Financial Times FT.com

Danske Bank warns on write-offs

COPENHAGEN, Aug 11 - Denmark’s biggest financial group Danske Bank reported a bigger-than-forecast drop in second-quarter pretax profits on Tuesday and said write-offs on bad loans would remain high throughout 2009.

Pretax profits fell to DKr37m ($7.05m) in April-June from DKr4.36bn in the same quarter last year, Danske Bank said on Tuesday.

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