Stock and press releases

DNB will publish its results for the third quarter of 2024 on Tuesday, 22 October 2024 at 7:30 CET.

9:30 CET: Presentation

CEO Kjerstin Braathen and CFO Ida Lerner 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 +47 21 56 33 18, 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: Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Øystein Kløvstad Langberg, Executive Vice President of Communications, tel.:(+47) 98 04 88 25

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

In the third quarter of 2024, the DNB Group will recognise a negative mark-to-market effect of NOK 194 million from basis swaps connected to funding. Furthermore, a negative effect of NOK 19 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

DNB Bank ASA (“DNB”) has completed the share buy-back programme announced on 17 June 2024.

A total of 9,850,699 shares, which equals 0.66 percent of the shares in the company, were purchased on trading venues, for a total consideration of NOK 2.13 billion. The average price paid per share was NOK 216.46. Following this, DNB owns a total of 9,850,699 own shares – i.e. the same number. A proposal will be made at the Annual General Meeting in 2025 to cancel all these shares.

At the same meeting it will also be proposed to redeem 5,074,602 shares, which equals 0.34 percent of the shares in the company, from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”). The purpose of this is to ensure that NFD’s ownership interest of 34 percent remains unchanged. NFD will receive a total consideration of almost NOK 1.1 billion and an interest compensation.

Please see the stock exchange announcement published on 17 June 2024, which is available at www.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.

On 17 June 2024, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 37 of 2024, DNB purchased 770,000 own shares at an average price of NOK 214.9770 per share. Following this, DNB has purchased a total of 9,850,699 own shares under the current buy-back programme, corresponding to 0.66 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.

Today, DNB has updated the Group's strategy for the years ahead. This means that DNB will be even more customer-centric and prioritise simplification and digitalisation that will benefit the customers. 

At the same time, the bank is preparing for a future with lower interest rates and even tougher competition to win customers. DNB will therefore intensify its focus on cost-effectiveness, so that the bank can continue to offer customers the best services at a good price.

"DNB is well positioned to take new steps in the area of digitalisation and automation. At the same time, DNB's costs have also increased in pace with high inflation and even more regulatory requirements for banks. We acknowledge that we have to spend our resources on fewer, but larger initiatives," says Group Chief Executive Officer (CEO) Kjerstin Braathen.

DNB made changes to its Group management and organisational structure in May this year, and has been working on clarifying its strategy in parallel. The next phase is now starting, and among the measures the bank is implementing is centralisation and downsizing of staff and support functions. The goal is a reduction in the number of employees of around 500 full-time equivalents over the next six months.

"Downsizing is not something we take lightly, and we understand that this will create uncertainty among our employees. We will therefore place emphasis on ensuring that the process is fair and proper and on keeping a good dialogue with those who are affected, as well as the employee representatives," says Braathen.

For further information:   

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

Øystein Kløvstad Langberg, Executive Vice President of Communications, tel.: (+47) 98 04 88 25  

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

On 17 June 2024, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 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 3,358 million.

During week 36 of 2024, DNB purchased 798,481 own shares at an average price of NOK 219.2480 per share. Following this, DNB has purchased a total of 9,080,699 own shares under the current buy-back programme, corresponding to 0.61 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 17 June 2024, which is available at www.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 www.newsweb.oslobors.no.