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DNB Reports Q2 Profits of NOK 10.4 Billion
ByAinvest
Friday, Jul 11, 2025 2:09 am ET1min read
DNB Bank ASA, Norway's leading financial group, reported Q2 profits after tax of NOK 10.4 billion. The bank's net banking product breakdown consists of corporate banking (59.3%), retail banking (34.5%), and other activities (6.2%), including insurance, savings management, and asset management. As of 2024, the group had NOK 1,487.8 billion in current deposits and NOK 2,251.5 billion in current credits.
Norway's leading financial group, DNB Bank ASA, reported its second-quarter profits after tax at NOK 10.4 billion, falling short of analysts' expectations. The bank's net profit decreased by 3% compared to the same period last year, driven by higher impairment provisions [1].DNB's net banking product breakdown revealed that corporate banking contributed 59.3%, retail banking accounted for 34.5%, and other activities, including insurance, savings management, and asset management, constituted 6.2% [2]. As of 2024, the group held NOK 1,487.8 billion in current deposits and NOK 2,251.5 billion in current credits.
The bank's performance was impacted by the shift in Norway's monetary policy, which has moved from high rates to easing, signaling slimmer margins ahead. This change is expected to affect the bank's profitability as inflation and growth prospects soften [1].
Additionally, a wave of consolidation among savings banks is challenging DNB's dominance in the Norwegian market, increasing competition at home [1]. Despite these challenges, DNB continues to experience strong lending growth and high customer activity, indicating resilience in its core operations.
References:
[1] Reuters. (2025). Norway's DNB Bank misses profit forecast in 2nd quarter. Retrieved from https://www.marketscreener.com/quote/stock/DNB-BANK-ASA-124363442/news/Norway-s-DNB-Bank-misses-profit-forecast-in-2nd-quarter-50485483/
[2] Reuters. (2025). Norway's DNB Bank misses profit forecast in 2nd quarter. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3T8071:0-norway-s-dnb-bank-misses-profit-forecast-in-2nd-quarter/
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