Danske Bank is Denmark's biggest lender but recently, the bank has highlighted some new facts about the company's latest financial position.
In its statement, the bank highlighted about the 4 billion crown hit, which it took from Irish bad debts in the first half of the year. Also, the bank added that they are still facing a big challenge from the country despite its home market being in a stabilized state.
Danske is an owner of National Irish Bank in the Republic of Ireland and Northern Bank in Northern Ireland. But recent reports have suggested that the bank has earned consensus-beating second-quarter profits after earning even more than expected trading income and also a 21 percent fall in bad loans.
Though no quarterly breakdown has been given by the bank for bad loans, total loan impairment charges in the first six months of 2011 were calculated to be 5.87 billion crowns ($1.11 billion).
"The Group expects a decline in loan impairment charges from the 2010 level, although charges will remain high in Ireland and Northern Ireland," Danske said in a statement.
According to the reports, bank's second-quarter pretax profit cited a rise and the figures reached to 2.08 billion Danish crowns ($396 million) from 1.74 billion a year earlier.