Danske Bank raises profit guidance after strong third quarter

Danske Bank has raised its financial guidance for the full year. This update offers reassurance to residents holding local accounts and savings. Denmark's largest lender reported strong performance in the third quarter.

The bank earned a third-quarter profit after tax of 6.4 billion Danish kroner. These quarterly earnings exceeded expectations from financial analysts. Due to these results, the bank raised its full-year earnings forecast.

It now expects full-year profit between 24 and 25 billion Danish kroner. Danske Bank is the primary financial institution in Denmark. Many foreign workers and residents rely on its everyday banking services. The report was first published by CPH Post.