DNB Q2 Shows Signs of Recovery; Oil-Related Segment Outlook Remains Challenging
DNB ASA (DNB or the Group) reported a net profit attributable to shareholders of NOK 4.8 billion in Q2 2020, up 33.5% Quarter-on-Quarter (QoQ) but down 19% Year-on-Year (YoY). The sizeable improvement on a quarterly basis was primarily driven by lower impairments on loans and guarantees, on the back of a more benign environment foreseen in the coming quarters compared to expectations in Q1 2020. The Group's Return on Equity (ROE) improved to 8.7% in Q2 2020 from 6.5% in Q1 2020.
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