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DNB ASA (DNB.OL)

DNB.OL on Oslo Stock Exchange

153.85NOK
3:25pm GMT
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Latest Key Developments (Source: Significant Developments)

Blackstone in EUR 1 bln deal to buy 60 pct stake in Luminor from DNB, Nordea
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Dnb Asa ::DNB TO SELL SHARES IN LUMINOR.DNB AND NORDEA, WHICH DECIDED TO MERGE THEIR RESPECTIVE BALTIC OPERATIONS IN 2016, HAVE ENTERED INTO AN AGREEMENT WITH BLACKSTONE TO SELL PART OF THEIR SHARES IN MERGED BANK, LUMINOR.BUYER IS A CONSORTIUM LED BY PRIVATE EQUITY FUNDS MANAGED BY BLACKSTONE.AS PART OF TRANSACTION, CONSORTIUM WILL ACQUIRE A 60% MAJORITY STAKE IN BANK FROM ITS CURRENT OWNERS NORDEA BANK AB AND DNB BANK ASA FOR A CASH CONSIDERATION OF EUR 1 BILLION.AFTER TRANSACTION, DNB WILL OWN 20 PER CENT OF SHARES IN LUMINOR GROUP.WE WILL STAY ON AS A MINORITY OWNER IN LUMINOR BECAUSE WE BELIEVE COMPANY IS WELL POSITIONED TO CREATE VALUE FOR CUSTOMERS, EMPLOYEES AND SHAREHOLDERS.TRANSACTION AS SUCH WILL NOT HAVE ANY SIGNIFICANT IMPACT ON DNB GROUP'S OVERALL FINANCIAL RESULTS.  Full Article

Blackstone's Luminor deal could boost banking competition -Lithuania c.bank chief
Wednesday, 12 Sep 2018 

Sept 13 (Reuters) - Lithuanian central bank governor Vitas Vasiliauskas said in a statement::BLACKSTONE'S LUMINOR DEAL WOULD GIVE BALTIC BANKING MARKET A STRONG INVESTOR, COULD BOOST COMPETITION IN BANKING INDUSTRY.  Full Article

Bank DNB's Q2 earnings below expectations
Thursday, 12 Jul 2018 

July 12 (Reuters) - DNB ASA ::DNB Q2 NET PROFIT NOK 6.1 BILLION (REUTERS POLL NOK 6.2 BILLION).DNB Q2 PRETAX PROFIT BEFORE IMPAIRMENTS NOK 7.1 BILLION (REUTERS POLL NOK 8.3 BILLION).DNB Q2 NET INTEREST INCOME NOK 9,052 MILLION (REUTERS POLL NOK 9.1 BILLION).DNB TARGETS RETURN ON EQUITY ABOVE 12 PERCENT TOWARDS END-2019 (PREVIOUS VIEW ABOVE 12 PERCENT TOWARDS END-2019).DNB SAYS LENDING VOLUMES TO BE 3-4 PERCENT IN 2018 AND 2019 (PREVIOUS VIEW 3-4 PERCENT IN 2018 AND 2019).DNB SAYS DIVIDEND POLICY UNCHANGED (PREVIOUS VIEW PAYOUT RATIO OF MORE THAN 50 PERCENT AND INCREASE IN NOMINAL DIVIDEND PER SHARE EACH YEAR).DNB SAYS TARGET FOR COMMON EQUITY TIER 1 CAPITAL RATIO IS 16.1 PERCENT (PREVIOUS VIEW 16.1 PERCENT).DNB SAYS TAX RATE 20 PERCENT IN 2018 AND 2019 (PREVIOUS VIEW 20 PERCENT IN 2018 AND 2019).DNB SAYS AIM TO HAVE COST-INCOME RATIO OF BELOW 40 PERCENT TOWARDS 2019 (PREVIOUS VIEW BELOW 40 PERCENT TOWARDS 2019).  Full Article

Norway's DNB purchased 380,000 shares in initial buy-back
Wednesday, 6 Jun 2018 

June 6 (Reuters) - DNB ASA ::SHARE BUY-BACK TRANSACTIONS ON 6 JUNE 2018.PURCHASED 380,000 OWN SHARES AT AN AVERAGE PRICE OF NOK 150.5453 PER SHARE.REPURCHASE OF SHARES IS PART OF SHARE BUY-BACK PROGRAMME ANNOUNCED BY DNB ASA ON 6 JUNE.  Full Article

Nordic banks to explore common KYC joint venture
Thursday, 31 May 2018 

May 31 (Reuters) - Svenska Handelsbanken AB ::NORDIC BANKS TO EXPLORE COMMON KYC JOINT VENTURE.SAYS DNB BANK ASA, DANSKE BANK A/S, NORDEA BANK, SVENSKA HANDELSBANKEN AB AND SKANDINAVISKA ENSKILDA BANKEN HAVE DECIDED TO EXPLORE POSSIBLE ESTABLISHMENT OF A NORDIC KNOW YOUR CUSTOMER (KYC) INFRASTRUCTURE.THE BANKS INTEND TO SET UP A JOINT VENTURE, NORDIC KYC UTILITY, WITH A SINGULAR FOCUS ON DEVELOPING AN EFFICIENT, COMMON, SECURE AND COST-EFFECTIVE NORDIC KYC INFRASTRUCTURE.  Full Article

Nordic Semiconductor raises $103 million in share issue
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Nordic Semiconductor ASA ::PRIVATE PLACEMENT OF NOK 815 MILLION ($103.18 MILLION).PRIVATE PLACEMENT RECEIVED STRONG INTEREST FROM NORWEGIAN AND INTERNATIONAL HIGH QUALITY INVESTORS, AND WAS SUCCESSFULLY COMPLETED AT AN OFFER PRICE OF NOK 50.00.NORDIC SEMI: PROCEEDS WILL BE EMPLOYED TO SUPPORT REQUIREMENTS FOR HIGHER WORKING CAPITAL, SUPPLY CHAIN ENHANCEMENTS, RAMP TOWARDS NEW TIER 1 CUSTOMERS, AND CONTINUE INVESTMENTS TO EXPAND PRODUCT PORTFOLIO AND INTO GROWTH IN EXISTING AND FUTURE OPPORTUNITIES.RETAINED ABG SUNDAL COLLIER ASA AND DNB MARKETS, A PART OF DNB BANK ASA AS JOINT BOOKRUNNERS.  Full Article

DNB finalises share-buy back program
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Dnb Asa ::SHARE BUY-BACK PROGRAM FINALISED.‍A TOTAL OF 5.4 MILLION SHARES HAVE BEEN REPURCHASE IN OPEN MARKET​.‍2.7 MILLION SHARES HELD BY NORWEGIAN GOVERNMENT WILL BE REDEEMED, SO THAT ITS OWNERSHIP INTEREST IN DNB ASA OF 34.0 PER CENT WILL REMAIN UNAFFECTED​.‍WEIGHTED AVERAGE PURCHASE/REDEMPTION PRICE FOR 5.4 MILLION SHARES IS NOK 155.68​.  Full Article

DNB Purchased 445,000 Own Shares At An Average Price Of Nok 152.6639 Per Share
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Dnb Asa ::PURCHASED 445,000 OWN SHARES AT AN AVERAGE PRICE OF NOK 152.6639 PER SHARE.AFTER THIS, DNB ASA OWNS A TOTAL OF 13,615,102 OWN SHARES.  Full Article

DNB ASA Purchased 400,000 Own Shares At An Average Price Of Nok 154.2028 Per Share
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Dnb Asa ::PURCHASED 400,000 OWN SHARES AT AN AVERAGE PRICE OF NOK 154.2028 PER SHARE.AFTER THIS, DNB ASA OWNS A TOTAL OF 13,170,102 OWN SHARES.  Full Article

DNB Q4 net profit beats forecast
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Dnb Asa ::DNB Q4 NET PROFIT NOK ‍6,374​ MILLION (REUTERS POLL NOK 5.31 BILLION).DNB PROPOSES 2017 DIVIDEND NOK ‍7.10​ PER SHARE (REUTERS POLL NOK 6.75 PER SHARE).DNB Q4 PRETAX PROFIT BEFORE IMPAIRMENTS NOK ‍7.3​ BILLION (REUTERS POLL NOK 7.85 BILLION).DNB Q4 NET INTEREST INCOME NOK 8.86‍​ BILLION (REUTERS POLL NOK 8.82 BILLION).DNB Q4 PRETAX OPERATING PROFIT NOK 6.82‍​ BILLION (REUTERS POLL NOK 6.87 BILLION).DNB Q4 LOAN LOSSES NOK 402‍​ MILLION (REUTERS POLL NOK 981 MILLION).‍COMMON EQUITY TIER 1 CAPITAL RATIO (TRANSITIONAL RULES) WAS 16.4 PER CENT (16.0)​.‍Q4 COST/INCOME RATIO WAS 45.3 PER CENT (41.2)​.‍DNB'S LONG-TERM AMBITION IS TO DISTRIBUTE A MINIMUM OF 50 PER CENT OF PROFITS AS DIVIDENDS TO ITS SHAREHOLDERS​.FOR THE FULL YEAR 2018, IMPAIRMENT LOSSES ARE EXPECTED TO REPRESENT APPROXIMATELY 17 BASIS POINTS OF EXPOSURE AT DEFAULT, OR AROUND NOK 3 BILLION‍​.DNB’S AMBITION IS TO HAVE A COST/INCOME RATIO BELOW 40 PER CENT TOWARDS 2019.VOLUME-WEIGHTED SPREADS ARE EXPECTED TO BE STABLE, WHILE THE ANNUAL INCREASE IN LENDING VOLUMES IS ANTICIPATED TO BE 3 TO 4 PER CENT IN 2018 AND 2019.DURING THIS PERIOD, HIGHER GROWTH IN LENDING VOLUMES IS EXPECTED FOR PERSONAL CUSTOMERS AND SMALL AND MEDIUM-SIZED ENTERPRISES, WHILE THE GROUP WILL CONTINUE TO ACTIVELY REDUCE ITS LENDING VOLUMES TO LARGE CORPORATES AND INTERNATIONAL CUSTOMERS IN CYCLICAL INDUSTRIES.  Full Article

Norway's S/A housing prices unchanged in Oct vs Sept

OSLO, Nov 5 Norwegian seasonally adjusted housing prices were unchanged in October from September, a real estate industry association said in a monthly report on Monday.