Net profit guidance lifted 9-11% to DKK 210-240m
BankNordik has lifted its net profit guidance for the full year 2023 to a range of DKK 210-240m (previously DKK 190-220m) driven by the higher interest rate environment as well as lower-than-expected loan losses due to a maintained robustness among its customers. This leads us to believe that loan losses will be very minor in Q1. In addition, BankNordik notes that the guidance upgrade comes despite lower-than-expected insurance income in Q1 due to higher claims related to the stormy weather in February.
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