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4-Traders Homepage  >  Shares  >  Oslo Bors  >  DNB ASA    DNB   NO0010031479

DNB ASA (DNB)

Delayed Quote. Delayed CHI-X EUROPE LIMITED. - 08/28 05:25:30 pm
118.5500 NOK   +0.64%
08/27 DNB ASA : Issue of shares in DNB OBX (OBXEDNB)
08/25 DNB ASA : Oslo Børs - LYSK110 - New bond issue to be listed on Oslo ..
08/24 DNB ASA : Nordic ABM - SSFBK11 PRO - New bond issue to be listed on ..
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DNB ASA : DNB Lifts Dividend as Earnings Beat Views

02/07/2013 | 01:57am US/Eastern

Norwegian bank DNB ASA (DNB.OS) Thursday proposed a raised dividend for 2012 compared with the previous year, and posted a smaller-than-expected drop in fourth-quarter net profit as rising net interest income partly compensated for widening loan losses.

   MAIN FACTS: 

-Fourth-quarter net profit fell to NOK3.81 billion from NOK4.09 billion a year earlier, beating analysts' expectations for NOK3.28 billion.

-Loan losses widened to NOK1.19 billion from NOK926 million against expectations for NOK1.07 billion.

-Net interest income rose to NOK7.10 billion from NOK6.79 billion against expectations for NOK6.97 billion.

-DNB proposes a dividend per share for 2012 of NOK2.10, up from NOK2 for the previous year.

-"In spite of a weak international economic trend, the Norwegian economy is expected to remain strong," the bank said. "Coupled with strict cost control, this will provide the basis for a healthy profit trend in the Group's Norwegian operations," it added.

-Shares closed Wednesday at NOK75.80.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

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