Slides
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Q3 Results Anssi Huhta, CEO Sakari Järvelä, CFO 30 OCTOBER 2026
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Q3 highlights • Aktia's business developed steadily and AuM reached a new record high of EUR 18.2 billion. • Customer experience received very good ratings in the 2026 EPSI Rating survey. • Comparable operating profit EUR 22.5 million. • Net commission income EUR 31.1 million . • NII development remained stable. NII still down by 6 % y - o - y ; higher rates comes through with a certain delay. • Net income from life insurance was 30% lower than last year mainly due to turbulence in interest rates, affecting result from run - off insurances. • Credit losses of EUR 1.5 million, 59 % lower than last year . • CET1 rose by 0.6 pp during the quarter and is once again close to the upper limit of the target range. 30/10/26 Q3/2026 Results Presentation 2
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Q1 28.7 Q1 18.7 Q2 26.2 Q2 43.7 Q3 27.4 Q3 22.5 Q4 23.7 0.0 20.0 40.0 60.0 80.0 100.0 120.0 2022 2023 2024 2025 2026 Stable result YTD; Q3 impacted by interest rate volatility Comparable operating profit 2022 – 2026 30/10/26 3 Q3/2026 Results Presentation 65.2 EUR million 104.8 124.7 Restated according to the accounting standard IFRS 17 124.5 106.0 84.8
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• AuM reached a new record high of EUR 18.2 billion. • Net sales for the quarter amounted to EUR 124 million, with particularly strong sales in the Private Banking business. • In international sales, assets under management in EMD funds continued to grow, while resources were further strengthened in the DACH region. Record - high assets under management 30/10/26 4 Q3/2026 Results Presentation 13.5 13.9 14.0 15.2 15.3 16.3 16.6 16.6 18.1 18.2 8 12 16 20 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Net Gross EUR billion Assets under Management
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Strategy & b usiness areas 30/10/26 Q3/2026 Results Presentation 5
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T wo complementary engines focusing on growth and scale 30/10/26 6 Q3/2026 Results Presentation Banking Life & Wealth Capital - light S tability
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30/10/26 7 Q3/2026 Results Presentation Systematic customer work strengthens Aktia's competitive position 7 Responsibility 92% +8 pp vs. 2025 Give Aktia a positive rating for responsibility Corporate Banking Reliability 88% +13 pp vs. 2025 Give Aktia a positive rating for wealth management reliability Private Banking Personal service NPS 51 +33 pts vs. 2025 Private Banker NPS Private Banking EPSI 2026 highlights Aktia leads B2B across key customer experience measures #1 Customer satisfaction 79,9 / 100 Corporate Banking Own customer surveys reinforce the findings Customers highlight responsibility, reliability and personal service #1 Loyalty 79,9 / 100 Corporate Banking #1 Service quality 78,2 / 100 Corporate Banking Largest customer satisfaction increase in the comparison Household Banking Positive ratings include satisfied, very satisfied and extremely satisfied responses on a 1 – 7 scale. EPSI shows a strong competitive position, supported by Aktia’s own customer surveys.
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Life & Wealth Q3 Achievements 30/10/26 8 Q3/2026 Results Presentation Both risk insurance and unit - linked insurance developed well, fully in line with our strategy. Record - high assets under management. In international sales, the assets under management in emerging market debt funds continued to grow. International Partners Growth in leasing and hire purchase financing continued. Solid loan portfolio showed its strength: credit losses were once again low at EUR 1.5 million, 59% lower than last year. Demand for investment solutions among private customers in the Premium segment remained good. Banking Customer experience received very good ratings in the 2026 EPSI Rating survey.
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Financial overview 30/10/26 Q3/2026 Results Presentation 9
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Financial summary 30/10/26 Q3/2026 Results Presentation 10 *) The change is calculated in percentage points **) Earnings per share (EPS) has been revised so that the result includes interest expenses (net of tax) on Additional Tier 11 (A T1) capital instruments. The impact was marginally negative. ***) Excl. items affecting comparability Items affecting comparability include additional income from divestment of Visa Europe to Visa Inc and costs for restructurin g. Q3/2026 Q3/2025 ∆ Q2/2026 ∆ 1 – 9/2026 1 – 9/2025 ∆ Comparable operating income 70.4 73.5 - 4% 82.1 - 14% 217.4 220.0 - 1% Net interest income 31.9 34.0 - 6% 33.1 - 4% 97.0 103.9 - 7% Net commission income 31.1 31.2 0% 32.5 - 4% 96.0 92.3 4% Net income from life insurance 5.7 8.2 - 30% 14.1 - 59% 20.9 22.7 - 8% Other income 1.7 0.1 — 2.4 - 31% 3.5 1.0 239% Comparable operating expenses - 46.5 - 42.3 10% - 45.1 3% - 136.0 - 127.9 6% Impairments of credits and other commitments - 1.5 - 3.8 - 59% 6.8 — 3.5 - 9.9 — Comparable operating profit*** 22.5 27.4 - 18% 43.7 - 49% 84.8 82.3 3% Items affecting comparability 4.4 2.1 110% 1.6 168% 6.0 7.1 - 15% Comparable earnings per share (EPS), EUR** 0.23 0.29 - 21% 0.46 - 50% 0.88 0.88 - 1% Comparable return on equity (ROE), % 11.1 12.8 - 1.7* 21.5 - 10.4* 14.0 12.8 1.1* Comparable cost - to - income ratio 0.66 0.58 15% 0.55 20% 0.63 0.58 8% Common Equity Tier 1 capital ratio, % 12.6 13.0 - 0.4* 12.0 0.6* 12.6 13.0 - 0.4*
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4.1 3.3 2.8 3.8 3.5 2.4 2.5 2.5 2.6 2.6 1.6 2.0 - 4.3 7.6 - 0.4 8.2 7.8 1.1 14.1 5.7 -5 0 5 10 15 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Result from run - off insurance contracts & net investment result Result from investment contracts Result from risk insurance contracts Net income from life insurance 30/10/26 Q3/2026 Results Presentation 11 EUR million
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Composition of net commission income 30/10/26 Q3/2026 Results Presentation 12 17.3 17.7 18.0 18.1 18.5 2.8 3.4 3.0 3.1 2.2 6.8 6.8 6.4 6.5 6.1 2.5 2.5 2.5 2.8 2.5 1.8 2.0 2.4 1.9 1.8 31.2 32.3 32.3 32.5 31.1 0 5 10 15 20 25 30 35 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Other Lending Card, payment services and borrowing Asset management and securities brokerage Mutual funds EUR million
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1.0 0.8 1.1 - 0.4 0.4 - 1.4 0.0 5.0 4.3 4.1 3.8 3.7 - 14.7 - 13.6 - 13.3 - 13.0 - 14.1 - 12.9 - 14.8 - 15.0 - 15.9 - 17.9 - 10.3 - 8.6 - 8.5 - 7.9 - 9.4 67.3 66.9 63.5 66.4 69.2 34.0 34.9 32.0 33.1 31.9 -70 -50 -30 -10 10 30 50 70 90 110 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Lending Deposits Covered bonds Senior financing Liquidity portfolio Liabilities to central banks Other (mainly deposits in Bank of Finland) Composition of net interest income 30/10/26 Q3/2026 Results Presentation 13 EUR million
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127.9 2.1 2.3 1.3 2.3 136.0 • Comparable operating expenses 6% higher than last year. • Personnel costs increased mainly due to contractual salary increases. • IT expenses increased mainly due to continued investments in IT infrastructure, and higher costs related to data security and AI. • Depreciation increased by EUR 1.3 million due to higher investments. • Other operating expenses increased partly due to higher costs for purchased services and marketing costs. 30/10/26 Q3/2026 Results Presentation 14 Costs developed as expected and remain under control EUR million Comparable operating expenses 31 Dec 2025 IT expenses Comparable operating expenses 30 Sep 2026 Personnel costs Depreciation Other operating expenses Comparable operating expenses 1 – 9/2026
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50.8 - 2.0 - 1.8 0.4 0.5 0.1 - 8.8 39.1 • The majority of the loan book consists of household loans with residential or real estate collateral . • Annualised net credit losses 7 bps. Robust asset quality: Credit loss provisions EUR - 1.5 million in Q3 30/10/26 Q3/2026 Results Presentation 15 Loan book stage 1 (model - based) Loan book stage 2 (model - based) Loan book stage 3 (model - based and individually assessed) Interest - bearing securities stage 1 (model - based) Realised losses for which write - downs were made in previous years Impairment 31 Dec 2025 Impairment 30 Sep 2026 Change in expected credit losses (ECL) 1 – 9/2026 Interest - bearing securities stage 2 (model - based) Impact on earnings from impairments in the credit portfolio - 3.5 EUR million
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30/10/26 Q3/2026 Results Presentation 16 11.9 12.0 13.0 12.8 13.0 12.6 12.8 12.0 12.6 8.6 8.6 8.6 8.7 8.6 8.6 8.7 8.7 8.7 0 3 6 9 12 15 30 Sep 2024 31 Dec 2024 31 Mar 2025 30 Jun 2025 30 Sep 2025 31 Dec 2025 31 Mar 2026 30 Jun 2026 30 Sep 2026 CET1 Capital ratio CET1 requirement % Buffer CET1 ratio 12. 6 %
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Funding activities • Aktia's liquidity position remained strong, with an LCR of 223% at 30 September 2026. • No new long - term funding transactions were executed during the quarter. • Aktia continues to monitor the senior preferred private placement market in preparation for upcoming refinancing needs. • Aktia Life Insurance has obtained the required approval from the FIN - FSA to call its inaugural Tier 2 instrument issued in November 2021. The instrument will be replaced. 30/10/26 Q3/2026 Results Presentation 17
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S&P Global Ratings affirmed Aktia’s ratings and raised the outlook from negative to stable • On 28 October 2026, S&P Global Ratings revised its outlook on Aktia from negative to stable. • Aktia’s 'A - /A - 2' long - term and short - term issuer credit ratings were affirmed. • The outlook revision reflects • resilient strategic execution, • ability to generate returns, • strong capitalisation , and • the successful stabilisation of leadership. 30/10/26 Q3/2026 Results Presentation 18
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Outlook 2026 (unchanged) 30/10/26 19 Q3/2026 Results Presentation Aktia’s comparable operating profit for 2026 is expected to be approximately at the same level as, or slightly higher than, the comparable operating profit for 2025, EUR 106.0 million. (Published 30 July 2026) • The asset management and life insurance business is expected to develop positively. • Commission income from funds, asset management and securities brokerage is expected to be somewhat higher than in 2025. However, any potential market uncertainty may have a negative impact on the net commission income. • In the life insurance business, the investment contract and insurance service results are expected to be higher than in 2025. However, the total life insurance business result is affected by actuarial assumptions that are updated regularly and by changes in market values, which is typical for the sector. • The banking business result is expected to be slightly lower than in 2025. Net interest income from the banking business is expected to decrease slightly due to the lower level of market interest rates, while the net commission income is expected to be somewhat higher. • The operating expenses are expected to increase, considering the continued investments in IT and the development of the general cost level. • Credit losses are expected to be significantly lower than in 2025, both due to the implementation of the new ECL model and its transitional effect of EUR 8.1 million, as well as to lower individual and model - based impairments. However, the uncertainty in the Finnish real estate sector may affect the development of impairments and expected credit losses. The outlook is based on the following assumptions:
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TwitterFacebook LinkedIn YouTube Facebook LinkedIn YouTube Investor Relations contacts Oscar Taimitarha Director, Investor Relations +358 40 562 2315 oscar.taimitarha@aktia.fi
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Appendices 30/10/26 Q3/2026 Results Presentation 21
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AuM figures 30/10/26 Q3/2026 Results Presentation 22 EUR billion Mandates Fund Assets of which legacy - Taaleri closed - end funds Other* Total Gross AuM QoQ Growth QoQ Growth % Total Net AuM 30 Sep 2025 5.6 9.4 1.3 1.4 16.3 0.4 2.3% 13.5 31 Dec 2025 5.6 9.7 1.3 1.4 16.6 0.3 2.0% 13.9 31 Mar 2026 5.4 9.7 1.3 1.6 16.6 0.0 0.0% 14.0 30 Jun 2026 5.9 10.5 1.3 1.7 18.1 1.4 8.7% 15.2 30 Sep 2026 6.0 10.5 1.2 1.7 18.2 0.1 0.6% 15.3 Assets under Management EUR million Banking Private Banking Institutions, domestic Institutions, international Quarterly total net sales Cumulative net sales Q3 2025 34 8 - 2 8 47 - 141 Q4 2025 27 - 70 - 52 170 74 - 67 Q1 2026 251 - 47 33 19 257 257 Q2 2026 38 - 20 226 132 376 632 Q3 2026 14 85 1 24 124 757 Net Sales
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30/10/26 Q3/2026 Results Presentation 23 Sound funding profile Covered bonds 28.2 % Senior debt 19 .0% Short term + REPOs 2.0% Subordinated debts 1.1% Customer deposits 45.4 % Other long - term loans 0.9% Capital market 3.4% Total 8,865 EUR million
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465 511 455 553 1,953 2,111 1,225 1,004 7,882 7,760 11,980 11,940 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 31 Dec 2025 30 Sep 2026 Lending to the public and public- sector entities Liquidity portfolio Life insurance assets incl. Unit Link Deposits and current account in Bank of Finland Other assets Balance sheet total EUR 11,940 million 30/10/26 Q3/2026 Results Presentation 24 Total assets Total liabilities and equity EUR million EUR million 706 733 528 576 1,845 1,995 4,302 4,068 521 562 4,078 4,006 11,980 11,940 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 31 Dec 2025 30 Sep 2026 Deposits from the public and public-sector entities Liabilities to central banks Liabilities to credit institutions and wholesale deposits Debt securities issued Liabilities from insurance contracts Other liabilities Equity
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Lending to the public and public sector entities 4,968 ; 64% 1,732 ; 22% 1,026 ; 13% 34 ; 0% Households Corporates Housing associations Public entities and non- profit organisations 2,789 ; 70% 921 ; 23% 61 ; 2% 235 ; 6% Households Corporates Housing associations Public entities and non- profit organisations Households account for the majority of lending and deposits 30/10/26 Q3/2026 Results Presentation 25 Deposits from the public and public sector entities Total 7,760 (7,882) EUR million Total 4,006 (4,078) EUR million
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Aktia’s sustainability strategy is built around people, both our customers and our own employees. We want to contribute to well - being and the stability of society, because in a stable society, individuals, companies and organisations can grow and thrive . SUSTAINABILITY TARGETS 2029 Governance People Environment We support the transition to a low - carbon future and protect biodiversity and ecosystems. We have transparent and stable governance and strong business ethics. • Science Based Targets (SBTi) have been validated and we have updated our own medium - term climate targets*** • We have a systematic approach to biodiversity and ecosystems in lending and investments. • Internal trust in good governance at an excellent level.* Our customer and employee experience is one of the best in the industry. *) In 2026, we will use the T - Media Reputation&Trust survey as the metric. Above 4 = excellent, above 3.5 = high. **) In 2026, we will use Upright Project as the metric to measure net impact. The target for 2026 is to increase the net posi tiv e impact of investment funds by 2 percentage points. ***) We will set science - based (SBTi) climate targets and update our medium - term climate targets during H1/2026. Our aim is also to measure how AI supports employee experience. Our employees • eNPS 40 (excellent) • AktiaExperience Index above 4 (excellent) Our products • Improvement of the net impact of investment funds** Our customers • Image and reputation among stakeholders are at a high level* and we improve them continuously.
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