DNB bank launches share buyback to optimize capital structure

DNB Bank ASA has launched a new share buy-back program covering up to 1.0 percent of its own shares, totaling 14,776,048 shares. This was approved by the Financial Supervisory Authority of Norway, with a condition that total buy-backs do not reduce own funds by more than NOK 4,433 million. The program aims to optimize the company's capital structure, reducing the CET1 ratio by just under 0.4 percentage points.

Up to 0.66 percent of shares (9,752,192 shares) will be bought back on trading venues at prices between NOK 10 and NOK 330 per share, managed by DNB Carnegie, with an end date of February 20, 2026. These purchased shares will be proposed for cancellation at the next annual general meeting.

The remaining 0.34 percent (up to 5,023,856 shares) will be redeemed from the Norwegian Government (NFD) at the same annual general meeting, ensuring NFD's 34 percent ownership interest remains unchanged. The redemption price will match the average price of shares bought back on trading venues, plus interest compensation. The company currently holds 9,752,192 own shares from earlier repurchases.