Strong Financial Performance
DNB delivered a solid third quarter result with a return on equity of 15.8% and earnings per share of NOK 6.98, an uptick of 2.8% from the last quarter.
Positive Economic Indicators
Norwegian GDP growth is expected at 1.8% this year. Unemployment remains low at around 2%, and real wages are expected to increase, supporting purchasing power and lending growth.
Robust Credit Portfolio
99.4% of the credit portfolio is in Stage 1 and 2, indicating a robust and well-diversified credit portfolio.
New Share Buyback Program
DNB launched a new share buyback program of 1% in addition to the one completed during the third quarter.
Growth in Assets Under Management
Underlying asset under management growth was NOK 54 billion in the quarter.