DNB ASA said it will take a 361 million Norwegian kroner hit in its fourth-quarter 2019 results from basis swaps related to funding.
Additionally, the Oslo-based bank will book a negative effect of 742 million kroner in its Additional Tier 1 capital in the same period.
DNB is set to publish its fourth-quarter 2019 results Feb. 6.
As of Jan. 3, US$1 was equivalent to 8.82 Norwegian kroner.