Stock and press releases

DNB will publish its results for the fourth quarter of 2019 on Thursday 6 February 2020 at 7.30 a.m. CET.

Thursday 6 February at 9:30 am CET: press conference in English accessible via live web TV
Place: DNB's head office in Bjørvika, Dronning Eufemias gate 30, Oslo. A live broadcast will be available on the Investor Relations pages at ir.dnb.no.
Please register your attendance in Oslo by email to [email protected].

Thursday 6 February at 1:30 pm CET: conference call for analysts and investors
To attend the conference call: (+47) 21 56 33 18, or International line: (+44) (0) 20 30 03 26 66. Password: DNB Q4.
The phone conference (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.

Friday 7 February at 09:15 am GMT for 09:30 start: breakfast conference for analysts in London.
Place: DNB Bank ASA, 8th Floor, The Walbrook Building, 25 Walbrook, London EC4N 8AF.
Please register your attendance in London by email to [email protected]
Representatives of the Group management will present the results followed by a Q&A session.

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

During week 2 2020, DNB ASA has purchased 755 000 own shares at an average price of NOK 165.31 per share. After this, DNB ASA owns a total of 10 688 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November and 12 December 2019. The share buy-back programme comprises up to approximately 23.7 million shares, of which up to approximately 15.6 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November and 12 December 2019 (available from www.newsweb.no).

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

During week 1 2020, DNB ASA has purchased 314 000 own shares at an average price of NOK 164.95 per share. After this, DNB ASA owns a total of 9 933 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November and 12 December 2019. The share buy-back programme comprises up to approximately 23.7 million shares, of which up to approximately 15.6 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November and 12 December 2019 (available from www.newsweb.no).

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

In the fourth quarter of 2019, the DNB Group will recognise a negative effect of NOK -361 million from basis swaps connected to funding. Furthermore, a negative effect of NOK -742 million from the Additional Tier 1 capital will also be recognised.

During week 52 2019, DNB ASA has purchased 190 000 own shares at an average price of NOK 163.16 per share. After this, DNB ASA owns a total of 9 619 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November and 12 December 2019. The share buy-back programme comprises up to approximately 23.7 million shares, of which up to approximately 15.6 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November and 12 December 2019 (available from www.newsweb.no).

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

Further to today's announcement from the Norwegian Financial Supervisory Authority (the "FSA"), DNB ASA has received minimum requirement for own funds and eligible liabilities (the "MREL requirement").

DNB ASA shall hold total MREL capital equal to 36.7 percent of its adjusted risk weighted assets based on the balance per 31 December 2018, which leads to a need for eligible debt of NOK 157 billion. This is in line with the previously communicated expectation of approximately NOK 150 billion. The MREL requirement will vary over time based on changes in risk weighted assets and capital requirements.

The minimum MREL requirement shall be met per 30 June 2020. Senior preferred debt issued by DNB Bank ASA per 31 December 2019, with a minimum remaining tenor of one year, will qualify as MREL capital until 31 December 2022. As of 31 December 2019, outstanding senior preferred debt with a minimum remaining tenor of one year amounts to NOK 178 billion. 

The FSA requires the MREL eligible debt to be issued by DNB ASA (the holding company of the DNB Group) to third party investors. Relevant group units, including DNB Bank ASA, shall issue internal MREL eligible debt to DNB ASA in order to establish an adequate loss absorbing mechanism in the group. The requirement regarding structural subordination shall be met within 31 December 2022.              

DNB has, however, initiated a process to merge DNB ASA and DNB Bank ASA, making DNB Bank ASA the ultimate parent company of the DNB Group. The intention of the merger, which requires permission from the Norwegian Ministry of Finance, is to enable DNB to issue non-preferred senior debt from DNB Bank ASA.  

DNB ASA is required to deliver a plan to the FSA on how to fulfill the MREL requirement within 31 March 2020.

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