Stock and press releases

On 4 February 2026, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company’s own shares, which represents a total of 7,388,024 shares.

Up to 4,876,096 shares will be purchased on trading venues by 20 March 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 2,511,928 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 2,217 million.

During week 6 of 2026, DNB purchased 843,197 own shares at an average price of NOK 290.3021 per share. Following this, DNB has purchased a total of 843,197 own shares under the current buy-back programme, corresponding to 0.06 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 4 February 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.

Today, 5 February 2026, a total of 9,966 shares in DNB Bank ASA were acquired on behalf of certain of DNB’s primary insiders, who are part of the Group Management team. The share purchase was executed collectively at an average price per share of NOK 288.845.

The shares were purchased in accordance with the share programme that was approved by the Annual General Meeting on 30 June 2020. Shares that are acquired through the programme have a holding period which lasts for as long as the person holding the shares is part of the Group Management team. Upon leaving the Group Management team, the shares are released in stages over a period of three years.

A list of the primary insiders of DNB Bank ASA who have increased their shareholding is attached.

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

Vivian Lund, member of the Board of Directors in DNB Bank ASA, has on 4 February 2026 bought 524 shares in DNB Bank ASA at a share price of NOK 288.25. See attachment for further details.

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

The Board of Directors of DNB Bank ASA plans to propose to distribute a cash dividend of NOK 18 per share for the accounting year of 2025. The formal decision regarding the dividend will be made on the company's Annual General Meeting, which will be held on 21 April 2026.

Dividend amount: 18 per share
Declared currency: Norwegian krone (NOK)
Last day including right: 21 April 2026
Ex-date: 22 April 2026 
Record date (shareholder registration date): 23 April 2026
Payment date: from 30 April 2026
Date of approval: 21 April 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 information is published in accordance with the requirements in Oslo Børs' issuer rules.

DNB recorded a profit of NOK 11.6 billion in the fourth quarter of 2025. This is an increase of NOK 928 million, or 8.7 per cent, compared with the third quarter of 2025. 

“Despite the fact that 2025 was a year characterised by geopolitical turmoil, the Norwegian economy remains strong, with a high level of activity and low unemployment. This is reflected in DNB’s profits through substantial activity in all customer segments, and a 4.9 per cent increase in lending, compared with the year before,” says CEO Kjerstin Braathen.

Corporate customers Norway showed a particularly strong development in the last quarter of 2025, with lending growth of 5.2 per cent, while lending growth for large corporates and international customers ended at 2.7 per cent. 

More customers chose DNB in 2025

For the personal customer market as a whole, there was a 13 per cent increase across DNB and Sbanken in the number of active pre-qualification letters throughout 2025, with particularly strong growth in Sbanken. DNB’s lending growth in the personal customer market was 2.2 per cent, and deposit growth ended at 7.7 per cent in 2025.

“We have a robust and broad range of products and services that serve all customer groups well, through DNB’s breadth and the fully digital Sbanken. We see that customer satisfaction is increasing in both brands, and it’s particularly good to see that customer satisfaction in Sbanken is now at its highest level since the integration,” says Braathen.

Strong growth in commission and fee income, driven by DNB Carnegie

Over time, DNB has shown solid growth in income from other customer activities than loans and deposits. In 2025, this income increased by a full 31.5 per cent.

DNB Carnegie represents a large proportion of this income, with strong development across products and markets since completion of the merger in May 2025. The investment bank operations are among the areas in which the overall strength of DNB Carnegie has yielded good results, and the commission-based income from this area has doubled, compared with the same period the year before.

Among other things, DNB Carnegie has been a key player in the very high activity in the Swedish capital market.

“The Nordic region is becoming increasingly attractive to investors, and our position as the leading investment bank in the Nordics gives us a sound position for continuing to support our customers. DNB Carnegie is entering the new year with twice as many IPO (Initial Public Offering) assignments as this time last year,” says Braathen.

In 2025, the Stockholm stock exchange accounted for almost half of the value of all IPOs in Europe, and last year, DNB Carnegie was the largest facilitator in Europe, measured in both number and volume. Among other things, DNB Carnegie helped facilitate the listing of Verisure, which was the largest IPO in Sweden in over 25 years, and the largest in Europe since 2022.

Norwegians save 4 out of 10 NOK in DNB’s mutual funds

The savings trend in the Norwegian market remains strong, and at present, 4 out of 10 NOK in mutual funds saved by Norwegians are placed in funds managed by DNB. DNB Asset Management now manages more capital than customers have in deposits in the bank. 

“Norwegians have never ever saved more. During the past year, DNB has launched several specialised mutual funds, and we see that the customers have welcomed these warmly,” says Braathen. Fixed savings schemes are approaching NOK 1 billion per month in mutual fund savings.

Assets under management (AUM) increased by NOK 88 billion from the third quarter of 2025, and net inflow in the quarter was NOK 20.2 billion.

Half of the dividends are channelled back to the community 

For 2025 as a whole, the DNB Group has a pre-tax operating profit of NOK 53.4 billion, and the Group has made provisions for losses on loans totalling NOK 2.8 billion. DNB remains one of the most well capitalised banks in Europe, with a common equity Tier 1 (CET1) capital ratio of 17.9 per cent.

The Board of Directors of DNB will propose to the ordinary Annual General Meeting that a divided of NOK 18.00 per share is paid for 2025, in line with the Group's ambition to increase the nominal dividend per share.

“Around half of DNB’s dividends will be channelled right back to Norwegian society through the government’s ownership, Folketrygdfondet (manager of the Government Pension Fund Norway) and the DNB Savings Bank Foundation. With the proposed dividend, for these three players alone, about NOK 13.1 billion will be channelled back to the community,” says Braathen.

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

Pre-tax operating profit before impairment amounted to NOK 14.2 billion (13.5)

Profit was NOK 11.6 billion (12.7) 

Earnings per share were NOK 7.65 (8.21) 

Return on equity was 16.6 per cent (15.9)
 
Cost/income ratio was 39.7 per cent (37.9) 

Common equity Tier 1 (CET1) capital ratio was 17.9 per cent (19.4) 

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

This information is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act.

DNB Bank ASA has decided to initiate a new share buy-back programme comprising up to 0.5 percent of the company’s own shares, which represents a total of 7,388,024 shares. The buy-back programme was adopted based on an authorisation given by the Annual General Meeting held on 29 April 2025. 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 2,217 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 0.2 percentage points.

Up to 0.33 percent of the company’s own shares, which equals 4,876,096 shares, will be bought back on trading venues, at a price of between NOK 10 and NOK 330 per share. The buy-backs will, at the latest, end on 20 March 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 0.17 percent of the shares – up to 2,511,928 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 19,504,384 own shares, which were repurchased in 2025 and 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.