Q2 2023 DNB Bank ASA Earnings Call (Pre-close) Transcript
Good afternoon, everyone, and welcome to DNB's second quarter results call. And just to remind you, the objective of this call if we remind you of what we have communicated, which could be relevant for the Q2 results. So there's no new information.
So we'll now give some publicly available market data related to the second quarter. We'll start with the NII and the capital and Anna will go through the rest of the P&L. Going directly to NII. First of all, there's one more interest day, which has an effect of approximately NOK 120 million. On the volume side, credit volume, we, of course, will maintain our long-term targets of 3% to 4% annual growth. On the first all banking side, we do see a gradual lower demand in Norway. And in April 2022, there was an annual growth of 4.9%. In April 2023, it was reduced to 4.1%. The Central Bank expected credit growth for household for the year 2023 is 3.7%. On the corporate banking side, statistics of Norway for April year-on-year is up 7.5%, but maybe more importantly, month-over-month, so from March to April, there
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