DNB Lending Income Misses Estimates as Rate Headwinds Mount

DNB Bank ASA reported worse-than-expected results in the second quarter, with income from lending falling short of analyst estimates following last month’s surprise rate cut by the central bank.

Norway’s largest bank reported a net interest income of 16.2 billion kroner ($1.6 billion), falling short of the 16.5 billion kroner analysts had estimated. Net income declined 2.2% to 10 billion kroner, DNB said in a statement Friday.