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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.

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Capital build-up completed one year ahead of schedule

DNB recorded profits of NOK 5 380 million in the fourth quarter of 2016, a reduction ofNOK 1 404 million from the fourth quarter of 2015. Even though lower net interest income and higher impairment losses had a negative effect on profits, DNB continued to build capital throughout the year. The Board of Directors has proposed a dividend of NOK 5.70 per share. DNB delivered solid profits despite an increase in impairment losses in oil-related industries and shipping. Profits for the year totalled NOK 19.3 billion, and the bank built up additional capital. The Group fulfilled the capital

Capital Markets Day and financial ambitions towards 2019

DNB will host the Group’s Capital Markets Day in London today.DNB’s key financial ambitions for 2017-2019 are:- The overriding target towards 2019 is to achieve a return on equity (ROE) above 12 per cent- A cost/income ratio below 40 per cent- A CET1 ratio of approx. 15.7 per cent, including a management buffer- A dividend payout ratio for 2016 between 30 and 50 per cent. A dividend payout ratio above 50 per cent from 2017- Loan-loss provisions are estimated to be up to NOK 18 billion over the 2016-2018 period Other ambitions are covered in the attached presentation. The

Capital target reached ahead of schedule

DNB recorded profits of NOK 4 080 million in the third quarter of 2016, a reduction of NOK 2 290 million from the third quarter of 2015. Just as in the first half of the year, higher impairment losses among large corporates were the main reason for the decline in profits. Parallel to this, the bank has already reached its most important capital target for 2017. On several occasions, DNB has been characterised as one of the world’s best capitalised banks. A new example of this was presented in the third quarter, when the EBA conducted a stress test showing that DNB had the greatest

Healthy earnings and improved capital adequacy

DNB recorded profits of NOK 4 580 million in the second quarter of 2012, up from NOK 3 546 million in the second quarter of 2011. The bank is still experiencing sound growth in both the personal and corporate markets.All business areas, apart from Insurance and Asset Management, achieved considerably higher operating profits than in the second quarter of 2011. “We are very pleased with the Group’s second quarter performance. While a number of European banks are now scaling back lending, DNB is still experiencing strong, profitable growth. We are growing parallel to strengthening our

Strong profits in spite of financial turmoil

DNB recorded profits of NOK 4 089 million in the fourth quarter of 2011, compared with NOK 5 284 million in the fourth quarter of 2010. Profits for the full year 2011 were NOK 12 979 million, a reduction of NOK 1 083 million compared with 2010.“This was another quarter affected by financial turmoil. However, there was a high level of activity in the bank, with a close to NOK 1.7 billion rise in income. We are pleased to note that we are continuing to gain market share and that we are the preferred bank for a large number of large and small customers. Total lending was up 9.3 per cent from

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