNB is now Scandinavia’s biggest bank by market value.
While calling itself the largest Scandinavian bank is tongue-in-cheek to a large degree, for DNB Chief Executive Officer Rune Bjerke it’s evidence the bank has emerged from an investor shadow. “It’s the most solid of the Nordic banks,” Bjerke, 58, said in an interview at its headquarters in Oslo’s new Barcode neighborhood. “And based on the solidity, the bank that delivers the best profitability at the moment.”
Read the full story on Bloomberg.com