DNB Q3 Shows Positive Momentum in the Norwegian Economy; Cost of Risk Down
DNB ASA (DNB or the Group) reported a net profit attributable to shareholders of NOK 5.3 billion inQ3 2020, up 11.1% Quarter-on-Quarter (QoQ) but down 8% Year-on-Year (YoY). The improvement on
a quarterly basis was supported by impairment reversals on loans and guarantees, on the back of
more positive economic prospects in the Norwegian economy than previously anticipated. The
Group's Return on Equity (ROE) improved to 9.5% QoQ (vs. 8.7% in Q2 2020), but was below the
10.9% ROE reported in Q3 2019.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.