DNB Q1 Profit Up on LLPs Reversals; Efficiency Remains Strong
DNB ASA (DNB or the Group) reported a net profit of NOK 5,885 million compared to NOK 4,000 million in Q1 2020 and NOK 5,274 million in Q4 2020. The increase was mostly attributable to reversals of loan loss provisions (LLPs) in Q1 2021. As a result, DNB reported a Return-on-Equity (ROE) of 10% in Q1 2021 vs. 6.5% in Q1 2020 and 8.9% in Q4 2020.
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