In a stock exchange announcement, DNB writes: – Now the next phase starts, and among the measures the bank is implementing is centralization and downsizing of staff and support functions. The goal is a reduction in staffing of around 500 man-years over the next six months. In the stock market announcement, the bank writes that it is gearing up for a future with a lower interest rate level and even tougher competition for customers. – Downsizing is not something we take lightly, and we understand that this creates uncertainty among our employees. Therefore, we will emphasize ensuring an orderly process and good dialogue with those who are affected and the elected representatives, says Kjerstin Braathen. Earned a record amount last year In 2023, the bank earned NOK 50.4 billion. It was the highest annual result for DNB ever. The record result is related to the interest rate hikes by Norges Bank. After the interest rate hikes, several banks have made more money, partly because the interest rates on the savings accounts have been lower than the loan interest rates. Published 10.09.2024, at 12.16 Updated 10.09.2024, at 12.32 p.m
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Gearing up for lower interest rates – cutting 500 positions – news Norway – Overview of news from different parts of the country
