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.

• Initiated a share buy-back program up to 1% of shares, expected to reduce CET1 ratio by ~40bps.

• Strong capital generation, with CET1 capital built up by over 350bps annually pre-distributions in recent years.

Norwegian economic environment

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

• Inflation remains above target, with headline and core inflation around 3.3% and 3.2% YTD April 2026; policy rate raised to 4.25% in May 2026.

• Norway's net wealth exceeds 4x GDP, providing resilience against economic downturns.

Loan book and asset quality

• Portfolio is robust and diversified, with 99.4% of loans in stage 1 and 2; stage 3 loans and commitments remain below 1%.

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

• Exposure to cyclical industries such as shipping and oil & gas has been reduced over time.

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