Stock and press releases

DNB recorded profits after tax of NOK 10.4 billion in the second quarter of 2025. This is a decrease of NOK 0.3 billion, or 3 per cent, compared with the corresponding period last year. 

“I'm impressed by how well our customers are handling the global uncertainty. The Norwegian economy is robust, with low unemployment, real wage growth and a high level of activity. This also contributes to DNB delivering a solid result with high and increasing activity across customer segments and product areas," says CEO Kjerstin Braathen. 

Loan growth in all segments 

In the personal customer segment, activity remained high throughout the quarter, with strong demand for mortgages. This has contributed to loan growth of 3.2 per cent over the past 12 months, 0.8 per cent compared with the previous quarter. At the end of the quarter, DNB saw that enquiries from customers who wanted to move their mortgages to the bank were twice the normal volume.  

Activity in the market has been particularly high since the Norwegian central bank, Norges Bank, decided to cut the key policy rate by 0.25 percentage point on 18 June.  

“We know that many of our customers have been waiting for this, and it was important for us to quickly notify our customers of our interest rate cut. Norges Bank has done a good job of managing the inflation during the past few years and now considers it appropriate to reduce the key policy rate. This indicates that the Norwegian economy is healthy," says Braathen. 

The other customer segments also experienced growth in the quarter, and around 7 out of 10 kroner of the Group's profit can be ascribed to operations not including the personal customer market.  

The figures for the second quarter show that companies are continuing to invest. Loans to corporate customers in Norway grew by 1.8 per cent, while growth in loans to the largest Norwegian and international companies was 3.3 per cent, compared with the previous quarter.  

DNB's portfolio is well diversified, and impairment provisions in the quarter amounted to NOK 677 million, of which only NOK 12 million was related to personal customers.  

Raising capital for the business sector  

There is a significant increase in the proportion of income from other customer activities than loans and deposits.  This is in line with the ambition to increase commission income from advisory services, capital raising, savings and pensions – a development that is reinforced by the acquisition of Carnegie. Net commission and fee income was up 27.1 per cent in the quarter, compared with the second quarter of 2024, ending at NOK 4.4 billion.   

“This is income from areas where customers seek our advice and expertise. We have never had such a strong quarter in this area before, and we see that we are creating good customer value in all product areas. With the integration and establishment of DNB Carnegie, we are well positioned for further growth," says Braathen. 

The acquisition of Carnegie was completed on 6 March, and DNB Carnegie was launched on 12 May. 

“The feedback from our customers has been positive, and we see now that the companies are an even better match than we expected when we decided to acquire Carnegie. The combination of products, geography, industry knowledge and experience positions us as the leading Nordic investment bank, and since the launch, DNB Carnegie has assisted in 119 capital markets transactions globally," says Braathen.  

Financial key figures for the second quarter of 2025 (figures for the corresponding quarter in 2024):  

Pre-tax operating profit before impairment amounted to NOK 13.8 billion (14.1)  

Profit was NOK 10.4 billion (10.8)  

Earnings per share were NOK 6.79 (6.83)  

Return on equity was 15.4 per cent (16.6)  

Cost/income ratio was 38.8 per cent (34.8)  

Common equity Tier 1 (CET1) capital ratio was 18.3 per cent (19.0)  

For further information:  

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

Kari Vartdal Riise, Communications Adviser, tel. (+47) 97 51 67 07 

DNB will publish its results for the second quarter of 2025 on Friday, 11 July 2025 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 Q2. 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
Anne Engebretsen, Investor Relations, tel.: (+47) 23 26 84 08

Media contact: 
Liselotte Lunde, Executive Vice President of Communications, tel: (+47) 95 94 92 35

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

On 17 June 2025, 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 14,776,048  shares.

Up to 9,752,192 shares will be purchased on trading venues by 1 October 2025, and a proposal to cancel the shares will be made at the Annual General Meeting in 2026. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 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 4,211 million.

During week 27 of 2025, DNB purchased 476,818 own shares at an average price of NOK 276.9636 per share. Following this, DNB has purchased a total of 2,044,010 own shares under the current buy-back programme, corresponding to 0.14 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 2025, which is available at 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 newsweb.oslobors.no.

In accordance with the purpose of the buy-back program carried out by DNB Bank ASA ("DNB") during the period from DNB's Annual General Meeting in 2024 to DNB's Annual General Meeting in 2025, the company's Annual General Meeting held on 29 April 2025 decided to reduce DNB's share capital with NOK 186,566,262.5 from NOK 18,656,628,575 to NOK 18,470,062,312.5, by deletion or redemption of a total of 14,925,301 shares.  

The capital reduction was filed with the Norwegian Register of Business Enterprises on 5 May 2025 and the creditor notice period expired on 16 June 2025. The capital reduction was completed on 25 June 2025 in accordance with the resolution from the annual general meeting.  

The new share capital of DNB ASA is NOK 18,470,062,312.5 divided between 1,477,604,985 shares of NOK 12.50 each.  

For further information, please contact Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250. 

In the second quarter of 2025, the DNB Group will recognise a negative mark-to-market effect of NOK 97 million from basis swaps connected to funding. Furthermore, a negative effect of NOK 222 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

On 17 June 2025, 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 14,776,048  shares.

Up to 9,752,192 shares will be purchased on trading venues by 1 October 2025, and a proposal to cancel the shares will be made at the Annual General Meeting in 2026. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,023,856 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 4,211 million.

During week 26 of 2025, DNB purchased 899,979 own shares at an average price of NOK 274.3475 per share. Following this, DNB has purchased a total of 1,567,192 own shares under the current buy-back programme, corresponding to 0.11 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 2025, which is available at 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 newsweb.oslobors.no.