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Dnb ASA (DNB.OL)

DNB.OL on Oslo Stock Exchange

0.00NOK
16 May 2019
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kr-155.95 (-100.00%)
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Latest Key Developments (Source: Significant Developments)

DNB Announces Acquisition Of Shares By Primary Insiders
Friday, 3 May 2019 

May 3 (Reuters) - Dnb ASA ::ACQUISITION OF SHARES BY PRIMARY INSIDERS.TOTAL OF 178,382 SHARES IN CO BOUGHT ON BEHALF OF SOME LEADING EMPLOYEES, RISK TAKERS;PURCHASE EXECUTED AT AVERAGE PRICE PER SHARE OF NOK 159.6.  Full Article

DNB Q1 net profit beats forecast, net interest income below
Friday, 3 May 2019 

May 3 (Reuters) - Dnb ASA ::DNB GROWTH ON SEVERAL FRONTS.DNB Q1 NET PROFIT NOK 7,582 MILLION (REUTERS POLL NOK 7.5 BILLION).NORWEGIAN ECONOMY HAS GOT OFF TO A FLYING START IN 2019.CURRENT MACRO TRENDS PROVIDE A TAILWIND FOR BOTH BUSINESSES AND PRIVATE INDIVIDUALS WHO ARE CUSTOMERS IN DNB.DNB Q1 NET INTEREST INCOME NOK 9,289 MILLION (REUTERS POLL NOK 9.5 BILLION).DNB Q1 PRETAX PROFIT BEFORE IMPAIRMENTS NOK 7.6 BILLION (REUTERS POLL NOK 7.7 BILLION).DNB Q1 PRETAX OPERATING PROFIT NOK 8,998 MILLION (REUTERS POLL NOK 9.1 BILLION).DNB: SALE OF PART OF DNB’S SHARES IN LUMINOR TO BLACKSTONE AND THE SECOND PHASE OF THE INVESTMENT IN FREMTIND WILL BE DELAYED AS A CONSEQUENCE OF PENDING REGULATORY APPROVAL PROCESSES, AND ARE NOW EXPECTED TO BE FINALISED IN THE SECOND HALF OF 2019.TAX RATE FOR THE FULL YEAR IS EXPECTED TO BE 18 PER CENT IN 2019 AND 20 PER CENT IN 2020.  Full Article

DNB flags negative one-offs in Q1
Monday, 8 Apr 2019 

April 8 (Reuters) - DNB ASA ::DNB GROUP: BASIS SWAP AND AT1 IMPACT IN Q1 2019.IN Q1 OF 2019, DNB GROUP WILL RECOGNISE A NEGATIVE EFFECT OF NOK 187 MILLION FROM BASIS SWAPS CONNECTED TO FUNDING.FURTHERMORE, A NEGATIVE EFFECT OF NOK 88 MILLION FROM ADDITIONAL TIER 1 CAPITAL WILL ALSO BE RECOGNISED..  Full Article

DNB seeks share buyback approval
Friday, 5 Apr 2019 

April 5 (Reuters) - DNB ASA ::ASKS GENERAL MEETING FOR AN AUTHORISATION TO REPURCHASE UP TO 3.5 PER CENT OF COMPANY'S SHARE CAPITAL, AS WELL AS AN AUTHORISATION TO DNB MARKETS OF 0.5 PER CENT FOR HEDGING PURPOSES.  Full Article

DNB says negative effect of basis swaps is NOK 342 mln in Q4
Friday, 4 Jan 2019 

Jan 4 (Reuters) - DNB ASA ::IN Q4 OF 2018, DNB GROUP WILL RECORD A NEGATIVE EFFECT OF BASIS SWAPS CONNECTED TO FUNDING OF NOK 342 MILLION.THESE SWAPS ARE HEDGING INSTRUMENTS, AND OVER LIFETIME OF DERIVATIVES MARK-TO-MARKET ADJUSTMENTS WILL HAVE ZERO EFFECT.  Full Article

Akastor says First Geo to merge with AGR
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Akastor ASA ::AKASTOR ASA: FIRST GEO AND AGR COMBINE TO CREATE LEADING PROVIDER OF WELL-, RESERVOIR- AND SOFTWARE SERVICES.MERGED COMPANY WILL BE NAMED AGR.MERGED COMPANY WILL ROLL OVER NOK 270 MILLION OF DEBT OF WHICH DNB, NORDEA AND AKASTOR WILL HOLD NOK 90 MILLION EACH.AKASTOR WILL HOLD 100% OF SHARES IN COMPANY AND 55% OF ECONOMIC INTEREST. AGR STAKEHOLDERS WILL OWN REMAINING 45% ECONOMIC INTEREST.ON A CONSOLIDATED BASIS, MERGED COMPANY WOULD HAVE TOTAL YEAR-TO-DATE REVENUES OF NOK 500 MILLION, EBITDA OF NOK 18 MILLION.MERGED COMPANY WILL BE LED BY SVEIN SOLLUND, CURRENT CEO OF AGR.CLOSING IS EXPECTED TO TAKE PLACE AT END OF 1Q 2019.AGR WILL BE CONSOLIDATED IN TO AKASTOR ASA'S FINANCIAL REPORTING POST-CLOSING.  Full Article

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

UPDATE 3-Norway clears way for Euronext to secure Oslo Bors in Nasdaq battle

* Nasdaq says to assess options (Adds comments from Euronext CEO and background)