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.
DNB BANK ASA is the 1st largest bank in Norway in terms of total assets. In 2017 its total assets were 2 053,79 bln NOK, providing the bank with the market share of 53.19%. DNB BANK ASA is the 1st largest commercial bank in Norway (out of 22 commercial banks) having market share of 82.54% amongst the banks of this category. In 2017 the bank's operating income was 21 977,60 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).
DNB BANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2 000 000 NOK per bank per depositor.
DNB BANK ASA is a member of DNB (Norway).
DNB BANK ASA is headquartered in OSLO.
|Total Assets (2017)|
|2 053.79 bln NOK (+2.49%)|
|Total Equity (2017)|
|169.72 bln NOK (+0.96%)|
In 2017 total assets of DNB BANK ASA were 2 053.79 bln NOK. Growth compared to the previous period (2016) was 2.49%. The evolution of the total assets of DNB BANK ASA is shown at Chart 1 below.
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.
|Cash and deposits with Central Banks||207.9||151.1||-27.31%|
|Loans to banks||549.1||581.0||+5.81%|
|Loans to customers||699.9||739.4||+5.65%|
|Total Assets||2 003.9||2 053.8||+2.49%|
|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.
|Total Liabilities||2 003.9||2 053.8||+2.49%|
|Table 2. Recent changes in total liabilities of DNB BANK ASA (bln NOK).|
|Operating Income (2017)|
|21 977.60 mln NOK (+9.82%)|
|Annual Profit (2017)|
|18 909.59 mln NOK (+27.87%)|
|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.
|Interest Income||35 162.5||37 125.5||+5.58%|
|Interest Charges||-11 555.0||-12 709.2||+9.99%|
|Net Interest Income||23 607.5||24 416.3||+3.43%|
|Commission Income||6 738.8||7 340.4||+8.93%|
|Commission Charges||-2 923.9||-3 296.4||+12.74%|
|Table 3. Recent changes in gross profit of DNB BANK ASA (mln NOK).|
In 2017 annual profit of DNB BANK ASA was 18 909.59 mln NOK. Growth compared to the previous period (2016) was 27.87%. The evolution of the annual profit of DNB BANK ASA is shown at Chart 2 below.
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.
Chart 3. Net Income of DNB BANK ASA.
|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.
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+|
|Short-Term Issuer Default Rating||F1|
|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).
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 Bank Deposit Rating||Aa2|
|Baseline Credit Assessment||a3|
Outlook for the ratings of DNB BANK ASA is set to negative (may be lowered).
|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|
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.