Investors eye Norway's biggest bank over potential shareholder rewards
Copenhagen
NORWAY'S biggest bank, DNB ASA, has more capital than it needs and will probably start using the excess funds to buy back its own shares.
After topping the European Banking Authority's resilience score (DNB's capital reserves were hardly affected in the stress tests' "adverse" scenario), the Oslo-based lender is now attracting investor interest as analysts predict shareholder rewards ahead.
Barclays analysts estimate DNB will buy back five billion kroner (S$841 million) this year and twice that in 2018. Analysts at Swedbank see about four billion kroner through …
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