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DNB Bank ASA is seeking to expand its use of significant risk transfers (SRTs) to mitigate credit risk, according to CFO Ida Lerner. The bank is considering additional deals, although any future SRT transactions will require regulatory approval.
UBS has raised its target price for DNB to 211 Norwegian kroner while maintaining a sell position. DNB Bank ASA, Norway"s leading financial group, generates 61.7% of its net banking income from investment banking, 35.2% from retail banking, and 3.1% from other services. As of the end of 2023, the group reported 1,422.9 billion NOK in deposits and 1,997.4 billion NOK in outstanding loans.
UBS has raised its target price for DNB to 211 Norwegian kroner, maintaining a sell recommendation. DNB Bank ASA, Norway"s leading financial group, has a banking product distribution of 61.7% in Corporate Banking, 35.2% in Retail Banking, and 3.1% in Other services. As of the end of 2023, the Group reported NOK 1,422.9 billion in current deposits and NOK 1,997.4 billion in current loans.
DNB Bank ASA has increased its target for annual growth in net commissions and fees to over 9%, up from 4-5%, in anticipation of interest rate cuts that may pressure loan margins. Additionally, the bank raised its return on equity target for the next three years to over 14%, from more than 13%.
UBS has increased its target price for DNB to 207 NOK from 197 NOK while maintaining a sell position. DNB Bank ASA, Norway's leading financial group, generates net banking income primarily from investment banking (61.7%) and retail banking (35.2%). As of the end of 2023, the group reported 1,422.9 billion NOK in deposits and 1,997.4 billion NOK in loans outstanding.
UBS has raised its target price for DNB to NOK 207 from NOK 197 while maintaining a Sell rating. DNB Bank ASA, Norway's leading financial group, has a banking product distribution of 61.7% in Corporate Banking, 35.2% in Retail Banking, and 3.1% in Other services. As of the end of 2023, the group reported NOK 1,422.9 billion in current deposits and NOK 1,997.4 billion in current loans.
UBS has raised its target price for DNB to 207 Norwegian kroner, maintaining a 'sell' rating. DNB Bank ASA, Norway's leading financial group, derives 61.7% of its revenue from corporate banking, 35.2% from retail banking, and 3.1% from other services. As of the end of 2023, the group reported NOK 1,422.9 billion in current deposits and NOK 1,997.4 billion in current credits.
Norway’s largest lender, DNB Bank ASA, reported a 2.6% increase in net interest income for the third quarter, reaching 16.13 billion Norwegian kroner ($1.5 billion), surpassing analysts' expectations of 15.87 billion kroner. This growth was driven by rising loan demand across all customer segments.
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