Stock and press releases

In order to enable an optimal level of capital in the company, DNB ASA has decided to initiate a new share buy-back programme. The buy-back programme comprises up to 0.5 per cent of DNB ASA's shares, which represents a total of 7 901 506 shares.

The share buy-back programme is based on an authorization given by DNB ASA's annual general meeting on 30 April 2019 and an approval given by the Financial Supervisory Authority of Norway on 27 June 2019. The authorization from the general meeting will be valid for a period of 12 months from the date of the general meeting. 

In accordance with the authorization from the general meeting, the shares shall be purchased at a price between NOK 10 and NOK 250 per share. The buy-back programme will, at the latest, be completed by the end of March 2020.

Up to approximately 5.2 million of the shares will be repurchased in the open market. In accordance with an agreement between DNB ASA and the state of Norway through the Ministry of Trade, Industry and Fisheries, a proportionate amount of shares will be redeemed from the state of Norway, so that its current ownership interest in DNB ASA of 34 % remains unaffected following completion of the buy-back programme.

DNB ASA will seek approval from the annual general meeting in 2020 for cancellation of the repurchased shares and redemption of shares owned by the state of Norway. The redemption of shares shall be made against a payment which shall correspond to an average volume weighted price of DNB ASA's repurchase of shares in the open market as a part of the buy-back programme, including an interest compensation and an agreed adjustment for any dividend paid on the redemption shares in the buy-back period.

For further information, DNB ASA refers to the minutes from DNB ASA's annual general meeting of 30 April 2019, available at www.dnb.no.

DNB will publish its results for the third quarter of 2019 on Thursday 24 October 2019 at 7.30 a.m. CET. Please note that the analyst conference in London will be held on Monday 28 October.

Thursday 24 October at 9:30 a.m. 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].

The press conference will be held in English. 

Thursday 24 October 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 Q3.

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

Monday 28 October at 07:45 am GMT for 08:00 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] by the end of business Wednesday October 23.

Representatives of the Group management will present the results followed by a Q&A session.

DNB will publish its results for the third quarter of 2019 on Thursday 24 October 2019 at 7.30 a.m. CET. Please note that the analyst conference in London will be held on Monday 28 October.

Thursday 24 October at 9:30 a.m. 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].
The press conference will be held in English. 

Thursday 24 October 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 Q3.
The phone conference (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.

Monday 28 October at 07:45 am GMT for 08:00 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.

In the third quarter of 2019, the DNB Group will recognise a positive effect of NOK 78 million from basis swaps connected to funding. Furthermore, a positive effect of NOK 812 million from the Additional Tier 1 capital will also be recognised.

On 13 September 2018, DNB and Nordea announced an agreement to jointly sell 60 per cent of Luminor to a consortium led by private equity funds managed by Blackstone. As announced, the transaction was subject to customary regulatory approvals. Those approvals have now been received and the deal has now been closed.

As communicated in connection to the announcement of the deal on 13 September 2018, DNB will remain as shareholder in Luminor with a 20 per cent stake.

DNB will realise a positive impact on the Common Equity Tier 1 (“CET1”) ratio of approximately 30bps from closing the transaction. As the transaction formally closed on September 30th, the capital effect will be counted in the third quarter.

Please find link to Luminor’s stock exchange announcement here. 

As a result of recent events and current circumstances related to one specific loan engagement, DNB expects to make a loan loss provision for this in the third quarter of about NOK 1,000m.