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 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.

• Initiated a share buy-back program in May 2026, reducing CET1 ratio by approximately 40bps.

Loan book and asset quality

• Portfolio is robust and well-diversified, with 99.4% of loans in stage 1 and 2, and low impairment levels across segments.

• Residential mortgage book is highly resilient, with 61% of loans below 60% LTV and only 2% above 90% LTV.

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

• Oil-related and shipping portfolios represent 3.2% and 2.1% of total EAD, respectively, with most exposure in low-risk categories.

• House prices in Norway increased by 5.0% in 2025 and 5.8% YTD May 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, with science-based decarbonization targets for 2030 across key sectors.

• Mobilized NOK 1,500 billion for sustainable transition by 2030, with NOK 233 billion in sustainability-profiled funds by YE 2025.

• Green finance framework aligns with ICMA Green Bond Principles and is ~61% aligned with the EU Taxonomy.

• Annual avoided CO2 emissions from green portfolio exceed 1.45 million tons, with 91% of eligible green loan portfolio allocated.