DNB Bank ASA (OSTO:DNBo)

kr 230.2 -3.1 (-1.33%) Market Cap: 342.94 Bil Enterprise Value: 729.27 Bil PE Ratio: 8.41 PB Ratio: 1.20 GF Score: 71/100

Q2 2022 DNB Bank ASA Earnings Call (Pre-close) Transcript

Jun 21, 2022 / 01:15PM GMT

Release Date Price: kr177.8 (-0.64%)

Transcript

Rune Helland

DNB Bank ASA - Head of IR

All right. Welcome to all of you to -- in this pre-call for the second quarter. I just want to remind you the objective of this call is to remind you of what we have said about the market and all our guiding and so forth that could affect the Q2 results. We will also share some of the market data, which could also affect the second quarter.

I will start with the NII and also the capital, and then (inaudible) will take you through the rest of the P&L. When it comes to the NII, first of all, I want to remind you that Sbanken consolidation will be 100% in the full effect also on the P&L in this quarter.

So for the NII, for example, the NII for Sbanken in the first quarter was NOK 377 million, just to give you an idea. When it comes to rate days, there will be one more day of interest rates in Q2 compared to Q1, which will have an approximately effect of NOK 90 million.

On the margin side and effects from the rate hikes, I'll just remind you that we will have an effect from the second rate hike, which we say have an annual effect of

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