{"success":true,"data":{"pressRelease":{"id":"87176","rtpr_id":"nWkr6DKJNx","ticker":"DNB","exchange":"Oslo Børs","all_tickers":["DNB"],"title":"Solid results driven by lending growth and high customer activity","author":"Cision","published_at":"2026-07-14T05:30:15.106Z","article_body":"DNB Bank ASA\nDNB recorded profits after tax of NOK 9.8 billion in the second quarter of\n2026. \n“The level of activity in the Norwegian economy is high and continues to be\nrobust in the face of uncertainty in the global economy. Norwegian businesses\nand households are showing an impressive ability to adapt. As a bank, we\ncontribute by providing good advice to thousands of customers every day. We\nfind that customers appreciate having a solid, Norwegian bank to support\nthem,” says CEO Kjerstin R. Braathen.\nThe result for the quarter is a decrease of NOK 621 million, or 6 per cent,\ncompared with the corresponding period last year.\n \n\nLending growth in all segments\nTotal lending growth was 1.4 per cent in the quarter, and the lending volume\nwas 4.3 per cent higher than at the end of the second quarter last year. The\ngrowth was seen across customer segments, industries and geographical\nlocations.\nProfit performance in the corporate customer market was particularly good in\nthe second quarter, driven by low losses and strong commission income and\nmarket activity. Lending growth among small and medium-sized enterprises in\nNorway was a solid 2.0 per cent for the quarter. Loans to large corporates and\ninternational customers increased by 3.0 per cent compared with the previous\nquarter and by 8.7 per cent compared with the corresponding quarter of last\nyear. \nAlthough the interest rate path envisaged by the Norwegian central bank,\nNorges Bank, indicates an increase in the key policy rate, the number of\napplications for pre-qualification letters in the personal customer market in\nthe quarter was on a par with the second quarter of last year. Default rates\nremained at a low level, while the number of loans with interest-only periods\nwas reduced by 8 per cent compared with the corresponding quarter of last\nyear.\n \n\nRecord-high net flow and assets under management\nThe strong development also continued in asset management, with income growth\nof 13.4 per cent compared with the corresponding quarter of last year,\nsupported by a high influx of customers and increased savings activity.\nNet flow reached a record high of NOK 46 billion in the quarter, while assets\nunder management reached a record level of NOK 1,782 billion at the end of the\nquarter. \n“Our customers are taking an increasingly active approach to their savings\nactivities. In particular, it is pleasing to see that more personal customers\nhave gained an interest in saving in mutual funds and shares. Our personal\ncustomers’ fixed monthly saving in mutual funds has now exceeded NOK 1\nbillion,” says Braathen. \n \n\nStrong growth in commission and fee income \nThe proportion of DNB’s income from customer activities other than loans and\ndeposits continued to increase during the quarter. Net commission and fee\nincome was up 4.6 per cent compared with the corresponding quarter of last\nyear and 10.6 per cent from the previous quarter.\nThe growth was mainly driven by high levels of activity in investment banking,\nwhere income increased by 18.7 per cent compared with the previous quarter.\nActivity was strong in both equity transactions and bond issues through DNB\nCarnegie. \n“Income from commissions and fees is increasing as a result of the strong\nactivity we have together with our customers. The result reflects the fact\nthat many companies want to use the advisory services of DNB and DNB Carnegie.\nWe continue to receive positive feedback from our customers on the overall\nvalue proposition we have created together with DNB Carnegie,” says\nBraathen.\nThe tax rate for the second quarter was 24.4 per cent and the expected tax\nrate for the whole of 2026 is therefore anticipated to increase from 22 per\ncent to 23 per cent.\n\nFinancial key figures for the second quarter of 2026 (figures for the\ncorresponding quarter in 2025 in parentheses): \nPre-tax operating profit before impairment amounted to NOK 13.3 billion \n(13.8) \nProfit was NOK 9.8 billion (10.4) \nEarnings per share were NOK 6.50 (6.79) \nReturn on equity was 14.6 per cent (15.4) \nCost/income ratio was 40.3 per cent (38.8) \nCommon equity Tier 1 (CET1) capital ratio was 17.4 per cent (18.3) \n\nFor further information: \nRune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97\n71 32 50\nLiselotte Lunde, Head of Communications, tel.: (+47) 95 94 92 35\n \n\nhttps://news.cision.com/dnb-bank-asa/r/solid-results-driven-by-lending-growth-and-high-customer-activity%2Cc4374255\n\nPresentation 2Q26\n(https://mb.cision.com/Public/1975/4374255/9fdca7324f89e2a1.pdf)\n\nQuarterly Report DNB Group 2Q26\n(https://mb.cision.com/Public/1975/4374255/b1e731496282fb41.pdf)\n\nFactbook 2Q26 (https://mb.cision.com/Public/1975/4374255/bce834d039c73f2f.pdf)\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr6DKJNx","title":"Solid results driven by lending growth and high customer activity","author":"Cision","ticker":"DNB","created":"2026-07-14T05:30:15.106Z","tickers":["DNB"],"exchange":"Oslo Børs","article_body":"DNB Bank ASA\nDNB recorded profits after tax of NOK 9.8 billion in the second quarter of\n2026. \n“The level of activity in the Norwegian economy is high and continues to be\nrobust in the face of uncertainty in the global economy. Norwegian businesses\nand households are showing an impressive ability to adapt. As a bank, we\ncontribute by providing good advice to thousands of customers every day. We\nfind that customers appreciate having a solid, Norwegian bank to support\nthem,” says CEO Kjerstin R. Braathen.\nThe result for the quarter is a decrease of NOK 621 million, or 6 per cent,\ncompared with the corresponding period last year.\n \n\nLending growth in all segments\nTotal lending growth was 1.4 per cent in the quarter, and the lending volume\nwas 4.3 per cent higher than at the end of the second quarter last year. The\ngrowth was seen across customer segments, industries and geographical\nlocations.\nProfit performance in the corporate customer market was particularly good in\nthe second quarter, driven by low losses and strong commission income and\nmarket activity. Lending growth among small and medium-sized enterprises in\nNorway was a solid 2.0 per cent for the quarter. Loans to large corporates and\ninternational customers increased by 3.0 per cent compared with the previous\nquarter and by 8.7 per cent compared with the corresponding quarter of last\nyear. \nAlthough the interest rate path envisaged by the Norwegian central bank,\nNorges Bank, indicates an increase in the key policy rate, the number of\napplications for pre-qualification letters in the personal customer market in\nthe quarter was on a par with the second quarter of last year. Default rates\nremained at a low level, while the number of loans with interest-only periods\nwas reduced by 8 per cent compared with the corresponding quarter of last\nyear.\n \n\nRecord-high net flow and assets under management\nThe strong development also continued in asset management, with income growth\nof 13.4 per cent compared with the corresponding quarter of last year,\nsupported by a high influx of customers and increased savings activity.\nNet flow reached a record high of NOK 46 billion in the quarter, while assets\nunder management reached a record level of NOK 1,782 billion at the end of the\nquarter. \n“Our customers are taking an increasingly active approach to their savings\nactivities. In particular, it is pleasing to see that more personal customers\nhave gained an interest in saving in mutual funds and shares. Our personal\ncustomers’ fixed monthly saving in mutual funds has now exceeded NOK 1\nbillion,” says Braathen. \n \n\nStrong growth in commission and fee income \nThe proportion of DNB’s income from customer activities other than loans and\ndeposits continued to increase during the quarter. Net commission and fee\nincome was up 4.6 per cent compared with the corresponding quarter of last\nyear and 10.6 per cent from the previous quarter.\nThe growth was mainly driven by high levels of activity in investment banking,\nwhere income increased by 18.7 per cent compared with the previous quarter.\nActivity was strong in both equity transactions and bond issues through DNB\nCarnegie. \n“Income from commissions and fees is increasing as a result of the strong\nactivity we have together with our customers. The result reflects the fact\nthat many companies want to use the advisory services of DNB and DNB Carnegie.\nWe continue to receive positive feedback from our customers on the overall\nvalue proposition we have created together with DNB Carnegie,” says\nBraathen.\nThe tax rate for the second quarter was 24.4 per cent and the expected tax\nrate for the whole of 2026 is therefore anticipated to increase from 22 per\ncent to 23 per cent.\n\nFinancial key figures for the second quarter of 2026 (figures for the\ncorresponding quarter in 2025 in parentheses): \nPre-tax operating profit before impairment amounted to NOK 13.3 billion \n(13.8) \nProfit was NOK 9.8 billion (10.4) \nEarnings per share were NOK 6.50 (6.79) \nReturn on equity was 14.6 per cent (15.4) \nCost/income ratio was 40.3 per cent (38.8) \nCommon equity Tier 1 (CET1) capital ratio was 17.4 per cent (18.3) \n\nFor further information: \nRune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97\n71 32 50\nLiselotte Lunde, Head of Communications, tel.: (+47) 95 94 92 35\n \n\nhttps://news.cision.com/dnb-bank-asa/r/solid-results-driven-by-lending-growth-and-high-customer-activity%2Cc4374255\n\nPresentation 2Q26\n(https://mb.cision.com/Public/1975/4374255/9fdca7324f89e2a1.pdf)\n\nQuarterly Report DNB Group 2Q26\n(https://mb.cision.com/Public/1975/4374255/b1e731496282fb41.pdf)\n\nFactbook 2Q26 (https://mb.cision.com/Public/1975/4374255/bce834d039c73f2f.pdf)\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-07-14T05:30:15.198652574Z","server_sent_at_ms":1784007015198},"received_at":"2026-07-14T05:30:15.249Z","source_url":"https://news.cision.com/dnb-bank-asa/r/solid-results-driven-by-lending-growth-and-high-customer-activity%2Cc4374255"},"analysis":{"id":"76229","press_release_id":"87176","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Profit after tax decreased 6% YoY","Cost/income ratio increased to 40.3% from 38.8%","CET1 capital ratio decreased to 17.4% from 18.3%"],"eventType":"earnings","narrative":"DNB reported Q2 profit after tax of NOK 9.8 billion, down 6% from the prior year, despite CEO Kjerstin R. Braathen noting high economic activity in Norway.\n\nThe bank achieved record net flows of NOK 46 billion in asset management, driving assets under management to NOK 1,782 billion, while total lending volume grew 4.3% year-over-year.\n\nNet commission and fee income rose 4.6% year-over-year, supported by an 18.7% quarter-over-quarter jump in investment banking income via DNB Carnegie.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"DNB profit dips 6% YoY, but record asset flows and lending growth highlight operational strength."},"keyFigures":{"eps":6.5,"customDimensions":{"aum":"NOK 1,782 billion","roe":"14.6%","net_flow":"NOK 46 billion","cet1_ratio":"17.4%","profit_after_tax":"NOK 9.8 billion","cost_income_ratio":"40.3%","lending_growth_yoy":"4.3%"}},"quotedText":"The level of activity in the Norwegian economy is high and continues to be robust in the face of uncertainty in the global economy.","namedEntities":{"people":[{"name":"Kjerstin R. Braathen","role":"CEO"},{"name":"Rune Helland","role":"Head of Investor Relations"},{"name":"Liselotte Lunde","role":"Head of Communications"}],"products":["mutual funds","shares"],"companies":[{"name":"DNB Bank ASA","ticker":"DNB"},{"name":"DNB Carnegie","relationship":"subsidiary"},{"name":"Norges Bank","relationship":"regulator"}],"dollarAmounts":[{"amount":"NOK 9.8 billion","context":"profits after tax in Q2 2026"},{"amount":"NOK 46 billion","context":"net flow in asset management"},{"amount":"NOK 1,782 billion","context":"assets under management"},{"amount":"NOK 1 billion","context":"personal customers' fixed monthly saving in mutual funds"}]},"materialImpact":{"score":3,"reasoning":"Profit after tax declined 6% YoY to NOK 9.8 billion, missing the prior year's performance, but the bank posted record net flows in asset management and solid lending growth across all segments."},"tickerRelevance":{"others":[],"primary":"DNB"},"globalImportance":30,"audienceRelevance":15,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"large-cap-norway","eventGravity":"quarterly-earnings","sectorWeight":"financials"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"neutral","material_impact_score":3,"narrative":"DNB reported Q2 profit after tax of NOK 9.8 billion, down 6% from the prior year, despite CEO Kjerstin R. Braathen noting high economic activity in Norway.\n\nThe bank achieved record net flows of NOK 46 billion in asset management, driving assets under management to NOK 1,782 billion, while total lending volume grew 4.3% year-over-year.\n\nNet commission and fee income rose 4.6% year-over-year, supported by an 18.7% quarter-over-quarter jump in investment banking income via DNB Carnegie.","key_figures":{"eps":6.5,"customDimensions":{"aum":"NOK 1,782 billion","roe":"14.6%","net_flow":"NOK 46 billion","cet1_ratio":"17.4%","profit_after_tax":"NOK 9.8 billion","cost_income_ratio":"40.3%","lending_growth_yoy":"4.3%"}},"named_entities":{"people":[{"name":"Kjerstin R. Braathen","role":"CEO"},{"name":"Rune Helland","role":"Head of Investor Relations"},{"name":"Liselotte Lunde","role":"Head of Communications"}],"products":["mutual funds","shares"],"companies":[{"name":"DNB Bank ASA","ticker":"DNB"},{"name":"DNB Carnegie","relationship":"subsidiary"},{"name":"Norges Bank","relationship":"regulator"}],"dollarAmounts":[{"amount":"NOK 9.8 billion","context":"profits after tax in Q2 2026"},{"amount":"NOK 46 billion","context":"net flow in asset management"},{"amount":"NOK 1,782 billion","context":"assets under management"},{"amount":"NOK 1 billion","context":"personal customers' fixed monthly saving in mutual funds"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-14T05:31:50.480Z","global_importance":30,"audience_relevance":15,"importance_components":{"tickerTier":"large-cap-norway","eventGravity":"quarterly-earnings","sectorWeight":"financials"}},"durationMs":null,"modelName":"glm-4.7"}}