Denmark's biggest financial group Danske Bank reported a 36 per cent rise in 2005 pretax profit and said it expected lower profits this year after high one-off gains in 2005.
Pretax profit reached 17.8 billion Danish crowns (€2.4 billion) against an average forecast of 17 billion (€2.3 billion).
The bank said it had done very well in Sweden, Norway, Northern Ireland and Ireland where it operates as NIB, as well as in Denmark.
Total income rose 20 per cent to 34.9 billion crowns (€4.7billion) above a market forecast of 34.5 billion (€4.6 billion).
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Profit before credit loss expenses is expected to increase moderately in 2006, Danske said.