Stock and press releases

DNB is today making changes to its organisation and Group Management team. 

“In DNB, a total of 10 964 employees put in a tremendous effort every day. Now we are reorganising DNB to be ready for the next stage of our journey, to deliver even better value for our customers,” says Group Chief Executive Officer (CEO) Kjerstin Braathen. 

The following changes apply from today, 6 May: 

• Business Banking Norway will be established as a separate business area. Head of the unit, Rasmus Aage Figenschou, will become part of the Group Management team. 
• Maria Ervik Løvold will take over as Group Executive Vice President of Personal Banking.
• A new support unit will be set up, People & Communication, which will be led by Even Westerveld. 
• Eline Skramstad will take over as Group Executive Vice President of Group Risk Management.

“With the new line-up in our Group Management team, we are making our customer focus clearer and linking banking and technology even more closely together. In order to deliver the best services to our customers in the future as well, we must develop even faster. These changes will contribute to that,” says Braathen.

The new Group Executive Vice President of Personal Banking, Maria Ervik Løvold, has extensive experience from both the technology environments and the customer environments in the bank.

“Maria has contributed significantly to reducing the technical complexity in DNB, and at the same time she already knows the personal customer market well from previous roles in DNB. I feel confident that she will contribute to creating new, good customer experiences for over two million DNB customers across the country,” says Braathen. 

The technical merger of Sbanken has now been completed, and the next phase is well underway. 
 
“I’m looking forward to embarking on the next chapter for the personal customer area, and to use DNB's muscles to build momentum for Sbanken as a challenger in the banking market,” says Løvold.
 
As of today, Ingjerd Blekeli Spiten, Sverre Krog and Anne Sigrun Moen will no longer be members of DNB's Group Management team. 

“I would like to extend a big thank you to Ingjerd, Sverre and Anne Sigrun. They have made valuable contributions both to good teamwork and to good results in the years we have worked together,” says Braathen.

DNB's new Group Management team as of 6 May:

Group Chief Executive, CEO: Kjerstin R. Braathen 

Group Finance: Ida Lerner

Wealth Management: Håkon Hansen

Markets: Alexander Opstad

Personal Banking: Maria Ervik Løvold

Business Banking Norway Rasmus Aage T. Figenschou

Large Corporates & International: Harald Serck-Hanssen

People & Communication: Even Graff Westerveld

Products, Data & Innovation: Per Kristian Næss-Fladseth 

Group Compliance: Fredrik Berger

Group Risk Management: Eline Skramstad

Technology & Services: Øyvind Trangerud (acting)

 
For further information: 

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

Kari Vartdal Riise, Executive Vice President of Communications (acting), tel. 97 51 67 07
 

Oslo, 30 April 2024 

Today, 30 April 2024, a total of 189,946 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 194.3405.

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 7.6% or 8.1%, 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.

The shares in DNB Bank ASA will be quoted ex-dividend today (30 April 2024). A dividend of NOK 16 per share will be distributed from 8 May 2024 to shareholders as at 29 April 2024. 

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 2024. The Annual General Meeting re-elected Kim Wahl as Board member and Olaug Svarva as Chair of the Board, for a period of two years, until 2026.

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, Communication & Sustainability, 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 2024. All items on the agenda, as specified in the notice published on 5 April 2024, were approved, with the exception of item 14.

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, Communication & Sustainability, 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.

Jens Petter Olsen, Vice Chair of the Board of Directors of DNB Bank ASA, has 23 April 2024 bought 6,000 shares in DNB Bank ASA at a share price of NOK 205.71. See attachment for further details.

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