DNB's profit in the third quarter of 2024 was NOK 12.2 billion. This is NOK 2.1
billion (19.9 per cent) higher than in the third quarter of 2023.

The good results are, among other things, due to increased lending volumes in
all three of DNB's customer segments. Growth in business customers Norway was
0.3 per cent, and in large corporates and international customers, it was 4.7
per cent. In personal customers, growth was 0.8 per cent.

"There has been a clear shift in customer behaviour through the summer and into
the autumn. Competition in the Norwegian bank market remains fierce, and we're
pleased that more and more of the customers who are on the move are deciding to
come to us," says Kjerstin Braathen, CEO of DNB.

Strong housing market

DNB's results are supported by a sound Norwegian economy with high activity, low
unemployment and gradually declining inflation. Economic growth is expected to
increase in the years ahead. The same is true of housing prices, which are
expected to grow by 2.8 per cent this year and 5.7 per cent next year, according
to forecasts from DNB Markets.

"We have seen an increase of about 10 per cent in the number of loan
applications, compared with the same time last year. Furthermore, fewer
customers are asking for interest-only periods. With more stable interest rates,
it's easier for customers to navigate the market, and the feedback we are
getting from the people who contact us is positive," states Braathen.

Robust economy means low losses

DNB's net interest income totalled NOK 16.1 billion in the quarter. This is an
increase of 2.0 per cent from the previous quarter.

DNB's impairment provisions amounted to NOK 170 million this quarter, compared
with NOK 937 million in the corresponding quarter of 2023.

"Companies and most households are still managing well in the face of higher
interest rates, and this is reflected in low lending losses both in the
corporate customers market and in the personal customers market. This also
applies to unsecured credit such as car loans, credit cards and consumer loans,
where losses were marginal in this quarter," says Braathen.

Record-high commission and fee income

Income from other customer activities than lending and deposits (commission and
fee income) ended at NOK 3.0 billion this quarter - driven by good income growth
in DNB's investment banking activities and in asset management. The result was
11.1 per cent higher than in the corresponding quarter of last year, and the
best result ever in the third quarter.


Financial key figures for the third quarter of 2024 (figures for the
corresponding quarter in 2023):

Pre-tax operating profit before impairment amounted to NOK 15.4 billion (14.1)

Profit was NOK 12.2 billion (10.1)

Earnings per share were NOK 7.83 (6.39)

Return on equity was 18.9 per cent (16.3)

Cost/income ratio was 32.5 per cent (32.7)

Common equity Tier 1 (CET1) capital ratio was 19.0 per cent (18.3)



For further information:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71
32 50

Øystein Kløvstad Langberg, Executive Vice President of Communications, tel.:
(+47) 98 04 88 25

This information is subject to the disclosure requirements under Section 5-12 of
the Norwegian Securities Trading Act.