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dnbnor.no
INVESTORRELATIONS
4
Supplementaryinformation forinvestors and analysts
Fourth quarter 2010
(preliminary and unaudited)
 
 
Group Chief Executive
Rune Bjerke
For further information, please contact
Bjørn Erik Næss, Chief Financial Officer bjorn.erik.naess@dnbnor.no +47 2248 2922Halfdan Bakøy, Head of Group Financial Reporting halfdan.bakoy@dnbnor.no +47 9078 2843Per Sagbakken, Head of IR/Long-term Funding per.sagbakken@dnbnor.no +47 2248 2072Thor Tellefsen, IR/Long-term Funding thor.tellefsen@dnbnor.no +47 2294 9388Trond Sannes Marthinsen, IR/Long-term Funding trond.marthinsen@dnbnor.no +47 2294 9376Gunn Gjøsæther, IR/Long-term Funding gunn.gjosaether@dnbnor.no +47 2294 9277
Address
DnB NOR ASA, N-0021 OsloVisiting address: Stranden 21 (Bryggetorget), Aker Brygge, Osloe-mail Investor Relations: investor.relations@dnbnor.noTelefax Investor Relations: +47 22481994DnB NOR switchboard: +47 915 03000
Information on the Internet
DnB NOR's home page dnbnor.no
Financial Calendar 2011
Preliminary results 2010 and fourth quarter 2010 10 FebruaryAnnual general meeting 28 AprilEx-dividend date 29 AprilFirst quarter 2011 6 MayCapital Markets Day, Oslo 15 JuneSecond quarter 2011 12 JulyThird quarter 2011 27 October
 
Fourth quarter 20103
Contents
1.
 
DnB NOR - an overview
................................................................... 5
Financial highlights ................................................................................................ 6DnB NOR - Norway's leading financial services group .................................................. 7DnB NOR's strategy ............................................................................................... 8Legal structure ..................................................................................................... 9Group business structure ...................................................................................... 10Equity-related data .............................................................................................. 11Shareholder structure .......................................................................................... 12Accounting principles etc. ..................................................................................... 13
2.
 
Financial results DnB NOR Group
................................................... 15
Financial results ................................................................................................. 16Net interest income ............................................................................................ 18Net other operating income .................................................................................. 24Operating expenses ............................................................................................. 28Cost programme ................................................................................................. 31Taxes ................................................................................................................ 31Lending ............................................................................................................. 32Write-downs on loans and guarantees .................................................................... 34Capital adequacy ................................................................................................. 40Financial results (detailed) .................................................................................... 42Key figures......................................................................................................... 43
3.
 
Business areas
............................................................................. 45
Business areas
 
– financial performance ................................................................... 46Retail Banking .................................................................................................... 51Large Corporates and International ........................................................................ 57DnB NOR Markets ............................................................................................... 68Insurance and Asset Management ......................................................................... 73DnB NORD ......................................................................................................... 89
4.
 
The Norwegian economy
............................................................... 93
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