The result was slightly better than expected. Analysts had on average expected a profit before tax of SEK 12.6 billion.
Net interest income, the bank's profit from the difference between deposit and lending rates, fell to NOK 15.1 billion from NOK 16.2 billion a year earlier. The decline in net interest income was greater than expected. The average forecast was NOK 15.4 billion.
DNB is the first of the major Nordic banks to present quarterly figures. SEB and Handelsbanken will report their quarterly figures on Wednesday, while Nordea's figures will come on Thursday and Swedbank's on Friday.
