Dnb Bank Asa · OSL:DNB
Dnb Bank Asa — Q2 2026 Earnings Presentation
21 slides from Dnb Bank Asa's earnings presentation, Jul 14, 2026
Slide 1: Results DNB Group Second quarter 2026
Results DNB Group Second quarter 2026 Kjerstin R. Braathen (CEO) Rasmus T. Figenschou (CFO) Q2 14 July 2026
Slide 2: Committed to delivering customer value: selected highlights
Committed to delivering customer value: selected highlights Record-high overall customer DNB Carnegie most active satisfaction score (CSI) for SMEs and ECM1 bank in Western Europe2 large corporates in Norway Continuously improved offering to Customer authentication for secure customers, resulting in
Slide 3: Strong performance and high activity level
Strong performance and high activity level Return on equity (ROE) of 14.6 per cent in the quarter Strong performance Strong performance across customer segments and product areas – up 0.6 NOK billion, per cent percentage points from 1Q26. 17.5 80.0 20.0 70.0 15.9 15.3 18.0 54.9 53.4 52.4 Net interes
Slide 4: Norwegian economy continues to demonstrate resilience
Norwegian economy continues to demonstrate resilience Mainland GDP growth expected to remain around 1.5 per cent towards 2029 – balanced labour market with low unemployment Core inflation expected to remain above target, but downward trend – expected real wage growth supporting both consumption
Slide 5: Solid, well-diversified growth and income platform
Solid, well-diversified growth and income platform Leveraging growth platform to deliver profitable volume growth across all segments for both loans and deposits Growth in pre-tax operating profit across all segments and DNB Carnegie – particularly strong growth in CCN and in the Nordics ‒ PC: I
Slide 6: Continued strong income from DNB Carnegie and Wealth Management
Continued strong income from DNB Carnegie and Wealth Management Total DNB Carnegie income up 5.3 per cent from 2Q25 – strong customer revenues more than weighed up for weaker risk management revenues Total Wealth Management income up 10.1 per cent from 2Q25 – strong contributions from both asset
Slide 7: Profitable growth in the quarter – YoY lending growth 4.3 per cent
Profitable growth in the quarter – YoY lending growth 4.3 per cent Currency-adjusted lending growth of 1.4 per cent in the quarter (unadjusted 1.6 per cent) ‒ up 0.6 per cent in PC, 1.5 per cent in CCN and 3.0 per cent in LCIC Currency-adjusted deposits up 1.5 per cent in the quarter (unadjusted
Slide 8: Net interest margin affected by mix effects and competition
Net interest margin affected by mix effects and competition Net interest margin1 Spreads in customer segments Per cent Per cent 1.90 1.94 1.90 1.89 1.85 1.80 1.81 1.74 1.70 1.72 1.73 1.67 1.65 1.66 1.62 1.61 1.52 1.40 1.39 1.39 1.36 1.35 1.35 1.30 1.29 1.24 1.18 1.04 1.07 1.03 1.02 0.95 0.90 0.87 0.
Slide 9: Net interest income down 1.1 per cent
Net interest income down 1.1 per cent Result affected by competition and portfolio- and product-mix effects Following Norges Bank’s rate hike of 25 basis points in May, DNB announced customer repricing, effective 12 July Net interest income NOK million 15,299 1 117 121 15,132 119 128 (44) (97) (
Slide 10: Commissions and fees – up 4.6 per cent from corresponding quarter last year
Commissions and fees – up 4.6 per cent from corresponding quarter last year Commissions and fees NOK million / Change in per cent from 2Q25 4,569 Real estate broking 4,370 0% Stable result in slower market. 4,129 357 357 291 Investment banking services +7% Strong results within corporate finance, up
Slide 11: Operating expenses reflecting seasonally high activity level
Operating expenses reflecting seasonally high activity level Operating expenses NOK million 232 61 43 8,989 263 (51) 8,441 1Q26 Closed defined-benefit Variable salaries Fees and IT Fixed salaries Other 2Q26 pension scheme1 expenses 1. The closed defined-benefit pension scheme is partly hedged and re
Slide 12: Robust and well-diversified portfolio – 99.4 per cent in stages 1 and 2
Robust and well-diversified portfolio – 99.4 per cent in stages 1 and 2 Personal customer portfolio – continued strong credit quality Corporate customer portfolio – increase in stage 3 impairment provisions relating to customer-specific events Impairment of financial instruments by customer segm
Slide 13: Continued strong capital position
Continued strong capital position CET1 capital ratio of 17.4 per cent – 100 basis-point headroom to Financial Supervisory Authority’s (FSA’s) current expectation Solid profit generation offset by increased risk exposure amount due to volume growth Announcing new share buy-back programme of 1.0
Slide 14: Robust second quarter results
Robust second quarter results Return on equity Cost/income ratio Earnings per share Per cent Per cent NOK 40.3 38.8 38.7 15.4 14.6 6.79 14.0 6.50 6.50 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 14
Slide 15: Capital Markets Day
Save the date: Capital Markets Day London, 10 November 2026
Slide 16: Appendix
Appendix
Slide 17: Income statement
Income statement Change Change NOK million 2Q26 1Q26 2Q25 from 1Q26 from 2Q25 Net interest income 15,132 15,299 16,152 (167) (1,020) Other operating income 7,191 6,494 6,339 697 852 Total income 22,323 21,793 22,491 530 (168) Operating expenses (8,989) (8,441) (8,725) (549) (265) Pre-tax operating p
Slide 18: Other operating income
Other operating income Change Change NOK million 2Q26 1Q26 2Q25 from 1Q26 from 2Q25 Net commissions and fees 4,569 4,129 4,370 440 199 Customer revenues in DNB Carnegie 897 853 898 44 (1) Trading revenues in DNB Carnegie 48 336 189 (289) (141) Hedging of defined-benefit pension scheme 155 27 118 128
Slide 19: 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
Slide 20: Q&A
Q&A
Slide 21: Slide 21