DNB slips after Q2 profit miss amid higher costs, provisions

Dnb Bank ASA

11/07/2025 08:21

** Shares in DNB DNB.OL fall 7.5% after the Norwegian bank posted a lower-than-expected net profit for Q2, with its operating costs and provisions growing year-on-year

** The bank's net profit for the quarter comes at 10.44 billion Norwegian crowns ($1.03 billion) against 10.94 billion expected by analysts on average

** Its impairment provisions rose to 1.09 billion Norwegian crowns in H1, compared with 882 million in H1 2024

** The bank's net interest income of 16.15 billion Norwegian crowns was 2% below consensus, while provisions were 18% higher than expected, J.P. Morgan says

** "Whilst the stock has already lagged the overall sector, Q2 results are unlikely to help performance", the broker adds

** DNB shares land on bottom of STOXX 600 .STOXX and are set for the worst day since April 2024

($1 = 10.0992 Norwegian crowns)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))