Strong Economic Outlook for Norway
The Norwegian economy continues to be robust with GDP growth expected at 1.3% this year and 1.5% next year. Unemployment remains low at around 2%.
Profitable Loan Growth
DNB experienced profitable loan growth in all customer segments, with a return on equity of 15.4%, well above the long-term ambition of 14%.
Core Equity Tier 1 Capital Ratio
DNB maintains a strong capital position with a core equity Tier 1 capital ratio of 18.3%, 180 basis points above the regulatory expectation.
Resilient Investment Banking Activity
Investment banking activity remained strong with positive momentum from mid-May onwards, driven by improved risk sentiment in capital markets.
Asset Management Growth
Substantial inflow of over NOK 10 billion in asset management, with no significant margin pressure. The defined contribution bucket surpassed NOK 200 billion.