Brief: DNB Q3 NII Down At NOK 15,990 Mln
22/10/2025 06:38
Oct 22 (Reuters) - DNB Bank ASA DNB.OL: DNB Q3 NET INCOME NOK 10,700 MILLION Q3 PROFIT FOR THE PERIOD NOK 10,684 MILLION VERSUS NOK 10,608 MILLION SEEN IN COMPANY CONSENSUS Q3 NET COMMISSIONS AND FEES NOK 3,916 MILLION VERSUS NOK 4,159 MILLION SEEN IN COMPANY CONSENSUS SAVINGS RATE IS HIGHEST IT HAS BEEN IN TEN YEARS, WITH EXCEPTION OF PANDEMIC PERIOD Q3 NET INTEREST INCOME NOK 15,990 MILLION VERSUS NOK 16,152 MILLION SEEN IN COMPANY CONSENUS NORWEGIAN ECONOMY IS PERFORMING BETTER THAN EXPECTED, AND NORWEGIAN COMPANIES ARE CONTINUING TO INVEST WHILE EMPLOYMENT REMAINS AT A HIGH LEVEL COMBINED WITH FALLING INFLATION, THIS GIVES BOTH COMPANIES AND INDIVIDUALS INCREASED CONFIDENCE IN THEIR OWN FINANCES GOING FORWARD Q3 COST/INCOME RATIO 37.4% LEVEL OF ACTIVITY IN SWEDISH CAPITAL MARKET IS A GOOD EXAMPLE OF THIS. THIS IS ALSO ATTRACTIVE FROM AN INTERNATIONAL PERSPECTIVE, AND DNB IS WELL POSITIONED HERE 2025-27 ROE TARGET VIEW OF >14% THERE HAS BEEN A HIGH LEVEL OF ACTIVITY THROUGHOUT QUARTER, PARTICULARLY RELATING TO REFINANCING AND REMORTGAGING INTEREST FROM NEW CUSTOMERS HAS BEEN ESPECIALLY HIGH SINCE SBANKEN CUT ITS INTEREST RATE A WEEK BEFORE MOST RECENT CUT IN KEY POLICY RATE BY NORWEGIAN CENTRAL BANK Source text: ID:nWkr7S8hpj Further company coverage: DNB.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))