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

Q2 2023 DNB Bank ASA Earnings Call Transcript

Jul 12, 2023 / 11:30AM GMT

Release Date Price: $19.06 (-0.96%)

Transcript

Operator

Hello, and welcome to the DNB Q2 Conference Call. My name is Valeria, and 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 so much. Hello, everyone, and welcome to DNB's Second Quarter Analyst Call. Around the table here in Oslo, we are gathered, most of the Executive Team, including Kjerstin, Ida, Ingjerd and Harald. And they are ready to answer your questions.

Ida will start by giving the highlights from the quarter and then we will open up for question. Ida?

Ida Lerner

DNB Bank ASA - Group CFO

Yes. Thank you all for dialing in.

I thought I'll start with a bit of the macro update. The Norwegian economy continues to show resilience and has continued to grow during the quarter, however, at a somewhat lower pace than previously. We expect growth to come in at around 1.2% for the year

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