DNB håvet inn 2,76 milliarder kroner på kundenes innskudd

DNB allocated 2.76 billion Norwegian kroner towards customer deposits, despite lower interest rates compared to mortgage loans. Professor Gisle J. Natvik from BI University questioned the bank's explanation, calling it "absurd." DNB's Chief Operating Officer Kjerstin Braathen responded to the criticism, stating that the bank has set the deposit interest rate, but not as high as some competitors.

Braathen acknowledged that customers are increasingly conscious and are moving deposits to products with better conditions. She explained that DNB has different products for different purposes, such as current accounts for short-term savings and savings accounts structured to encourage longer-term savings. DNB generated 720 million kroner more in deposit interest than in the same quarter last year, while loan interest income for customers decreased by 1.41 billion kroner.

Braathen explained that income from interest is a combination of loan and deposit income, and that loan income has been lower for a long time. She noted that DNB has set deposit rates 0.05 percentage points lower than the previous highest rate of 4.5%. While this may seem insignificant per account, it can amount to a considerable sum for the bank.