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DNB ASA (DNB.OL)

DNB.OL on Oslo Stock Exchange

166.75NOK
3:25pm BST
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Volume
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2,210,047
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kr169.00
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kr138.90

Latest Key Developments (Source: Significant Developments)

Fred Olsen Energy's majority owner Bonheur will evaluate any refinancing proposal
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Bonheur Asa ::BONHEUR ASA, OWNING 51.9 % OF SHARES OF FOE, WILL EVALUATE ANY PARTICIPATION IN A POTENTIAL REFINANCING OF FOE SUBJECT ALWAYS TO TERMS OF ANY REFINANCING PROPOSAL.  Full Article

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

Repeats to attach article to alerts, no changes in text: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

Sparebank 1 SMN says Sparebank 1 Gruppen and DNB sign letter of intent relating to insurance merger
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Sparebank 1 SMN ::REG-SPAREBANK 1 SMN : SPAREBANK 1 GRUPPEN AND DNB SIGN LETTER OF INTENT RELATING TO INSURANCE MERGER.NEW INSURANCE COMPANY WILL RESULT FROM MERGER OF SPAREBANK 1 FORSIKRING WITH DNB FORSIKRING AS.NEW COMPANY WILL REMAIN SUBSIDIARY OF SPAREBANK 1 GRUPPEN AS, WHICH WILL HAVE STAKE EQUIVALENT TO 60 PER CENT IN NEW COMPANY.LETTER OF INTENT SETS OUT A CONVERSION RATIO OF AROUND 80 PER CENT FOR SPAREBANK 1 GRUPPEN AND AROUND 20 PER CENT FOR DNB..AT TIME WHEN MERGER IS COMPLETED, NEW COMPANY WILL HAVE A MARKET SHARE IN RISK INSURANCE OF MORE THAN 15 PER CENT.  Full Article

Norway FSA recommends approval of merger between Vipps, BankAxept And BankID
Monday, 4 Jun 2018 

June 4 (Reuters) - THE NORWEGIAN FINANCIAL SUPERVISORY AUTHORITY (FSA)::THE NORWAY FINANCIAL SUPERVISORY AUTHORITY (FSA) SAYS IT RECOMMENDS THE FINANCE MINISTRY TO APPROVE THE MERGER OF PAYMENT SERVICES VIPPS, BANKAXEPT AND BANKID.  Full Article

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

NORWEGIAN STOCKS-Golden Ocean and Elkem rise on Q2 earning

OSLO, Aug 17 (Reuters) - * Norwegian shares traded up on Friday * Oslo's benchmark index rose 0.51 pct, or 4.49 points, to 892.46 points and was up by 9.03 pct year-to-date * The broader Oslo All Share Index was up 0.68 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, rose $0.24 to $71.67 a barrel * Among the biggest firms on the Oslo Bourse, Equinor rose 1.66 pct, Telenor rose 1.22 pct and DNB fell -0.06 pct * Turnover at the Oslo Bourse was 890 million Norwegian crowns a