DNB Bank (DNB) Investor presentation summary

Financial performance and capital position

• Achieved pre-tax operating profit before impairment of NOK 26,686 million and profit for the period of NOK 19,681 million in H1 2026, with a return on equity of 14.3% and a CET1 ratio of 17.4% as of June 2026.

• Maintained a cost/income ratio below 40% and a leverage ratio of 6.3%, exceeding regulatory capital requirements.

• CET1 capital expectation is ~16.4%, with strong buffers above the MDA trigger level and robust capital generation, even after share buy-backs and acquisitions.

• Outperformed peers in profitability and capital strength, with higher risk-weighted density and strong stress test results.

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

Loan book and asset quality

• Portfolio is well-diversified, with 99.4% of loans in stage 1 or 2 and only 0.7% in stage 3 as of June 2026.

• Impairment levels remain low, with a write-down ratio of 0.09% in H1 2026 and continued reduction in exposure to cyclical industries.

• Residential mortgage book is robust, with 75% of loans below 75% LTV and strict lending regulations in place.

• Commercial real estate, oil-related, and shipping portfolios are managed with a focus on low-risk exposures and limited high-risk commitments.

• House prices in Norway have increased steadily, supporting asset quality.

ESG and sustainability

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

• Committed to net zero emissions by 2050, with interim 2030 decarbonization targets across key sectors.

• Mobilized NOK 1,033 billion towards sustainable activities by H1 2026, aiming for NOK 1,500 billion by 2030.

• Green loan portfolio of NOK ~224 billion, with 91% allocation and significant annual avoided CO2 emissions.

• Green bond framework is aligned with ICMA principles and partially with the EU Taxonomy, with positive second-party opinion from Sustainalytics.