DNB Bank (DNB) Investor presentation summary

Financial performance and capital position

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

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

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

• Maintained a cost/income ratio below 40% and a payout ratio above 50%.

• Outperformed Nordic and international peers in profitability and capital strength.

Loan book and asset quality

• Portfolio is robust and diversified, with 99.4% of loans in stage 1 and 2, and low impairment levels (write-down ratio 0.11% in Q1 2026).

• Exposure to cyclical industries has been reduced, and the residential mortgage book is highly resilient with strict lending criteria.

• Commercial real estate loans represent 10% of total exposure, with 72% to low-risk customers and 94% in Norway.

• Oil-related and shipping portfolios are small and predominantly low risk.

• House prices in Norway rose 5.6% YTD April 2026, supported by strong wage growth.

ESG and sustainability

• Strong ESG ratings: Sustainalytics (17.0, Low Risk), ISS ESG (C+, Prime), MSCI (AAA), CDP (A-).

• Committed to net zero emissions by 2050 and mobilizing NOK 1,500 billion for sustainable transition by 2030.

• Achieved 2030 interim decarbonization targets for key sectors and increased assets in sustainability-profiled funds to NOK 233 billion by YE 2025.

• Green finance framework is ~60% aligned with the EU Taxonomy, with NOK 203 billion in eligible green assets.

• Annual avoided CO2 emissions from green portfolio exceed 1.45 million tons.