October 19, 2017 12:59 AM ET

Thrifts and Mortgage Finance

Company Overview of DNB Næringskreditt AS

Company Overview

DNB Næringskreditt AS engages in issuing covered bonds based on commercial mortgages in Norway. The company is based in Oslo, Norway. DNB Næringskreditt AS operates as a subsidiary of DNB Bank ASA.

Dronning Eufemias gate 30

Oslo,  0021

Norway

Phone:

47 91 50 30 00

Key Executives for DNB Næringskreditt AS

Chief Executive Officer
Compensation as of Fiscal Year 2017.

DNB Næringskreditt AS Key Developments

DNB Næringskreditt AS Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

DNB Næringskreditt AS reported unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total interest income of NOK 171 million compared to NOK 180 million reported a year ago. Net interest income was NOK 87 million compared to NOK 86 million reported a year ago. Total income was NOK 83 million compared to NOK 81 million reported a year ago. Pre-tax operating profit was NOK 57 million compared to NOK 61 million reported a year ago. Profit for the period was NOK 43 million compared to NOK 46 million reported a year ago. Return on equity, annualized was 3.1% compared to 3.3% reported a year ago. For the six months, the company reported total interest income of NOK 350 million compared to NOK 363 million reported a year ago. Net interest income was NOK 177 million compared to NOK 177 million reported a year ago. Total income was NOK 164 million compared to NOK 173 million reported a year ago. Pre-tax operating profit was NOK 110 million compared to NOK 126 million reported a year ago. Profit for the period was NOK 82 million compared to NOK 94 million reported a year ago. Return on equity, annualized was 3.0% compared to 3.4% reported a year ago. Net cash flow relating to operating activities was NOK 2,095 million compared to NOK 4,056 million reported a year ago.

DNB Næringskreditt AS Reports Unaudited Preliminary Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

DNB Næringskreditt AS reported unaudited preliminary earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, net interest income was NOK 89 million against NOK 82 million last year. Pre-tax operating profit was NOK 65 million against NOK 79 million last year. Profit for the period was NOK 49 million against NOK 58 million last year. Return on equity, annualized was 3.5% against 4.1% last year. Total interest income was NOK 188 million against NOK 171 million last year. Total income was NOK 87 million against NOK 108 million last year. For the year, net interest income was NOK 351 million against NOK 329 million last year. Pre-tax operating profit was NOK 253 million against NOK 266 million last year. Profit for the period was NOK 190 million against NOK 195 million last year. Return on equity, annualized was 3.4% against 3.5% last year. Total interest income was NOK 733 million against NOK 727 million last year. Total income was NOK 338 million against NOK 374 million last year. Net cash flow relating to operating activities was NOK 7,470 million against NOK 9,694 million last year.

DNB Næringskreditt AS Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

DNB Næringskreditt AS announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's net interest income was NOK 86 million compared with NOK 81 million a year ago. Total income was NOK 78 million compared with NOK 98 million a year ago. Pre-tax operating profit was NOK 62 million compared with NOK 77 million a year ago. Profit for the period was NOK 47 million compared with NOK 56 million a year ago. Return on equity, annualized was 3.4% compared with 4.1% a year ago. For the nine months, the company's net interest income was NOK 262 million compared with NOK 247 million a year ago. Total income was NOK 251 million compared with NOK 266 million a year ago. Pre-tax operating profit was NOK 188 million compared with NOK 187 million a year ago. Profit for the period was NOK 141 million compared with NOK 136 million a year ago. Net cash flow relating to operating activities was NOK 5,341 million compared with NOK 4,287 million a year ago. Return on equity, annualized was 3.4% compared with 3.3% a year ago.

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