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