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NOK179.35 -0.2  -0.1%

Last Trade - 12/05/21

Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 30th / 1832

DNB says needs to boost capital by NOK 40-60 billion

Thu 20th June, 2013 7:50am
ASKER, Norway, June 20 (Reuters) - Norwegian bank DNB DNB.OL  must increase its core capital by up to 60 billion Norwegian crowns ($10.5 billion) over the next three years, chief executive Rune Bjerke said on Thursday. "If we are to reach the level we believe is demanded from us towards 2016, we may have to increase our capital by 40-60 billion crowns," Bjerke told a business conference. In March, Bjerke estimated the bank's need for additional capital to be between 40-50 billion crowns until 2016. ID:nO9N0BL01S  (Reporting by Henrik Stolen, writing by Terje Solsvik; Editing by Victoria Klesty) ((terje.solsvik@thomsonreuters.com)(+47 2293 6974)(Reuters Messaging: terje.solsvik.thomsonreuters.com@reuters.net)) Keywords: DNB CAPITAL/
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