DNB Group: Basis swap impact in second quarter 2015

In the second quarter of 2015, the DNB Group will record a negative effect of basis swaps connected to funding of approximately NOK 54 million.

In the second quarter of 2014, there was a positive effect of basis swaps of NOK 33 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 Investor Relations in DNB:
Rune Helland, +47 23 26 84 00
Jan Erik Gjerland, +47 23 26 84 08

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