Tore Olaf Rimmereid, boardmember in DnB NOR Bank ASA, has 19.02.2008 bought shares in DnB NOR ASA at a share price of NOK 77,50. After this transaction Tore Olaf Rimmereid owns 2000 shares in DnB NOR ASA.
Siri Pettersen Strandenes, board member in DnB NOR ASA and Vital Forsikring ASA, has 25.02.2008 bought 100 shares in DnB NOR ASA at a share price of NOK 80,00. After this transaction, Siri Pettersen Strandenes owns 101 shares in DnB NOR ASA.
Financial highlights
Fourth quarter 2007
· Pre-tax operating profits before write-downs were up 0.9 per cent to NOK 3.6 billion (3.6)
· Profit for the period increased by 49.6 per cent to NOK 5.1 billion (3.4)
· Return on equity was 28.4 per cent (21.5)
· Expenses represented 51.9 per cent of income (50.4)
· The core capital ratio was 7.2 per cent (6.7)
Full year 2007
· Pre-tax operating profits before write-downs were up 7.7 per cent to NOK 15.1 billion (14.1)
· Profit for the year increased by 27.2 per cent to NOK 15 billion (11.8)
· Return on equity was 22 per cent (19.5)
· Expenses represented 50.6 per cent of income (50.1)
· The core capital ratio was 7.2 per cent (6.7)
· Earnings per share were NOK 11.08 (8.74)
· The proposed divided per share is NOK 4.50 (4.00)
Annual report 2007
Shareholders in DnB NOR ASA are invited to attend the Annual General Meeting to be held at 6.00 pm on Wednesday, 30 April 2008 at DnB NOR's premises in Kirkegt. 21, Oslo, Norway. Please find attached the Notice of Annual General Meeting in DnB NOR ASA.
The rating agency Standard & Poor's has raised its long-term rating of DnB NOR Bank ASA to AA- from A+. The short-term rating has been raised to A-1+ from A-1. The upgrade reflects the bank's sustained profitability, leading market position in Norway, conservative risk profile and controlled expansion outside its home market. Strong emphasis has also been placed on DnB NOR's sound level of capitalisation and competent risk management.
