Capital Markets Day: A solid foundation for growth and updated financial targets

19 Nov 2024 12:03 CET

DNB is hosting the Group's Capital Markets Day in London today.

Our financial targets for 2025-2027 are as follows:

· Return on equity (ROE) above 14% (from above 13%)
· Cost/income (C/I) ratio below 40% (no change)
· Dividend payout ratio of over 50% and an ambition to increase the nominal
dividends per share per year (no change)
· Common equity Tier 1 (CET1) capital ratio above 16.7% (no change)

Furthermore, our growth ambitions over time are as follows:

· Annual growth in loan volumes: 3-4% (no change)
· Annual growth in commission and fee income: above 9% (from 4-5%)

DNB's outlook is supported by a sound Norwegian economy with low unemployment
and a proven ability to withstand the current interest rate level. The activity
level in the Norwegian economy is expected to increase further in the years
ahead.

"DNB has a solid foundation for continued profitable growth, stemming from our
strong market positions, leading digital platforms and Nordic footprint. We will
build on our leading position in all our customer segments to create enhanced
customer value through our best-in-class digital solutions and competitive edge.
And with the acquisition of Carnegie, we will further strengthen our ability to
serve and support our customers across the Nordics and globally," says CEO of
DNB Kjerstin Braathen.

The acquisition of Carnegie is pending regulatory approval.

Please find the CMD presentation attached. The event will be live-streamed from
12:00 GMT / 13:00 CET at ir.dnb.no.

For further information, please contact:

Rune Helland, Head of Investor Relations, tel.: (+47) 97 71 32 50

Even Westerveld, Group Executive Vice President, People & Communication, tel.:
(+47) 40 01 67 44

This information is subject to the disclosure requirements under Section 5-12 of
the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

632614_DNB_Capital_Markets_Day_2024.pdf