Well equipped for supporting our customers through challenging times
DNB’s profit for the fourth quarter of 2022 was NOK 9 947 million, an increase of NOK 3 792 million from the corresponding quarter last year. The high level of activity in the Norwegian economy continued into the fourth quarter. A tight labour market and rising inflation contributed to Norges Bank raising the key policy rate several times to curb inflation. In addition, the result was driven by growth and a reduction in tax of NOK 1 284 million following the winding up of a subsidiary in Asia. “Looking back, it’s been a highly unusual year, with the reopening of society after the