DNB Bank ASA Pre-close call Q3 Transcript
Hello, everyone, and welcome to DNB's Pre Close for the Third Quarter. The objective of this precall is to remind you of what we have communicated, which could have an effect on the third quarter. We will also give you some statistics. That is, of course, public that might help you for the third quarter. As usual, I will go through the NII and the capital and then Anne will do the remaining of the P&L.
I remind you that there is 1 interest day or 1 day of interest more in the third quarter than in the second quarter, which we have said is approximately NOK 125 million. On the volume side, we have some updated statistics from Statistics of Norway. For August, the growth was 3.7% year-over-year. This is down from 4.4% in August 2022. So the trend is a gradual, lower demand for credit in the household. The Central Bank is expecting credit growth for the year as a whole of about 3.7%. We have not seen any significant changes in the competitive landscape for the quarter.
On the corporate banking side, Statistics of Norway has seen credit growth for
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
