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DNB ASA (DNB.OL)

DNB.OL on Oslo Stock Exchange

154.75NOK
23 May 2018
Change (% chg)

kr-1.65 (-1.05%)
Prev Close
kr156.40
Open
kr156.00
Day's High
kr156.00
Day's Low
kr154.60
Volume
1,882,837
Avg. Vol
2,278,395
52-wk High
kr164.30
52-wk Low
kr135.70

Latest Key Developments (Source: Significant Developments)

Norway's competition watchdog allows Vipps, Bankid, Bankaxept merger
Friday, 27 Apr 2018 

April 27 (Reuters) - The Norwegian Competition Authority says::TO ALLOW MERGER OF PAYMENT SERVICES VIPPS, BANKID, BANKAXEPT.THE MERGED COMPANY MUST PROVIDE ACCESS FOR ANY COMPETING PAYMENT SOLUTIONS TO BANKID AND BANKAXEPT.  Full Article

DNB's CFO sees 2018 loan losses below historical levels
Thursday, 26 Apr 2018 

April 26 (Reuters) - DNB ASA ::DNB'S CFO: LOSSES WILL FLUCTUATE FROM QUARTER TO QUARTER, BUT GIVEN THE MACRO OUTLOOK, WE EXPECT 2018 LOSSES TO BE LESS THAN THE HISTORICALLY NORMALISED LEVEL OF 17 BASIS POINTS.DNB'S CFO: OUR CAPITAL POSITION ALLOW US TO PURSUE GROWTH OPPORTUNITIES.... AND DELIVER ON OUR DIVIDEND POLICY.  Full Article

DNB Q1 net profit beats forecast as loan losses reversed
Thursday, 26 Apr 2018 

April 26 (Reuters) - DNB ASA ::RIPPLE EFFECTS STRENGTHEN DNB'S PERFORMANCE.DNB Q1 NET PROFIT NOK 5,653 MILLION (REUTERS POLL NOK 5.1 BILLION).DNB Q1 PRETAX PROFIT BEFORE IMPAIRMENTS NOK 6.7 BILLION (REUTERS POLL NOK 7.23 BILLION).DNB Q1 LOAN LOSS REVERSALS NOK 330 MILLION (REUTERS POLL LOSS NOK -604 MILLION).Q1 RETURN ON EQUITY WAS 11.0 PER CENT (9.1).Q1 COST/INCOME RATIO WAS 43.4 PER CENT (45.6).THE GROUP’S OVERRIDING FINANCIAL TARGET IS A RETURN ON EQUITY ABOVE 12 PER CENT TOWARDS THE END OF 2019.SAYS DNB’S DIVIDEND POLICY REMAINS UNCHANGED.DNB Q1 NET INTEREST INCOME NOK 9.0 BILLION (REUTERS POLL NOK 8.74 BILLION).SAYS THE GENERAL MEETING HAS GIVEN THE BOARD OF DIRECTORS AN AUTHORISATION TO REPURCHASE UP TO 3.5 PER CENT OF THE COMPANY'S SHARE CAPITAL AS WELL AS AN AUTHORISATION TO DNB MARKETS OF 0.5 PER CENT FOR HEDGING PURPOSES.OPTIMISM IS BACK IN OIL SECTOR, AND LOSSES HAVE BEEN STRONGLY REDUCED. CONSEQUENTLY, LARGE CORPORATES AND INTERNATIONAL SHOWS HIGHEST INCREASE IN PROFITS AMONG OUR BUSINESS AREAS.DNB KEEPS VIEW LENDING VOLUMES IS ANTICIPATED TO INCREASE 3 TO 4 PER CENT IN 2018 AND 2019.SOME OF IMPAIRMENT LOSSES RECORDED PREVIOUSLY WERE REVERSED. THESE STEMMED PRIMARILY FROM OIL-RELATED OPERATIONS, WHERE A NUMBER OF COMPANIES HAVE BEEN THROUGH SUCCESSFUL RESTRUCTURINGS.SAYS WILL NO LONGER PROVIDE A GUIDING ON LOAN LOSSES.  Full Article

DNB elects Olaug Svarva as its new chairman
Tuesday, 24 Apr 2018 

April 24 (Reuters) - DNB ASA ::OLAUG SVARVA WAS ELECTED AS NEW CHAIR OF BOARD IN DNB ASA, WITH A TERM OF OFFICE OF UP TWO YEARS.TORE OLAF RIMMEREID WAS RE-ELECTED AS VICE CHAIR OF BOARD, AND JAAN IVAR SEMLITSCH AND BERIT SVENDSEN WERE RE-ELECTED AS BOARD MEMBERS, ALL WITH A TERM OF OFFICE OF UP TO TWO YEARS.  Full Article

DNB's mortgage lending could grow another 5 pct in 2018 -CEO
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - DNB Chief Executive Rune Bjerke told Reuters on the sidelines of a business conference on Tuesday::DNB'S 2018 GROWTH IN MORTGAGE LENDING SHOULD MATCH, OR ALMOST MATCH, THE 5 PERCENT GUIDED FOR 2017 .DNB'S MORTGAGE PORTFOLIO IS ROCK SOLID.DNB'S ACCUMULATED 2016-2018 LENDING LOSSES WILL BE "WELL BELOW" THE BANK'S GUIDING OF "UP TO" NOK 18 BILLION.  Full Article

DNB ASA announces buyback of 225,000 shares at Nok 150.12 per share​
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - DNB ASA ::SAYS ‍DNB ASA HAS ON 5 DECEMBER 2017 PURCHASED 225,000 OWN SHARES AT AN AVERAGE PRICE OF NOK 150.1202 PER SHARE​.  Full Article

DNB says no fear of loan losses from Norway's housing market
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - DNB ASA Chief Executive Rune Bjerke::Says DNB has no fear of loan losses from Norway's housing market.  Full Article

Norwegian banks to combine payment units Vipps, BankAxept, BankID -Eika
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Banking group Eika said in a statement on Friday::Norwegian banks agree to combine payment units Vipps, BankAxept and BankID Norge to improve product offering and prepare for competition against global tech firms.A news conference will be held at 0900 GMT (1000 CET).  Full Article

DNB ASA says ‍purchased 910,000 own shares at an average price of NOK 159.06 per share​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - DNB ASA -:‍Purchased 910,000 own shares at an average price of NOK 159.06 per share​.  Full Article

DNB Q3 pretax result before losses in line with forecast, keeps 2017-2019 guidance
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Dnb Asa :q3 pretax profit before impairments nok ‍7.4​ billion (reuters poll nok 7.39 billion).q3 net profit nok ‍5,648​ million (reuters poll nok 4.67 billion).following the establishment of vipps as as a separate company, dnb recorded a gain which gave a nok 754 million rise in profits in the third quarter of 2017.Maintains 2017-2019 financial guidance.‍return on equity was 11.2 per cent (8.5)​.‍cost/income ratio was 42.7 per cent (40.6)​.‍common equity tier 1 capital ratio (transitional rules) was 16.3 per cent (15.7)​.lending volumes are expected to increase by around 2 per cent in 2017‍​.aims to increase commission and fee income by approximately 3 per cent per year.q3 net interest income nok 9.01‍​ billion (reuters poll nok 9.05 billion).q3 loan losses nok 867‍​ million (reuters poll loss nok 1.07 billion).q3 pretax operating profit nok 7.29‍​ billion (reuters poll nok 6.31 billion).the group aspires to have a dividend payout ratio of more than 50 per cent from 2017 and to increase the nominal dividend per share each year.‍dnb's profit performance has improved in all customer segments, ranging from private individuals to largest companies​.Dnb asa: dnb may decide to initiate further buy-backs, up to the approved limit of 1.5 per cent, and will use buy-backs as a tool to pay out excess capital.Dnb asa: the tax rate is expected to be 23 per cent in the period from 2017 to 2019.  Full Article

NORWEGIAN STOCKS-Weak oil weighs on Oslo, salmon shares also turn down

OSLO, May 25 (Reuters) - * Norwegian shares traded down on Friday * Oslo's benchmark index fell -0.83 pct, or -7.28 points, to 866.01 points and was up by 7.22 pct year-to-date * The broader Oslo All Share Index was down 0.94 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $-1.99 to $76.81 a barrel * OPEC and Russia considering to raise oil production by 1 mln barrels per day, sources told Reuters * Among the biggest firms on the Oslo Bourse, Equinor fell 1.7 pct, Te