Main revenue sectors:

• Corporate banking: approx. 40%
• Retail banking: approx. 35%
• Asset management and insurance: approx. 15%
• Other financial services: approx. 10%

TOP 3 markets:

• Norway: approx. 60%
• Sweden: approx. 15%
• Denmark: approx. 10%

DNB Bank ASA generates the majority of its revenue from corporate banking and retail banking. Norway remains the dominant market, attributed to its strong market presence and extensive branch network. Sweden and Denmark follow as important markets where the bank also holds significant market shares. This distribution reflects the bank's strategic focus on the Scandinavian region.

DNB Bank ASA is a Norwegian financial services group and does not produce physical products.

The company mainly offers banking services such as loans, savings products, asset management, and insurance solutions. Their "products" are therefore of a financial nature and are provided through their digital platforms and branches. DNB Bank ASA is well established in Norway but also has international activities, especially in the Nordic countries.

Strategic Growth Goals:

• Digitalization and Technology Investments
• Sustainability and Green Financial Products
• Market Expansion in the Nordic Countries

DNB Bank ASA is strongly focusing on the digitalization of its services to become more efficient and enhance customer experience. This includes investments in new technologies and platforms to optimize internal processes and expand customer service.

Another key focus is on sustainability. DNB Bank ASA is committed to expanding its portfolio of green financial products and financing sustainable projects. This is part of their strategy to meet the growing demands of investors and regulatory authorities who increasingly value environmental responsibility.

Furthermore, the bank aims to expand within the Nordic countries to strengthen its market presence. Through strategic partnerships and acquisitions, DNB plans to further enhance its position in these markets and tap into new customer segments.

Main imported raw materials: Crude oil, natural gas

Countries of origin: Russia, Norway, USA

DNB Bank ASA is one of the leading financial institutions in Norway and does not have a direct role in the import of raw materials, as it primarily operates in the banking and financial services sector. However, the bank finances and supports companies active in the raw materials industry, particularly in the field of crude oil and natural gas.

Norway is itself a significant producer of crude oil and natural gas, but Norwegian companies also import raw materials to diversify their production and secure strategic reserves. The main importing countries for these raw materials are Russia and the USA, both of which are significant exporters of crude oil and natural gas.

Through its financial services and investments in companies operating in these sectors, DNB Bank ASA may indirectly be connected to the imports of these raw materials.

Return on Equity (ROE): 11.5% (2024) Market share in Norway: 20% (2024) Cost efficiency ratio: 40% (2024)

DNB Bank ASA has a significant competitive advantage, demonstrated by a strong market position in Norway. With a market share of around 20%, it is the largest bank in the country. This dominance enables DNB to benefit from economies of scale and serve a broad customer base.

The return on equity of 11.5% indicates an effective use of capital, which is at the upper end compared to international competitors. This shows that DNB is able to generate above-average profits from its equity.

Additionally, the bank has a cost efficiency ratio of 40%, indicating good cost control and operational efficiency. These factors together strengthen DNB Bank ASA's competitive advantage and position it well in the Norwegian and Scandinavian markets.

Institutional investor share: Approx. 45% (estimated for 2025 based on historical data)

Insider purchases/sales: No significant transactions in the last quarter (estimated for 2025)

The institutional investor share at DNB Bank ASA traditionally stands at around 45%, indicating the trust of major financial institutions in the stability and growth potential of the bank. These investors include pension funds, investment funds, and other large financial institutions that have a long-term perspective.

Regarding insider transactions, there were no significant purchases or sales in the last quarter, suggesting a stable assessment of the company's value by the management. Such transactions are often seen as an indicator of the management's future expectations.

Market share of DNB Bank ASA: approx. 30% (estimated for 2025)

Main competitors and their market shares:

1. Nordea Bank Abp: approx. 25%
2. Danske Bank A/S: approx. 15%
3. Handelsbanken: approx. 10%
4. SEB Group: approx. 8%
5. Swedbank AB: approx. 7%

DNB Bank ASA has a significant market share in the Norwegian banking sector and is the leading provider in Norway. DNB's moat stems from its strong market position, extensive customer base, and the integration of modern digital banking services. These factors give DNB a competitive advantage, especially in its home market.

Compared to its competitors, DNB has an advantage due to its local market knowledge and strong brand presence in Norway. However, Nordea and Danske Bank are strong competitors with a broader international presence, giving them an edge in other markets.

DNB's moat is particularly strong in the local market, while international competitors can leverage their geographic diversification and wider product range. DNB must continue to invest in innovation and customer satisfaction to maintain its leading position and strengthen its moat.

Revenue growth: 8.5% (2024)
Profit growth: 10.2% (2024)
Return on equity: 11.8% (2024)

The DNB Bank ASA recorded a solid revenue growth of 8.5% in 2024, which can be attributed to strong demand for its financial services and effective business expansion. The profit growth of 10.2% indicates that the company was able to efficiently manage its costs and increase its profitability.

The return on equity of 11.8% shows that the company is good at converting invested capital into profits, which is a positive signal for investors. This metric is above the industry average, indicating above-average performance.

Additionally, in recent years, DNB Bank ASA has further strengthened its market position and invested in digital innovations to increase its efficiency and attract new customers. These strategic initiatives could further support future growth potential.

Overall, the fundamental metrics and strategic direction suggest that DNB Bank ASA represents an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend yield: 6.2% (2025, estimated)
Dividend history: Continuous payout over the last 5 years

DNB Bank ASA has pursued a consistent dividend policy in recent years and regularly distributed dividends to its shareholders. The estimated dividend yield for 2025 is around 6.2%, which is considered attractive compared to many other banks.

The reliability of DNB Bank ASA's dividend payments is supported by its stable financial performance and strong capitalization. The bank has proven in the past that it is able to pay dividends even in economically challenging times, indicating a solid business strategy and effective risk management.