DNB recorded profits of
Higher lending volumes boost interest income
Net interest income rose by
DNB’s common equity Tier 1 capital ratio was 12.1 per cent at
“DNB is now among the best capitalised banks in the world. This provides vital security for both customers, employees and shareholders. During the quarter, DNB was also classified as a systemically important bank by the Norwegian authorities, which emphasises the importance of being present for individuals, companies and local communities throughout
Narrower lending spread than in the previous quarter
Average lending spreads narrowed from 2.42 per cent in the first quarter of 2014 to 2.39 per cent in the second quarter, while deposit spreads improved somewhat, from -0.29 per cent to -0.27 per cent. Operating expenses were reduced by 7.6 per cent from the year-earlier period, mainly due to restructuring expenses in 2013, while the cost/income ratio was 43.8 per cent, well below the 45 per cent target.
“The increase in the bank’s lending volumes is a positive sign, especially with respect to small and medium-sized enterprises. This could mean that the economic downturn
Key figures for the second quarter of 2014
· Pre-tax operating profit before impairment was
Comparable figures for the second quarter of 2013 in parentheses.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Thomas Midteide, group executive vice president, Corporate Communications, tel.: + 47 962 32 017
The quarterly report, presentation and Fact Book can be downloaded from
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
http://mb.cision.com/Public/167/9614897/9247e4ca3773ae7a.pdf Quarterly report DNB 2Q14
http://mb.cision.com/Public/167/9614897/ab68f40fa182c6b0.pdf Fact Book 2Q14
http://mb.cision.com/Public/167/9614897/b61503e5abbb720b.pdf Presentasjonen 2Q14 engelsk
http://mb.cision.com/Public/167/9614897/a03f8d3709cab39c.ppt Slides 2Q14 Eng
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