October 21, 2017 12:31 PM ET

Banks

Company Overview of DNB Bank ASA

Company Overview

DNB Bank ASA provides financial services for retail and corporate customers. The company’s personal banking products and services include savings and investment products; loans, such as home mortgages, and car and consumer loans; car, boat, motor vehicle, household contents, home, holiday home, travel, life, and other insurance products; pensions; foreign exchange; and Internet banking, mobile, and real estate broking services, as well as cards. Its business banking products and services comprise financing, such as installment loans, overdraft facility, bank guarantees, leasing, factoring, and trade and export financing services; savings and investment products consisting of savings accounts...

Dronning Eufemias gate 30

Bjørvika

Oslo,  0191

Norway

Founded in 1822

10,101 Employees

Key Executives for DNB Bank ASA

Group Chief Executive Officer
Age: 57
Chief Financial Officer and Group Executive Vice President Group Finance
Age: 47
Group Executive Vice President of IT & Operations
Age: 52
Group Executive Vice President of Markets
Age: 52
Group Executive Vice President of Wealth Management
Age: 61
Compensation as of Fiscal Year 2017.

DNB Bank ASA Key Developments

DNB Bank ASA Reports Unaudited Group and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Impairment of Loans and Guarantees for the Second Quarter of 2017

DNB Bank ASA reported unaudited group and company earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total interest income of NOK 9,303 million compared to NOK 8,503 million a year ago. Net interest income was NOK 6,214 million compared to NOK 5,846 million a year ago. Total income was NOK 9,745 million compared to NOK 10,498 million a year ago. Pre-tax operating profit was NOK 4,729 million compared to NOK 4,496 million a year ago. Profit for the quarter was NOK 3,641 million compared to NOK 3,536 million a year ago. Portion attributable to shareholders of the company was NOK 3,404 million compared to NOK 3,422 million a year ago. For the six months period, the company reported total interest income of NOK 18,473 million compared to NOK 17,321 million a year ago. Net interest income was NOK 12,189 million compared to NOK 11,818 million a year ago. Total income was NOK 19,043 million compared to NOK 19,981 million a year ago. Pre-tax operating profit was NOK 9,557 million compared to NOK 8,944 million a year ago. Profit for the period was NOK 7,359 million compared to NOK 6,922 million a year ago. Portion attributable to shareholders of the company was NOK 6,881 million compared to NOK 6,693 million a year ago. Net cash flow from operating activities was NOK 100,119 million compared to NOK 124,231 million a year ago. Net payments on the acquisition of fixed assets were NOK 1,289 million compared to NOK 763 million a year ago. For the quarter, the group reported total interest income of NOK 13,837 million compared to NOK 12,973 million a year ago. Net interest income was NOK 9,146 million compared to NOK 8,623 million a year ago. Total income was NOK 12,179 million compared to NOK 12,833 million a year ago. Pre-tax operating profit was NOK 6,124 million compared to NOK 5,311 million a year ago. Profit for the quarter was NOK 4,702 million compared to NOK 4,221 million a year ago. Portion attributable to shareholders of the company was NOK 4,464 million compared to NOK 4,106 million a year ago. For the six months period, the group reported total interest income of NOK 27,196 million compared to NOK 26,370 million a year ago. Net interest income was NOK 17,787 million compared to NOK 17,426 million a year ago. Total income was NOK 23,526 million compared to NOK 25,906 million a year ago. Pre-tax operating profit was NOK 11,668 million compared to NOK 11,719 million a year ago. Profit for the period was NOK 8,954 million compared to NOK 9,118 million a year ago. Portion attributable to shareholders of the company was NOK 8,476 million compared to NOK 8,888 million a year ago. Net cash flow from operating activities was NOK 98,535 million compared to NOK 128,399 million a year ago. Net payments on the acquisition of fixed assets were NOK 1,338 million compared to NOK 792 million a year ago. For the quarter, the group reported impairment of loans and guarantees of NOK 597 million compared to NOK 2,321 million a year ago. For the quarter, the bank reported impairment of loans and guarantees of NOK 368 million compared to NOK 1,700 million a year ago.

DNB Bank ASA Presents at EnerCom Oil & Gas Conference, Aug-15-2017 11:20 AM

DNB Bank ASA Presents at EnerCom Oil & Gas Conference, Aug-15-2017 11:20 AM. Venue: Westin Denver Downtown, Denver, Colorado, United States. Speakers: Torbjorn Kjus.

DNB Bank ASA Presents at 30th annual Marine Money Week conference, Jun-20-2017 09:50 AM

DNB Bank ASA Presents at 30th annual Marine Money Week conference, Jun-20-2017 09:50 AM. Venue: The Pierre Hotel, New York, United States. Speakers: Kristin H. Holth, Global Head of Shipping, Offshore & Logistics.

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