DnB Bank Lifts Return-on-Equity Target for 2022-25

By Dominic Chopping

DnB Bank ASA on Tuesday raised its return-on-equity target to more than 13% for 2022-25, from 12% previously.

The Norwegian bank is also targeting a common equity Tier 1 capital ratio--a measure of a bank's financial strength--of more than 17.0% compared with around 17.7% previously, according to a presentation ahead of its capital markets day.

DnB Bank said it is still targeting a cost/income ratio of less than 40% and a dividend payout ratio in excess of 50%.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

11-15-22 0659ET