Today, DNB has updated the Group's strategy for the years ahead. This means that DNB will be even more customer-centric and prioritise simplification and digitalisation that will benefit the customers. 

At the same time, the bank is preparing for a future with lower interest rates and even tougher competition to win customers. DNB will therefore intensify its focus on cost-effectiveness, so that the bank can continue to offer customers the best services at a good price.

"DNB is well positioned to take new steps in the area of digitalisation and automation. At the same time, DNB's costs have also increased in pace with high inflation and even more regulatory requirements for banks. We acknowledge that we have to spend our resources on fewer, but larger initiatives," says Group Chief Executive Officer (CEO) Kjerstin Braathen.

DNB made changes to its Group management and organisational structure in May this year, and has been working on clarifying its strategy in parallel. The next phase is now starting, and among the measures the bank is implementing is centralisation and downsizing of staff and support functions. The goal is a reduction in the number of employees of around 500 full-time equivalents over the next six months.

"Downsizing is not something we take lightly, and we understand that this will create uncertainty among our employees. We will therefore place emphasis on ensuring that the process is fair and proper and on keeping a good dialogue with those who are affected, as well as the employee representatives," says Braathen.

For further information:   

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

Øystein Kløvstad Langberg, Executive Vice President of Communications, tel.: (+47) 98 04 88 25  

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

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 36 of 2024, DNB purchased 798,481 own shares at an average price of NOK 219.2480 per share. Following this, DNB has purchased a total of 9,080,699 own shares under the current buy-back programme, corresponding to 0.61 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 35 of 2024, DNB purchased 840,000 own shares at an average price of NOK 224.1397 per share. Following this, DNB has purchased a total of 8,282,218 own shares under the current buy-back programme, corresponding to 0.55 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 34 of 2024, DNB purchased 695,000 own shares at an average price of NOK 222.3389 per share. Following this, DNB has purchased a total of 7,442,218 own shares under the current buy-back programme, corresponding to 0.50 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 33 of 2024, DNB purchased 723,469 own shares at an average price of NOK 218.5719 per share. Following this, DNB has purchased a total of 6,747,218 own shares under the current buy-back programme, corresponding to 0.45 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 32 of 2024, DNB purchased 860,000 own shares at an average price of NOK 212.5685 per share. Following this, DNB has purchased a total of 6,023,749 own shares under the current buy-back programme, corresponding to 0.40 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 31 of 2024, DNB purchased 802,091 own shares at an average price of NOK 223.4828 per share. Following this, DNB has purchased a total of 5,163,749 own shares under the current buy-back programme, corresponding to 0.35 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no. 

Following the election of Stine Bosse as a Member of the European Parliament in June 2024, Bosse has informed that she wants to resign from her role as a member of the Board of Directors of DNB Bank ASA and focus on her role as MEP. Bosse was elected as a board member at the annual general meeting in April 2023, for a period of two years. Bosse resigns from her position with immediate effect. Chair of DNB, Olaug Svarva, thanks Bosse for her important contribution to the Board’s work.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 30 of 2024, DNB purchased 712,781 own shares at an average price of NOK 220.8257 per share. Following this, DNB has purchased a total of 4,361,658 own shares under the current buy-back programme, corresponding to 0.29 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

On 17 June 2024, 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 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 29 of 2024, DNB purchased 609,282 own shares at an average price of NOK 217.4629 per share. Following this, DNB has purchased a total of 3,648,877 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.