DNB's CMD - One superior target: ROE above 12 per cent

DNB is arranging its Capital Markets Day in London today, 21 November, at 09.00 a.m. local time.

The presentations for the event are enclosed and are available on www.dnb.no/ir 

DNB is targeting a return on equity above 12 per cent towards 2016 based on a 13.5-14.0 per cent core equity Tier 1 capital ratio requirement. DNB will build higher capital through its retained earnings capacity of well above 100 basis points per year.

DNB is reducing its guiding for impairments on loans and guarantees to below NOK 3 billion for the full year 2013, and below the 2013 level for the full year 2014. DNB will keep its dividend payout ratio at approximately 25 per cent during the capital build-up phase until 2016, and is maintaining its long-term policy of 50 per cent payout.

Presenters today will be the CEO, the CFO, the head of Personal Banking Norway and the head of Large Corporates and International.

The presentations will be shown on live web-TV from 09.00 a.m. GMT. More information is available on www.dnb.no/ir

For more information:
Per Sagbakken, Head of Investor Relations, mobile +47 90 66 11 59