DNB Bank (DNB) Investor presentation summary

Capital structure and instruments

• Maintains a diversified capital structure with CET1, AT1, and Tier 2 capital, meeting a total capital requirement of ~20.6% as of June 2026.

• CET1 ratio stands at 17.4%, well above the regulatory expectation of 16.4%, with leverage ratio at 6.6% excluding central bank deposits.

• AT1 and Tier 2 capital requirements are met with ~2.5% and ~2.4% of risk-weighted assets, respectively, as of Q2 2026.

• Outstanding capital instruments include a mix of USD, NOK, SEK, EUR, JPY, and GBP denominated AT1 and Tier 2 bonds, many with call features.

• Sbanken's capital instruments have been assumed following the merger, further strengthening the capital base.

Profitability and earnings

• Demonstrates resilient and solid earnings, with net interest income comprising 69% of total income in H1 2026.

• Pre-tax operating profit before impairment remains strong, with consistent growth over the past decade.

• Solid profitability supports continued AT1 coupon payments and shareholder distributions.

Capital position and regulatory buffers

• Maintains a strong capital position, consistently building CET1 capital above requirements, with significant buffers over the MDA trigger level.

• SREP 2025 sets P2R at 1.7% and P2G at 1.0%, with reductions in CET1 ratio mainly due to share buy-backs and risk weight adjustments.

• Effective countercyclical buffer is ~2.18% and systemic risk buffer is ~3.22% as of June 2026.