February 27, 2015 2:38 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

10,854 Employees

Key Executives for DNB Bank ASA

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

DNB Bank ASA Key Developments

DNB Bank ASA Reports Preliminary and Unaudited Group and Company Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Losses on Loans and Guarantees for the Fourth Quarter and Year Ended December 31, 2014

DNB Bank ASA reported preliminary and unaudited group and company earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, on group basis, the company reported net interest income of NOK 8,730 million compared to NOK 7,969 million reported a year ago. Total income was NOK 11,292 million compared to NOK 11,417 million reported a year ago. Pre-tax operating profit was NOK 5,636 million compared to NOK 6,277 million reported a year ago. Profit for the period was NOK 4,423 million compared to NOK 5,073 million reported a year ago. Return on equity, annualized was 12.6% compared to 16.3% a year ago. For the year, on group basis, the company reported net interest income of NOK 32,607 million compared to NOK 30,379 million reported a year ago. Total income was NOK 46,729 million compared to NOK 43,535 million reported a year ago. Pre-tax operating profit was NOK 25,306 million compared to NOK 20,730 million reported a year ago. Profit for the period was NOK 19,110 million compared to NOK 15,692 million reported a year ago. Return on equity, annualized was 14.5% compared to 13.1% a year ago. Net cash flow used in operating activities was NOK 142,368 million compared to NOK 95,274 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 2,133 million compared to NOK 2,586 million reported a year ago. For the quarter, on company basis, the company reported net interest income of NOK 5,921 million compared to NOK 5,295 million reported a year ago. Total income was NOK 10,396 million compared to NOK 11,007 million reported a year ago. Pre-tax operating profit was NOK 5,437 million compared to NOK 5,140 million reported a year ago. Profit for the period was NOK 5,956 million compared to NOK 4,753 million reported a year ago. For the year, on company basis, the company reported net interest income of NOK 21,859 million compared to NOK 21,378 million reported a year ago. Total income was NOK 40,558 million compared to NOK 38,917 million reported a year ago. Pre-tax operating profit was NOK 22,358 million compared to NOK 18,399 million reported a year ago. Profit for the period was NOK 18,458 million compared to NOK 14,472 million reported a year ago. Net cash flow used in operating activities was NOK 102,423 million compared to NOK 49,076 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 1,978 million compared to NOK 1,984 million reported a year ago. For the quarter, on group basis, the company reported impairment losses on loans and guarantees totaled NOK 821 million for the quarter, up NOK 786 million from the fourth quarter of 2013. The increase mainly took place in the corporate customer segments. Moreover, the level of impairment in the fourth quarter of 2013 was positively affected by reversals on both individual and collective impairment losses.

DNB Bank ASA to Report Q4, 2014 Results on Feb 05, 2015

DNB Bank ASA announced that they will report Q4, 2014 results at 7:30 AM, Central European Standard Time on Feb 05, 2015

DNB Bank ASA, Q4 2014 Earnings Call, Feb 05, 2015

DNB Bank ASA, Q4 2014 Earnings Call, Feb 05, 2015

Similar Private Companies By Industry

Company Name Region
Fana Sparebank Europe
LillestrømBanken Europe
Gjensidige Bank ASA Europe
Acta Bank ASA Europe
KLP Banken AS Europe

Recent Private Companies Transactions

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

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DNB Bank ASA, please visit www.dnb.no. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.