Stock and press releases

Date: Tuesday 10 November 2026
Time: 12:00 pm - 2:30 pm GMT. Registration and lunch from 11:00 am - 12:00 pm GMT
Location: DNB Bank ASA London Office, 8th Floor, The Walbrook Building, 25 Walbrook, London EC4N 8AF

We will present an update on financial targets and strategic topics. In addition, our largest customer segments will provide a more detailed update. The presentation will be held in English and will be followed by a Q&A session. 

Speakers at the CMD will be: 
Kjerstin R. Braathen, CEO 
Rasmus T. Figenschou, CFO 
Maria Ervik Løvold, Group EVP Personal Banking
Marianne Wik Sætre, Group EVP Corporate Customers Norway
Harald Serck-Hanssen, Group EVP Large Corporates & International 
Alexander Opstad, Group EVP DNB Carnegie 
Håkon Hansen, Group EVP Wealth Management

Registration
Please register your physical attendance with [email protected]. 
The closing date for the registration is 5 November 2026. 
The event will be webcasted, and it will be possible to ask questions online. 

We look forward to seeing you in London. 

For further information: 
Mitra Hagen Negård, Head of Investor Relations, tel.: (+47) 95 79 36 31
Even Westerveld, Group EVP People & Communications, tel.: (+47) 40 01 67 44

DNB Bank ASA has decided to initiate a new share buy-back programme comprising up to 0.75 per cent of the company’s own shares, which represents a total of 10,804,986 shares. The buy-back programme was adopted based on an authorisation given by the Annual General Meeting held on 21 April 2026. 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 3,790 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 approximately 0.3 percentage points. 

Up to 0.495 per cent of the company’s own shares, which equals 7,131,291 shares, will be bought back on trading venues, at a price of between NOK 10 and NOK 400 per share. The buy-backs will, at the latest, end on 18 December 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 0.255 per cent of the shares – up to 3,673,695 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 per cent 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 19,016,776 own shares, which were repurchased earlier in 2026. 
 
For further information, please contact:  
Investor contact: Mitra Hagen Negård, Head of Investor Relations, tel.: (+47) 95 79 36 31

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. 

DNB delivered profits after tax of NOK 9.8 billion in the third quarter of 2026, which is a decrease of NOK 839 million, or 7.9 per cent, compared with the corresponding period last year. 

“The Norwegian economy is robust. The vast majority of the population have a job and secure personal finances. People are continuing to save and invest, while companies are investing and developing their business operations. This provides a good starting point for further growth,” says CEO of DNB Kjerstin Braathen. 

“At the same time, we are seeing good activity throughout the Nordic region, with particularly strong growth in Sweden. With DNB Carnegie, we have strengthened the scope of our operations and our Nordic position, and we can to an even greater extent help customers realise their ambitions through advisory services and financing,” says Braathen. 

More customers are choosing DNB for saving and investments 
DNB delivered record results in asset management in the quarter, driven by strong customer growth and high capital inflows across business operations. Assets under management in DNB’s mutual fund solutions reached NOK 1,849 billion, up NOK 67.6 billion from the previous quarter, while there was an all-time high net flow to mutual funds of NOK 54.5 billion.  

“We are seeing a strong development in savings and investments, with both more customers and increased saving. The fact that the average holding per mutual fund customer has exceeded NOK 500,000 and has doubled in five years shows that more and more people are choosing mutual funds as an important part of their long-term saving,” says Braathen. 

Annual saving in mutual funds, through fixed savings schemes, has increased by 14 per cent so far this year, to NOK 12.6 billion. 

Record quarter for DNB Carnegie Investment Banking 
At DNB Carnegie, customer income was strong in the third quarter, with good development across regions and business areas. Income increased by 25 per cent, to NOK 2.8 billion. 

“The integration of Carnegie is going to plan and yielding results. Customers are choosing us for increasingly large and more complex transactions, and this confirms that we have established a leading Nordic platform with significant standing in the market,” says Braathen. 

Investment Banking delivered its strongest third quarter ever, driven by a high level of activity and larger mandates in the areas of mergers and acquisitions, loans and bonds. Income from investment banking activities reached NOK 1.1 billion, an increase of 44 per cent compared with the third quarter of last year. So far this year, income from investment banking activities is NOK 3.1 billion, up 30 per cent compared with the same period last year. 

Better customer experiences and increased use of AI 
Developments in the personal customer market were positive throughout the quarter, with higher customer satisfaction and growth in both loans and deposits compared with the third quarter of last year. Lending volumes increased by 1.3 per cent, to NOK 989 billion, while deposits were up 3.8 per cent, to NOK 653 billion.  

“We are growing in a highly competitive market, while at the same time customer satisfaction is rising. It is particularly motivating to see how we can use AI in concrete terms to improve the customer experience and give our advisers more time with customers,” says Braathen. 

All calls to the customer service centre now go through a new digital voice portal, with 92 per cent of calls reaching an adviser with the right expertise on the first attempt. The customer advisers also use AI-assisted logging, so they can spend more of their time on the actual conversation with the customer.  

Financial key figures for the third quarter of 2026 (figures for the corresponding quarter of 2025 in parentheses):  
Pre-tax operating profit before impairment amounted to NOK 13.1 billion  (14.2)
Profit was NOK 9.8 billion (10.7)
Earnings per share were NOK 6.57 (6.98)
Return on equity was 14.5 per cent (15.8)
Cost/income ratio was 39.8 per cent (37.4)
Common equity Tier 1 (CET1) capital ratio was 17.3 per cent (17.9)  

For further information, please contact:  
Investor contact: Mitra Hagen Negård, Head of Investor Relations, tel.: (+47) 95 79 36 31  
Media contact: Liselotte Lunde, Head of Communications, tel: (+47) 95 94 92 35 

This information is considered to include inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

This release is issued by Anne Engebretsen, Senior Advisor at DNB Bank ASA. Date and time of publication: 07:30 CET, 21 October 2026. 

DNB will publish its results for the third quarter of 2026 on Wednesday, 21 October 2026 at 7:30 CET.  

9:30 CET: Presentation  
CEO Kjerstin Braathen and CFO Rasmus Figenschou present the results at a live streamed presentation. It will be possible to ask questions online and a broadcast will be available on the Investor Relations pages at ir.dnb.no. It will also be possible to physically attend the presentation at DNB's head office in Bjørvika, Dronning Eufemias gate 30. Please register your attendance in Oslo, at [email protected]. For media, please register at [email protected].   

13:30 CET: Conference call for analysts and investors  
Call-in details: Norway Toll Free 800 19 458, UK-Wide +44 (0) 33 0551 0200, US +1 786 697 3501. Password: DNB Q3. Please join the call early to allow the operator to transfer you into the call by the scheduled start time. The conference call (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.  
 
For further information, please contact:  
Investor contact: Mitra Hagen Negård, Head of Investor Relations, tel.: (+47) 95 79 36 31  
Media contact: Liselotte Lunde, Head of Communications, tel: (+47) 95 94 92 35 

DNB will publish its results for the third quarter of 2026 on Wednesday, 21 October 2026 at 7:30 CET.

9:30 CET: Presentation

CEO Kjerstin Braathen and CFO Rasmus Figenschou present the results at a live streamed presentation. It will be possible to ask questions online and a broadcast will be available on the Investor Relations pages at ir.dnb.no. It will also be possible to physically attend the presentation at DNB's head office in Bjørvika, Dronning Eufemias gate 30. Please register your attendance in Oslo, at [email protected]. For media, please register at [email protected].

13:30 CET: Conference call for analysts and investors

Call-in details: Norway Toll Free 800 19 458, UK-Wide +44 (0) 33 0551 0200, US +1 786 697 3501. Password: DNB Q3. Please join the call early to allow the operator to transfer you into the call by the scheduled start time.

The conference call (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.

For further information, please contact:
Investor contact: Mitra Hagen Negård, Head of Investor Relations, tel.: (+47) 95 79 36 31
Media contact: Liselotte Lunde, Head of Communications, tel: (+47) 95 94 92 35

DNB is investing considerably in technology, artificial intelligence (AI) and digital solutions to meet its customers’ expectations of simple, fast and available banking services. In order to deliver better customer experiences, increase efficiency and meet customers’ future needs, DNB is carrying out organisational changes and downsizing as part of a comprehensive restructuring of Technology & Services (T&S). 

During the past few years, DNB has simplified a number of internal processes and routines. At the same time, the Group has adopted agentic AI in several parts of its operations. This technology replaces tasks that were previously handled manually and contributes to faster processes and increased capacity, and it simplifies life for our customers. Control of customer data and the work relating to the Know Your Customer (KYC) process, as well as technology development and coding, are areas where the bank is already seeing that AI agents can contribute substantial efficiency gains. 

To achieve these gains and exploit the opportunities associated with new technology and new work processes, DNB will adapt the organisation of T&S and its skills mix. The changes entail a reduction in the workforce of about 400 full-time equivalents (FTEs). 

“AI is changing the way we work and how we deliver services to our customers. We are already seeing considerable gains, and are therefore adapting our organisation to a new reality. At the same time, we know that this restructuring will affect employees who have made a strong contribution to DNB for many years. This is why it is important for us to carry out an orderly and responsible process, and take care of the employees affected in the best possible way,” says Group Chief Executive Officer (CEO) Kjerstin Braathen.   

DNB will carry out the process in accordance with applicable rules and legislation, and in close dialogue with the employee representatives.  

The restructuring costs will be recognised in the accounts in the fourth quarter of 2026, and the downsizing will be completed during the fourth quarter of 2026, with the effect relating to costs fully recognised in the accounts from the second quarter of 2027. Further information about the financial effects of the restructuring process will be disclosed later this year. 

For more information, please contact:  
Mitra Hagen Negård, Head of Investor Relations: (+47) 95 79 36 31 
Liselotte Lunde, Head of Communications: (+47) 95 94 92 35  

This release is issued by Hege Sikveland, Personal Assistant at DNB Bank ASA. Date and time of publication: 6 October 2026, 09:00 CET.