DNB is strengthening its commitment to sustainable investments with an ambition to fund renewable energy and infrastructure projects worth $52 billion (NOK450 billion) by 2025.
In addition, it aims to finance green property development worth $15 billion (NOK130 billion) over the same period.
Rune Bjerke, group chief executive of DNB, said: “Some see the 'green shift' as a big risk, but we choose to look at it as an opportunity.
“We know that new winning industries will emerge both at sea and on land. We believe that infrastructure and renewable energy will be two such industries. They constitute great business opportunities for DNB if we manage to combine banking products with industry knowledge.”
His comments came as DNB announced profit in the first quarter of $870 million (NOK7,582 million), an increase of $222 million (NOK1,929 million) on the same period last year.
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation.
It has 2.1 million retail customers and more than 200,000 corporate customers in Norway and is the country’s largest internet bank, with more than 1.3 million users.
