Stock and press releases

Today, 8 May 2025, a total of 158 413 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 266.4141.

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 7.7% or 8.3%, depending on the length of the lock-up period. 

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.

DNB recorded profits after tax of NOK 10 849 million in the first quarter of 2025. This is an increase of NOK 646 million, or 6.3 per cent, compared with the same period last year. 

“The Norwegian economy continues to do well, and DNB recorded a good quarterly profit, as a result of high activity among our customers. Globally, we see increased uncertainty associated with trade conflicts, and a weakened global economy will affect growth in a small, open economy like ours. At the same time, the Norwegian economy is sound, and Norway has considerable muscles to stimulate the economy when necessary. DNB is one of Europe’s best capitalised banks, and is well equipped to face uncertain times. We have ample capacity to support our customers,” says Group Chief Executive Officer (CEO) Kjerstin Braathen. 

DNB Carnegie – a new and leading Nordic investment bank 

On 6 March, DNB completed the acquisition of Carnegie Holding AB, and the merged brokerage house DNB Carnegie will be launched on 12 May. 

“With DNB Carnegie, we are establishing a Nordic player that has both local support and international strength. This is something that the market has not seen before – a Nordic investment bank and asset manager with a global reach, built on strong industry competence, regional insight and long-term relationships. We already see that customers appreciate the overall value proposition of DNB Carnegie and are putting their trust in us,” says Braathen. 

Lending growth and increased customer activity  

Growth in the personal customer and corporate customer markets was good during the quarter. The lending volume in the personal customer market increased by NOK 6.7 billion, and the number of applications for pre-qualification letters increased by 30 per cent, compared with the previous quarter. The proportion of customers asking for interest-only periods on mortgages is at the lowest level since 2020. 

“Amidst market volatility, customers are seeking advice and oversight, and are getting in touch with the bank more frequently. We have never given advice to more customers than we did this quarter. Our advisory services create value both for our customers and for the bank, and we are seeing growing awareness of the importance of choosing a safe Norwegian bank like DNB,” says Braathen. 

One of the goals relating to the acquisition of Carnegie was to increase income from other customer activities than loans and deposits, such as advisory services, capital raising, savings and pensions. In the first quarter, where Carnegie’s results are included in one of three months, this income increased by 29.5 per cent, compared with the same period last year.  

“Developments are strong also without including Carnegie, and income from commissions and advisory services increased by 14.8 per cent,” says Braathen. 

Savings activity among customers remains high 

Despite the market volatility, most customers are maintaining their savings habits and are sticking with their monthly savings schemes. At the same time, we see that many people are choosing to lower the risk slightly by moving funds out of equity funds. DNB is seeing considerable growth in deposits in savings accounts, which are now at the same level as the peak in 2020, during the pandemic.  

Many of the bank’s customers still have good opportunities for saving. Nonetheless, the bank’s figures show that people who began saving in mutual funds during the pandemic, are twice as inclined as more experienced savers to sell all of their holdings during unsettled periods.  

“People who have received advice from us or who have experienced market volatility in the past, generally tend to stick with their savings strategy, and many of them have also taken advantage of the stock market decline to build up their holdings,” says Braathen.  

Over NOK 12 billion back to the community 

DNB is paying a dividend of NOK 16.75 per share for 2024, in total about NOK 25 billion. Over NOK 12 billion will be channelled directly back to the community through the Group’s three largest owners. 

“We are Norway’s largest financial services group, and part of our mission is to create value that also benefits society. A large part of our profits go back to our largest owners, the Norwegian government, the DNB Savings Bank Foundation and Folketrygdfondet (manager of the Government Pension Fund Norway), and this is something both people and companies around the country will benefit from,” says Braathen.  

Financial key figures for the first quarter of 2025 (figures for the corresponding quarter in 2024 in parentheses):  

Pre-tax operating profit before impairment amounted to NOK 14.0 billion (13.1)  

Profit was NOK 10.8 billion (10.2)  

Earnings per share were NOK 7.04 (6.48)  

Return on equity was 15.9 per cent (15.6)  

Cost/income ratio was 36.1 per cent (35.7)  

Common equity Tier 1 (CET1) capital ratio was 18.5 per cent (19.0)  

For further information: 

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

Liselotte Lunde, Executive Vice President of Communications, tel.: (+47) 95 94 92 35 

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

DNB will publish its results for the first quarter of 2025 on Wednesday, 7 May 2025 at 7:30 CET.

9:30 CET: Presentation

CEO Kjerstin Braathen and CFO Ida Lerner present the results at a live streamed presentation. 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]. For media, please register 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 +1 786 697 3501. Password: DNB Q1. Please join the call 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) 97 71 32 50

Media contact: Liselotte Lunde, Executive Vice President of Communications, tel: (+47) 95 94 92 35

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

The shares in DNB Bank ASA will be quoted ex-dividend today, on 30 April 2025. A dividend of NOK 16.75 per share will be distributed to the company’s shareholders as of 29 April 2025, for payment on or around 9 May 2025.

For further information, please contact: 
Rune Helland, Head of Investor Relations, tel. (+47) 232 68 400 / (+47) 977 13 250

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

The Annual General Meeting of DNB Bank ASA was held on 29 April 2025. The Annual General Meeting re-elected Gro Bakstad and Petter-Børre Furberg as board members and Jens Petter Olsen as vice chair of the board, and elected Berit Behring and Vivian Lund as new board members. All were elected for a period of up to two years, until 2027.

The Board of Directors of DNB Bank ASA will have the following composition:

For further information, please contact:

Investor contact
Rune Helland, Head of Investor Relations, tel. (+47) 232 68 400/(+47) 977 13 250 

Media contact
Even Westerveld, Group Executive Vice President, People & Communication, tel. (+47) 400 16 744

The information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act. 

The Annual General Meeting of DNB Bank ASA was held on 29 April 2025. All items on the agenda, as specified in the notice published on 4 April 2025, were approved.

Reference is made to the attached minutes for further details. 

For further information, please contact:

Investor contact
Rune Helland, Head of Investor Relations, tel. (+47) 232 68 400 / (+47) 977 13 250 

Media contact
Even Westerveld, Group Executive Vice President, People & Communication, tel. (+47) 400 16 744

The information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act.