DNB Bank to Launch Up to NOK4.8 Billion Share Buyback

01:57 AM EDT, 07/14/2026 (MT Newswires) -- DNB Bank (DNB.OL) said Tuesday it plans to launch a buyback program for up to 14,406,648, or 1%, of its shares to reduce its common equity tier 1 ratio and optimize its capital structure. The Financial Supervisory Authority of Norway approved the program on the condition that the lender will not spend more than 4.76 billion Norwegian kroner for the share purchases. Up to 9,508,388 shares will be acquired on trading venues at a per-share price of 10 kroner to 400 kroner, and up to 4,898,260 shares will be repurchased from the Norwegian government at the same price. The program will run until Oct. 16, with shares acquired under the scheme to be proposed for cancellation at the bank's next annual general meeting.