Nasing Spesal: DnB NORD Said Its Operations In The Baltics Remained Profitable ...

These should be interesting folks... Alienated? Come!

Reuters reports today:

OSLO, Feb 5 (Reuters) - Bank group DnB NORD, owned by DnB NOR and Germany's Norddeutsche Landesbank, said its operations in the Baltics remained profitable but that bad real estate loans in Denmark would affect 2008 results.

The three Baltic states have been hit hard by the global economic crisis, and concerns have mounted over the bank's operations in the region.

"We have profitable banks in the Baltics in spite of the difficult situation there," Chief Executive Thomas Burkle -- who stepped into his new role this week -- said in an interview.

"Our operations (there) are actually doing quite O.K."

Look, there are people doing quite OK! Why these doom-sayers?