Tagged: banking

Strong reduction in write-downs

DnB NOR recorded a profit of NOK 2 823 million in the second quarter of 2010, a significant improvement from the year-earlier period. Write-downs on loans were more than halved compared with the second...

DNV maintained its strong position in 2009

Oslo: With growth in both its total revenue and number of employees, DNV held a strong position in all its main areas of activity in 2009. Despite the difficulties in the global economy, DNV...

DnB NOR insider case closed

DnB NOR accepts the fine imposed by Økokrim (the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime) following claims of a breach of insider rules. DnB NOR maintains that no...

DnB NOR makes donations to Haiti

In connection with the earthquake catstrophe in Haiti, DnB NOR has decided to make donations to some of the organisations working in the country. “In such a situation, it is important to demonstrate corporate...

DnB NOR raises interest rates

The price of banks’ funding has increased since the turn of the year. DnB NOR will thus raise interest rates on loans and deposits by up to 0.25 percentage points.The best interest rate on...

Increasing share for credit lines

Credit lines secured on dwellings accounted for almost a quarter of Norwegian banks’ and mortgage companies’ total loans secured on dwellings to Norwegian households at the end of November 2009. This is the highest...

Start of evaluation period in DnB NORD

The Board of Directors of DnB NOR has today decided to initiate the evaluation period of the shareholder agreement between DnB NOR and NORD/LB relating to Bank DnB NORD A/S. The period will commence...

Karl-Johan Molnes to DnB NOR Markets

Karl-Johan Molnes has been employed as a stockbroker in DnB NOR Markets. He has worked as a stockbroker in the US over the past 12 years, since 2003 for SEB Enskilda, New York. Molnes...

Norwegian bank DnB NOR makes $2.4 billion cash call

Norway’s largest financial group, DnB NOR ASA, said it would try to raise capital with a NOK 14 billion ($2.4 billion) rights issue to offset losses suffered during the financial crisis. Despite first-quarter gains,...