DNB realised a strong Q1 on the back of higher NII brought about by the deposit margins generated by higher policy rates. Loan volume and deposit volume growth remained healthy despite some quarterly decline in the deposit margins. Cost of risk was mild amid the reversal, while costs were in line. A request for approval to buy back 2.5% of the share capital was sent to regulator.
27 Apr 2023
Q1: NII growth continues on the back of higher policy rates
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Q1: NII growth continues on the back of higher policy rates
DNB realised a strong Q1 on the back of higher NII brought about by the deposit margins generated by higher policy rates. Loan volume and deposit volume growth remained healthy despite some quarterly decline in the deposit margins. Cost of risk was mild amid the reversal, while costs were in line. A request for approval to buy back 2.5% of the share capital was sent to regulator.