Q2 2026 DNB Bank ASA Earnings Call Transcript
Key Points
- DNB Bank ASA (DNBBF) reported a strong return on equity of 14.6% for the second quarter, driven by growth in loans, deposits, and attractive fee growth.
- The bank achieved a record high customer satisfaction among SME and large corporate customers in Norway, indicating strong service delivery.
- DNB Carnegie was the most active Equity Capital Markets bank in Western Europe by the number of transactions, showcasing its strong market position.
- The bank saw a record high net inflow in Asset Management of NOK46 billion, contributing to a 13% increase in this segment compared to the same quarter last year.
- DNB Bank ASA (DNBBF) announced a new share buyback program of 1% of outstanding shares, reflecting confidence in its financial position and commitment to returning value to shareholders.
- Net interest income decreased by NOK167 million in the quarter, with a 1.1% decline in net interest income compared to the previous quarter due to competition and portfolio mix effects.
- The bank's net interest margin fell by 4 basis points to 1.70%, impacted by competitive pressures and product mix effects.
- Operating expenses increased by NOK548 million compared to Q1, driven by higher activity-related expenses and market developments.
- Money transfer and banking services fees were down by 29%, primarily due to increased costs rather than lower income.
- The bank noted a NOK124 million provision related to its legacy portfolio in Poland, indicating some challenges in specific customer situations.
Good morning, everyone. Can you hear me? Yes, thank you so much.
Welcome to the presentation of the second-quarter results for DNB. It's incredible to see so many beautiful faces in the basement in Bjorvika, on the hottest day so far in 2026. So thank you for coming and listening to this presentation.
First, we would like to congratulate the Norwegian men's football team for reaching the quarter final in the World Cup. In DNB, we feel that we are playing the World Cup every day. And this time, we are at our second quarter final only in 2026.
So our CEO, she will present the results and our CFO, Rasmus Figenschou will go into the details. So please kick it off, Kjerstin.
Thank you so much, Even, and a very good morning to all of you, and welcome to this presentation of our results for the second quarter.
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