DNB Bank ASA (OTCPK:DNBBF)

$ 20.044 -0.316 (-1.55%) Market Cap: 29.37 Bil Enterprise Value: 65.58 Bil PE Ratio: 7.97 PB Ratio: 1.21 GF Score: 73/100

Q4 2022 DNB Bank ASA Earnings Call Transcript

Feb 09, 2023 / 12:30PM GMT

Release Date Price: $18.75 (+0.99%)

Transcript

Operator

Hello, and welcome to the DNB Q4 conference call for investors and analysts. My name is Fryslan. I'll be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to your host, Mr. Rune Helland to begin today's conference. Thank you.

Rune Helland

DNB Bank ASA - Head of IR

Thank you very much, and hello, and welcome to all of you to this DNB's fourth quarter analyst call. Here in Oslo, we are represented by almost the full executive team, including our CEO, Kjerstin Braathen; and CFO, Ida Lerner.

Before we take your questions Ida, I would like to give a summary of the main messages for the quarter. Ida?

Ida Lerner

DNB Bank ASA - CFO

Thank you, and hello, everyone, and thank you for taking the time for this call today. The Norwegian economy continued to grow more than expected in the fourth quarter, and we expect GDP to come in around 3.6% for 2022. The Norwegian Central Bank has increased the key policy rate twice by 25 basis

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