– In the ten years I have been here, is it only two years we had lost over 7 billion, says DNB ceo Rune Bjerke to E24.
In 2009, wrote the DNB down the value of loans and guarantees of nok 7.7 billion, and it is the only year where the Bjerke has written of larger values than in the previous year.
In 2016 took the bank losses of 7.4 billion in loans, particularly to companies engaged in drilling and oil rigs and supply vessels.
We assume that the maximum loss for the next three years should be the max 18 billion, ” says Bjerke.
– If we say to keep the stings, so we have up to a little over ten billion over the next two years. And it suggests the that we go in the meet with times where the losses overall are going to go down, ” he says.
So you reckon that you are over the worst?
– We feel more comfortable with our own estimates for each quarter that passes, and we see the trend we believe will come, will come. We also have more visibilitet for the vulnerable engasjementene we have, ” says Bjerke.
Hope to get something back
Should the bank keep the promise to limit the losses on loans to 18 billion between 2016 and 2018, so it must limit the losses of 5.3 billion in cuts this year and next year.
DNB-the numbers will surprise you
DNB has lent out 53 billion to offshore. The losses come specifically with large clients in the energy, offshore and shipping, but the bank hopes to get back some of the money later.
– There are both in connection with the restructuring that has taken place, but it is also because of our own assessment of onerous engagements. So there may well be customers that are not defaults on the loans its where we post the losses as a result of the review we have of the prospects for the future, ” says Bjerke.
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– As these funds are not necessarily lost forever, some of the impairment loss can be reversed?
We really hope that some of this may come back, ” he says.
Hangs after dividend
the Bank’s dividend has nearly tripled since 2011, to 5,70 million shares for 2016.
But measured as a share of the result is DNB far behind the nordic competitors such as Nordea, which pays a dividend that corresponds to around 70 per cent of the result. DNBs dividend of 5,70 million shares equivalent to close to 50 per cent of the profit and loss statement.
– We feel that we are where we should be, that we are going to have to operate at least as efficiently as our competitors to provide as good roi, ” says Bjerke.
– We begin to be more competitive on the dividend, but they are still a little bit in front of us, ” he says.
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