November 24, 2014 7:41 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

10,854 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 Reports Unaudited Group and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

DNB Bank ASA reported unaudited group and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on group basis, the company reported net interest income of NOK 8,261 million compared to NOK 7,944 million reported a year ago. Total interest income was NOK 15,350 million compared to NOK 15,436 million reported a year ago. Pre-tax operating profit was NOK 7,070 million compared to NOK 5,777 million reported a year ago. Profit for the period was NOK 5,293 million compared to NOK 4,395 million reported a year ago. Return on equity, annualised was 15.8% against 14.6% a year ago. For the nine months, on group basis, the company reported net interest income of NOK 23,877 million compared to NOK 22,410 million reported a year ago. Total interest income was NOK 46,092 million compared to NOK 45,237 million reported a year ago. Pre-tax operating profit was NOK 19,670 million compared to NOK 14,454 million reported a year ago. Profit for the period was NOK 14,687 million compared to NOK 10,619 million reported a year ago. Net cash flow from operating activities was NOK 54,914 million compared to NOK 114,316 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 1,256 million compared to NOK 1,966 million reported a year ago. Return on equity, annualised was 15.1% against 12.0% a year ago. For the quarter, on parent basis the company reported net interest income of NOK 5,689 million compared to NOK 5,472 million reported a year ago. Total interest income was NOK 10,470 million compared to NOK 10,812 million reported a year ago. Pre-tax operating profit was NOK 5,700 million compared to NOK 5,249 million reported a year ago. Profit for the period was NOK 4,210 million compared to NOK 4,000 million reported a year ago. For the nine months, on parent basis the company reported net interest income of NOK 15,938 million compared to NOK 16,083 million reported a year ago. Total interest income was NOK 31,418 million compared to NOK 32,273 million reported a year ago. Pre-tax operating profit was NOK 16,921 million compared to NOK 13,259 million reported a year ago. Profit for the period was NOK 12,502 million compared to NOK 9,719 million reported a year ago. Net cash flow from operating activities was NOK 77,754 million compared to NOK 146,830 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 1,039 million compared to NOK 1,517 million reported a year ago.

DNB Bank ASA Presents at Marine Money Brazil Offshore Finance Forum, Oct-15-2014 12:30 PM

DNB Bank ASA Presents at Marine Money Brazil Offshore Finance Forum, Oct-15-2014 12:30 PM. Venue: Copacabana Palace Hotel, Av . Atlântica 1702, Copacabana, Rio de Janeiro, Brazil. Speakers: Barbara Grønquist, Senior Vice President & Head of Offshore Americas.

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.

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Date
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April 25, 2014
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