Dnb Bank Asa · OSL:DNB

Dnb Bank Asa — Q2 2025 Earnings Presentation

19 slides from Dnb Bank Asa's earnings presentation, Jul 11, 2025

  1. Slide 1: Results DNB Group Second quarter 2025

    Results DNB Group Second quarter 2025 Kjerstin R. Braathen (CEO) Ida Lerner (CFO) Q2 11 July 2025

  2. Slide 2: Relentless focus on delivering customer value: Key highlights from Q2

    Relentless focus on delivering customer value: Key highlights from Q2 Establishing local satellite Strong start for DNB Carnegie – branches close to customers, #1 YTD in Nordic M&A & ECM1 accelerating local growth Customer chatbot ranked best Digital Investment Advisor now live in AI chatbot in Norw

  3. Slide 3: Strong performance and high activity level during the quarter

    Strong performance and high activity level during the quarter Return on equity (ROE) of 15.4 per cent in the quarter Strong performance Solid result with high and increasing activity across customer segments and NOK billion, per cent product areas. 17.5 17.3 80.0 20.0 70.0 15.9 18.0 54.9 55.3 Net in

  4. Slide 4: Solid outlook for a resilient Norwegian economy

    Solid outlook for a resilient Norwegian economy  Steady growth expected in mainland economy throughout forecast period  Inflation continuing to decline, and solid wage growth supporting household purchasing power and savings growth  DNB Carnegie expecting two additional rate cuts in 2025 – in Sep

  5. Slide 5: High level of activity across all customer segments

    High level of activity across all customer segments  Solid volume growth for Personal customers and strong interest in moving mortgages to DNB. Net other income up 29.9 per cent from 2Q24  Profitable loan and deposit growth for Corporate customers Norway, with return on allocated capital of 21.9 p

  6. Slide 6: Strong and diversified product offering

    Strong and diversified product offering  Acquisition of Carnegie contributing to already strong, broad-based product offering across investment banking services and wealth management  Strong activity within Equities, FICC1 and bonds, and solid net inflow of NOK 10.2 billion in asset under manageme

  7. Slide 7: Continued profitable loan growth in all customer segments

    Continued profitable loan growth in all customer segments  Currency-adjusted loan growth of 1.7 per cent in the quarter (unadjusted 1.7 per cent) ‒ up 0.8 per cent in Personal customers (PC), 1.8 in Corporate customer Norway (CCN) and 3.3 in Large corporates and international customers (LCIC)  Cur

  8. Slide 8: Stable customer spreads

    Stable customer spreads Net interest margin1 Spreads in customer segments Per cent Per cent 1.90 1.89 1.90 1.94 1.90 1.81 1.87 1.87 1.85 1.67 1.72 1.62 1.62 1.65 1.66 1.40 1.50 1.51 1.42 1.43 1.40 1.39 1.39 1.37 1.36 1.35 1.38 1.34 1.28 1.31 1.18 1.04 2 1.07 1.03 0.90 0.95 2Q23 3Q23 4Q23 1Q24 2Q24 3

  9. Slide 9: Net interest income down 1.6 per cent from 1Q25

    Net interest income down 1.6 per cent from 1Q25 Net interest income NOK million 16 410 130 (104) (4) (63) 16 152 (50) (66) (102) 1Q25 Spreads1 Volumes1 Long-term Interest Interest on Amortisation Other 2Q25 funding days equity effects and fees 1 Change in spreads and volumes adjusted for mix effects

  10. Slide 10: Commissions and fees – step change following Carnegie acquisition

    Commissions and fees – step change following Carnegie acquisition Commissions and fees NOK million / Change in per cent from 2Q24 4 370 Real estate broking +4% Result reflecting higher market activity. 357 3 439 3 500 Investment banking services +51% Strong quarter for equities, securities financing

  11. Slide 11: Expenses impacted by full integration of Carnegie and seasonally high activity

    Expenses impacted by full integration of Carnegie and seasonally high activity Operating expenses NOK million 86 28 8 725 130 90 212 272 7 907 1Q25 Fixed salaries Pension 1 Variable Non-recurring Depreciation Fees, IT 2Q25 and other personnel expenses salaries costs related to expenses and other exp

  12. Slide 12: Robust and well-diversified portfolio – 99.3 per cent in stages 1 and 2

    Robust and well-diversified portfolio – 99.3 per cent in stages 1 and 2  Personal customer portfolio: ~50 per cent of total exposure – continued strong credit quality  Corporate customer portfolios: stage 3 impairment provisions relating to customer-specific events Impairment of financial instrume

  13. Slide 13: Continued strong capital position

    Continued strong capital position  CET1 capital ratio of 18.3 per cent – 180 basis point (bps) headroom to Financial Supervisory Authority’s (FSA’s) current expectation  Solid profit generation increased CET1 capital ratio by 35 bps, offset by announced share buy-back programme of 1.0 per cent (~4

  14. Slide 14: Appendix

    Appendix

  15. Slide 15: Income statement

    Income statement Change Change NOK million 2Q25 1Q25 2Q24 from 1Q25 from 2Q24 Net interest income 16 152 16 410 15 817 (258) 335 Other operating income 6 339 5 503 5 756 836 583 Total income 22 491 21 913 21 572 578 918 Operating expenses (8 725) (7 907) (7 505) (818) (1 220) Pre-tax operating profi

  16. Slide 16: Other operating income

    Other operating income Change Change NOK million 2Q25 1Q25 2Q24 from 1Q25 from 2Q24 Net commissions and fees 4 370 3 500 3 439 870 931 Customer revenues in DNB Carnegie 898 786 851 112 47 Trading revenues in DNB Carnegie 189 212 225 (23) (36) Hedging of defined-benefit pension scheme 118 (8) 39 126

  17. Slide 17: Disclaimer

    DISCLAIMER CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The statements contained in this presentation may include forward-looking statements, such as statements of future expectations. These statements are based on the management’s current views and assumptions and involve both known and unk

  18. Slide 18: Q&A

    Q&A

  19. Slide 19: Slide 19

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