Bank Norwegian

DNB Bank delivered stellar FY 2022 results with growth on many levels, with an enviable ROE and CET-1 ratio and more than 6% dividend yield.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. They managed to increase this from NOK 130.3 at the end of 2018. However, they announced a program to potentially buy back up to 0.5% of the common shares outstanding. It has still been a good place to be invested in the past. In 2022, the division booked a net gain on financial instruments at the fair value of NOK 4.15 billion. From this, you may have to calculate what to pay in regards to a withholding tax in Norway. The payout ratio of dividends from their EPS in 2015 was only 30%. They have been profitable over the years and have a good stream of earnings. They made a small impairment on financial instruments in Q4 of just NOK 674 million. This constitutes 9.28% of the loans. This is the highest we have seen amongst the large banks. We like to look at a company's return on equity.