DNB Bank ASA (OSTO:DNBo)

kr 235.3 5.1 (2.22%) Market Cap: 342.05 Bil Enterprise Value: 728.38 Bil PE Ratio: 8.52 PB Ratio: 1.22 GF Score: 73/100

Q3 2024 Dnb Bank ASA Earnings Call Transcript

Oct 22, 2024 / 11:30AM GMT

Release Date Price: kr237.2 (+6.46%)

Transcript

Ida Lerner

DNB Bank ASA - Group Chief Financial Officer

(audio in progress)

And inflation levels have come down gradually, but are still at higher levels than what Norwegian Central Bank's long-term targets say.

Wage growth is expected to come in at 5.2% this year, and then gradually come down over the following years to 3.3% in 2027. Due to the strong Norwegian economy and the low unemployment levels, as well as how well the households as well as corporates are upholding, the key policy rate remains unchanged at 4.5% and is expected to remain at this level until March 2025, after which rates are expected to gradually move downwards to 2.75% at year-end 2027.

This quarter, there is a strong performance across the board in the bank. We see strong development and activity levels in all customer segments. Return on equity at 18.9% in the quarter, with a strong activity around the bank; 18% adjusted for a one-off gain from Fremtind/Eika merger, but still then at very high levels.

Net interest income, up 2% from the last quarter, driven by lending growth and increased

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.