By Dominic Chopping

Norway's largest lender DNB Bank ASA said Tuesday that it will recognize a positive mark-to-market effect of 369 million Norwegian kroner ($34.6 million) from basis swaps connected to funding in the third quarter of 2022.

DNB will also recognize a positive effect of NOK783 million from the USD additional Tier 1 Capital, it said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

October 04, 2022 08:25 ET (12:25 GMT)