DNB BANK ASA

DnB NOR Bank offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. DnB NOR Bank serves its customers via branches in Norway, in-store postal and banking outlets, post office counters, Internet banking, and mobile services.

Bank Category

Commercial banks

Financials

Total Assets (2016)
2 003.91 bln NOK  (+1.96%)
Operating Income (2016)
20 011.59 mln NOK  (-16.93%)

DNB BANK ASA is the 1st largest bank in Norway in terms of total assets. In 2016 its total assets were 2 003,91 bln NOK, providing the bank with the market share of 55.26%. DNB BANK ASA is the 1st largest commercial bank in Norway (out of 18 commercial banks) having market share of 84.56% amongst the banks of this category. In 2016 the bank's operating income was 20 011,59 mln NOK.

DNB BANK ASA is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Deposit Guarantee

2 000 000 NOK

DNB BANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2 000 000 NOK per bank per depositor.

Head of Group

 DNB (Norway)

DNB BANK ASA is a member of DNB (Norway).

Contacts

Dronning Eufemias gate 30, 0191, OSLO, Norway

DNB BANK ASA is headquartered in OSLO.

Bank Identifiers

Company Number
984851006
Start Date
01 January 2006

Financial Positions

Total Assets (2016)
2 003.91 bln NOK  (+1.96%)
Total Equity (2016)
168.10 bln NOK  (+10.94%)

In 2016 total assets of DNB BANK ASA were 2 003.91 bln NOK. Growth compared to the previous period (2015) was 1.96%. The evolution of the total assets of DNB BANK ASA is shown at Chart 1 below.

Total Assets of DNB BANK ASA.

Chart 1. Total Assets of DNB BANK ASA.

Recent changes in total assets of DNB BANK ASA and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 16.0 207.9 +1 199.24%
Loans to banks 630.7 549.1 -12.94%
Loans to customers 712.3 699.9 -1.75%
Total Assets 1 965.4 2 003.9 +1.96%
Table 1. Recent changes in total assets of DNB BANK ASA (bln NOK).

Recent changes in total liabilities of DNB BANK ASA and its main components are shown in Table 2.

2015 2016 % change
Bank deposits 262.3 338.7 +29.12%
Customer deposits 896.5 920.7 +2.70%
Total Liabilities 1 965.4 2 003.9 +1.96%
Table 2. Recent changes in total liabilities of DNB BANK ASA (bln NOK).

Profit and Loss

Operating Income (2016)
20 011.59 mln NOK  (-16.93%)
Annual Profit (2016)
14 788.59 mln NOK  (-28.34%)
Net Income (2017)
18 909.59 mln NOK  (+5.56%)

Recent changes in gross profit of DNB BANK ASA and its main components are shown in Table 3.

2015 2016 % change
Interest Income 38 286.6 35 162.5 -8.16%
Interest Charges -14 072.0 -11 555.0 -17.89%
Net Interest Income 24 214.6 23 607.5 -2.51%
Commission Income 6 220.4 6 738.8 +8.33%
Commission Charges -2 676.1 -2 923.9 +9.26%
Table 3. Recent changes in gross profit of DNB BANK ASA (mln NOK).

In 2016 annual profit of DNB BANK ASA was 14 788.59 mln NOK. Decline compared to the previous period (2015) was -28.34%. The evolution of the annual profit of DNB BANK ASA is shown at Chart 2 below.

Annual Profit of DNB BANK ASA.

Chart 2. Annual Profit of DNB BANK ASA.

In 2017 net income of DNB BANK ASA was 18 909.59 mln NOK. Growth compared to the previous period (2016) was 5.56%. The evolution of the net income of DNB BANK ASA is shown at Chart 3 below.

Net Income of DNB BANK ASA.

Chart 3. Net Income of DNB BANK ASA.

Market Share and Rank (among banks in Norway)

Total Assets (2016)
1st (market share 55.26%)

In 2016 DNB BANK ASA was ranked the 1st largest bank in Norway in terms of total assets, having 55.26% of the domestic market share.

Market share of DNB BANK ASA (among banks in Norway)

Chart 4. Market share of DNB BANK ASA (among banks in Norway)

Several banks having the market shares and ranks closest to DNB BANK ASA are shown below.

RankNameTotal AssetsMarket Share
1 DNB BANK ASA2003905.92 mln NOK55.26%
2 SpareBank 1 SR-Bank166318.00 mln NOK4.59%
3 SPAREBANK 1 SMN136062.03 mln NOK3.75%
 

Market Share and Rank (among Commercial banks in Norway)

Total Assets (2016)
1st (market share 84.56%)

In 2016 DNB BANK ASA was ranked the 1st largest commercial bank in Norway in terms of total assets, having 84.56% of the category's market share.

Market share of DNB BANK ASA (among Commercial banks in Norway)

Chart 5. Market share of DNB BANK ASA (among Commercial banks in Norway)

Several commercial banks having the market shares and ranks closest to DNB BANK ASA are shown below.

RankNameTotal AssetsMarket Share
1 DNB BANK ASA2003905.92 mln NOK84.56%
2 SANTANDER CONSUMER BANK AS128516.87 mln NOK5.42%
3 SBANKEN ASA (new)54903.12 mln NOK2.32%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) Aa2 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. DNB BANK ASA is rated by Fitch and Moody's.

Credit ratings assigned to DNB BANK ASA as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for DNB BANK ASA it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for DNB BANK ASA is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a+
Support Rating  1
Support Rating Floor  A

Viability rating for DNB BANK ASA is set to a+ (high fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is A (high credit quality).

Moody's

Long-term rating for DNB BANK ASA it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of DNB BANK ASA is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee
Yes (up to 2 000 000 NOK per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Norway are obliged to participate in Norwegian deposit guarantee scheme.

In the case of DNB BANK ASA failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  any credit balance on a named account, and any debt evidenced by a certificate of deposit issued to a named person
Maximum Protected Amount  2 000 000 NOK
Paid In Currency  NOK

Further Information

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  984851006

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