We are Norway's largest financial services group.
- Investing in stable improving Norwegian economy
- Digitalisation and automation ensure world-class cost efficiency
- New phase for DNB, after years of capital build up – increased dividend
- DNB's leading market position
Strategy and targets
Our principal market is Norway, where we have a clearly leading position and wide distribution power. In addition, we are one of the world’s foremost banks within ocean industries and have a strong international position in the energy sector. We are well positioned as a driving force for sustainable transition, and we actively help customers take a more sustainable direction.
We offer our customers a complete range of products and services. DNB’s overall expertise and service and product offering constitute our greatest competitive advantages. Our expertise includes both insight into local business markets and specialist expertise within key industries in Norway.
Customers should perceive us as proactive and innovative, as well as reliable and attentive to their needs. We will explore new business models that are based on data and digital solutions. The technology we use will allow us to get closer to our customers and be more relevant in their everyday lives. We will build profitability by drawing on our strengths and making decisions that improve us in the long term. We will ensure that the digital architecture of tomorrow is based on robust and efficient data management, and we will gain greater scope for innovation by modernising processes and through more efficient IT systems.
Delivering on financial targets
DNBs overriding target is to deliver above 13 per cent return on equity (ROE). At the same time, DNB shall maintain a cost/income ratio below 40 per cent and a common equity Tier 1 capital (CET1) ratio above 17.0 per cent. Our long-term dividend policy is to have a payout ratio of more than 50 per cent of profits as cash dividends, provided that the Group's capital adequacy is at a satisfactory level. We aim to increase the nominal dividend per share every year. Excess capital will paid out to the owners as a combination of cash dividends and the repurchase of shares.
By reaching our financial targets, we will create profitable growth and make choices that will stand the test of time.
Goals and strategic priorities