NII impact of regulatory change related to tax accounts in Norway

NII impact of regulatory change related to tax accounts in Norway

With effect from January 1 2026, there will be a regulatory change related to tax accounts in Norway. The frequency of corporates’ tax payments will be changed from every other month to the day after payment of salaries. The corporates will therefore no longer be required to maintain a liquidity buffer with banks for tax payments. This loss of deposit volume is expected to have a negative annual NII effect for DNB of approximately 300 MNOK.