DNB’s CET1 capital ratio above 15 per cent
DNB recorded profits of NOK 5 222 million in the first quarter of 2016, a reduction of NOK 1 315 million from the first quarter of 2015. Adjusted for the effect of basis swaps, the decline in profits was NOK 746 million, reflecting restructuring costs in connection with reorganisation processes and the closing of branch offices, as well as higher impairment losses. DNB’s common equity Tier 1 capital ratio increased from 12.7 per cent in the first quarter of 2015 to 15.2 per cent in 2016. “This is a very strong financial performance which we are very satisfied with. For the first time,