Profit target reached

DnB NOR achieved a profit of NOK 5 284 million in the fourth quarter of 2010, which is the highest quarterly profit figure in the history of the Group. The strong profits reflect hard work, higher income and low write-downs on loans.Profits for the full year 2010 came to NOK 14 062 million. Pre-tax operating profits before write-downs rose from NOK 18 717 million in 2009 to NOK 21 081 million in 2010. "We set ourselves ambitious financial targets four years ago to achieve, among other things, pre-tax operating profits before write-downs of NOK 20 billion in 2010. Due to the turmoil in