Danske Bank Sees Loan Writedowns Staying High

Danske Bank reported a smaller-than-forecast drop in third-quarter pretax earnings Tuesday and said impairment charges against loans were likely to remain high. "We expect Q4 still will show pretty high level of loan losses," CFO Tonny Thierry Andersen said, adding that it will be better than previous quarters.

CNBC | November 3, 2009

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