September 02, 2014 3:38 PM ET

Banks

Company Overview of DNB Bank ASA

Company Overview

DNB Bank ASA provides various financial products and services to retail and corporate customers in Norway and internationally. It offers savings and investment products; loans, such as home mortgages, car loans, and consumer loans; and financing products, including installment loans, bank guarantees, overdrafts, and leasing. The company also provides car, boat, motor vehicle, household contents, home, holiday home, travel, life, and other types of insurance products. In addition, it offers merger and acquisition advisory services, including mergers and acquisitions, divestures and spin-offs, public tender offers, valuation and fairness opinions, restructurings and recapitalizations, defense,...

Dronning Eufemias gate 30

Bjørvika

Oslo,  0191

Norway

Founded in 1822

10,971 Employees

Key Executives for DNB Bank ASA

Group Chief Executive Officer
Age: 54
President
Age: 68
Chief Financial Officer and Group Executive Vice President
Age: 60
Group Executive Vice President of IT & Operations
Age: 49
Group Executive Vice President of Relations
Age: 62
Compensation as of Fiscal Year 2014.

DNB Bank ASA Key Developments

DNB Bank ASA Announces Unaudited Group and Company Earnings Results for the Second Quarter and Six Months of 2014

DNB Bank ASA announced unaudited group and company earnings results for the second quarter and six months of 2014. For the quarter, the company reported total interest income of NOK 10,596 million against NOK 10,745 million a year ago. Net interest income was NOK 5,258 million against NOK 5,460 million a year ago. Pre-tax operating profit was NOK 4,964 million against NOK 4,488 million a year ago. Profit for the period was NOK 3,668 million against NOK 3,204 million a year ago. For the six months, the company reported total interest income of NOK 20,948 million against NOK 21,461 million a year ago. Net interest income was NOK 10,249 million against NOK 10,611 million a year ago. Pre-tax operating profit was NOK 11,221 million against NOK 8,009 million a year ago. Profit for the period was NOK 8,292 million against NOK 5,719 million a year ago. Net cash flow from operating activities was NOK 31,872 million against NOK 222,185 million a year ago. Net payments on the acquisition of fixed assets were NOK 669 million against NOK 1,014 million a year ago. For the quarter, the group reported net interest income of NOK 7,893 million compared to NOK 7,538 million reported a year ago. Total interest income was NOK 15,486 million compared to NOK 15,107 million reported a year ago. Pre-tax operating profit was NOK 5,648 million compared to NOK 4,716 million reported a year ago. Profit was NOK 4,206 million compared to NOK 3,374 million reported a year ago. Return on equity, annualized was 13.1% compared to 11.5% a year ago. For the six months, the group reported net interest income of NOK 15,615 million compared to NOK 14,466 million reported a year ago. Total interest income was NOK 30,742 million compared to NOK 29,802 million reported a year ago. Pre-tax operating profit was NOK 12,600 million compared to NOK 8,677 million reported a year ago. Profit was NOK 9,394 million compared to NOK 6,224 million reported a year ago. Return on equity, annualized was 14.7% compared to 10.7% a year ago. Net cash flow from operating activities was NOK 7,730 million compared to NOK 205,853 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 964 million compared to NOK 1,281 million reported a year ago.

DNB Bank ASA Presents at Jefferies LLC - 27th Annual Marine Money Week, Jun-19-2014 03:20 PM

DNB Bank ASA Presents at Jefferies LLC - 27th Annual Marine Money Week, Jun-19-2014 03:20 PM. Venue: The Pierre Hotel, Fifth Avenue at 61st Street, New York City, New York, United States. Speakers: Kristin H. Holth, Global Head of Shipping, Offshore & Logistics.

DNB Bank ASA Announces Unaudited Parent and Group Earnings Results for the First Quarter Ended March 31, 2014

DNB Bank ASA announced unaudited parent and group earnings results for the first quarter ended March 31, 2014. On parent basis, for the quarter, the company reported total interest income NOK 10,352 million against NOK 10,716 million a year ago. Net interest income was NOK 4,991 million against NOK 5,151 million a year ago. Net other operating income was NOK 5,658 million against NOK 3,367 million a year ago. Pre-tax operating profit before impairment was NOK 6,494 million against NOK 4,168 million a year ago. Pre-tax operating profit was NOK 6,257 million against NOK 3,521 million a year ago. Profit for the period was NOK 4,624 million against NOK 2,514 million a year ago. Net cash flow from operating activities was NOK 189,286 million against NOK 145,433 million a year ago. Net payments on the acquisition of fixed assets were NOK 433 million against NOK 487 million a year ago. On group basis, for the quarter, the company reported total interest income NOK 15,256 million against NOK 14,695 million a year ago. Net interest income was NOK 7,722 million against NOK 6,928 million a year ago. Net other operating income was NOK 4,282 million against NOK 2,927 million a year ago. Pre-tax operating profit before impairment was NOK 7,032 million against NOK 4,694 million a year ago. Pre-tax operating profit was NOK 6,952 million against NOK 3,961 million a year ago. Profit for the period was NOK 5,188 million against NOK 2,850 million a year ago. Net cash flow from operating activities was NOK 178,666 million against NOK 129,464 million a year ago. Net payments on the acquisition of fixed assets were NOK 496 million against NOK 637 million a year ago. Return on equity, annualized was 16.4% against 9.9% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 25, 2014
JSC Commercial Bank DNB Bank
 

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