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Norway's DNB sees negative impact on Q4'19 results from basis swaps

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.