"On the basis of Norges Banks's decision at the monetary policy meeting on 22 June to raise the key policy rate by 0.50 percentage points, DNB has decided to increase the interest rate on home mortgages and deposits by up to 0.50 percentage points," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.

In DNB, we want to help young people enter the housing market, and customers who are buying their first home will therefore be given our best floating interest rate of 4.84 per cent. We have also strengthened our advisory services targeting this customer group.

All customers whose interest rates are adjusted will be given information in the online bank or recieve a letter by post, explaining how this will affect them. The new interest rates will apply from 27 June for new mortgages and deposits, and from 7 August for existing mortgages and deposits.

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.: (+47) 97 51 67 07

On 8 February 2023, the Board of Directors of DNB Bank ASA decided to offer employees in DNB Bank ASA shares with a discount of up to 25 % (up to NOK 14,500 per employee).

The shares were allotted today, 16 May 2023, at a gross price of NOK 185.2821 per share.

Please see attachment for further details regarding the primary insiders that made use of the offer.

This information is subject of the disclosure requirements pursuant to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.

“On the basis of Norges Bank's decision at the monetary policy meeting on 4 May to raise the key policy rate by 0.25 percentage points, DNB has decided to increase the interest rate on home mortgages and deposits by up to 0.25 percentage points," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.  

In DNB, we want to help young people enter the housing market, therefore customers who are buying their first home will be given our best floating interest rate of 4.34 per cent. We have also strengthened our advisory services targeting this customer group. 

All customers whose interest rates are adjusted will be given information in the online bank or receive a letter by post, explaining how they will be affected. The new interest rates will apply from 12 May for new mortgages and from 11 May for new deposits, and from 22 June for existing mortgages and deposits.   

For further information:  

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

Vibeke Hansen Lewin, Executive Vice President Communications tel.: (+47) 99 01 33 49 

Alexander Opstad, Group Executive Vice President in DNB Bank ASA, has on 5 May 2022 transferred 12 000 shares in DNB Bank ASA at a share price of NOK 184,70 to Chaos Capital AS, which is a wholly owned investment company of Opstad. The shareholding of Alexander Opstad, including close associates, is unchanged at 56 662 shares after the transfer.

See attachment for further details.

This information is subject to the disclosure requirements according to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.

Reference is made to the previous stock exchange notices published by DNB Bank ASA (“DNB”) with respect to the merger with DNBs wholly owned subsidiary Sbanken ASA (“Sbanken”), including the stock exchange notice dated 10 November 2022, where DNB announced that the Board of Directors of both DNB and Sbanken have approved the merger plan.

The merger has today been registered in the Norwegian Registry of Business Enterprises and is, consequently, effective in accordance with section 13-17, cf. section 13-24 of the Norwegian Public Limited Companies Act.  DNB has assumed all assets, rights and obligations of Sbanken, and Sbanken has simultaneously been dissolved.

The merger has been executed without merger consideration and DNB's share capital remains unaffected.

With effect from today, 2 May 2023, DNB will assume the position as debtor under the following bonds previously issued by Sbanken:

The ticker on the bonds listed above will be amended from SBANK to DNBA.

For further information, please contact:

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

The information in this statement is subject to the disclosure requirements pursuant to Oslo Stock Exchange’s continuing obligations.

Oslo, 28 April 2023

Today, 28 April 2023, a total of 237,050 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 185.5792.

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 9.7%.

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.

Jens Petter Olsen, Vice chair of the Board of Directors in DNB Bank ASA, has 27 April 2023 bought 6 000 shares in DNB Bank ASA at a share price of NOK 181,3533. See attachment for further details.

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

DNB’s profit in the first quarter of 2023 was NOK 10 472 million. This is an increase of NOK 371 million, or 3.7 per cent, from the fourth quarter of 2022.

The first quarter of the year was marked by international market turbulence. The level of activity in the Norwegian economy remained high, and this, combined with a tight labour market and high inflation, was a contributory factor in the decision by the Norwegian central bank, Norges Bank, to raise the key policy rate.

“I am happy to say that many customers are choosing us, and that we are experiencing growth in both the personal and corporate customer markets. Over the past 12 months, lending growth has exceeded 6 per cent, which is a development we are very pleased with. Behind our quarterly figures lie thousands of good conversations with customers about investments, new jobs, or with people who have bought a new home or their first car,” says CEO Kjerstin Braathen.

High level of activity and profitable growth

Loans to customers increased by a total of NOK 10.8 billion, or 0.6 per cent, in the quarter. Customer deposits increased by NOK 69.1 billion, or 4.9 per cent, during the same period. Profitable growth and higher interest rate levels contributed to the bank’s net interest income increasing by NOK 529 million, or 3.8 per cent, compared with the fourth quarter of 2022.

“More customers than before are contacting us for advice concerning their finances. We see that the number of savings agreements is increasing and monthly savings amounts are going up, and that customers are taking a more conscious approach to investing their savings so as to achieve the highest possible return. The recognition we received in the form of Morningstar naming us best fund company is being noticed, and there has also been strong growth in the number of customers who want to have their capital actively managed by us,” says Braathen.

There has been a lot of activity together with our customers this quarter, and income from customer-driven activities (commission and fee income) amounted to a solid NOK 2 634 million, which was an increase of 1.8 per cent compared with the corresponding quarter last year. All product areas, particularly money transfers and banking services, contributed to the strong growth in income.

The high demand for financing of sustainable initiatives continues. The bank aims to be a driving force for sustainable transition by financing and facilitating sustainable activities worth NOK 1 500 billion by 2030. We are well on the way to reaching our target, and the status for this goal at the end of the quarter was a total of NOK 423 billion.

The bank’s customer portfolio is robust and well-diversified, and sound banking practices in the restructuring work contributed to net reversals of impairment provisions totalling NOK 79 million in the quarter, mainly associated with corporate customers within the offshore industry segment.

Financial key figures for the first quarter of 2023 (figures for the corresponding quarter in 2022):

• Pre-tax operating profit before impairment amounted to NOK 13.6 billion (9.3)
• Profit was NOK 10.5 billion (7.6)
• Earnings per share were NOK 6.59 (4.77)
• Return on equity was 17.2 per cent (13.7)
• Cost/income ratio was 34.0 per cent (38.5)
• Common equity Tier 1 (CET 1) capital ratio was 18.6 per cent (18.1)

For further information:

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

Thomas Midteide, Group Executive Vice President of Communications & Sustainability, tel.: (+47) 96 23 20 17

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

The shares in DNB Bank ASA will be quoted ex-dividend on 26 April 2023. A dividend of NOK 12.50 per share will be distributed on 5 May 2023 to registered shareholders as at 25 April 2023.

For further information, please contact:
Rune Helland, head of Investor Relations, tel: +47 977 13 250

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