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Norway's largest ​bank DNB (DNB.OL) reported slightly better-than-expected first-quarter ‌earnings on Thursday as a resilient Norwegian economy and strong ​customer demand helped offset ​volatile markets.

Its net profit fell 9.1% ⁠to 9.86 billion Norwegian ​crowns ($1.06 billion) in the ​January to March period, from 10.85 billion a year earlier. Analysts ​had expected 9.62 billion crowns on ​average, a poll compiled by the bank ‌showed.

After ⁠weathering a year of margin pressures from Norway's easing cycle and intense competition, DNB ​could ​be ⁠set for a boost as Norway's central bank reverses ​course — now signaling rate ​hikes ⁠later this year to combat stubborn inflation and wage-driven ⁠price ​pressures.

($1 = 9.3049 Norwegian ​crowns)