In the second quarter of 2022, the DNB Group will recognise a positive mark-to-market effect of NOK 439 million from basis swaps connected to funding. Furthermore, a positive effect of NOK 996 million from the USD Additional Tier 1 capital will also be recognised. The effects will appear under Net gains on financial instruments at fair value in our financial statement. 

For further information, please contact: Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250

DNB will publish its results for the second quarter of 2022 on Tuesday, 12 July 2022 at 7.30 CET.

9:30 CET: Presentation

CEO Kjerstin Braathen and CFO Ida Lerner present the results at a live streamed press conference. It will be possible to ask questions online and a broadcast will be available on the Investor Relations pages at ir.dnb.no. It will also be possible to physically attend the presentation at DNB's head office in Bjørvika, Dronning Eufemias gate 30. Please register your attendance in Oslo, at [email protected].

13:30 CET: Conference call for analysts and investors

Call in details: Norway +47 21 56 33 18, UK Wide +44 (0) 33 0551 0200, US +1 212 999 6659. Password: DNB Q2. Please join the call 5 minutes early to allow the operator to transfer you into the call by the scheduled start time.

The conference call (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.

For further information, please contact:

Investor contact: Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250

Media contact: Thomas Midteide, Group Executive Vice President, Communication & Sustainability, tel. (+47) 962 32 017

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

“On the basis of Norges Bank's decision at the monetary policy meeting on 23 June to raise the key policy rate, DNB has decided to adjust the interest rate on home mortgages by up to 0.50 percentage points," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB. 

In DNB, we want to help young people enter the housing market, and they will therefore be given our best floating interest rate of 2.39 per cent. We have also strengthened our advisory services targeting this customer group. 

All customers whose interest rates are adjusted will be given information in the online bank or receive a letter by post, explaining how their home mortgage will be affected. The new interest rates will be valid from 1 July for new mortgages, and from 10 August for existing mortgages.   

For further information:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Vibeke Hansen Lewin, Executive Vice President Communications tel.: (+47) 99 01 33 49

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

On 9 February 2022, the Board of Directors of DNB Bank ASA decided to offer employees in DNB Bank ASA shares with a discount of up to 25 % (up to NOK 14,500 per employee). The shares were allotted today, 20 May 2022, at a gross price of NOK 181.8699 per share.

Please see attachment for further details regarding the primary insiders that made use of the offer. 

This information is subject of the disclosure requirements pursuant to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.

Alexander Opstad, Group Executive Vice President in DNB Bank ASA, has on 3 May 2022 transferred 8 000 shares in DNB Bank ASA at a share price of NOK 182.1 to Chaos Capital AS, which is a wholly owned investment company of Opstad. The shareholding of Alexander Opstad, including close associates, is unchanged at 46 895 shares after the transfer.

See attachment for further details.

This information is subject to the disclosure requirements according to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.

Oslo, 29 April 2022

Today, 29 April 2022, a total of 198,749 shares in DNB Bank ASA were acquired on behalf of certain leading employees and risk takers. The purchase was executed collectively at an average price per share of NOK 184.6979.

The shares were acquired in accordance with the regulation on remuneration in financial institutions etc., which states that at least half of annual variable remuneration shall be awarded as shares and be subject to certain lock-up mechanisms.

The employees have been given a compensation for decreased share value resulting from the lock-up at approximately 10.6%.

A list of primary insiders of DNB Bank ASA that have increased their shareholding is attached.

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

Jaan Ivar Semlitsch, member of the Board of Directors of DNB Bank ASA, has 26 April 2022 bought 5 500 shares in DNB Bank ASA at a share price of NOK 186.5563. See attachment for further details.

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

28 April 2022

DNB delivered a profit in the first quarter of 2022 of NOK 7 555 million, an increase of NOK 1 670 million compared with the first quarter of 2021. The increase was driven by a strong Norwegian economy and a high level of activity in the corporate market.

The `reopening boom' following the removal of the last infection control measures in February continued to lift the level of activity in the Norwegian economy. However, the strong growth in the Norwegian economy has taken place against a sombre macropolitical backdrop.

"The eyes of the world this quarter have been on Russia's brutal invasion of Ukraine, which has also created volatility and increased uncertainty in the financial markets. DNB has hardly any exposure to Russia, but has helped individual customers in affected sectors by giving advice relating to economic sanctions and market turbulence. Once again, we have seen that Norway as a country sets itself apart from other countries, with a robust economy despite international turmoil. A number of international customers have sought to move to DNB, and see the bank as a safe haven in an unsettled world," says CEO of DNB Kjerstin Braathen.

Historic result for the corporate market

DNB saw positive developments across all of the bank's business areas in the quarter.

Net interest income increased by NOK 1 216 million, up 13.2 per cent from the first quarter of 2021, and up NOK 160 million, or 1.6 per cent, from the fourth quarter of 2021.

The high level of activity in investment banking, asset management and payment services contributed to an increase in income from customer-driven activities (commission and fee income) of NOK 213 million, up 8.1 per cent from the corresponding quarter last year.

"Despite turbulent markets, the number of savings schemes is stable, and customers are sticking to their long-term savings plans. There was record turnover in DNB's savings app, Spare, with our customers buying mutual funds worth more than NOK 2.7 billion. In the corporate market, we delivered the best quarter in the bank's 200-year history. Companies' willingness to invest remains high, despite the macropolitical situation. This shows optimism in the Norwegian business sector, largely due to the fact that Norwegian businesses have a number of investment opportunities in connection with the green shift," says Braathen.

Total income for the corporate market amounted to NOK 9.5 billion in the quarter, an increase of NOK 1.6 billion from the first quarter of last year. The income was mainly driven by a loan growth of 4.7 per cent from the first quarter of 2021, increased net interest income, high activity, and net reversals.

In March, DNB was given the go-ahead to buy Sbanken, and Sbanken is now a wholly owned subsidiary of DNB. DNB and Sbanken will continue as two banks with different customers, solutions and products, and the organisations will jointly identify how to unlock the potential of a future merger. 

Financial key figures for the first quarter of 2022 (figures for the corresponding quarter in 2021): 

• Pre-tax operating profit before impairment amounted to NOK 9.2 billion (7.5) 
• Profit for the quarter was NOK 7.6 billion (5.9) 
• Earnings per share were NOK 4.71 (3.65) 
• Return on equity was 12.9 per cent (10.0) 
• Cost/income ratio was 39.4 per cent (43.6) 
• Common equity Tier 1 (CET 1) capital ratio was 18.1 per cent (19.2) 

Further details on DNB's results can be found on ir.dnb.no. 

For further information: 

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00/(+47) 97 71 32 50 

Thomas Midteide, Group Executive Vice President of Communications & Sustainability, tel.: (+47) 96 23 20 17 

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

The shares in DNB Bank ASA will be quoted ex-dividend on 27 April 2022. A dividend of NOK 9.75 per share will be distributed on 5 May 2022 to registered shareholders as at 26 April 2022.

For further information, please contact:

Rune Helland, head of Investor Relations, tel: +47 977 13 250

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.