July 25, 2016 5:12 PM ET

Banks

Company Overview of DNB Bank ASA

Company Overview

DNB Bank ASA provides banking services, and securities and investment services to retail and corporate customers in Norwegian and internationally. It offers savings and investment products; loans, such as home mortgages, car loans, and consumer loans; and investment loans, overdraft facilities, bank guarantees, leasing, factoring, and export financing services. The company also provides car, boat, motor vehicle, household contents, home, holiday home, travel, life, and other types of insurance products; and advisory services related to mergers and acquisitions, and equity and debt capital markets. In addition, it offers pension products, foreign exchange services, interest rates, commodities...

Dronning Eufemias gate 30

Bjørvika

Oslo,  0191

Norway

Founded in 1822

10,341 Employees

Key Executives for DNB Bank ASA

Group Chief Executive Officer and Director
Age: 56
President
Age: 70
Chief Financial Officer and Group Executive Vice President
Age: 62
Group Executive Vice President of IT & Operations
Age: 51
Group Executive Vice President of Markets
Age: 51
Compensation as of Fiscal Year 2016.

DNB Bank ASA Key Developments

DNB Bank ASA Announces Unaudited Group and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

DNB Bank ASA announced unaudited group and company earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total interest income of NOK 8,503 million against NOK 9,715 million a year ago. Net interest income was NOK 5,846 million against NOK 6,039 million a year ago. Pre-tax operating profit was NOK 4,496 million against NOK 4,136 million a year ago. Profit for the period was NOK 3,536 million against NOK 3,099 million a year ago. For the six months, the company reported total interest income of NOK 17,321 million against NOK 19,664 million a year ago. Net interest income was NOK 11,818 million against NOK 11,906 million a year ago. Pre-tax operating profit was NOK 8,944 million against NOK 8,858 million a year ago. Profit for the period was NOK 6,922 million against NOK 6,579 million a year ago. Net cash flow from operating activities was NOK 124,231 million against NOK 148,767 million a year ago. Net payments on the acquisition of fixed assets were NOK 763 million against NOK 708 million a year ago. For the quarter, the group reported net interest income of NOK 8,623 million compared to NOK 8,755 million reported a year ago. Total interest income was NOK 12,973 million compared to NOK 14,473 million reported a year ago. Pre-tax operating profit was NOK 5,311 million compared to NOK 6,249 million reported a year ago. Profit was NOK 4,221 million compared to NOK 4,660 million reported a year ago. Return on equity, annualized was 10.0% compared to 12.4% a year ago. For the six months, the group reported net interest income of NOK 17,426 million compared to NOK 17,336 million reported a year ago. Total interest income was NOK 26,370 million compared to NOK 29,347 million reported a year ago. Pre-tax operating profit was NOK 11,719 million compared to NOK 14,620 million reported a year ago. Profit was NOK 9,118 million compared to NOK 10,816 million reported a year ago. Return on equity, annualized was 10.8% compared to 14.7% a year ago. Net cash flow from operating activities was NOK 128,399 million compared to NOK 129,699 million reported a year ago. Net payments on the acquisition of fixed assets were NOK 792 million compared to NOK 580 million reported a year ago.

DNB Bank ASA Presents at 29th Annual Marine Money Week, Jun-22-2016 11:35 AM

DNB Bank ASA Presents at 29th Annual Marine Money Week, Jun-22-2016 11:35 AM. Venue: New York, United States. Speakers: Kristin H. Holth, Global Head of Shipping, Offshore & Logistics.

DNB Bank ASA Presents at 18th Annual Norway Ship & Offshore Finance Forum, May-25-2016

DNB Bank ASA Presents at 18th Annual Norway Ship & Offshore Finance Forum, May-25-2016. Venue: Radisson Blu Plaza Hotel, Oslo, Norway. Presentation Date & Speakers: May-25-2016, Kristin H Holth, Global Head of Shipping, Offshore & Logistics, Thomas Nordahl, Senior Vice President.

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