DNB Bank delivered full-year 2024 net profit of NOK 45.8 billion, a 16% increase from the NOK 39.5 billion recorded in 2023. The results, published on 5 February 2025, were accompanied by a proposed dividend of NOK 16.75 per share.
Return on equity for the full year reached 17.5%. Earnings per share for the year were NOK 29.34, while the group's Common Equity Tier 1 capital ratio stood at 19.4%.
INCOME GROWTH ACROSS INTEREST AND FEES
Net interest income for 2024 reached NOK 64.2 billion, an increase of NOK 2.6 billion on the prior year. Commission and fee income grew 12% over the same period. The fee income growth was spread across payment services, savings and asset management, and the corporate advisory and transaction services that DNB provides to its business and institutional client base.
CAPITAL AND DIVIDEND
The proposed dividend of NOK 16.75 per share requires shareholder approval and is subject to the usual regulatory confirmations before payment. DNB's management noted that the strong results were driven by high customer activity and robust credit quality across the loan portfolio throughout the year, with no material deterioration in asset quality reported for the full twelve-month period.