Earnings Call Summary | DNB BANK ASA SPON ADR EACH REP 1 ORD SHS(DNBBY.US) Q1 2024 Earnings Conference
Earnings Call Summary | DNB BANK ASA SPON ADR EACH REP 1 ORD SHS(DNBBY.US) Q1 2024 Earnings Conference
A 3.9% deposit growth was recorded with a substantial 7.2% contribution from corporate banking.The following is a summary of the DNB Bank ASA (DNBBY) Q1 2024 Earnings Call Transcript:
以下是DNB银行ASA（DNBBY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
DNB's return on equity was 15.6% for Q1 2024.
Loan growth of 0.7% was observed, largely due to a 2.8% rise in corporate banking.
A 3.9% deposit growth was recorded with a substantial 7.2% contribution from corporate banking.
Net interest income decelerated by 2.9% owing to lower credit growth, product mix effects, and reduced interest days.
Net commission and fees rose 2.6% from a strong preceding quarter, assets under management surpassed NOK1,000 billion.
For Q1, the capital ratio stood at 19%, leverage ratio at 6.2%, and earnings per share increased to NOK6.48.
Impairment provisions for the quarter totaled NOK323 million.
DNB在2024年第一季度的股本回报率为15.6％。
观察到贷款增长了0.7％，这主要是由于企业银行业务增长了2.8％。
存款增长了3.9％，企业银行业务的出资为7.2％。
由于信贷增长放缓、产品组合效应和利息天数减少，净利息收入减速了2.9％。
净佣金和费用较上一季度的强劲增长了2.6％，管理的资产超过了10亿挪威克朗。
第一季度，资本比率为19％，杠杆率为6.2％，每股收益增至6.48挪威克朗。
该季度的减值准备金总额为 NOK323 百万美元。
Business Progress:
业务进展：
The Norwegian economy is expected to exhibit modest growth, with mainland GDP growth projected at 0.8% in 2024 and 1.5% in 2025.
The revitalization in household consumption is forecasted for H2 2024.
DNB plans to increase corporate investments in manufacturing and power supply by 2026 and 2027.
Interest rates are predicted to sustain their high level for a more extended period, followed by a gradual reduction starting from the end of 2024.
Regarding strategy, DNB focuses on its market shifts and the technical integration of Sbanken to reinforce its competitive strength.
In terms of capital, DNB demonstrated a strong position with a core equity ratio of 19% and aims a sustainable cost-income ratio below 40%.
The integration with Sbanken has impacted DNB in terms of improving credit quality and customer numbers and is expected to reduce the gross cost base.
预计挪威经济将呈现温和增长，预计2024年大陆国内生产总值增长0.8％，2025年增长1.5％。
预计2024年下半年家庭消费将复苏。
DNB计划到2026年和2027年增加企业对制造业和电力供应的投资。
预计利率将在更长的时间内维持高水平，随后从2024年底开始逐步降低。
在战略方面，DNB专注于其市场变化和Sbanken的技术整合，以增强其竞争力。
在资本方面，DNB表现出强势地位，核心股本比率为19％，目标是将可持续的成本收入比率保持在40％以下。
与Sbanken的整合在提高信贷质量和客户数量方面对DNB产生了影响，预计将降低总成本基础。
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