DNB Bank (DNB) Investor presentation summary

Capital structure and requirements

• Maintains a CET1 ratio of 18.1% as of 31 March 2026, well above the regulatory expectation of 16.4%.

• SREP 2025 sets Pillar 2 Requirement at 1.7% and Pillar 2 Guidance at 1.0%.

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

• Effective countercyclical buffer is ~2.19% and systemic risk buffer is ~3.21% as of 31 March 2026.

• Capital requirements can be met with ~1.8% AT1 and ~2.4% Tier 2 capital.

Capital instruments and funding

• Outstanding AT1 and Tier 2 instruments in multiple currencies, all with anytime call features before reset dates.

• Senior Non-Preferred and Senior Preferred benchmark bonds issued in USD, EUR, GBP, JPY, NOK, SEK, and CHF, including green bonds.

• All bonds coming up for call have been called as of the latest reporting.

• Legacy perpetual bonds were redeemed in early 2024 following regulatory changes.

Profitability and capital generation

• Demonstrates resilient earnings, with pre-tax operating profit before impairment consistently strong.

• Net interest income constitutes 71% of total income for 2025.

• Built over 350bps in CET1 capital annually on average over the last three years before shareholder distributions.

• Solid profitability supports continued AT1 coupon payments.