The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Norway

Denmark I Estonia I Finland I Iceland I Latvia I Lithuania I Norway I Sweden

BEST BANK: DNB NOR
BEST DEBT HOUSE: Deutsche Bank
BEST EQUITY HOUSE: Carnegie
BEST M&A HOUSE: SEB Merchant Banking


“Profitability is good, supported by very low loan loss provisions and a leaner cost structure,” observed Fitch when it affirmed its A+ rating on DnB NOR late in 2005, and the bank’s full-year results did not disappoint. Pre-tax profit rose by 25% to NKr13.1 billion ($2.1 billion), return on equity expanded from 17.7% to 18.8% and the cost-income ratio continued to fall, from almost 53% at the end of the second quarter to 47.5% by the year-end. With 10,000 new SME customers added in 2006 and retail lending rising by 11%, DnB NOR strengthened its already dominant position in the domestic market in 2005. It also reports that it has now completed Norway’s largest ever merger (which brought together DnB and Nordlandsbansbanken in 2003) “at schedule (or even marginally ahead) and at budget (or a little better)”.

Highlights for Deutsche Bank in the market for Norwegian borrowers in 2005 included the only US dollar global offering of the year from Eksportfinans, which was the tightest priced US dollar benchmark from a Nordic agency; and Kommunalbanken Norway’s first ever $1 billion benchmark, which was fully subscribed within 3.5

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree