Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

DNB ASA (DNB)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

DNB ASA : DNB Lifts Dividend as Earnings Beat Views

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/07/2013 | 07:57am CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on DNB ASA
04/29 DNB ASA : 29.04.2016 - DNB – Acquisition of shares by primary insiders
04/29 DNB ASA : - Acquisition of shares by primary insiders
04/29 DNB ASA : Nordic ABM - FFSB03 PRO - New bond issue to be listed on Nordic ABM on..
04/29 DNB ASA : Nordic ABM - TYSB03 PRO - New bond issue to be listed on Nordic ABM on..
04/29 DNB ASA : Nordic ABM - LANDK38 PRO - New bond issue to be listed 02.05.2016
04/28DJDNB ASA : Sees Sharp Increase in Loan Losses This Year
04/28 DNB ASA : Strong first quarter performance in DNB Sweden
04/28 DNB ASA : Notice to attend the Annual General Meeting of Axactor AB (publ)
04/28 DNB ASA : First quarter report 2016 for DNB Boligkreditt AS
04/28 DNB ASA : 28.04.2016 - DNB’s CET1 capital ratio above 15 per cent
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials