Equities support Danish central bank's profits in 2015
Costs also on the rise following major IT project
The National Bank of Denmark's move into riskier assets seems to be paying off, as returns on its equities portfolio supported overall profits in 2015, according to its annual report and accounts, published today (March 16).
The central bank reported profits of 3.6 billion krone ($534 million) last year, driven in part by equity returns. The result was lower than in 2014, when the rebounding gold price drove profits to nearly 7 billion krone, but somewhat higher than the 2.6 billion krone
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