Strong Return on Equity
DNB achieved a return on equity of 19% for the quarter, even after adjusting for an extraordinary low tax rate, it was 16.1%, which is well above their long-term target of 14%.
Increase in Net Interest Income
Net interest income increased by 3.7% from the third quarter of 2024, driven by profitable lending, with loan growth of 2.5% and deposit growth of 4.7%.
Record Net Commission and Fees
Net commission and fees were up 12.3% from the previous year, driven by strong results in debt capital markets and asset management.
Dividend Increase
The Board proposed a dividend of SEK 16.75 per share, up from SEK 16 last year, aligning with their policy of increasing nominal cash dividends year-on-year.
Strong Credit Portfolio
99.3% of DNB's credit portfolio is in Stage 1 and 2, with impairment provisions of SEK 157 million for the quarter, indicating a robust and well-diversified portfolio.