Looking for a specific product?

Make a search for products & suppliers, articles & news.

Competitive return on equity in a period with extensive capital build-up

(London, 21 Nov. 2013) DNB has set itself ambitious, but realistic financial targets towards 2016. At the Capital Markets Day in London today, DNB is presenting its plan for how the bank can reach its target of a return on equity above 12 per cent while adapting to the regulatory requirements.

“Due to the new banking reality and regulatory environment, every manager and employee in DNB is working to optimise our use of capital and increase our profitability. We raise our expected common equity Tier 1 capital ratio from 12–12.5 per cent to 13.5–14 per cent due to signals we have received from the Norwegian regulatory authorities. DNB is on track to meet these new capital requirements, and is already among the best capitalised banks globally. Although there is still some regulatory uncertainty, we have several measures to ensure organic capital growth,” says Rune Bjerke, CEO of the DNB Group.

At the Capital Markets Day in London today, DNB’s CEO can report to the market that the bank is on track to meet previously announced cost initiatives and sees even further potential for cost savings. He states that DNB is among the most cost-efficient banks in the Nordic region, and aims to maintain this position. DNB is also raising the bar when it comes to increasing sales of capital-light products. According to the CEO, DNB has an untapped potential in covering a broader range of customer needs across the different customer segments, from debt capital market activity in the large corporate segment to non-life insurance in the retail market.

During the capital build-up phase till 2016, DNB will do its utmost to keep a dividend payout ratio above 25 per cent, while maintaining its long-term policy of 50 per cent payout.

 “In a rapidly changing banking reality, it is all about flexibility and adaptability. DNB is well positioned to meet customer demands and comply with regulatory requirements in a time when the rate of change is extremely high,” says Rune Bjerke.

For more information:
Per Sagbakken, Head of Investor Relations, mobile +47 90 66 11 59
Thomas Midteide, Group EVP Corporate Communications, mobile +47 962 32 017

See the presentation from the CMD on webcast here from 9.00 am GMT.

The presentations from the event are attached or available on www.dnb.no/ir

Associated companies:


Related news

Latest news

Trainee weekend in Hafjell and Bremanger daily life

First joint kick of seminar

Pentair and Stahl Tranberg had their first customer event presenting both companies heat tracing solutions for customers.

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...

Gulf Notified Body meeting in Manama Bahrain

At the end of January, the GSO (Gulf Standards Organization) arranged the first meeting with the present group of 23 Notified Bodies. These Notified Bodies are authorised by GSO to certify the electrical products as curren...

SMART SYSTEM USES POST OFFICE VEHICLES TO ANALYZE ROADS.

During the spring thaw period in Sweden, many small roads are closed to traffic despite the fact that they are fit for use. The BiFi research project has analysed the roads’ bearing capacity in real time using Internet-con...

Children with poor vitamin B12 status early in life struggle more with tasks, recognition and interpreting feelings

Small children with low levels of vitamin B12 had more difficulties solving cognitive tests, such as the ability to do puzzles, recognize letters and interpret other children’s feelings.

BP Awards Schlumberger Contract for Mad Dog 2 Project

Export Conference 2017: A changing world

Register for this year’s most important conference for Norwegian exporters. We can promise you an interesting and inspirational day!

Meet Elkem Silicon Materials at the Ceramics Expo 2017

Elkem Silicon Metrials invites to meet their team at the Ceramics Expo 2017. This is North America’s largest, free-to-attend exhibition for Ceramic manufacturing and applications.