By Dominic Chopping
Norway's largest lender DNB Bank ASA said Monday that it will recognize a negative mark-to-market effect of 604 million Norwegian kroner ($60.4 million) from basis swaps connected to funding in the fourth quarter of 2022.
DNB will also recognize a negative effect of NOK847 million from the USD Additional Tier 1 Capital, it said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
01-09-23 0912ET