|Address||N-0191, Norway, OSLO, Dronning Eufemias gate 30|
|Head of Group||DNB (Norway)|
|Bank Category||Commercial bank|
|Credit Ratings (as of Dec 2014)|
|Fitch||A+ (high credit quality)|
|Moody's||A1 (upper medium grade)|
|S&P's||A+ (strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 2 000 000 NOK per depositor)|
|Start Date||01 January 2006|
|Total Assets (2013)||218.30 bln EUR (-7.64%)|
|Total Equity (2013)||13 702.09 mln EUR (-4.54%)|
|Profit and Loss|
|Operating Income (2013)||2 342.09 mln EUR (-3.02%)|
|Annual Profit (2013)||1 842.25 mln EUR (+4.45%)|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Registration Number||984851006|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, DnB NOR Bank ASA is rated by Fitch and Standard & Poor's.
Credit ratings assigned to DnB NOR Bank ASA as of December 2014 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 NOR 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 NOR 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 NOR 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 is for DnB NOR Bank ASA it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Bank financial strength rating is C- (adequate intrinsic financial strength). Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A1|
|Bank Financial Strength Rating||C-|
Outlook for the ratings of DnB NOR Bank ASA is set to negative (may be lowered).
Long-term foreign currency rating for DnB NOR Bank ASA is set to A+ (strong capacity to meet its financial commitments). Long-term local currency rating is set to A+ (strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||A+|
|Outlook||stable (not likely to change)|
|Long-Term Local Currency Rating||A+|
|Outlook||stable (not likely to change)|
|Short-Term Foreign Currency Rating||A-1|
|Short-Term Local Currency Rating||A-1|
Short-term foreign currency rating for DnB NOR Bank ASA is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).
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 NOR 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: Deposit Guarantee Scheme in Norway
In 2013 total assets of DnB NOR Bank ASA were 218.30 bln EUR. Decline compared to the previous period (2012) was -7.64%. The evolution of the total assets of DnB NOR Bank ASA is shown at Chart 1 below.
Recent changes in total assets of DnB NOR Bank ASA and its main components are shown in Table 1.
|Cash and deposits with Central Banks||40.3||19.5||-51.59%|
|Loans to banks||28.4||47.8||+68.23%|
|Loans to customers||98.3||82.3||-16.24%|
|Table 1. Recent changes in total assets of DnB NOR Bank ASA (bln EUR).|
Recent changes in total liabilities of DnB NOR Bank ASA and its main components are shown in Table 2.
|Table 2. Recent changes in total liabilities of DnB NOR Bank ASA (bln EUR).|
Recent changes in gross profit of DnB NOR Bank ASA and its main components are shown in Table 3.
|Interest Income||6 431.0||5 461.4||-15.08%|
|Interest Charges||-3 495.0||-2 740.0||-21.60%|
|Net Interest Income||2 936.0||2 721.4||-7.31%|
|Table 3. Recent changes in gross profit of DnB NOR Bank ASA (mln EUR).|
In 2013 annual profit of DnB NOR Bank ASA was 1 842.25 mln EUR. Growth compared to the previous period (2012) was 4.45%. The evolution of the annual profit of DnB NOR Bank ASA is shown at Chart 2 below.