DNB Group: Basis swap impact in fourth quarter 2014

In the fourth quarter of 2014, the DNB Group will record a positive effect of basis swaps connected to funding of approximately NOK 508 million. For the full year 2014, there will be a positive effect of NOK 394 million.

In the fourth quarter of 2013, there was a negative effect of basis swaps of NOK 819 million, while there was a negative effect of approximately NOK 1 364 million for the full year 2013.

Basis swaps are derivative contracts entered into in connection with long-term funding in international capital markets where the relevant currency is converted to Norwegian kroner. These swaps are hedging instruments, and over the lifetime of the derivatives the mark-to-market adjustments will have zero effect.

For further information, please contact Investor Relations in DNB:
Per Sagbakken: +47 23268400
Jan Erik Gjerland: +47 23268408

This e-mail was sent to you by Investor Relations in DNB.
To unsubscribe from our mailing list, please send e-mail to:
investor.relations@dnb.no

Visit our website dnb.no

About Us

DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.

Subscribe