Stock and press releases

A wholly owned subsidiary of DNB Bank ASA ("DNB"), DNB Baltic Invest AB, has entered into an agreement to divest its entire shareholding in Luminor Holding AS ("Luminor") to OTP Bank Plc. (the "Acquirer").

Luminor Holding AS is a regulated holding company owning 100% of the shares in Luminor Bank AS, a leading banking group in the Baltic region under the supervision of the European Central Bank (ECB).

Luminor was established in 2017 through the merger of the Baltic operations of Nordea Bank Abp and DNB Bank ASA ("DNB"). Since 2019, a consortium of private equity funds managed by Blackstone has held the majority ownership in Luminor, while DNB Baltic Invest AB has retained a 19.95% shareholding.

Transaction overview

Under the terms of the agreement, the Acquirer will acquire 100% of the shares in Luminor. DNB Baltic Invest AB will sell its entire shareholding. The transaction will be settled in cash at the closing date.

Completion of the transaction is subject to obtaining the necessary regulatory approvals.

Financial impact

Luminor is currently accounted for through the equity method in DNB’s financial statements. DNB will classify its investment in Luminor as held for sale from 20th July 2026 and expects to recognize an accounting loss of approximately NOK 1 billion in the third quarter of 2026 in connection with the classification as held for sale.

For the financial year 2025, Luminor contributed NOK 371 million to DNB’s net profit.

Upon completion of the transaction, DNB expects a positive effect on the Common Equity Tier 1 (CET1) ratio of approximately 20 basis points.

The final financial effects will depend on, among other factors, the final transaction price, closing adjustments and currency developments.

Strategic implications

The transaction represents the final step in DNB’s strategy to exit its customer-facing banking activities in the Baltic states.

“Since the establishment of Luminor in 2017 and the subsequent partnership with Blackstone, we have contributed to building a strong and independent banking platform in the Baltics. The transaction is expected to release capital and supports our continued focus on capital efficiency and disciplined allocation of resources,” says Rasmus Aage Figenschou, CFO of DNB.

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.

Contact persons

Rune Helland
Head of Investor Relations
Tel: +47 23 26 84 00 / +47 97 71 32 50

Vidar Korsberg Dalsbø
Group Communications
Tel: +47 99 38 03 89

On 14 July 2026, 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 14,406,648 shares.

Up to 9,508,388 shares will be purchased on trading venues by 16 October 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 4,898,260 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 4,755 million.

During week 29 of 2026, DNB purchased 714 370 own shares at an average price of NOK 295, 4870 per share. Following this, DNB has purchased a total of 714 370 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 14 July 2026, 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 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 14,406,648 shares. The buy-back programme was adopted based on an authorisation given by the Annual General Meeting held on 21 April 2026. 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 4,755 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 approximately 0.4 percentage points.

Up to 0.66 percent of the company’s own shares, which equals 9,508,388 shares, will be bought back on trading venues, at a price of between NOK 10 and NOK 400 per share. The buy-backs will, at the latest, end on 16 October 2026. DNB Carnegie will manage the buy-backs on behalf of the company, and 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 4,898,260 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 9,508,388 own shares, which were repurchased earlier in 2026.

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.

DNB recorded profits after tax of NOK 9.8 billion in the second quarter of 2026. 
“The level of activity in the Norwegian economy is high and continues to be robust in the face of uncertainty in the global economy. Norwegian businesses and households are showing an impressive ability to adapt. As a bank, we contribute by providing good advice to thousands of customers every day. We find that customers appreciate having a solid, Norwegian bank to support them,” says CEO Kjerstin R. Braathen.
The result for the quarter is a decrease of NOK 621 million, or 6 per cent, compared with the corresponding period last year.
 

Lending growth in all segments
Total lending growth was 1.4 per cent in the quarter, and the lending volume was 4.3 per cent higher than at the end of the second quarter last year. The growth was seen across customer segments, industries and geographical locations.
Profit performance in the corporate customer market was particularly good in the second quarter, driven by low losses and strong commission income and market activity. Lending growth among small and medium-sized enterprises in Norway was a solid 2.0 per cent for the quarter. Loans to large corporates and international customers increased by 3.0 per cent compared with the previous quarter and by 8.7 per cent compared with the corresponding quarter of last year. 
Although the interest rate path envisaged by the Norwegian central bank, Norges Bank, indicates an increase in the key policy rate, the number of applications for pre-qualification letters in the personal customer market in the quarter was on a par with the second quarter of last year. Default rates remained at a low level, while the number of loans with interest-only periods was reduced by 8 per cent compared with the corresponding quarter of last year.
 

Record-high net flow and assets under management
The strong development also continued in asset management, with income growth of 13.4 per cent compared with the corresponding quarter of last year, supported by a high influx of customers and increased savings activity.
Net flow reached a record high of NOK 46 billion in the quarter, while assets under management reached a record level of NOK 1,782 billion at the end of the quarter. 
“Our customers are taking an increasingly active approach to their savings activities. In particular, it is pleasing to see that more personal customers have gained an interest in saving in mutual funds and shares. Our personal customers’ fixed monthly saving in mutual funds has now exceeded NOK 1 billion,” says Braathen. 
 

Strong growth in commission and fee income 
The proportion of DNB’s income from customer activities other than loans and deposits continued to increase during the quarter. Net commission and fee income was up 4.6 per cent compared with the corresponding quarter of last year and 10.6 per cent from the previous quarter.
The growth was mainly driven by high levels of activity in investment banking, where income increased by 18.7 per cent compared with the previous quarter. Activity was strong in both equity transactions and bond issues through DNB Carnegie. 
“Income from commissions and fees is increasing as a result of the strong activity we have together with our customers. The result reflects the fact that many companies want to use the advisory services of DNB and DNB Carnegie. We continue to receive positive feedback from our customers on the overall value proposition we have created together with DNB Carnegie,” says Braathen.
The tax rate for the second quarter was 24.4 per cent and the expected tax rate for the whole of 2026 is therefore anticipated to increase from 22 per cent to 23 per cent.

Financial key figures for the second quarter of 2026 (figures for the corresponding quarter in 2025 in parentheses): 
Pre-tax operating profit before impairment amounted to NOK 13.3 billion 
(13.8) 
Profit was NOK 9.8 billion (10.4) 
Earnings per share were NOK 6.50 (6.79) 
Return on equity was 14.6 per cent (15.4) 
Cost/income ratio was 40.3 per cent (38.8) 
Common equity Tier 1 (CET1) capital ratio was 17.4 per cent (18.3) 

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
 

DNB Bank ASA (“DNB”) has completed the share buy-back programme announced on 15 May 2026.

A total of 9,508,388 shares, which equals 0.66 percent of the shares in the company, were purchased on trading venues, for a total consideration of NOK 2,766 million. The average price paid per share was NOK 290.88. A proposal for the cancellation of these shares will be submitted to the next Annual General Meeting.

At the same meeting it will also be proposed to redeem 4,898,260 shares, which equals 0.34 percent of the shares in the company, from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”). The purpose of this is to ensure that NFD’s ownership interest of 34 percent remains unchanged. NFD will receive a total consideration of NOK 1,425 million and an interest compensation.

Please see the stock exchange announcement published on 15 May 2026, 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.
 

On 15 May 2026, 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 14,406,648 shares.

Up to 9,508,388 shares will be purchased on trading venues by 14 August 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 4,898,260 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 4,755 million.

During week 28 of 2026, DNB purchased 1,132,857 own shares at an average price of NOK 298.4963 per share. Following this, DNB has purchased a total of 9,508,388 own shares under the current buy-back programme, corresponding to 0.66 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 15 May 2026, 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.