Strong first quarter performance in DNB Sweden
Pre-tax operating profits for DNB Sweden in the first quarter of 2016 were SEK 351 million, compared with SEK 247 million in the first quarter of 2015. Profits before impairment losses were SEK 362 million, up from SEK 347 million in the same period of 2015. Operating expenses totalled SEK 346 million in the first quarter of 2016, compared with SEK 353 million in 2015. The cost/income ratio was 48.8 per cent, down from 50.5 per cent in the same period of 2015.Performance was better than last year, including lower loan losses. DNB Finans continued to generate healthy profits and made a