In a year of changes, DNB retained main performance indicators, net income increased

DNB Bank group, the part of the biggest Norwegian financial services group DNB, boosted net income by 18.3 per cent (up to 22.8 million EUR) and increased the value of leasing portfolio by 12,7 per cent (up to 160 million EUR) in a full year 2016. Meanwhile other crucial bank’s performance indicators remained stable – bank’s assets were up by 2 per cent (to 3.98 billion EUR), deposit portfolio increased by 5.7 per cent and reached 2.48 billion EUR, loan portfolio remained almost unchanged – 2.75 billion EUR (0,2 per cent down).

Bank’s profitability was also positively affected by 6.4 per cent decrease in operating and other expenses (totaled 67.3 million EUR in a full year).
 
“In retrospective, we can assume that 2016 was a year of changes – we reformed our customer service structure, moved to the new headquarters, started reforming the core of pricing system and last, but not least, we announced about the merger plans of DNB and Nordea in Baltic states. These changes did not affect the stability of the bank’s performance. In contrary – we managed to increase net income and mastered operating expenses. These are the factors that witnesses the professionalism and cohesion of the team”, - said Bjørnar Lund, President and Chairman of the Board.
 
According to him, the segment of private individuals was the most successful segment for DNB last year. It has been driven by the positive marked expectations and increase in domestic consumption. Bank loans portfolio for private customers increased by 7.8 per cent and exceeded 1.5 billion EUR, also deposits of private individuals grew by 6.9 per cent up to 1.35 billion EUR.
 
In a year 2016 bank gained 114.1 million EUR of income in total – 8.7 per cent more than in 2015. Within the year DNB paid 3.79 million EUR in taxes – 57.6 % more than in 2015.
 
In accordance with the proper risk management policy, bank follows all of the prudential requirements issued by the Bank of Lithuania.