Nordic Banks Suffer Big Losses Overall But Forex Trading Gains Remain Positive


The continuing saga of disastrous loan losses coming out of the Nordic countries has thrown a pall over foreign exchange trading at the Scandinavian banks, despite relatively good results in treasury, say bank officials.

Christiana Bank, Norway's largest, reported a loss of NKr9.17 billion, more than last year's red figure of NKr1.85 billion after disastrous loan losses. Den norske Bank Group recorded losses of NKr4.32 billion in 1991, up from its NKr1.2 billion loss in 1990. And number three

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