Stock and press releases

This information is published in accordance with the requirements of the Continuing Obligations.

DNB will publish its results for the fourth quarter of 2017 on Thursday, 2 February 2017 at 7.30 am CET.

2 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 at www.dnb.no/en/ir.
Please register your attendance in Oslo at [email protected].
The press conference will be held in English.

2 February at 1.30 pm CET: conference call for analysts and investors
To attend the conference call: dial (+47) 21 56 33 18 or from outside Norway: +44 (0) 20 3003 2666 or from the US: +1 646 843 4608. Password: DNB Q4.
The phonecast (listen only mode) and replay will be available at www.dnb.no/en/ir.

3 February at 12.45 noon GMT: lunch conference for analysts in London
Place: DNB Bank ASA London Branch, 8th Floor, The Walbrook Building, 25 Walbrook London EC4N8AF
Please register your attendance in London at [email protected].

Management will present the results followed by a Q&A session.

DNB will publish its results for the fourth quarter of 2017 on Thursday, 2 February 2017 at 7.30 am CET.

2 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 at www.dnb.no/en/ir.
Please register your attendance in Oslo at [email protected].
The press conference will be held in English.

2 February at 1.30 pm CET: conference call for analysts and investors
To attend the conference call: dial (+47) 21 56 33 18 or from outside Norway: +44 (0) 20 3003 2666 or from the US: +1 646 843 4608. Password: DNB Q4.
The phonecast (listen only mode) and replay will be available at www.dnb.no/en/ir.

3 February at 12.45 noon GMT: lunch conference for analysts in London
Place: DNB Bank ASA London Branch, 8th Floor, The Walbrook Building, 25 Walbrook London EC4N8AF
Please register your attendance in London at [email protected].

Management will present the results followed by a Q&A session.

DNB will host the Group’s Capital Markets Day in London today.

DNB’s key financial ambitions for 2017-2019 are:
- The overriding target towards 2019 is to achieve a return on equity (ROE) above 12 per cent
- A cost/income ratio below 40 per cent
- A CET1 ratio of approx. 15.7 per cent, including a management buffer
- A dividend payout ratio for 2016 between 30 and 50 per cent. A dividend payout ratio above 50 per cent from 2017
- Loan-loss provisions are estimated to be up to NOK 18 billion over the 2016-2018 period

Other ambitions are covered in the attached presentation. The presentation is also available at www.dnb.no/ir.

The CMD presentation will be streamed live from 12:30 GMT / 13:30 CET.

For further information, please contact:

Investor contacts:
Rune Helland, head of Investor Relations, tel.: +47 977 13 250
Amra Koluder, SVP Investor Relations, tel.: +47 977 35 378

Media contact:
Thomas Midteide, group executive vice president, Corporate Communications, tel.: + 47 962 32 017

DNB is pleased to invite you to the Group’s Capital Markets Day.

Date: Wednesday 16 November 2016
Time: 12:30 pm – 3:30 pm GMT. Registration and lunch from 11:30 am – 12:30 pm GMT 
Location: Hotel Claridge's, Brook Street, Mayfair, London W1K 4HR, England

We will present the most important challenges and opportunities facing DNB in today’s rapidly changing business environment. Topics will include the Group’s operating environment, digitalisation, ROE, asset quality and capital.

Speakers at the CMD will be:
- Rune Bjerke, CEO
- Terje Turnes, CRO
- Berit Henriksen, head of Energy
- Kristin Holth, head of Shipping, Offshore and Logistics
- Bjørn Erik Næss, CFO
- Harald Serck-Hanssen, head of Large Corporates and International
- Trond Bentestuen, head of Personal Banking Norway

Registration
Please register your attendance with [email protected]
The closing date for registration is 11 November 2016.
The event will be webcasted. The CMD presentation will be published online at 11:00 am GMT on the day of the presentation.

We look forward to seeing you in London.

Best regards
Rune Bjerke
CEO, DNB

DNB has today decided to increase interest rates on home mortgages by up to 0.2 percentage points. “After a period of historically low mortgage rates, there are many indications that the bottom has been reached," said Trond Bentestuen, head of Personal Banking Norway in DNB.

“A number of factors affect the interest rates customers pay on their home mortgages, and our considerations reflect both the competitive situation and money market rates. Both these factors now indicate that the bottom might have been reached after a period of historically low interest rates on mortgages in Norway,” says Trond Bentestuen.

“We have recently noticed changes in the market, and some banks have already raised their floating mortgage rates. We will continue to offer competitive interest rates after this adjustment and we are experiencing a high level of activity in the housing market many places in the country. We see that customers request fast processing of loan applications as there is strong competition in the housing market in certain areas in Norway,” says Bentestuen.

For existing customers, the interest rate adjustments will become effective as of 9 January 2017. A letter will be sent to all customers whose interest rates will be adjusted, either by regular mail or in the Internet bank, by the end of next week, explaining how their mortgage will be affected.

The best indicative interest rate will be 2.05 per cent for first-time home buyers.

Press contacts:
Even Westerveld, EVP, Corporate Communications tel. no. (+47) 400 16 744
Thomas Midteide, group executive vice president, Corporate Communications, tel. no. (+47) 962 32 017