27 April 2023 at 07:51 Big increase in interest income for DNB Total income for DNB in the first quarter of 2023 still amounts to NOK 20.5 billion, compared with NOK 15.1 billion in the same period last year, writes DN. DNB had interest income of over NOK 14 billion, according to NTB. At the end of March, DNB raised the interest rate on housing loans and deposits by up to 0.25 percentage points. This was the highest policy rate since 2008, and the ninth rate hike since autumn 2021. The international market was characterized by unrest and turbulence, points out Norway’s largest bank. But in Norway economic activity continued at a high level. This, combined with a tight labor market and high inflation, has contributed to interest rates being raised, DNB points out in connection with the publication of the first quarter results this year. (NTB-news)
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