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