Member access

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

DNB ASA (DNB)

18
SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

Order free Annual Report for DNB ASA

Visit http://djnweurope.ar.wilink.com/?ticker=NO0010031479 or call +44 (0)208 391 6028

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on DNB ASA
01/30 DNB ASA : Dahua HD video surveillance system safeguards AB DNB Bank
01/30 DNB ASA : Nordic ABM - OBOBA10 PRO - Nytt lån til notering på Nordic ABM 02.02.2..
01/26 Banks look to Europe's stimulus plan to brighten grim results
01/22 DANSKE BANK A/S : Oslo Børs - STAKR39 - New bond issue to be listed 23.01.2015
01/22 DANSKE BANK A/S : Oslo Børs - STAKR38 - New bond issue to be listed on Oslo Børs..
01/21 DNB ASA : 21.01.2015 - Invitation to DNB’s presentation of the fourth quar..
01/21 DNB ASA : Invitation to DNB’s presentation of the fourth quarter results f..
01/21 DNB ASA : Nordic ABM - BRFI05 PRO - New bond issue to be listed 22.01.2015
01/21 TIETO : and AB DNB Bankas contribute to Euro Changeover in Lithuania
01/20 DNB ASA : Oslo Børs - NORG92 - New bond issue to be listed 21.01.2015
Advertisement
Chart
Duration : Period :
DNB ASA Technical Analysis Chart | DNB | NO0010031479 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF