Kim Wahl, member of the Board of Directors in DNB Bank ASA, has 10 March 2022 bought 13 000 shares in DNB Bank ASA at a share price of NOK 186.5182. See attachment for further details.
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
The DNB Group's Annual Report, including Sustainability report and Pillar 3 report for 2021, are published today, 10 March 2022, on DNB's website ir.dnb.no.
For further information:
Investor contacts:
Rune Helland, Head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250
Thor Tellefsen, Head of Long-Term Funding, tel. (+47) 915 44 385
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.
Oslo, 11 February 2022
Today, 11 February 2022, a total of 9,704 shares in DNB Bank ASA were acquired on behalf of certain of DNB's primary insiders, who are part of the Group Management team. The share purchase was executed collectively at an average price per share of NOK 212.7924
The shares were purchased in accordance with the share programme that was approved by the Annual General Meeting on 30 June 2020. Shares that are acquired through the programme have a holding period, which lasts for as long as the person holding the shares is part of the Group Management team. Upon leaving the Group Management team, the shares are released in stages over a period of three years.
A list of the primary insiders of DNB Bank ASA, who have increased their shareholding, is attached.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
DNB's profit for the fourth quarter of 2021 was NOK 6 155 million, an increase of NOK 881 million from the corresponding quarter last year.
The reopening of society has boosted the level of activity in the Norwegian economy. With unemployment back at a pre-pandemic level and companies showing a high willingness to invest, DNB is experiencing a rush of customer enquiries.
"This growth reflects the strong resilience of the Norwegian business community, and once again large parts of the business sector are going at full speed. We are pleased to see that many of our corporate customers are including us in their growth plans. Activity has been historically high in DNB Markets this quarter, and we have raised capital for ensuring growth and creating new jobs. We have also seen strong growth in loans to companies," says CEO Kjerstin Braathen.
Prospera has named DNB the best-liked bank among large corporate customers in Norway, after interviewing 1 145 major Norwegian companies in 2021.
After a year of high activity and good results in all areas of the bank, DNB is in a very solid financial position. At the Annual General Meeting, the Board of Directors will propose a dividend of NOK 9.75 per share for 2021, in line with the Group's dividend policy.
Record-high activity resulting in profitable growth
Increased customer activity also contributed to a growth in net interest income of NOK 806 million, or 8.5 per cent, compared with the fourth quarter of 2020, despite historically low interest rates in the market.
Income from customer-driven activities (commission and fee income) increased by NOK 555 million, or 22.2 per cent, compared with the corresponding quarter last year. This growth was mainly driven by higher income from DNB Markets and long-term saving, in addition to income from money transfer and banking services.
Loans to customers increased by NOK 56.8 billion, or 3.6 per cent, during the course of 2021. Customer deposits increased by NOK 140.6 billion, or 12.7 per cent, during the same period.
A driving force for sustainable transition
During the course of 2021, DNB strengthened its expertise on renewable value chains, as well as its focus on this area. The bank aims to be a driving force for sustainable transition and will facilitate financing of NOK 1 500 billion for the sustainable transition by 2030.
"We are well on the way to achieving this ambitious goal, and last year we financed or facilitated sustainable activities worth more than NOK 200 billion, together with our customers. We are receiving a great number of enquiries from companies that are developing new technology or undergoing a sustainable transition. This reinforces my belief that banks and the business sector will play a key role in achieving the ambitions of the Paris Agreement," says Braathen.
Financial key figures for the fourth quarter of 2021 (figures for the corresponding quarter in 2020):
Financial key figures for 2021 (corresponding figures for 2020):
DNB's financial ambitions remain unchanged: a return on equity (ROE) above 12 per cent, a cost ratio (C/I) of less than 40 per cent and a long-term dividend policy where more than half of the annual profit is to be paid out to our owners. DNB's ambition for the capital level (CET1 capital ratio) has been adjusted from 17.1 to 17.6 per cent to reflect new capital expectations from Finanstilsynet (the Financial Supervisory Authority of Norway). DNB is changing its tax guidance from 22 to 23 per cent.
For further information:
Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / 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.
DNB will publish its results for the fourth quarter of 2021 on Thursday, 10 February 2022 at 07.30 CET.
The fourth quarter results will be presented at 9:30-11:00 CET the same day, at an extended presentation which also will include presentations from the Personal Banking and Wealth Management segments. A broadcast will be available on the Investor Relations website at ir.dnb.no and it will be possible to ask questions online.
Agenda:
A conference call for analysts and investors will be held at 13:30 CET. Call in details: Norway +47 21 56 33 18, UK Wide +44 (0) 33 0551 0200, US +1 212 999 6659. Password: DNB Q4. Please join the call 5 minutes early to allow the operator to transfer you into the call by the scheduled start time.
The phone conference (listen-only mode) and a recording of this will be available on the Investor Relations website 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 EVP, 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.
DNB will publish its results for the fourth quarter of 2021 on Thursday, 10 February 2022 at 07.30 CET.
The fourth quarter results will be presented at 9:30-11:00 CET the same day, at an extended presentation which also will include presentations from the Personal Banking and Wealth Management segments. A broadcast will be available on the Investor Relations website at ir.dnb.no and it will be possible to ask questions online.
Agenda:
A conference call for analysts and investors will be held at 13:30 CET. Call in details: Norway +47 21 56 33 18, UK Wide +44 (0) 33 0551 0200, US +1 212 999 6659. Password: DNB Q4. Please join the call 5 minutes early to allow the operator to transfer you into the call by the scheduled start time.
The phone conference (listen-only mode) and a recording of this will be available on the Investor Relations website 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 EVP, 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.
In the fourth quarter of 2021, the DNB Group will recognise a positive effect of NOK 100 million from basis swaps connected to funding. Furthermore, a positive effect of NOK 125 million from the USD Additional Tier 1 capital will also be recognised.
For further information, please contact:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
Yesterday, the Norwegian central bank, Norges Bank, raised the key policy rate by 0.25 percentage points, and today, DNB has decided to increase the interest rates on home mortgages by up to 0.25 percentage points.
“On the basis of Norges Bank's decision to raise the key policy rate, DNB has decided to adjust the interest rate on home mortgages by up to 0.25 percentage points," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.
All customers whose interest rates are adjusted will be given information in the internet bank or receive a letter by post, explaining how their home mortgage will be affected. The new interest rates will be effective from 18 December for new customers, and from 28 January 2022 for existing customers.
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.
