DNB Group: Basis swap impact in fourth quarter 2018

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In the fourth quarter of 2018, the DNB Group will record a negative effect of basis swaps connected to funding of NOK 342 million.

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:
Rune Helland, Head of Investor Relations, tel. ( 47) 23 26 84 00 / ( 47) 977 13 250 

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