Member access

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

DNB ASA (DNB)

13
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll 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

Latest news on DNB ASA
1d ago DNB ASA : Nordic ABM - HJGSB07 PRO - New bond issue to be listed 24.10.2014
1d ago DNB ASA : Nordic ABM - New bond issue to be listed on Nordic ABM on 24.10.2014
1d ago DNB ASA : Nordic ABM - TOTG42 PRO - New bond issue to be listed 24.10.2014
1d agoDJDNB Profits Boosted By Higher Lending Volumes
1d ago DNB ASA : The third quarter result for DNB Bank
4d agoDNB ASA : quaterly earnings release
4d ago DNB ASA : Nordic ABM - HARSB03 PRO - New bond issue to be listed 20.10.2014
7d ago DNB ASA : Nordic ABM - HARSB03 PRO - New bond issue to be listed 20.10.2014
10/16 DNB ASA : Nordic ABM - SKL07 PRO - New bond issue to be listed 17.10.2014
10/15 DNB ASA : Nordic ABM - KLEG20 PRO - New bond issue to be listed 15.10.2104
Advertisement
Chart
Duration : Period :
DNB ASA Technical Analysis Chart | DNB | NO0010031479 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF