DNB Bank (DNB) investor relations material

Financial performance and capital position

• Achieved resilient earnings in Q1 2026 with NOK 13,353 million pre-tax profit before impairment and a profit for the period of NOK 9,860 million.

• Return on equity at 14.0% and CET1 ratio at 18.1%, well above the regulatory expectation of 16.4%.

• Cost/income ratio maintained below 40%, with a dividend payout ratio above 50% and ambition to increase nominal dividend per share year over year.

• Solid capital generation, with CET1 capital built up by over 350 bps annually on average in the last three years before shareholder distributions.

• Strong performance in the 2025 EU-wide stress test, with CET1 ratio increasing by 26 bps under adverse scenarios.

Loan book and asset quality

• Portfolio is robust and well-diversified, with 99.4% of loans in stage 1 and 2, and stage 3 loans at 0.68% of total net loans as of Q1 2026.

• Continued low impairment levels, with a write-down ratio of 0.11% in Q1 2026.

• Reduced exposure to cyclical industries, notably shipping and oil/gas/offshore.

• Residential mortgage book is highly robust, with 61% of loans below 60% LTV and strict lending regulations in place.

• Commercial real estate, oil-related, and shipping portfolios are managed with a focus on low-risk exposures and strong risk-mitigation strategies.

Norwegian economy and market environment

• Mainland GDP growth expected at 1.5% in 2026, with low unemployment and positive wage growth supporting consumption.

• Inflation remains above target, with policy rates raised to 4.25% in May 2026 and potential further hikes expected.

• Norway’s net wealth exceeds 4x GDP, providing resilience against economic headwinds.