On 11 December, the Norwegian Ministry of Finance announced amendments to the
capital requirements for Norwegian banks that will be implemented 31 December
2020. Compared with the consultation paper, the systemic risk buffer has been
changed for countries outside the European Economic Area. For countries that do
not have systemic risk buffer requirements, the rate is set to zero instead of
previously proposed Norwegian buffer rate. Based on DNB's portfolio as at the
third quarter of 2019, the effective systemic risk buffer requirement will be
approximately 3.1 per cent compared with the previous estimate of 3.9 per cent.

The Ministry of Finance has stated that the purpose of the amendment is to
maintain the solidity of Norwegian banks following the implementation of the EU
legislation (CRR/CRD IV) on 31 December 2019. The Ministry of Finance has, in
this regard, asked Finanstilsynet (the Financial Supervisory Authority of
Norway) to review the connection between Pillar 1 and Pillar 2, including the
Pillar 2 guidance. Based on this, DNB will for now not make any changes to the
previously communicated capital target of 17.9 per cent (CET1).

For further information, please contact:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977
13 250

This information is subject to the disclosure requirements according to Section
5-12 of the Norwegian Securities Trading Act.

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