(Finance) – DNBNorway’s largest financial services group, has registered a useful of 7,785 million NOK (over 750 million euros) in second quarter This is an increase of NOK 1,353 million over the second quarter of last year and NOK 230 million over the first quarter. Despite the market turmoil, i revenues from customer-oriented activities (commissions and fees) remained stable and decreased by 1.9% compared to the historically high level of the corresponding quarter of last year.
“Once again, the Norwegian economy is proving solid in the face of international turmoil – says CEO Kjerstin Braathen – The Norwegian business community is maintaining its momentum and the high level of activity is reflected in all areas of the bank. We also expect investments from Norwegian companies to continue to grow, well above what we are seeing in other countries. “
The growth in volume and the positive effects of repricing following theincrease in the official rate benchmark contributed to an increase in interest margin of the bank of NOK 2,116 million, or 22.5%, from the second quarter of 2021, and NOK 1,079 million, or 10.3%, from the first quarter of this year.
DNB passed the issue milestone of 100 green and sustainability-linked loans to corporate clients since this type of loan was introduced in 2018. This means that the bank has facilitated NOK 302 billion in sustainable financing and is therefore well on track to achieve its goal of financing and facilitating sustainable activities worth NOK 1,500 billion by 2030.