DNB Bank ASA (DNBBF), a Norwegian financial service provider, on Wednesday reported a preliminary fourth-quarter net profit of NOK 12.675 billion, or NOK 8.21 per share, higher than NOK 9.403 billion, or NOK 5.93 per share, reported for the same period last year.
Profit from operations held for sale, after taxes, stood at NOK 106 million, compared with a loss of NOK 138 million a year ago. Pre-tax operating profit stood at NOK 13.334 billion as against the prior year's NOK 11.336 billion.
Total income was NOK 21.716 billion, up from last year's NOK 19.988 billion. Net commissions and fees were NOK 3.287 billion, compared with NOK 2.927 billion a year ago. Net interest income also improved to NOK 16.718 billion from NOK 15.997 billion in 2023.
Deposits from customers were NOK 1.487 trillion as of December 31, 2024, higher than NOK 1.422 trillion on December 31, 2023. As of December 31, 2024, loans to customers stood at NOK 2.251 trillion as against NOK 1.997 trillion on December 31, 2023.
For the full year, the Board will propose a dividend of NOK 16.75 per share, up from last year's NOK 16 per share.
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