Dnb Bank Asa · OSL:DNB

Dnb Bank Asa — Goldman Sachs Financials Conference 2013

8 slides from Dnb Bank Asa's conference presentation, Jun 13, 2013

  1. Slide 1: DNB at Goldman Sachs Financials Conference

    DNB GROUP DNB at Goldman Sachs Financials Conference 13 June 2013 Bjørn Erik Næss, CFO

  2. Slide 2: Profit figures trend Q112 – Q113

    Profit figures trend Q112 – Q113 Pre-tax operating profit before Pre-tax operating profit before impairment impairment excl. basis swaps (NOK million) (NOK million) 6 735 5 707 5 635 5 658 5 878 5 311 5 473 5 287 5 054 3 202 1Q12 2Q12 3Q12 4Q12 1Q13 1Q12 2Q12 3Q12 4Q12 1Q13 Profit for the period Pro

  3. Slide 3: Net interest income impact 2013 and 2014 from announced re-pricing

    Net interest income impact 2013 and 2014 from announced re-pricing  Re-priced deposits and lending in Q1, economic effect from Q2  Lending impacting Q2/12 positive, overhang into 2H13 and 2014 Lending Impact date 2013 impact 2014 impact 28 Mar 2013 / SME’s / Mortgages ~NOK 1.1bn ~NOK 1.5bn 24 Apr

  4. Slide 4: Costs: Targets, initiative achieved and restructuring costs

    Costs: Targets, initiative achieved and restructuring costs  Cost targets from CMD (Sept 2012):  Cost/income ratio below 45% in 2015  Maximum 2% average annual growth in nominal costs incl. restructuring costs  Reduction of 10% of FTE towards 2015  What have we achieved so far?  Changed distri

  5. Slide 5: Impairments of loans – lower end of NOK3-4bn guidance for 13e

    Impairments of loans – lower end of NOK3-4bn guidance for 2013e Full year Amounts in NOK million 1Q13 4Q12 3Q12 2Q12 1Q12 2012 Individual impairment: Retail Banking - Private customer divisions 11 7 38 7 59 111 - SME divisions 76 317 96 80 160 653 - DNB Finans 95 78 68 123 90 358 Large Corporates an

  6. Slide 6: CET1-ratios: Future requirements proposed by the FSA

    CET1-ratios: Future requirements proposed by the FSA 1 Jul 13 1 Jul 14 1 Jul 15 1 Jul 2016 Sum of CET1 & buffers 9.0% 10.0% 11.0% 12.0% Countercyclical buffer 0 - 2.5% 0 - 2.5% 0 - 2.5% 0 - 2.5% Sum CET1 Basel III 9 - 11.5% 10 - 12.5% 11 - 13.5% 12 - 14.5%  Level of countercyclical buffer and risk-

  7. Slide 7: DNB Group CET1-ratios

    DNB Group CET1-ratios Basel III Risk weights Estimated Avg. earnings Basel III CET1-ratio (RW) on RW-adj. capacity CET1-ratio 31 Mar 13 mortgages CET1-ratio generation estimate 2010-2012 avg. 1 Jul 16 20% 25% 12.1% ~10.5 to 11.4% ~110 bps p.a. ~12-14.5% 30% 35% 7

  8. Slide 8: Financial ambitions remain unchanged

    Financial ambitions remain unchanged CET1 capital target Basel III 12.0-12.5% Increase in net interest income > 6% Growth in lending volume 3-4% Cost/income ratio < 45% Sale of non-core operations Yes Rebalancing of loans Yes Reduced dividend level 2012-2014 8

DNB Group — Goldman Sachs Financials Conference 2013 on 6ix