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February 11, 2016 2:35 AM 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

Key Executives for DNB Bank ASA

Group Chief Executive Officer
Age: 55
President
Age: 69
Chief Financial Officer and Group Executive Vice President
Age: 61
Group Executive Vice President of IT & Operations
Age: 50
Group Executive Vice President of Markets
Age: 50
Compensation as of Fiscal Year 2015.

DNB Bank ASA Key Developments

DNB Bank ASA Reports Preliminary and Unaudited Group and Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Impairment Losses on Loans and Guarantees for the Fourth Quarter Ended December 31, 2015

DNB Bank ASA reported preliminary and unaudited group and company earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, on group basis, the company reported net interest income of NOK 9,150 million compared to NOK 8,730 million reported a year ago. Total income was NOK 13,139 million compared to NOK 11,292 million reported a year ago. Pre-tax operating profit was NOK 8,245 million compared to NOK 5,636 million reported a year ago. Profit for the period was NOK 6,422 million compared to NOK 4,423 million reported a year ago. Return on equity, annualized was 15.6% compared to 12.6% a year ago. For the year end, on group basis, the company reported net interest income of NOK 35,535 million compared to NOK 32,607 million reported a year ago. Total income was NOK 52,444 million compared to NOK 46,729 million reported a year ago. Pre-tax operating profit was NOK 31,028 million compared to NOK 25,306 million reported a year ago. Profit for the period was NOK 23,222 million compared to NOK 19,110 million reported a year ago. Return on equity, annualized was 15.1% compared to 14.5% a year ago. Net cash flow used in operating activities was NOK 40,387 million compared to NOK 142,368 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 1,853 million compared to NOK 2,133 million reported a year ago. For the quarter, on company basis, the company reported net interest income of NOK 6,205 million compared to NOK 5,921 million reported a year ago. Total income was NOK 14,129 million compared to NOK 10,396 million reported a year ago. Pre-tax operating profit was NOK 10,323 million compared to NOK 5,437 million reported a year ago. Profit for the period was NOK 10,467 million compared to NOK 5,956 million reported a year ago. For the year, on company basis, the company reported net interest income of NOK 24,215 million compared to NOK 21,859 million reported a year ago. Total income was NOK 41,509 million compared to NOK 40,558 million reported a year ago. Pre-tax operating profit was NOK 24,090 million compared to NOK 22,358 million reported a year ago. Profit for the period was NOK 20,638 million compared to NOK 18,458 million reported a year ago. Net cash flow from operating activities was NOK 25,723 million compared to NOK 102,423 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 1,866 million compared to NOK 1,978 million reported a year ago. For the quarter, on group basis, the company reported impairment losses on loans and guarantees of NOK 1,420 million.

DNB Bank ASA, Q4 2015 Earnings Call, Feb 04, 2016

DNB Bank ASA, Q4 2015 Earnings Call, Feb 04, 2016

DNB to Explore Strategic Alternatives for Part of its Credit Cards

DNB Bank ASA has decided to initiate a process to assess various strategic alternatives related to the bank's credit cards that are provided through external channels. DNB Bank will now explore all possibilities and seek to find the best long-term solution for both DNB and these operations. The assessment could result in the sale of all or parts of the operations, though it is also possible that the operations will be retained in DNB. DNB Markets serves as financial advisors.

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