DnB NORD



About us Key figures Contacts News 2008 2007 2006 December 2006 November 2006 DnB NORD Bankas invests LTL 5 mln. into IT systems upgrade and top data security (29.11.06) DnB NORD presents Economic Survey of Lithuania (22.11.06) DnB NORD village in Burundi (20.11.06) DnB NORD group to produce economic survey of the Baltic rim countries (14.11.06) Bank DnB Nord sponsoring FinanceLab (13.11.06) Consumer Credits in DnB NORD Bankas in an Hour (03.11.06) DnB NOR: Pre-tax operating profits up 15.5 per cent, 12.2 per cent rise in total income (02.11.06) October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 Baltic Rim Economies Weekly Newsletter Issue No. 284 (02.02.10) New management board member (01.02.10) Goal: 400 thousand customers and 1.2 million transactions. Bank DnB NORD develops Monetia – the network of banking agencies (01.02.10) E-Deposits at 6% and 5% (29.01.10) Baltic Rim Economies Weekly Newsletter Issue No. 283 (28.01.10) Baltic Rim Economies Weekly Newsletter Issue No. 282 (20.01.10) Notice of extraordinary general meeting in Bank DnB NORD A/S (15.01.10) Baltic Rim Economies Weekly Newsletter Issue No. 281 (13.01.10) Margrethe Melbye Grønn has been appointed COO for the DnB NORD Group (07.01.10) Baltic Rim Economies Weekly Newsletter Issue No. 280 (06.01.10) Start of evaluation period in Bank DnB NORD (30.12.09) Baltic Rim Economies Weekly Newsletter Issue No. 279 (29.12.09) Baltic Rim Economies Weekly Newsletter Issue No. 278 (23.12.09) Bartosz Chytła appointed CEO at Bank DnB NORD Polska (16.12.09) Baltic Rim Economies Weekly Newsletter Issue No. 277 (16.12.09) Bank DnB NORD and ERGO agree to cooperate (07.12.09) Baltic Rim Economies Weekly Newsletter Issue No. 276 (03.12.09) Baltic Rim Economies Weekly Newsletter Issue No. 275 (26.11.09) Changes to Executive Management at Bank DnB NORD Group (24.11.09) Notice of extraordinary general meeting in Bank DnB NORD A/S (24.11.09) BRE Weekly No. 274 (19.11.09) DnB NORD Economic Research Group: A return to robust economic growth not expected for at least another two years; immediate reforms a top priority (18.11.09) BRE Weekly No. 273 04.11.09 DnB NORD dynamically expands its agency network - Monetia (29.10.09) BRE No. 272 29.10.09 Baltic Rim Economies Weekly Newsletter Issue No. 271 (22.10.09) DnB NORD Banka Q3 2009 financial results (22.10.09) DnB NORD Bankas 9-month results reflect risk costs; income rises (22.10.09) Baltic Rim Economies Weekly Newsletter Issue No. 270 (15.10.09) BRE No. 269 (08.10.09) New DnB NORD Banka Supervisory elected; decision to delist DnB NORD Banka shares from NASDAQ OMX Riga taken (29.09.09) Jekaterina Rojaka appointed Bank DnB NORD Group Chief Economist (29.09.09) Baltic Rim Economies Weekly Newsletter Issue No. 267 (23.09.09) Changes to the management board of DnB NORD Polska (23.09.09) Baltic Rim Economies Weekly Newsletter Issue No. 266 (16.09.09) Baltic Rim Economies Weekly Newsletter Issue No. 265 (09.09.09) Changes in the Management Board of Bank DnB NORD Polska (02.09.09) BRE Weekly No. 263 27.08.09 AB DnB NORD Bankas starts placement of USD denominated Government bonds (24.08.09) BRE Weekly No.262 21.08.09 DnB NORD Poland increases capital (20.08.09) BRE Weekly No. 261 14.08.09 BRE Weekly No. 260 06.08.09 Baltic Rim Economies Weekly Newsletter Issue No. 259 (30.07.09) BRE Weekly No. 258 DnB NORD Banka H1 2009 financial results (21.07.09) BRE Weekly No. 257 DnB NORD Bankas H1 result mirrors sharp economic downturn (10.07.09) DnB NOR: Sound operations and strengthened capital adequacy (10.07.09) BRE Weekly No. 256 BRE Weekly No. 255 Basketball victories to lift DnB NORD Basketball deposit ™ rates (02.07.09) Baltic Rim Economies Weekly Newsletter Issue No. 254 (26.06.09) Bank DnB NORD to focus on core markets (25.06.2009) Condolences to the family of Dr. Vadimas Titarenko, Head of DnB NORD's Economic Research Team (23.06.09) Full house at DnB NORD Bankas Lithuania Economic Outlook forum in Vilnius (19.06.09) Labour market hardest hit by Lithuanian economic downturn say DnB NORD economists (19.06.09) BRE Weekly No. 253 Bank DnB NORD Polska to increase capital (17.06.09) Baltic Rim Economies Weekly Newsletter Issue No. 252 (12.06.09) BRE Weekly No. 251 BRE Weekly No. 250 BRE Weekly No. 249 Bank DnB NORD, the main sponsor of the Copenhagen Marathon, wishes all participants good luck (09.05.18) Bank DnB NORD Group Business Report 2008 now available (18.05.09) BRE Weekly No. 248 DnB NORD Banka Q1 2009 financial results BRE Weekly 06.05.09 DnB NORD Bankas Q1 results reflect a conservative risk valuation approach (06.05.09) Sound performance in DnB NOR (06.05.09) 'The early bird gets the worm': DnB NORD Bankas in Lithuania opens its 22nd Vilnius outlet...with the earliest opening hours (04.05.09) DnB NORD wins Global Trade Review's Continent Award for its CABEI-Suzlon transaction (01.05.09) Bank DnB NORD adjusts strategy in Denmark(24.04.2009) Baltic Rim Economies Weekly Newsletter Issue No. 246 (23.04.09) Highlights of DnB NORD's Economic Research Group's latest publication "Baltic Rim Economies 2009: By country" Baltic Rim Economies Weekly Newsletter Issue No. 245 (20.04.09) BRE Weekly 09.04.09 Fitch affirms high DnB NORD Bankas creditworthiness rating (13.04.09) BRE Weekly 03.04.09 Bank DnB NORD increases its holdings in Lithuania (30.03.09) “Expedition for more – Financing during tough times” - DnB NORD in Poland takes conference participants from the depths of the financial crisis to the heights of Earth's highest peaks (27.03.09) BRE Weekly 26.03.09 BRE Weekly 18.03.09 Annual report and accounts for 2008 for DnB NOR ASA (17.03.09) Recognizing an extraordinarily unique transaction (16.03.09) DnB NORD’s partnership with EIB provides more opportunities to businesses (13.03.09) BRE Weekly 12.03.09 DnB NOR named among world's safest banks by Global Finance Magazine (11.03.09) BRE Weekly 04.03.09 DnB NORD Bankas' in Lithuania launches strategic initiative to become a financial guide to its customers (27.02.2009) BRE Weekly 27.02.09 Baltic Rim Economies Weekly Newsletter Issue No. 236 (12.02.09) Baltic Rim Economies Weekly Newsletter Issue No. 237 (19.02.09) Healthy profits for DnB NOR in 2008 (12.02.09) DnB NORD-sponsorsed ice rink (and children's drawing contest) a great success during the European Capital of Culture 2009 celebrations in Vilnius (13.02.09) DnB NORD’s Cross-border banking products and services expand to cover Luxembourg and Switzerland (10.02.2009) Baltic Rim Economies Weekly Newsletter Issue No. 235 (04.02.09) DnB NORD’s Economic Research Group presents at the European Commission Conference ‘2009 – Year of Creativity and Innovation: Challenges and Possibilities” (29.01.2009) Baltic Rim Economies Weekly Newsletter Issue No. 234 (29.01.09) Baltic Rim Economies Weekly Newsletter Issue No. 233 (23.01.09) 500 guests officially say farewell to Dr. Rehm, retiring Chairman of the Board of Management (22.01.09) DnB NOR - financial performance and future prospects (21.01.09) BRE Weekly 15.01.09 Bank DnB NORD A/S announces voluntary takeover bid of remaining AB DnB NORD Bankas shares (14.01.09) Join DnB NORD in celebrating Vilnius as the European Capital of Culture (09.01.08) BRE Weekly 07.01.09 DnB NORD Bankas in Lithuania strengthens its business activities in Kaunas (07.01.09) DnB NORD Poland doubles factoring turnover in 2008 (06.01.09)	Economic Survey of Lithuania (22.11.06) Vilnius. The growth of the average gross monthly salary is expected to outpace labour productivity expansion next year, analysts of the DnB NORD Bankas say. DnB NORD Bankas analysts forecast that 2007 will be the third year running when the average salary growth will exceed 10 percent a year while labour productivity, as well as gross domestic product (GDP) in real terms, is expected to grow by about 5.5 percent. „Labour force will become more expensive even in the case Lithuanian economy slows down, since previously salaries have been growing at a slower pace then the nominal GDP. At the same time the lack of the labour is getting more and more obvious.” – prof. Rimantas Rudzkis, the chief analyst of DnB NORD Bankas said during presentation of the latest Economic Survey of Lithuania. The professor noted, that the desire of labour unions to push the average wages in Lithuania to match the European Union (EU) average as soon as possible is understandable however lacks economic ground due to a gap in labour productivity. The only way average wages in Lithuania to encompass that of the EU, is to pro rata increase productivity thus augmenting the revenue of enterprises. “It is easy to calculate, that even in case the last years profit paid out as dividends by all Lithuanian companies would have been used to raise salaries, the overall increase in average income to each working individual would represent only a few hundred litas ”, - prof. R.Rudzkis said. To constrain labour force outflow and narrow the gap between national and EU-15 average salaries it is important to speed up modernisation of the economy through efforts aimed at attracting more foreign direct investment and eliminating unnecessary labour market restrictions. “Instead of opposing the option to increase the amount of working hours per week mutually agreed by an employee and the employer, it would more rational to impose an adequate overtime rates and introduce reliable measures against possible employers’ abuse of such an agreement like granting the right to trade unions to veto the company’s management unilateral decision to extend working hours,” –prof. R.Rudzkis said. DnB NORD bank analysts also pointed out, that the first signs of the slowdown in economic development, as predicted earlier, became apparent in the third quarter of 2006: strong growth of exports lost its momentum, the real estate fever started to recede and bank credits to businesses and households grew at a more moderate pace “As the borrowing boom has calmed down, the economic growth will slowdown, as the economy suffers from severe shortages of labour resources while improvement in productivity in the absence of significant foreign investment is unlikely. No one doubts that development and modernisation of production of traditional goods (and services) contributes to strengthening the economic potential. However, following this route makes it more difficult to create high added value due to the low input of new knowledge, stronger competition and high dependency on the prices for raw materials and energy,” prof. R.Rudzkis added. Comparing the development of the three Baltic states – Lithuania, Latvia and Estonia, the DnB NORD analysts stressed, that despite the cheapest credits, Lithuanian economy grew at a slowest pace, while maintaining the lowest rate of inflation. Key macroeconomic indicators of the Baltic countries ¹⁾ Forecast (as of early 2006) ²⁾ End of period ³⁾ Labor force survey ⁴⁾ In Latvia arithmetical mean of the long-term and short-term interest rates on loans ⁵⁾ September ⁶⁾ October