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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  DNB ASA    DNB   NO0010031479

DNB ASA

(DNB)
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Delayed Quote. Delayed Oslo Bors - 10/23 10:25:20 am
140 NOK   +3.59%
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Norway rates seen on hold at zero, but outlook may change - Reuters poll

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09/21/2020 | 04:27am EDT
A woman walks past Norway's central bank building in Oslo

Norway's central bank is expected to keep its key interest rate at a record low zero percent this week, a Reuters poll found on Monday, leaving many economists to focus on any potential shift in the policy outlook.

The 33 participants in the poll were unanimous in predicting no change in rates when the outcome is announced on Sept. 24, in line with the central bank's stated view.

Fearing a collapse of the economy amid the coronavirus outbreak, Norges Bank slashed its policy rate three times this year from 1.5% to zero, and said in May that rates could stay at that level until the end of 2023.

But only a few weeks later, in June, the central bank lifted its outlook for growth and said a rate hike could come in 2022 instead, and some economists now say the monetary policy committee may again alter its forecast.

"We think that the Norges Bank will bring forward the projected start date of policy tightening ... from mid-2022 at present perhaps to mid-2021," Capital Economics wrote on Sept. 17.

This could make Norges Bank among the first in the world to tighten policy after the coronavirus outbreak, Capital Economics noted.

Statistics Norway also recently said it expected rates to begin rising in mid-2021, albeit at a slow pace, as the impact on the economy from the COVID-19 pandemic was somewhat less severe than first thought.

DNB Markets predicted, however, that Norges Bank would stick to its 2022 plan, as set out in June, amid a recent rise in coronavirus infections.

Norges Bank is likely, however, to express concern about the fact that inflation is running above target and that housing prices are rising faster than expected, economists said.

(Polling by Sarmista Sen in Bengaluru, writing by Terje Solsvik in Oslo, editing by Ed Osmond)

By Terje Solsvik


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Financials
Sales 2020 56 496 M 6 118 M 6 118 M
Net income 2020 18 358 M 1 988 M 1 988 M
Net Debt 2020 - - -
P/E ratio 2020 12,1x
Yield 2020 5,38%
Capitalization 210 B 22 636 M 22 691 M
Capi. / Sales 2020 3,71x
Capi. / Sales 2021 3,87x
Nbr of Employees 9 020
Free-Float 57,0%
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Technical analysis trends DNB ASA
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 148,39 NOK
Last Close Price 140,00 NOK
Spread / Highest target 35,7%
Spread / Average Target 5,99%
Spread / Lowest Target -33,6%
EPS Revisions
Managers
NameTitle
Kjerstin Elisabeth Braathen Group Chief Executive Officer
Olaug Svarva Chairman
Ottar Ertzeid Chief Financial Officer
Alf Otterstad Group Executive VP-Information Technology
Jaan Ivar Gjærum Semlitsch Independent Director
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