|Bid||155.10 x 327700|
|Ask||155.20 x 246400|
|Day's Range||154.60 - 156.00|
|52 Week Range||135.70 - 164.30|
|PE Ratio (TTM)||12.09|
|Earnings Date||Jul 12, 2018|
|Forward Dividend & Yield||7.10 (4.79%)|
|1y Target Est||167.23|
Today we’re going to take a look at the well-established DNB ASA (OB:DNB). The company’s stock saw a double-digit share price rise of over 10% in the past couple ofRead More...
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Norway's $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach. Three of the firms excluded by Norway's fund - Taiwan's Evergreen Marine, Precious Shipping (PSL.BK) and Thoresen Thai Agencies (TTA) (TTA.BK) of Thailand - say they have been unfairly singled out.
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its financial backers. Norway's $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach.
OSLO (Reuters) - The Norwegian government may impose a ceiling on interest rates for consumer loans unless recently imposed regulations help curb a growing trend of small, expensive loans, Finance Minister ...
By Helen Reid and Kit Rees LONDON (Reuters) - Encouraging results and a fall in the euro boosted European stock markets on Thursday, while earnings disappointments weighed on some stocks including Germany's ...
Norway's DNB (DNB.OL), the country's largest bank, reported a better-than-expected net profit in the first quarter on Thursday as it wiped the slate clean of loan losses due to a pick-up in activity in the oil sector, the Nordic country's top industry. While analysts in a Reuters poll had expected loan losses of 604 million crowns ($75.90 million) in the quarter, the bank recorded instead a net reversal of 330 million crowns. DNB cited a number of successful restructurings in the Norwegian oil sector as one of the reasons.
DNB ASA’s profit jumped 24 percent in first quarter as a recovering economy boosted lending and Norway’s biggest bank revered some losses it hat take in the oil industry.
OSLO, April 18 (Reuters) - * Norwegian shares traded up on Wednesday * Oslo's benchmark index rose 1.10 pct, or 9.23 points, setting a new all-time high of 847.03 points. The bourse was up by 2.87 pct ...
Norway’s biggest bank plans to issue less debt in foreign currencies after costs to swap proceeds into Norwegian kroner rose.
Norwegian bank DNB (DNB.OL) maintains its guidance for 2018 lending growth of 3-4 percent, despite an increase in market rates, Chief Executive Rune Bjerke told Reuters on the sidelines of a conference on Tuesday. Norwegian and international interest rates have risen in recent months, and Norway's central bank last week said it will begin to raise its policy rate in August or September, earlier than previously planned. The country's bank regulator last month recommended the government should extend most of the restrictions it imposed last year on mortgage lending, but with some variations.
Many Norwegian companies lag high standards for reporting their impact on the environment that the Nordic nation's $1 trillion wealth fund is championing abroad in 2018. The world's biggest sovereign wealth fund, which is barred by the Norwegian government from investing at home, wants the 9,100 companies in which it holds stakes to submit data on issues such as water use and climate effects to London-based non-profit group CDP, formerly the Carbon Disclosure Project. In Norway, just two firms - DNB (DNB.OL) bank and property firm Entra (ENTRA.OL) - were on a CDP list of 160 "A" rated performers worldwide for disclosure in 2017.
A consortium of buyout groups will pay around a billion euros for Germany's HSH Nordbank [HSH.UL], once the world's largest ship financier, as it emerges from crippling writedowns and state bailouts triggered by the deepest sector slump on record. The bank's regional government owners said on Wednesday they had sealed the sale to buyout groups Cerberus and J.C. Flowers, with investors GoldenTree, Centaurus Capital and Austrian bank BAWAG (BAWG.VI) also taking stakes. The purchase price for 94.9 percent of HSH - which will be renamed upon closing - was roughly 1 billion euros (£884 million), they said.
A consortium of buyout groups will pay around a billion euros for Germany's HSH Nordbank , once the world's largest ship financier, as it emerges from crippling writedowns and state bailouts triggered by the deepest sector slump on record. The bank's regional government owners said on Wednesday they had sealed the sale to buyout groups Cerberus and J.C. Flowers, with investors GoldenTree, Centaurus Capital and Austrian bank BAWAG also taking stakes. The purchase price for 94.9 percent of HSH - which will be renamed upon closing - was roughly 1 billion euros ($1.2 billion), they said.
Germany's HSH Nordbank, formerly the world's largest ship financier, is being sold to private equity firms as it emerges from crippling writedowns and state bailouts amid the deepest sector slump on record. The bank's state owners on Wednesday said that they sealed the sale to a consortium of buyout groups Cerberus and J.C. Flowers, with investors Goldentree, Centaurus and Austrian bank BAWAG also taking stakes. The purchase price for 94.9 percent of HSH is roughly 1 billion euros ($1.22 billion), they said.
Latvia's ABLV Bank, which the European Central Bank (ECB) has ordered wound up, said on Tuesday it had enough assets to cover its liabilities in full under a voluntary liquidation plan. The ECB said at the weekend that privately held ABLV is likely unable to pay its debts or other liabilities as they fall due.
The decision by the European Central Bank to wind up ABLV, Latvia's third biggest bank by assets, is negative for other Latvian banks that are similarly funded, like Rietumu Banka and Norvik Bank, credit rating institute Moody's said in a report. ABLV, a private-held bank whose customers are mostly residents of the Commonwealth of Independent States (CIS), was accused by U.S. authorities of large-scale money laundering earlier this month.
Governments and central banks in the Nordic and Baltic countries have signed a memorandum of understanding to cooperate and coordinate on cross-border financial stability, replacing an earlier deal from 2010, Norway said on Friday. The memorandum is not legally binding, however, Norway's central bank, the finance ministry and the financial supervisory authority said in a joint statement. "The Nordic and Baltic countries have common financial stability interests stemming from potential systemic inter-linkages between their respective countries, justifying enhanced cooperation and coordination in maintaining financial stability," they wrote.
After alternative proposals were unveiled seeking to challenge Seadrill Ltd.’s restructuring plan, one of the oil-rig company’s key banks said any deal will require the participation of billionaire John ...
Corporate bonds are starting to look uncomfortably expensive, according to the head of fixed income at Norway’s biggest bank.
The offshore drilling market will take a long time to rebalance as more consolidation and rig retirements are needed to cut oversupply, according to DNB ASA, Norway’s biggest bank.