Growth and record-high capital adequacy in uncertain times
DNB’s profit for the third quarter of 2020 was NOK 5 546 million, which was NOK 513 million lower than in the corresponding period last year. Despite a higher level of uncertainty than normal, the bank is experiencing high activity and healthy growth. Although COVID-19 and developments in the levels of infection in society still give cause for concern, the Norwegian economy continued to recover in the third quarter. DNB’s activity level was less affected by the pandemic than expected this quarter. “The bank’s position is rock-solid and the recovery of the Norwegian economy has in a
