Danske Bank raises 2024 profit forecast

COPENHAGEN, June 26 (Reuters) – Danske Bank (DANSKE.CO), opens new tab on Wednesday raised its net profit forecast for 2024 to a range of 21 billion to 23 billion Danish crowns ($3.01 billion-$3.30 billion) from between 20 billion and 22 billion crowns seen previously, citing strong credit quality.

Danske Bank also said it expects to make small reversals of impairment charges in the second quarter of 2024, and that it now sees full-year loan impairments of up to 600 million crowns.