Stock and press releases

Please see attached select financial figures for Carnegie for Q4 2024 and FY 2024. Since the acquisition of Carnegie was completed on March 6th, Carnegie’s financial figures will be consolidated into DNB’s per Q1 2025 reporting. 

For Excel file, please visit: www.ir.dnb.no/press-and-reports/ir-updates.

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

In the first quarter of 2025, the DNB Group will recognise a positive mark-to-market effect of NOK 209 million from basis swaps connected to funding. Furthermore, a negative effect of NOK 459 million from the USD and SEK Additional Tier 1 capital will also be recognised. The effects will appear under Net gains on financial instruments at fair value in our financial statement. 
 
For further information, please contact: Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Please see attached select financial figures for Carnegie for Q4 2024 and FY 2024. Since the acquisition of Carnegie was completed on March 6th, Carnegie’s financial figures will be consolidated into DNB’s per Q1 2025 reporting. 

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

The DNB Group's Annual Report, including Sustainability report and Pillar 3 report for 2024, are published today on DNB's website ir.dnb.no. 

For further information: 

Investor contacts: 
Rune Helland, Head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250 
Thor Tellefsen, Head of Long-Term Funding, tel. (+47) 915 44 385 

Media contact: 
Liselotte Lunde, Executive Vice President of Communications, tel: (+47) 959 49 235

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

DNB Bank ASA (“DNB”) refers to the stock exchange notice published 21 October 2024, where it was announced that DNB has entered into an agreement to purchase all the shares in Carnegie Holding AB – the parent company in the Carnegie Group (“Carnegie”) – from the private equity fund Altor and other shareholders.

Completion of the transaction requires approvals from authorities in several jurisdictions. It has now been clarified that the transaction will be completed, since all the necessary approvals have been obtained. Completion is expected to occur 6 March 2025.
                
DNB shall pay a total consideration of SEK 12 billion. In addition, the purchase price will be adjusted for Carnegie’s capital surplus at the time of the transaction, calculated on the basis of Carnegie’s normalized common equity tier 1 ratio at the time of the completion of the transaction. Furthermore, the shares of the minority shareholders in the subsidiaries of Carnegie Holding AB will be acquired as part of the transaction, for a total consideration of approximately SEK 300 million. 

For the time being, DNB and Carnegie will continue to operate as is. Following completion of the acquisition, there will be a gradual legal and operational integration of the business, including the implementation of the new brand, DNB Carnegie.

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

Today, 6 February 2025, a total of 11,259 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 247.1206.

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.