On 22 October 2025, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares.

Up to 9,752,192 shares will be purchased on trading venues by 20 February 2026, and a proposal to cancel the shares will be submitted to the next Annual General Meeting. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 4,433 million.

During week 48 of 2025, DNB purchased 611,755 own shares at an average price of NOK 268.0949 per share. Following this, DNB has purchased a total of 4,199,924 own shares under the current buy-back programme, corresponding to 0.28 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 22 October 2025, which is available at newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at newsweb.oslobors.no.

On 22 October 2025, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares.

Up to 9,752,192 shares will be purchased on trading venues by 20 February 2026, and a proposal to cancel the shares will be submitted to the next Annual General Meeting. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 4,433 million.

During week 47 of 2025, DNB purchased 735,976 own shares at an average price of NOK 263.1658 per share. Following this, DNB has purchased a total of 3,588,169 own shares under the current buy-back programme, corresponding to 0.24 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 22 October 2025, which is available at newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at newsweb.oslobors.no.

The Financial Supervisory Authority of Norway (“the FSA”) regularly carries out a Supervisory Review and Evaluation Process (“SREP”), where they evaluate the risks and capital needs of DNB. The SREP includes a decision regarding the Pillar 2 Requirement and the Pillar 2 Guidance, which comes in addition to the Pillar 1 minimum requirements and the combined buffer requirements. DNB has received this year’s decision from the FSA, which will apply from 31 December 2025. 
 
The FSA has decided to maintain DNB’s current Pillar 2 Requirement (on a group level) at 1.7 % of the total risk exposure amount (TREA). At least 56.25 % of the requirement shall be met with common equity tier 1 (CET1) capital, while 75 % must be met with tier 1 capital.  

Further, the FSA has decided to reduce the Pillar 2 Guidance from 1.25 % to 1.00 % of TREA.

On 22 October 2025, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares.

Up to 9,752,192 shares will be purchased on trading venues by 20 February 2026, and a proposal to cancel the shares will be submitted to the next Annual General Meeting. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 4,433 million.

During week 46 of 2025, DNB purchased 686,718 own shares at an average price of NOK 264.6755 per share. Following this, DNB has purchased a total of 2,852,193 own shares under the current buy-back programme, corresponding to 0.19 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 22 October 2025, which is available at newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at newsweb.oslobors.no.

On 22 October 2025, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares.

Up to 9,752,192 shares will be purchased on trading venues by 20 February 2026, and a proposal to cancel the shares will be submitted to the next Annual General Meeting. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 4,433 million.

During week 45 of 2025, DNB purchased 687,167 own shares at an average price of NOK 260.8177 per share. Following this, DNB has purchased a total of 2,165,475 own shares under the current buy-back programme, corresponding to 0.15 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

* Volume from week 44 has been corrected from 755,767 to 778,371 shares.

Please see the stock exchange announcement published on 22 October 2025, which is available at newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at newsweb.oslobors.no.

On 22 October 2025, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares.

Up to 9,752,192 shares will be purchased on trading venues by 20 February 2026, and a proposal to cancel the shares will be submitted to the next Annual General Meeting. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 4,433 million.

During week 44 of 2025, DNB purchased 755,676 own shares at an average price of NOK 260.4674 per share. Following this, DNB has purchased a total of 1,455,613 own shares under the current buy-back programme, corresponding to 0.1 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 22 October 2025, which is available at newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at newsweb.oslobors.no.

On 22 October 2025, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares.

Up to 9,752,192 shares will be purchased on trading venues by 20 February 2026, and a proposal to cancel the shares will be submitted to the next Annual General Meeting. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 4,433 million.

During week 43 of 2025, DNB purchased 669 937 own shares at an average price of NOK 260.1832 per share. Following this, DNB has purchased a total of 669 937 own shares under the current buy-back programme, corresponding to 0.05 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 22 October 2025, which is available at newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at newsweb.oslobors.no.

DNB recorded a solid profit after tax of NOK 10.7 billion in the third quarter of 2025. This is an increase of NOK 242 million, or 2.3 per cent, compared with the second quarter of this year.

“The Norwegian economy is performing better than expected, and Norwegian companies are continuing to invest while employment remains at a high level. Combined with falling inflation, this gives both companies and individuals increased confidence in their own finances going forward," says CEO Kjerstin Braathen.

“This positive trend is also reflected in the Nordic region. The level of activity in the Swedish capital market is a good example of this. This is also attractive from an international perspective, and DNB Carnegie is well positioned here," says Braathen. 

A leading Nordic asset manager

An increasing number of customers are choosing DNB for its holistic advisory services and professional wealth management. At the end of the quarter, assets under management (AUM) reached a record-high NOK 1 579 billion, which is an increase of NOK 15 billion from the previous quarter. Holberg Fondene was sold in May, and NOK 39 billion in AUM from Holberg was phased out during the quarter. The underlying growth in the quarter was thus NOK 54 billion – marking one of the strongest quarters ever in this area.

“The record growth in wealth management and the launch of several specialised mutual funds show that we are hitting the mark when it comes to meeting our customers' needs and preferences. The acquisition of Carnegie creates further opportunities, particularly in private banking, asset management and investment banking. With Carnegie Fonder on board, we are now Norway's largest asset manager and well positioned for further growth outside Norway as well," says Braathen.

The savings rate is the highest it has been in ten years, with the exception of the pandemic period. DNB's customers have never saved more in mutual funds through fixed savings schemes – over NOK 920 million per month, equivalent to more than NOK 10 billion per year.

 
Profitable lending growth in the customer segments

Lending to personal customers increased by 2.7 per cent compared with the third quarter of last year, and by 0.4 per cent compared with the previous quarter. Lending to the largest companies increased by 0.5 per cent in the third quarter, while lending to small and medium-sized businesses remained stable.

There has been a high level of activity throughout the quarter, particularly relating to refinancing and remortgaging. Interest from new customers has been especially high since Sbanken cut its interest rate a week before the most recent cut in the key policy rate by the Norwegian central bank, Norges Bank.

"We see that customers value the combination of simple, digital solutions and personal advisory services – and that they choose whatever suits them best. Following the interest rate adjustment, the level of activity at Sbanken has been historically high, with the largest inflow of new customers in 15 years," says Braathen.

Strong foundation for further growth in financial advisory services

Over time, DNB has shown solid growth in income from other customer-related activities than lending and deposits, and the acquisition of Carnegie has further strengthened the Group's position.

At the end of the third quarter, DNB Carnegie had facilitated 446 capital market transactions globally (equity capital markets (ECM) and corporate bonds), and was among the lead advisers in 14 major initial public offerings (IPOs), such as those for NOBA and Verisure. The Verisure IPO was the largest in the Swedish market in over 25 years, the second largest ever in Sweden and the largest in Europe since 2022. 

“A mere five months after the establishment of DNB Carnegie we see that our customers’ trust in us is increasing, and we are winning engagements that would previously have gone to international players," says Braathen.

Financial key figures for the third quarter of 2025 (figures for the corresponding quarter of 2024 in parentheses):

Pre-tax operating profit before impairment amounted to NOK 14.2 billion (15.4) 
Profit was NOK 10.7 billion (12.2) 
Earnings per share were NOK 6.98 (7.83) 
Return on equity was 15.8 per cent (18.9) 
Cost/income ratio was 37.4 per cent (32.5) 
Common equity Tier 1 (CET1) capital ratio was 17.9 per cent (19.0) 

For further information: 
Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50
Liselotte Lunde, Head of Communications, tel.: (+47) 95 94 92 35

This information is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act.

DNB Bank ASA has decided to initiate a new share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,776,048 shares. The buy-back programme was adopted based on an authorisation given by the Annual General Meeting held on 29 April 2025. The Financial Supervisory Authority of Norway has approved the buy-back programme, on the condition that the total buy-backs do not reduce the company’s own funds by more than NOK 4,433 million.

The purpose of the buy-back programme is to optimise the company’s capital structure, by reducing the common equity tier 1 (CET1) ratio by slightly less than 0.4 percentage points.

Up to 0.66 percent of the company’s own shares, which equals 9,752,192 shares, will be bought back on trading venues, at a price of between NOK 10 and NOK 330 per share. The buy-backs will, at the latest, end on 20 February 2026. DNB Carnegie will manage the buy-backs on behalf of the company, and will decide the timing of the purchases independently of the company. The shares that are purchased will be proposed cancelled at the next Annual General Meeting.  

The remaining 0.34 percent of the shares – up to 5,023,856 shares – will at the same Annual General Meeting be proposed redeemed from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. NFD’s shares will be redeemed at a price equal to the average price of the shares bought back on trading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market Abuse Regulation and the regulation regarding buy-back programmes and stabilisation measures.

The company currently owns 9,752,192 own shares, which were repurchased earlier this year.

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50. 

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.