Releases - DNB ASA

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Sound underlying operations in the first quarter

4/27/2012 1:30 AM EST
DNB recorded profits of NOK 1 760 million in the first quarter of 2012, down from NOK 2 851 million in the year-earlier period. The bank is experiencing brisk growth in both the personal and corporate markets.
The bank’s ordinary operations were strong and showed a positive trend compared with previous quarters. The decline in profits is mainly a consequence of significant changes in the market value of...

Strong profits in spite of financial turmoil

2/9/2012 1:30 AM EST
DNB recorded profits of NOK 4 089 million in the fourth quarter of 2011, compared with NOK 5 284 million in the fourth quarter of 2010. Profits for the full year 2011 were NOK 12 979 million, a reduction of NOK 1 083 million compared with 2010.
“This was another quarter affected by financial turmoil. However, there was a high level of activity in the bank, with a close to NOK 1.7 billion rise in income. We are...

Rise in income in DnB NOR and higher write-downs in Latvia

10/27/2011 1:30 AM EST
DnB NOR achieved a profit of NOK 2 493 million in the third quarter of 2011, compared with NOK 3 038 million in the third quarter of 2010. Total income rose by NOK 803 million from the year-earlier period.
 
"The Group’s financial performance in the third quarter reflects the turbulence in the financial markets, which had a particularly negative impact on profits in Vital. On the other hand, the turmoil has...

Financial calendar DnB NOR ASA 2012

10/7/2011 9:39 AM EST
Preliminary results 2011 and fourth quarter 2011:  9 February Annual General Meeting:  25 April Ex-dividend date:  26 April First quarter 2012:  27 April Second quarter 2012:  12 July Third quarter 2012:  25 October DnB NOR Bank ASA will present its results on the same dates. This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

Strong performance

7/12/2011 1:30 AM EST
DnB NOR achieved a profit of NOK 3 546 million in the second quarter of 2011, an increase of NOK 723 million from the second quarter of 2010.
"We are very pleased with these profit figures. This is our second best quarterly performance since the financial crisis, surpassed only by the particularly healthy profits recorded in the fourth quarter of 2010. Rising interest rate levels and low write-downs had a...

DnB NOR: Capital Markets Day

6/15/2011 2:00 AM EST
DnB NOR is arranging a Capital Markets Day in Oslo on 15 June 2011 at 9.00 am CET.
The presentations are enclosed and are available on dnbnor.no.

On the Capital Markets Day, an account will be given of the Group's current position and its future ambitions and opportunities. In addition, the Group's financial status and new target figures will be...
Left to right: Kendal Milne, head of Aberdeen, Trine Loe, head of London and Bente Fladmark, head of Nordic
 

DnB NOR first international energy bank with office in Aberdeen

5/25/2011 5:13 AM EST
Confirming that there is a good future left for the North Sea oil business, DnB NOR is to become the first international energy bank to establish an office in Aberdeen.
The announcement was made at a recent gathering of the Norwegian British Chamber of Commerce in Aberdeen by Trine Loe, the Head of DnB NOR's London office. Having taken up the role recently following successfully establishing DnB NOR's branch in...

Profits of NOK 2.85 billion and healthy trend in the business areas

5/6/2011 2:00 AM EST
DnB NOR recorded a profit of NOK 2 851 million in the first quarter of 2011, which is about the same as in the first quarter of 2010. There were sound underlying operations and a healthy profit trend in all business areas.
"The Group delivered a sound profit performance in the first quarter of the year, in spite of negative effects of changes in market values and non-recurring items. All of our business areas...

Profit target reached

2/10/2011 2:00 AM EST
DnB NOR achieved a profit of NOK 5 284 million in the fourth quarter of 2010, which is the highest quarterly profit figure in the history of the Group. The strong profits reflect hard work, higher income and low write-downs on loans.
Profits for the full year 2010 came to NOK 14 062 million. Pre-tax operating profits before write-downs rose from NOK 18 717 million in 2009 to NOK 21 081 million in 2010.

"We set...

Acquisition of all shares in DnB NORD

10/28/2010 2:00 AM EST
DnB NOR has concluded an agreement to acquire the German bank NORD/LB’s 49 per cent ownership interest in DnB NORD for a consideration of EUR 160 million in cash.
Since year-end 2005, DnB NOR ASA (DnB NOR) and Norddeutsche Landesbank Girozentrale (NORD/LB) have jointly owned Bank DnB NORD A/S (DnB NORD). On 2 August 2010, DnB NOR exercised its option to acquire NORD/LB’s 49 per cent ownership interest in DnB...

DNB ASA

DnB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing serv...

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