Oct 22, 2024 / 11:30AM GMT
Ida Lerner - DNB Bank ASA - Group Chief Financial Officer
(audio in progress)
And inflation levels have come down gradually, but are still at higher levels than what Norwegian Central Bank's long-term targets say.
Wage growth is expected to come in at 5.2% this year, and then gradually come down over the following years to 3.3% in 2027. Due to the strong Norwegian economy and the low unemployment levels, as well as how well the households as well as corporates are upholding, the key policy rate remains unchanged at 4.5% and is expected to remain at this level until March 2025, after which rates are expected to gradually move downwards to 2.75% at year-end 2027.
This quarter, there is a strong performance across the board in the bank. We see strong development and activity levels in all customer segments. Return on equity at 18.9% in the quarter, with a strong activity around the bank; 18% adjusted for a one-off gain from Fremtind/Eika merger, but still then at very high levels.
Net interest income, up 2% from the last quarter, driven by lending growth and increased
Q3 2024 Dnb Bank ASA Earnings Call Transcript
Oct 22, 2024
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