Interim report
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Q2 2026 Unaudited Sparebanken Norge arebeni Sparebanken Norge parebanken Norge Norge Spareturkey Norge Sparebanken Norg Sparebank Norge KE TJENESTER Uives Ele Sparebank Spareb Scoreborker West Spare N taken
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Table of Contents Board of Directors report ...................................................................................................................................................................................................... 4 Report for Q2 2026 ............................................................................................................................................................................................................ 6 Second Quarter 2026........................................................................................................................................................................................................ 6 Development in lending and deposits ....................................................................................................................................................................... 11 Risk and capital factors .................................................................................................................................................................................................. 13 Business in subsidiaries and associated companies ......................................................................................................................................... 19 Post balance sheet events ........................................................................................................................................................................................... 22 Outlook................................................................................................................................................................................................................................. 23 Financial highlights, Group................................................................................................................................................................................................ 26 Income statement................................................................................................................................................................................................................... 28 Statement of comprehensive income......................................................................................................................................................................... 29 Balance sheet............................................................................................................................................................................................................................ 30 Cash flow statement .............................................................................................................................................................................................................. 31 Changes in equity................................................................................................................................................................................................................... 32 Note 1 Accounting policies............................................................................................................................................................................................... 34 Note 2 Segment information........................................................................................................................................................................................... 35 Note 3 Classification of financial assets and liabilities....................................................................................................................................37 Note 4 Net interest and credit commission income.......................................................................................................................................... 39 Note 5 Net other operating income ............................................................................................................................................................................ 40 Note 6 Operating expenses.............................................................................................................................................................................................. 41 Note 7 Losses on loans, guarantees, unused credit facilities and loan approvals......................................................................... 42 Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval.................................... 43 Note 9 Breakdown of gross lending between different stages of IFRS 9............................................................................................ 48 Note 10 Defaults and non-performing loans ......................................................................................................................................................... 49 Note 11 Loans by sector and industry........................................................................................................................................................................ 50 Note 12 Deposits by sector and industry.................................................................................................................................................................. 51 Note 13 Valuation hierarchy for financial instruments at fair value ......................................................................................................... 52 Note 14 Capital adequacy................................................................................................................................................................................................. 54 Note 15 Key information about equity certificate .............................................................................................................................................. 56 Note 16 Securitised debt and subordinated loan capital ............................................................................................................................... 58 Profit development – year-to-date (group) ............................................................................................................................................................. 59 Q2 2026 | Table of Contents Unaudited 2
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Profit development – isolated (group) ........................................................................................................................................................................ 60 Balance sheet development (group) ............................................................................................................................................................................ 61 Explanation of key figures/alternative performance measures – group................................................................................................ 62 Q2 2026 | Table of Contents Unaudited 3
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Board of Directors report Sparebanken Sør and Spar ebanken Vest merged with accounting effect from 2 May 2025 and formed Sparebanken Norge. The result in the comparative figures before the merger date was included in the opening balance sheet of Sparebanken Norge and thus does not form part of the comparative figures. As a consequence of the merger, Brage Finans AS also became a subsidiary of the bank, which from that time was fully consolidated into the consolidated accounts of Sparebanken Norge. The result in the comparative figures associated with the former Sparebanken Vest's ownership interest in Brage Finans AS is included in the reported result, while the result in the comparative figures before the merger date associated with the ownership interest of the former Sparebanken Sør and the minor ity interest is not reflected in the comparative figures as they were included in the opening balance sheet. Sparebanken Norge and Oslofjord Sparebank merged with accounting effect from 1 December 2025. The result so far this year in Oslofjord Sparebank, at the time of the merger, was included in the opening balance sheet. Results from the portfolio of the former Oslofjord Sparebank are therefore only part of the reported results for 2025 from the period from the legal merger date of 1 December 2025. Selected pro forma figures are made available in the bank’s quarterly presentations and in the Factbook published on the bank’s website. Q2 2026 | Board of Directors report Unaudited 4
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Q2 2026 • Good return on equity of 14.0 (17.1 ) % for the quarter • Solid net interest income of NOK 2,529 (2,365) million for the quarter • Good underlying development results in net commission income of NOK 521 (437) million for the quarter • Low cost-to-income ratio of 31.5 (27.8 ) % despite merger costs amounting to approximately NOK 26 million during the quarter • Continued low impairments on loans and guarantees of NOK 33 (180) million in the quarter • CET1 ratio of 18.1 (18.4 ) %, well above the capital adequacy target of 15.9 % Key Figures Q2 2026 Q2 2025 YTD 2026 YTD 2025 2025 Pre-tax profit (NOKm) 2,252 2,137 4,364 3,552 8,110 Profit per equity certificate 3.87 4.33 8.35 9.03 16.78 Net interest (annualised) 1.67 % 1.86 % 1.72 % 1.84 % 1.87 % Cost/Income ratio 31.5 % 27.8 % 31.7 % 27.7 % 29.8 % Return on equity (annualised) 14.0 % 17.1 % 15.0 % 18.7 % 15.9 % Return on equity adjusted for merger effects 16.0 % 19.0 % 17.2 % 19.9 % 17.6 % Common Equity Tier 1 ratio (1) 18.1 % 18.4 % 18.1 % 18.4 % 17.5 % 1) The CET1 ratio at the end of Q2 2026/2025 includes 50% of the profit year-to-date in line with the dividend policy. The CET1 ratio without profit accumulation was 17.3 (17.7) %. Q2 2026 | Board of Directors report Unaudited 5
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Report for Q2 2026 Table 1: Main figures NOKm Q2 2026 Q2 2025 YTD 2026 YTD 2025 2025 Net interest income and credit commissions 2,529 2,365 5,170 3,898 9,400 Commissions receivable and income from banking services 629 529 1,153 873 2,041 Commissions payable and cost of banking services 109 92 197 138 298 Net banking services 521 437 956 735 1,743 Income from owner interests in group companies 189 175 269 251 483 Net gain/(loss) on financial instruments 96 228 190 291 360 Other operating income 4 2 6 4 19 Net other operating income 810 842 1,420 1,281 2,604 Net operating income 3,339 3,207 6,590 5,179 12,004 Salaries and general administration expenses 865 726 1,699 1,180 2,876 Depreciation 109 85 222 135 353 Other operating expenses 79 79 168 121 354 Total operating expenses 1,053 890 2,090 1,437 3,582 Profit before write-downs and tax 2,286 2,317 4,500 3,742 8,422 Write-downs and losses on loans and guarantees 33 180 136 190 312 Profit before tax 2,252 2,137 4,364 3,552 8,110 Taxes 486 441 581 524 1,536 Profit for the period 1,766 1,696 3,783 3,028 6,574 Second Quarter 2026 Sparebanken Norge recorded a pre-tax profit of NOK 2,252 (2,137) million for Q2 2026. The bank’s return on equity (ROE) was 14.0 (17.1) %. Figure 1: Development in ROE as % Q2 2026 | Board of Directors report Unaudited 6
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17.1%17.1% 14.5%14.5% 13.5%13.5% 16.1%16.1% 14.0%14.0% Q2 25 Q3 25 Q4 25 Q1 26 Q2 2026 0.0% 2.5% 5.0% 7.5% 10.0% 12.5% 15.0% 17.5% 20.0% Net interest income amounted to NOK 2,529 (2,365) million. Net interest as a percentage of average assets under management was 1.67 (1.86) %. The lending margins in the retail and corporate markets in the banking group measured against the average 3-month Nibor rate were 0.58 (1.00) and 2.13 (2.53) percentage points, respectively, in the quarter. The deposit margins in the retail and corporate markets in the banking group measured against the average 3-month Nibor rate were 1.74 (1.39) and 1.11 (1.06) percentage points, respectively, in the quarter. Periods of significant shifts in interest rate expectations and interest rate adjustments may have a temporary impact on margins. Net commission income amounted to NOK 521 (437) million in the quarter. Underlying growth remains solid in payment services, insurance commissions and asset management income. The second quarter is also seasonally strong for the real estate brokerage business. Q2 2026 | Board of Directors report Unaudited 7
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Table 2: Net commission income NOKm Q2 2026 Q2 2025 YTD 2026 YTD 2025 2025 Guarantee commissions 19 19 38 37 79 Fees from payment transfers 140 111 275 181 483 Income from insurance 74 56 156 90 307 Commission income from savings and investment products 43 35 87 64 147 Commission income from asset management 57 31 103 59 135 Real estate broking commission 193 169 307 253 534 Other commissions and fees -5 15 -9 52 58 Commission income and income from banking services 521 437 956 735 1,743 The net contribution from financial instruments amounted to NOK 96 (228) million in the quarter. The result for the quarter is positively impacted by valuation effects resulting from reduced credit spreads on bonds in the liquidity portfolio, as well as customer trading in derivatives through the bank’s Markets operations. Table 3: Financial instruments NOKm Q2 2026 Q2 2025 YTD 2026 YTD 2025 2025 Dividend 2 17 24 17 42 Gain/(loss) on shares -2 76 11 94 89 Gain/(loss) on commercial papers and bonds* 47 53 26 43 8 Gain/(loss) on financial instruments, recognised at fair value* 7 34 11 57 152 Gain/(loss) on customer and own trading 50 54 88 88 154 Net gain/(loss) on financial instruments designated for hedge accounting -8 -5 31 -1 -77 Other -1 -1 -2 -8 -8 Net gain/loss on financial instruments 96 228 190 291 360 *The value adjustment of derivatives used to manage interest and currency risk is distributed between the financial instruments they are managed together with. Operating expenses as a percentage of net operating income amounted to 31.5 (27.8) %. Nominal operating expenses for the quarter amounted to NOK 1,053 (890) million. Merger costs related to the mergers between Sparebanken Sør and Sp arebanken Vest, as well as with Oslofjord Sparebank, amounted to approximately NOK 26 million during the quarter. Adjusted for merger costs, the cost-to- income ratio would have been approximately 30.8 %. Depreciation increased by NOK 24 million compared with the same quarter in 2025, mainly related to amortization of excess values arising from the previously mentioned mergers, amounting to NOK 44 million. Q2 2026 | Board of Directors report Unaudited 8
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Table 4: Operating expenses NOKm Q2 2026 Q2 2025 YTD 2026 YTD 2025 2025 Payroll expenses including empl. nat.ins.contributions 497 395 986 640 1,624 Pension expenses 50 36 86 61 174 Other personnel expenses 30 35 62 52 122 External fees 64 63 114 120 221 IT expenses 188 154 373 244 600 Marketing 37 43 77 65 135 Payroll and general administration expenses 865 726 1,699 1,180 2,876 Depreciation 109 85 222 135 353 Operating expenses, premises 8 12 30 21 35 Wealth tax 0 0 0 0 70 Other operating expenses 71 67 138 100 248 Total other operating expenses 79 79 168 121 354 Total operating expenses 1,053 890 2,090 1,437 3,582 The number of full-time equivalents (FTEs) in the Group was 1,649 (1,621). Overall, Sparebanken Norge has 2 more FTEs in its banking operations at the end of the second quarter this year compared to the same quarter last year. This includes approximately 45 FTEs that have been added in connection with the merger with Oslofjord Sparebank and expansion of market areas to Oslo, Tromsø, T ønsber g and Nordmør e. Brage finans has 18 FTEs more compared with the same quarter last year. Within real estate brokerage, Eiendomsmegler Norge has 6 more FTEs at the end of the second quarter of 2026 compared with the same period last year. Table 5: Number of full-time equivalents (FTEs) Quarterly Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Number of full-time equivalents (Group) 1649 1,660 1,644 1,605 1,621 The overall profit contribution from associated companies amounted to NOK 189 (175) million in the quarter. The breakdown between the companies is shown in the table below. See the section on business in subsidiaries and associated companies for a more detailed description of the development in the individual companies. Table 6: Associated companies NOKm Q2 2026 Q2 2025 YTD 2026 YTD 2025 2025 Frende Holding 180 150 222 157 381 Norne Securities 2 5 6 4 9 Brage Finans (subsidiary after the merger) 0 18 0 68 68 Balder 0 0 33 20 21 Other companies 6 3 7 2 4 Net profit from associated companies 189 175 269 251 483 Total impairments on loans and guarantees amounted to net NOK 33 (180) million in the quarter, of which NOK 100 million was an increase in specific loan loss provisions and write-offs and NOK 67 million was a reversal of model-based loss provisions. A substantial part of the decrease in model-based provisions (and corresponding increase in individual provisions) is related to a reallocation of provisions Q2 2026 | Board of Directors report Unaudited 9
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from model-based to individual assessment for one specific Stage 3 exposure. Brage Finans AS accounts for net write-downs of NOK 37 million of the total for the quarter. See the section on risk and capital factors and Notes 8, 9 and 10, which describe the impairments and the development in default of payment. Q2 2026 | Board of Directors report Unaudited 10
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First half-year 2026 Sparebanken Norge recorded a pre-tax profit of NOK 4,364 (3,552) million for the first half year. The return on equity was 15.0 (18.7) %. Net interest income amounted to NOK 5,170 (3,898) million. Net interest as a percentage of average assets under management was 1.72 (1.84) %. Net commission income amounted to NOK 956 (735) million. Underlying performance is particularly strong in asset management revenues and savings and investment products, as well as in revenues from insurance sales and payment services. The contribution from financial instruments amounted to NOK 190 (291) million. The financial income in the first half of 2026 was positively impacted by customer-driven derivatives trading through the bank’s Market business. In addition, the result benefited from fair value effects related to both the bank’s liquidity portfolio and issued debt securities, as well from gains and dividend income on the bank’s equity instruments. Associated companies contributed of NOK 269 (251) million. The increase compared to the same period last year is mainly explained by a higher contribution to profits from Frende Holding. Total operating expenses for the first half-year amounted to NOK 2,090 (1,437) million. Operating expenses as a percentage of net operating income amounted to 31.7 (27.7) %. Merger-related costs associated with the mergers between Sparebanken Sør and Sp arebanken Vest, as well with Oslofjord Sparebank, amounted to approximately NOK 49 million in the first half of the year. Adjusted for these merger-related costs, the cost-to-income ratio would have been approximately 31.0 %. Depreciation and amortization expenses increased by NOK 87 million compared with the first half of 2025, of which NOK 88 million relates to the amortization of fair value adjustments as a result of the mergers. Impairment losses on loans and guarantees amounted to NOK 136 (190) million, of which NOK 339 million related to increases in specific loss provisions and realized losses, while NOK 203 million represented a reversal of model-based loss provisions. Of the total impairment losses recognized in the first half of the year, Brage Finans Group accounted for a net NOK 54 million. Development in lending and deposits Gross lending increased by NOK 41.7 (190.3) billion to NOK 504.9 (463.2) billion from Q2 2025, corresponding to year-on-year growth of 9.0 (69.7) %. Growth in lending in the quarter amounted to 2.1 (69.7) %. Table 7: Lending growth Q2 2026 | Board of Directors report Unaudited 11
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Growth last 12 months Growth last quarter Lending total 9.0 % 2.1 % Lending retail customers 9.3 % 2.1 % - of which Bulder 3.8 % 2.1 % Lending corporate customers 8.2 % 2.3 % Gross lending to retail customers amounted to NOK 352.1 (322.0) billion, corresponding to lending growth of 9.3 (54.7) % for the past 12 months and 2.1 (46.2) % for the last quarter. Seen in isolation, lending growth in the retail market portfolio, excluding Bulder, was around 6.9 (68.7) % for the past 12 months and 2.1 (62.7) % for the quarter. The underlying development in lending growth to retail customers is good, with increased sales capacity, improved performance and higher market growth making a positive contribution. Seen in isolation, lending through the Bulder concept amounted to NOK 77.6 (65.4) billion at the end of the quarter. Lending growth in the Bulder concept amounted to NOK 12.2 (9.3) billion for the past 12 months and NOK 1.4 (2.9) billion for the last quarter. Loan growth in Bulder was somewhat muted during the last quarter compared with previous quarters. Gross lending to corporate customers amounted to NOK 152.9 (141.2) billion, corresponding to lending growth of 8.2 (118.2) % for the past 12 months and 2.3 (102.7) % for the last quarter. The bank observes good customer activity across different industries and there is good underlying demand for credit from corporate customers. Deposits from customers amounted to NOK 231.1 (220.9) billion, corresponding to year-on-year growth of 4.6 (64.6) %. Growth in deposits in the quarter amounted to 4.0 (63.6) %. Table 8: Growth in deposits Growth last 12 months Growth last quarter Deposits total 4.6 % 4.0 % Deposits retail customers 8.6 % 5.9 % - of which Bulder 3.3 % 1.7 % Deposits corporate customers -0.6 % 1.4 % Deposits break down as follows: NOK 136.5 (125.8) billion from retail customers and NOK 94.6 (95.1) billion from corporate customers. Deposit growth from retail customers, excluding Bulder, amounted to 6.2 (64.1) % for the past 12 months and 5.1 (63.4) % for the quarter. The volume of deposits in the Bulder concept increased by NOK 4.2 (5.9) billion for the past 12 months and NOK 2.2 (2.4) billion for the last quarter. An increasing number of customers are using Bulder for their day-to-day banking. The deposit-to-loan ratio in Bulder seen in isolation was 30.4 (29.7) % at the end of the quarter. Q2 2026 | Board of Directors report Unaudited 12
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The growth in deposits from corporate customers was -0.6 (70.3) % over the last 12 months and 1.4 (79.5) % in the quarter. Changes related to tax withholding accounts are affecting deposit developments in the quarter. In addition, underlying deposit growth from corporate customers is affected by price competition, especially on larger deposits. The breakdown between deposits and lending is specified in Notes 11 and 12. Risk and capital factors Sustainability Sparebanken Norge’s sustainability strategy sets out a long-term target of net-zero emissions by 2040. Sparebanken Norge will make active efforts to reduce emissions from its own operations and from its lending portfolio. In 2026, the Bank published its annual report in accordance with the EU’s Corporate Sustainability Reporting Directive (CSRD). The Bank works systematically with sustainability in its own operations and across the value chain and has high ambitions for the establishment of sustainability-linked loans for the corporate market. Key performance indicators supporting this work have been established. Credit risk At the end of the quarter, retail customers accounted for approximately 70 (70) % of the bank’s credit portfolio. Loans secured by residential mortgages account for 96.7 (99.6) % of this portfolio. Defaults and other credit-impaired exposures to retail customers amounted to a total of NOK 940 (761) million. This corresponds to 0.27 (0.24) % of gross lending to retail customers and supports continued low risk in the portfolio. The increase is moderate and mainly driven by gradual weakening of the loan portfolio’s debt-serving capacity, in line with rising living costs and higher interest expenses. Defaults and other credit-impaired exposures to corporate customers amounted to a total of NOK 3,599 (2,399) million, which corresponds to 2.35 (1.70) % of gross lending to corporate customers. The increase is due to increased uncertainty within property development, beyond this the increase is company specific. In isolation, the second quarter recorded a NOK 67 million decrease in non- performing and impaired loans. Defaults and other credit-impaired exposures came to 0.90 (0.68) % for retail and corporate customers combined. Figure 2 – Defaults and other credit-impaired exposures Q2 2026 | Board of Directors report Unaudited 13
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761761 797797 738738 840840 940940 2,3992,399 2,5872,587 2,5342,534 3,6663,666 3,5993,599 0.68%0.68% 0.71%0.71% 0.67%0.67% 0.91%0.91% 0.90%0.90% Retail customers Corporate customers Share of gross lending Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 0 1,000 2,000 3,000 4,000 5,000 0.64% 0.72% 0.80% 0.88% 0.96% 1.04% Defaults in relation to gross lending are shown in Note 10. Overall capitalised impairments amounted to NOK 2,086 (2,061) million at the end of the quarter. The loan loss provision ratio, defined as the ratio of total provisions to defaults and other credit-impaired exposures as a percentage of gross lending, came to 46 (65) %, providing a good basis for continued low losses. Q2 2026 | Board of Directors report Unaudited 14
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Figure 3 – Capitalised write-downs and loan loss provision ratio (as a percentage of defaults and other credit-impaired exposures of gross lending.) Capitalised write-downs (MNOK) Write-downs as % of default ands other potential bad debts 430430 433433 428428 622622 660660 1,6311,631 1,6171,617 1,6291,629 1,4931,493 1,4261,426 65%65% 61%61% 63%63% 47%47% 46%46% Individual write-downs Model based write-downs Write-downs as % of defaults and other credit-impaired exposures Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 0 500 1,000 1,500 2,000 2,500 20.0% 40.0% 60.0% 80.0% 100.0% The ratio was 43 (73) % for retail customers and 47 (63) % for corporate customers. The level of provisions is considered robust overall. Market risk The bank’s interest rate and currency risk are managed within the risk tolerance adopted by the Board and are considered low. The bank is exposed to credit spread risk through the management of interest-bearing securities in the bank’s liquidity portfolio. The portfolio primarily consists of securities issued by sovereign states, housing credit companies, municipalities and county authorities. The bank’s credit spread risk amounted to NOK 564 (671) million at the end of the quarter. The bank’s stock market exposure (excluding subsidiaries and associates) amounted to NOK 528 (513) million at the end of the quarter. Liquidity and funding The Group’s liquidity situation is managed at an overarching level through the liquidity coverage ratio (LCR) framework, stress tests and the deposit-to-loan ratio. At the end of the quarter, the Group had an LCR of 191 (173) %. The bond portfolio amounted to approximately NOK 61 (71) billion. The bank’s Q2 2026 | Board of Directors report Unaudited 15
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deposit-to-loan ratio was 45.9 (47.9) % at the end of the quarter, while the net stable funding ratio (NSFR) was 123 (120) %. During the quarter, the bank issued bonds of approximately NOK 27 billion, consisting of covered bonds (OMF) in NOK, EUR and SEK, senior preferred bonds in NOK and EUR, senior non-preferred bonds in NOK, and subordinated debt in NOK. Total capital market funding amounts to NOK 300 (277) billion, with an average remaining maturity of 3.0 (2.8) years. Covered bonds account for approximately 73 (74) % of the bank’s capital market funding at the end of the quarter. Rating In November 2025, Moody’s confirmed the parent bank’s ratings for long-term deposits, senior unsecured debt and counterparty risk at Aa3. The rating of the bank’s senior non-preferred debt was also confirmed at A3. Both ratings have a stable outlook. Covered bonds issued by Sparebanken Norge Boligkreditt are also rated by Moody’s and have an Aaa rating. Moody’s has also awarded Sparebanken Norge Boligkreditt a corporate credit rating of Aa3 for senior unsecured debt in local currency and counterparty risk in both local and foreign currency. The ratings have a stable outlook in line with the parent bank’s rating. The bank’s equity certificate (SBNOR) The profit per equity certificate was NOK 3.87 (4.33) for the quarter. At the end of the quarter, book equity per equity certificate amounted to NOK 112.6 (108.1). The price of the equity certificate at the same time was NOK 185.8 (160.1), giving a price-to-book ratio at the end of the quarter of 1.65 (1.48). Dividend policy Sparebanken Norge’s objective is to achieve results that provide a competitive return on the bank’s equity. The profit for the year after tax will be divided between the equity certificate capital and primary capital in proportion to their relative share of the bank’s equity (the owner fraction). The equity certificate holders’ share of the profit is divided between dividend and the equalization reserve, while the primary capital’s share of the profit is divided between the social dividend, customer dividend and the bank’s primary capital. Considering the bank’s capital adequacy, strategy and development, the goal is for approx. 50 % of the year’s profit to be distributed to dividend funds. The potential for development and growth that creates value for the bank’s owners, the expected profit development in a normalized market situation, external framework conditions and the need for core capital will be considered when determining dividend. The bank’s dividend policy will form the basis for the resolutions proposed by the Board to the General Meeting. Q2 2026 | Board of Directors report Unaudited 16
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Capital adequacy The bank’s consolidated CET1 ratio was 18.1 (18.4) %1 at the end of the quarter. This is unchanged from the first quarter. Earnings accumulation during the quarter, together with a positive risk development in the corporate portfolio, contributes positively to the CET1 ratio. The Bank’s current requirement for Common Equity Tier 1 (CET1) capital ratio is 14.9 %, consisting of a combined minimum and buffer requirement of 14 % and a supervisory, bank-specific Pillar 2 requirement of 0.9 %. With a CET1 capital ratio of 18.1 %, the Bank has a margin of 3.2 percentage points above the requirement at the end of the quarter. The Board has adopted a capital adequacy target of 15.9 % for CET1 capital that also takes into account a margin of 1.0 percentage points, in addition to all regulatory minimum, buffer and Pillar 2 requirements. At the end of the quarter, the bank had a margin of about 2.2 percentage points to its capital adequacy target. The Ministry of Finance has determined that Sparebanken Norge is to be classified as a systemically important financial institution (SIFI) with effect from 31 March 2027. Sparebanken Norge manages its capital adequacy based on a solvency target that incorporates the applicable buffer requirements at any given time and will therefore include the 1 percentage point buffer requirement for systemically important institutions with effect from that date. 1 The CET1 ratio at the end of Q2 2026/2025 includes 50% of the profit for the year to date in line with the dividend policy. The CET1 ratio without profit accumulation was 17.3 (17.7) %. Q2 2026 | Board of Directors report Unaudited 17
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Figure 4: Capital adequacy * *The percentage above the bars shows total capital adequacy at the end of each quarter. 18.4%18.4% 18.1%18.1% 17.5%17.5% 18.1%18.1% 18.1%18.1% 2.1%2.1% 2.0%2.0% 2.0%2.0% 2.1%2.1% 2.2%2.2% 2.6%2.6% 2.5%2.5% 2.8%2.8% 2.6%2.6% 2.5%2.5% 23.2%23.2% 22.7%22.7% 22.3%22.3% 22.8%22.8% 22.9%22.9% CET1 Additional Tier 1 capital Tier 2 Capital 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% The leverage ratio was 7.2 (7.2) % 2 at the end of the quarter. The bank meets the current regulatory minimum requirement (3 %) by a good margin. 2 The leverage ratio at the end of Q2 2026/2025 includes 50% of the profit for the year to date in line with the dividend policy. The leverage ratio without profit accumulation was 6.9 (6.9) %. Q2 2026 | Board of Directors report Unaudited 18
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Figure 5: Leverage Ratio 7.2%7.2% 7.3%7.3% 7.2%7.2% 7.5%7.5% 7.2%7.2% 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 0% 1% 2% 3% 4% 5% 6% 7% 8% The bank’s capital adequacy is specified in Note 14. Business in subsidiaries and associated companies Subsidiaries Eiendomsmegler Norge (100 % holding) is a real estate brokerage company that is the result of the merger between Sør megleren AS and Eiendomsmegler Vest AS. The merger was completed on 1 November 2025, with accounting effect from 2 May 2025. The company is a leading player in Southern and Western Norway and continues to expand its distribution capacity in partnership with the bank. Eiendomsmegler Norge recorded a pre-tax profit of NOK 36 (36) million in the second quarter and NOK 37 (49) million in the first half-year. The second quarter is seasonally a strong quarter, with healthy activity across the market area. The overall result for the first half-year is somewhat affected by start-up costs related to expansion into new geographical markets, as well as slightly lower market shares. In Western Norway, Eiendomsmegler Norge AS has a market share of 11.5 (13.5) % in the quarter and 11.5 (13.3) % year-to-date. In the Agder counties, the company has a market share of 25.3 (25.3) % in the quarter and 24.7 (26.7) % year-to-date. Sparebanken Norge Boligkreditt (100 % holding) manages gross loans (mortgages) in the amount of NOK 235.4 (213.1) billion. At the end of the first half-year, the company issued covered bonds in the amount of NOK 219.0 (205.2) billion. Q2 2026 | Board of Directors report Unaudited 19
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Brage Finans (71.73 % holding) is a nationwide financing group that offers leasing and loans secured by the purchased object to the corporate and retail markets. The subsidiary Factoring Finans AS offers factoring, invoice purchasing and credit insurance. The services are distributed through banks, capital goods agents and their own sales organisation. At the end of the quarter, Brage Finans had a gross lending portfolio of NOK 32.6 (28.7) billion, corresponding to year-on-year growth of 14 (16) %. The pre-tax profit amounted NOK 164 (160) million for the second quarter and NOK 337 (304) for the first half-year. Return on equity after tax amounted to 10.9 (11.5) % in the quarter and 11.2 (10.9) % in the first half-year. Net interest income for the quarter amounted to NOK 279 (249) million and NOK 559 (484) for the first half-year. The increase is mainly the result of portfolio growth. The cost-to-income ratio is 24.7 (26.1) % for the quarter and 26.6 (27.8) % in the first half-year. Losses and impairments amounted to NOK 37 (19) million for the quarter and NOK 54 (35) million for the first half of the year. The increase in losses during the quarter is primarily attributable to a limited number of individual customer exposures and does not reflect a broader deterioration in the underlying portfolio. At the end of the quarter, Brage Finans’s consolidated CET1 ratio was 17.1 (16.8) %, while the requirement was 15.0 (15.0) %. Frende Kapitalforvaltning (85 % holding) holds 70 % of the shares in the management company Borea Asset Management AS. Borea Asset Management AS manages securities funds in stocks and bonds. Higher distribution through owner banks and proprietary channels contributed to solid development in both business volumes and profitability in the quarter and the first half of the year. The pre-tax profit recognized in Sparebanken Norge Group amounted to NOK 21 (4) million for the quarter and NOK 35 (7) million in the first half-year. This includes amortization of excess values related to the acquisition of Borea Asset Management AS. Associated companies The share of profit from associated companies has been recognized according to the equity method, amounting to NOK 189 (175) million for the quarter. Frende Holding (67.18 % holding, divided between 49.99 % of A shares and 100 % of B shares) is the parent company that manages the ownership of the wholly owned subsidiaries Frende skadeforsikring AS and Frende Livsforsikring AS. The companies offer a wide range of insurance products to the corporate and retail markets. The insurance products are distributed through the owners’ extensive branch networks, through other companies in the Frende family, and via Frende’s own direct channels such as the online store and customer center. Q2 2026 | Board of Directors report Unaudited 20
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Frende Holding AS recorded a pre-tax profit of NOK 347 (308) million in the second quarter and NOK 438 (348) for the first half-year. Invested funds delivered solid returns in the second quarter, and the financial result for the quarter amounted to NOK 136 (155) million, including interest expenses related to subordinated debt. For the first half-year, the financial result totalled NOK 163 (228) million, corresponding to a return of 2.43 (3.74) per cent on actively invested funds. Frende Skadeforsikring AS recorded a pre-tax profit of NOK 269 (243) million in the second quarter, and NOK 341 (266) million in the first half-year. The company has a total of NOK 3,942 (3,430) million in premiums, and a market share of 3.7 (3.4) % in the non-life insurance market in Norway by the end of the previous year. The loss ratio is 65.6 (65.8) % and the combined ratio is 79.6 (81.3) % in the second quarter. For the first half-year, the figures are respectively 71.0 (74.6) % and 86.4 (91.4) %. The improvement in the loss ratio compared with the previous year is mainly driven by stronger profitability in motor and property. Provisions for distributor profitability commissions have increased significantly from the same period last year, thereby pushing the loss ratio upward. Frende Livsforsikring recorded a pre-tax profit of NOK 80 (66) million for the second quarter and NOK 100 (85) million for the first half-year. The life insurance business recorded a risk result for the first half- year weaker than expected, due to run-off losses related to older cohorts. Nevertheless, the risk results for the quarter showed a significant improvement compared with the same period last year. At the end of the second quarter, the portfolio premium amounted to NOK 952 (834) million. The bank’s share of profits from Frende Holding AS was NOK 180 (150) million for the quarter and NOK 222 (157) million for the first half-year. Norne Securities (49.99 % holding) is a securities firm owned by savings banks. The company offers investment services to the savings banks and their customers, in both the corporate and retail markets. Norne Securities has built a strong position as a financial advisor and product company for savings banks. Customer activity among retail clients in equity and mutual fund trading is high. In Investment Banking, there is still a high level of activity in advisory services to the strategically important savings bank sector. The bank’s share of profits from Norne Securities AS was NOK 2 (5) million for the second quarter and NOK 6 (4) for the first half-year. Balder Betaling (73.54 % holding, divided between 49.99 % of A shares and 100 % of B shares) is a company that exercises ownership of Vipps Holding AS on behalf of Sparebanken Norge and other savings banks. Sparebanken Norge is the biggest owner of Balder Betaling AS. Balder Betaling AS has a holding of 8.9 % in Vipps Holding AS, which owns 72.2 % of the shares in Vipps MobilePay AS and 100 % of Stø AS (f ormerly BankID BankAxept). Q2 2026 | Board of Directors report Unaudited 21
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The bank’s share of profits from Balder Betaling amounted to NOK 0 (0) million for the quarter and NOK 33 (20) for the first half-year. The result is entirely due to the revaluation of the shares in Vipps Holding AS. Post balance sheet events No significant events have taken place since the balance sheet date that affects the quarterly accounts. Q2 2026 | Board of Directors report Unaudited 22
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Outlook Market area The second quarter has been marked by international turmoil, dominated by the conflict between the United States and Iran. This conflict has restricted access to oil in the global market, resulting in high prices for both oil and other goods. There has been, and continues to be, considerable uncertainty regarding how long the conflict and the shortage of oil will persist. It is clear that global oil inventories have been significantly reduced, and the process of replenishing them will lead to higher-than-normal oil prices even after the military conflict and the attacks on maritime shipping have come to an end. For the Norwegian economy, the high oil price provides increased revenues for the government, as well as continued strong activity in the petroleum sector and its supplier industries. A weaker global economy points towards lower interest rates also in Norway, while the effects of high oil prices—thr ough global price growth and strong domestic activity—pull in the dir ection of a higher policy rate. In May, Norges Bank raised the policy rate from 4.0 to 4.25 percent but kept the rate unchanged at the June meeting. In the June Monetary Policy Report, the central bank signalled that it will likely be necessary to raise the rate further at one of the upcoming meetings. Norges Bank’s rate path now lies slightly above 4.5 percent at year-end. The background is that inflation has proven more difficult to bring down than the Bank had anticipated before the turn of the year. In June, the twelve-month growth in both the consumer price index and core inflation (CPI-ATE) did fall to 2.7 percent. Developments in energy prices, the krone exchange rate, and wage growth will be decisive ahead of the autumn rate meetings. Activity in the Norwegian economy remains high, but we are seeing some easing of pressures, and firms report that it has become easier to recruit labour. At the same time, employment has increased, and registered unemployment remains at a very low level. The persistently high interest rate level means that real estate, construction, and civil engineering stand out with low activity and weak prospects. Sales of new homes have remained at a very low level since 2023, contributing to growing imbalances in the housing market. The second-hand housing market remains resilient, but at the end of June the twelve-month growth in house prices was only 3.9 percent nationwide. Prices have risen most clearly in Western Norway and Northern Norway, while price growth in Eastern Norway has been close to zero. In the bank’s main market areas, price growth has been in the upper range, with 9.6 percent in Rogaland, 10.3 percent in Vestland, 6.3 percent in Mør e og Romsdal, and 6.1 percent in Agder. Continued high savings and rising real incomes indicate that households’ financial capacity to purchase housing is gradually strengthening. However, the high interest rate and expectations of further rate increases continue to dampen investment appetite. In the short term, there is therefore little to suggest a strong upswing in residential construction. Once interest rates eventually fall and confidence in both the national and personal economy improves, there is reason to expect housing demand to increase. Q2 2026 | Board of Directors report Unaudited 23
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Sparebanken Norge The Board is satisfied with the bank’s performance, growth and development in the first half-year of 2026. Return on equity exceeds target and the financial strength is solid. The Board has set a target for return on equity after tax of 13 %, as well as a relative target of being among the top three savings banks. Furthermore, the Board has established a target for Return on Equity, adjusted for merger effects, of 15 %, along with a relative ambition of being among the top two savings banks on this metric. In addition, the Board has set a target for the cost/income ratio at Group level, excluding merger-related costs, of below 30 %. The target payout ratio is approximately 50 %. The target for CET1 ratio is 1.0 percentage points above the sum of all minimum and buffer requirements. This corresponds to 15.9 % based on current regulatory requirements. Significant operating costs and capital synergies have been targeted for Sparebanken Norge. The Board has set these synergy targets at NOK 425 million and NOK 3.4 billion, respectively, and, in addition to the previously communicated targets, the merger with Oslofjord Sparebank is now also included. In addition to delivering on the bank’s operational targets, the clear ambition is to realise synergies according to plan. The operating cost synergies are expected to have full effect by the end of 2027, while the capital synergies are expected to be fully phased in by the end of 2028. Integration costs are expected to be incurred in the period up to the first half of 2027, which will have a mitigating effect on the bank’s overall ROE. The bank’s ambition is to keep integration costs below NOK 380 million, and integration costs related to Oslofjord Sparebank are also included in the estimate. The market will be kept up to date with the potential synergies and integration costs as interim figures are presented. The 2026 growth ambitions for the retail and corporate markets are 6 % and 8 % on loans and 5 % for deposits (both markets), including growth in new market areas. The target for the Bulder concept is NOK 86 billion at the end of 2026. The target for Brage Finans AS is above 12 % portfolio growth in 2026. Sparebanken Norge must be capital-efficient, but at the same time be sufficiently capitalised to handle fluctuations in its framework conditions and portfolio. Allocations will be based on the bank’s dividend policy and adapted to the bank’s profit performance, growth ambitions and regulatory requirements. In the short term, Sparebanken Norge will calculate capital requirements linked to the bank’s lending portfolio partly in line with the IRB method and partly in line with the standard method. As of 31 March 2027, Sparebanken Norge will be required to meet the 1 percentage point buffer requirement for systemically important financial institutions. The buffer requirement results in a higher capital target for the bank, which must be considered in the capital planning. Despite high market interest rates on funding, significant merger-related costs, and limited impact from merger synergies prior to 2027/2028, the Board considers that achieving the principal financial targets remains within reach in 2026. Norges Bank’s interest rate change, effective from the first half of July 2026, is expected overall to have a positive impact on the bank’s net interest margin Q2 2026 | Board of Directors report Unaudited 24
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The government-appointed savings bank committee, which submitted its report to the government last year, was established to investigate how to safeguard and strengthen equity certificates and the Norwegian savings bank model. However, the committee has proposed numerous legislative amendments that pose a threat to the unique savings bank model and could trigger significant structural changes, diminish banks’ local roots and increase bank concentration. The proposed amendments would do away with many of the unique properties of savings banks and in practice facilitate a large-scale conversion of saving banks into limited liability banks. The proposals include eliminating the possibility of paying customer dividends, making it easier to convert savings banks into limited liability banks and changing the distribution of loss between equity certificate capital and primary capital, and undermine community ownership through dilution arising from equity issuances below a price-to-book ratio of 1. Together with several other savings banks, Sparebanken Norge has submitted a consultation response to the committee’s proposals. The banks` view is that the committee’s proposal should be discarded in its entirety, while the Norwegian authorities engage in dialogue with the EU to secure the capital position of equity certificates, in line with the recommendation of the unified financial industry. Declaration from the Board of Directors and the CEO pursuant to Section 5-6 of the Securities Trading Act We hereby declare that, to the best of our knowledge, the interim accounts for the period 1 January to 30 June 2026 have been prepared in accordance with applicable accounting standards and that the information in the accounts gives a true and fair picture of the company and the Group’s assets, liabilities, financial position and overall performance. Kristiansand, 11 August 2026 The Board of Directors of Sparebanken Norge Knut Ruhaven Sæthr e Chair Magne Morken Deputy Chair Mariann Vågnes R eite Agnethe Brekke Geir Bergskaug Gunnar Skeie Stig Standal Taule Marianne Dorthea Jacobsen Kristin Rø yrbotten Axelsen Mette Harv Erik E. Tønnesen Hans Arthur Frigstad Tina Maria Kvale Jan Erik Kjerpeseth CEO Q2 2026 | Board of Directors report Unaudited 25
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Financial highlights, Group Change Summary of profit and loss Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Q2 26 vs Q1 26 Q2 26 vs Q2 25 Net interest and credit commission income 2,529 2,365 5,170 3,898 9,400 -112 164 Net commission income and income from banking services 521 437 956 735 1,743 86 84 Income from associated companies 189 175 269 251 483 110 15 Net gain/(loss) on financial instruments 96 228 190 291 360 2 -132 Other operating income 4 2 6 4 19 2 2 Net operating income 3,339 3,207 6,590 5,179 12,004 88 132 Operating expenses 1,053 890 2,090 1,437 3,582 17 163 Impairment losses on loans and guarantees 33 180 136 190 312 -69 -146 Profit/loss before tax expense 2,252 2,137 4,364 3,552 8,110 140 115 Tax expense 486 441 581 524 1,536 390 45 Profit/loss for the period 1,766 1,696 3,783 3,028 6,574 -250 70 Equity certificates share of profit/loss divided by the number of equity certificates 3.87 4.33 8.35 9.03 16.78 Q2 2026 | Financial highlights, Group Unaudited 26
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Key figures Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Profitability Return on equity after tax 14.0 % 17.1 % 15.0 % 18.7 % 15.9 % Return on equity adjusted for merger effects (see APM) 16.0 % 19.0 % 17.2 % 19.9 % 17.6 % Net interest as a percentage of average total assets 1.67 % 1.86 % 1.72 % 1.84 % 1.87 % Net other operating income as a percentage of net operating income 24.9 % 26.9 % 22.1 % 25.3 % 22.2 % Operating expenses as a percentage of net operating income (cost- income) 31.5 % 27.8 % 31.7 % 27.7 % 29.8 % Operating expenses as a percentage of net operating income, corrected for financial instruments 32.5 % 29.9 % 32.6 % 29.4 % 30.8 % Losses and defaults Losses on loans as a percentage of gross lending 0.05 % 0.08 % 0.06 % Non-performing exposures (>90 days) as a percentage of gross lending (period end) 0.27 % 0.28 % 0.27 % Credit-impaired exposures as a percentage of gross lending (period end) 0.90 % 0.68 % 0.67 % Balance sheet figures and liquidity 30.06.26 30.06.25 31.12.25 Total assets 599,086 568,117 581,715 Average total assets 588,302 494,611 586,106 413,717 489,016 Gross loans to customers 504,914 463,247 487,477 Lending growth, last 12 months 9.0 % 69.7 % 72.1 % Customer deposits 231,117 220,906 225,640 Deposit growth, last 12 months 4.6 % 64.6 % 67.0 % Deposit coverage 45.9 % 47.9 % 46.5 % Liquidity Coverage Ratio (LCR) 191 % 173 % 197 % Capital adequacy Risk-weighted balance sheet total 219,189 202,908 213,538 Core Tier 1 capital adequacy 18.1 % 18.4 % 18.1 % 18.4 % 17.5 % Core capital adequacy 20.3 % 20.5 % 19.5 % Capital adequacy, transitional arrangement 22.8 % 23.2 % 22.3 % Leverage ratio 7.2 % 7.2 % 7.2 % Personnel Number of full-time equivalents 1,649 1,621 1,644 Number of branch offices 71 67 68 The equity certificate Owner fraction on balance sheet date 40.9 % 40.4 % 41.0 % Weighted owner fraction in the period 41.0 % 40.6 % 40.5 % Equity cert. Capital's share of profit/loss divided by no of equity certificates (NOK) 3.87 4.33 8.35 9.03 16.78 Book equity per equity certificate 112.6 108.1 116.5 Listed price of equity certificate 185.8 160.1 198.1 Price-to-book 1.65 1.48 1.70 Q2 2026 | Financial highlights, Group Unaudited 27
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Income statement PARENT BANK GROUP 2025 01.01- 30.06.25 01.01- 30.06.26 Q2 25 Q2 26 Notes Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 12,776 5,530 7,194 3,232 3,665 Interest income from asset valued at amortised cost 6,816 5,899 13,387 9,880 23,463 3,535 1,495 1,864 903 950 Interest income from asset valued at fair value 1,002 1,190 2,033 2,041 4,485 9,481 4,109 5,259 2,408 2,705 Interest expenses and similar expenses 5,289 4,725 10,250 8,022 18,548 6,829 2,916 3,799 1,727 1,911 Net interest income and net credit commission income 4 2,529 2,365 5,170 3,898 9,400 1,665 883 758 479 388 Commission income and income from banking services 629 529 1,153 873 2,041 233 115 120 69 70 Commission expenses and expenses relating to banking services 109 92 197 138 298 1,338 106 76 106 76 Income from ownership interests in associated companies 189 175 269 251 483 227 183 240 153 149 Net gain/(loss) on financial instruments 96 228 190 291 360 17 1 4 1 3 Other operating income 4 2 6 4 19 3,014 1,059 958 670 546 Net other operating income 5 810 842 1,420 1,281 2,604 9,843 3,975 4,757 2,396 2,456 Net operating income 3,339 3,207 6,590 5,179 12,004 2,263 957 1,319 575 656 Payroll and general administration expenses 865 726 1,699 1,180 2,876 304 117 192 72 94 Depreciation 109 85 222 135 353 211 59 84 36 36 Other operating expenses 79 79 168 121 354 2,778 1,134 1,595 683 786 Total operating expenses 6 1,053 890 2,090 1,437 3,582 7,065 2,841 3,162 1,713 1,670 Profit before impairment and tax 2,286 2,317 4,500 3,742 8,422 206 129 99 117 -9 Impairment losses on loans and guarantees 7,8 33 180 136 190 312 6,859 2,712 3,064 1,596 1,679 Pre-tax profit 2,252 2,137 4,364 3,552 8,110 1,313 614 319 348 381 Tax 486 441 581 524 1,536 5,546 2,098 2,744 1,248 1,298 Profit for the period 1,766 1,696 3,783 3,028 6,574 1,993 2,596 2,596 1,184 1,222 Allocated to equity classes 1,637 1,601 3,530 2,890 6,213 246 105 148 63 76 Allocated to Additional Tier 1 capital 87 74 169 116 278 0 0 Allocated to minority interests 43 21 84 23 83 0 0 0 0 14.31 6.23 6.14 3.23 2.89 Profit/Diluted profit per equity certificate 3.87 4.33 8.35 9.03 16.78 Q2 2026 | Income statement Unaudited 28
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Statement of comprehensive income PARENT BANK GROUP 2025 01.01- 30.06.25 01.01- 30.06.26 Q2 25 Q2 26 Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 5,546 2,098 2,744 1,248 1,298 Profit/loss for the period 1,766 1,696 3,783 3,028 6,574 -6 0 0 0 0 Estimate variance, pensions 0 0 0 0 -6 -99 -42 -31 -41 -80 Changes in fair value due to credit risk – debt securities issued -135 -35 -97 -247 -397 0 0 0 0 0 Base margin from hedging instruments related to hedge accounting -63 -11 -35 30 77 26 11 8 10 20 Tax on other profit/loss elements 46 11 29 49 75 -79 -32 -23 -31 -60 Total other comprehensive income in the period after tax -152 -35 -104 -168 -251 5,467 2,067 2,721 1,217 1,238 Total profit for the period 1,614 1,662 3,679 2,860 6,323 Q2 2026 | Statement of comprehensive income Unaudited 29
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Balance sheet PARENT BANK GROUP 31.12.25 30.06.25 30.06.26 Notes 30.06.26 30.06.25 31.12.25 Assets 86 64 555 Cash and receivables from central banks 555 64 86 28,236 42,225 43,148 Loans to and receivables from credit institutions 17,012 14,736 5,412 233,957 219,997 235,307 Loans to and receivables from customers 8,9,10,11 503,026 461,454 485,743 493 504 520 Shares, units and other equity instruments 528 513 501 70,922 65,741 70,811 Commercial papers and bonds 61,102 70,515 69,915 5,621 6,047 5,174 Financial derivatives 4,381 9,344 8,272 17,445 16,481 17,346 Shareholdings in group companies 2,096 2,097 2,114 Shareholdings in associated companies 3,180 2,740 2,971 0 0 0 Deferred tax assets 0 0 0 148 134 148 Pension assets 161 148 161 5,670 5,600 5,571 Other intangible assets 6,099 6,151 6,208 1,195 1,110 1,193 Tangible fixed assets 1,340 1,262 1,349 1,494 261 329 Prepaid expenses 334 256 305 334 324 802 Other assets 1,367 934 792 367,695 360,587 383,017 Total assets 599,086 568,117 581,715 Liabilities and equity 22,725 30,056 30,238 Deposits from and liabilitiest to credit institutions 9,970 15,639 8,815 225,788 221,003 231,245 Deposits from and liabilities to customers 12 231,117 220,906 225,640 29,382 22,575 37,554 Debt securities issued 16 269,723 246,371 257,880 7,137 8,064 5,506 Financial derivatives 2,906 1,082 965 379 309 303 Accrued expenses and pre-paid income 486 510 602 386 199 337 Pension obligation 353 214 401 1,218 359 634 Tax liabilities 824 378 1,325 129 174 136 Deferred taxes 1,027 683 959 318 264 195 Other provision for commitments 8 197 268 322 21,451 21,007 19,914 Senior non-preferred bonds 16 19,914 21,007 21,451 5,544 5,369 5,249 Subordinated loan capital 16 5,628 5,800 5,973 2,157 4,122 2,544 Other liabilities 2,997 4,617 2,630 316,613 313,501 333,856 Total liabilities 545,143 517,473 526,964 4,332 4,240 4,332 Equity certificates 15 4,332 4,240 4,332 -1 -9 -2 Own equity certificates -2 -9 -1 9,305 8,879 9,305 Premium reserve 9,305 8,879 9,305 3,571 3,564 3,633 Equalisation reserve 3,633 3,564 3,571 17,206 16,674 17,268 Total equity certificate capital 17,268 16,674 17,206 19,140 19,114 19,239 Primary capital 19,239 19,114 19,140 150 150 150 Gift fund 150 150 150 5,517 5,377 5,517 Compensation fund 5,517 5,377 5,517 24,807 24,641 24,906 Total primary capital 24,906 24,641 24,807 27 27 0 Reserve for unrealised gains 5,222 1,962 2,572 Other equity 5,458 4,028 7,264 Minority interests 1,436 1,059 1,194 3,820 3,782 4,415 Hybrid capital 4,875 4,242 4,280 51,082 47,086 49,161 Total equity 53,943 50,644 54,751 367,695 360,587 383,017 Total liabilities and equity 599,086 568,117 581,715 Q2 2026 | Balance sheet Unaudited 30
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Cash flow statement GROUP Q2 26 Q2 25 2025 Cash flows from operations Interest, commission and customer fees received 15,193 10,793 26,076 Interest, commission and customer fees paid -1,508 -638 -6,643 Interest received on other investments 1,554 1,234 3,129 Interest paid on other borrowings -6,780 -4,961 -12,021 Payments to other suppliers for goods and services -711 -359 -1,217 Payment to employees, pension schemes, National Insurance contributions, tax withholdings etc. -1,351 -784 -1,475 Payment of taxes -986 -1,047 -900 Net cash flow from operations 5,412 4,238 6,948 Cash flows from investment activities Payments made/received on loans to customers -17,871 -15,126 -34,956 Payments made/received on receivables and tied-up loans to financial institutions -11,780 -11,652 -1,931 Dividends received for securities 24 17 42 Payments made/received on purch./sales of shares -17 120 276 Payments made/received on purch./sales of other securities 8,324 1,997 2,837 Payments received from investments in associated companies 76 118 149 Payments made to investments in associated companies -18 0 0 Payments received from sale of fixed assets 30 0 22 Payments made on purchases of operating assets etc. -74 -48 -88 Addition through merger 0 511 1,400 Net cash flows from investment activities -21,305 -24,063 -32,250 Cash flows from financing activities Payments made/received on customer deposits 3,296 10,779 7,929 Payments made/received on deposits from Norges Bank and other financial institutions 2,602 7,424 5,602 Payments received relating to subordinated loan capital 900 747 1,250 Payments related to redemptions of subordinated loan capital -664 -245 -595 Payments received on issuing bond debt 47,866 22,969 65,417 Payments made related to redemption of bond debt -33,259 -20,088 -52,377 Dividends paid / Donations for the public benefit -4,380 -2,180 -2,322 Net cash flow from financing activities 16,362 19,406 24,905 Net cash flow for the period 469 -419 -397 Net change in cash and cash equivalents 469 -419 -397 Cash and cash equivalents at beginning of period 86 483 483 Cash and cash equivalents at end of period 555 64 86 Q2 2026 | Cash flow statement Unaudited 31
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Changes in equity GROUP Equity certifi- cates Own equity certifi- cates Pre- mium reserve Equal- isation reserve Primary capital Gift fund Comp. fund Other equity Minority inte- rests Hybrid- capital Total Equity at 31.12.24 2,743 -1 1,966 4,536 13,302 150 36 1,306 144 2,079 26,261 Profit/loss for the period 2,890 23 116 3,028 Other comprehensive income -168 -168 Distributed dividend and donations -933 -1,361 -7 -2,300 Purchase/sale of own equity certificates -8 -42 -50 Share issue related to merger 1,497 6,913 3 7,172 5,341 2,045 22,971 Change in equity related to step acquisition 894 894 Minority interest's share of share issue in subsidiary 5 5 Issue of new hybrid capital 300 300 Redemption of hybrid capital -200 -200 Interest paid on hybrid capital -98 -98 Equity at 30.06.25 4,240 -9 8,879 3,564 19,114 150 5,377 4,028 1,059 4,242 50,644 Equity at 31.12.24 2,743 -1 1,966 4,536 13,302 150 36 1,306 144 2,079 26,261 Profit/loss 2025 6,213 83 278 6,574 Other comprehensive income -251 -251 Distributed dividend and donations -933 -1,361 -7 -2,300 Purchase/sale of own equity certificates 0 5 5 Share issue related to merger 1,589 7,339 -32 7,207 5,482 2,085 23,670 Change in equity related to step acquisition 894 894 Discount of equity certificates sold to employees with a lock-in period -6 -9 -14 Minority interest's share of share issue in subsidiary 97 97 Redemption of minority shareholders -5 -54 -59 Sale of shares to minority shareholders 36 36 Issue of new hybrid capital 300 300 Redemption of hybrid capital -200 -200 Interest paid on hybrid capital -262 -262 Equity at 31.12.25 4,332 -1 9,305 3,571 19,140 150 5,517 7,264 1,194 4,280 54,751 Profit/loss for the period 3,530 84 169 3,783 Other comprehensive income -104 -104 Approved appropriation of profit for 2025 2,149 3,099 -5,248 0 Approved distribution of dividends, donations and customer dividends -2,079 -2,998 -10 -5,088 Purchase/sale of own equity certificates -1 -7 -8 Share issuance (to minority interests) 22 22 Discount of equity certificates sold to employees with a lock-in period -1 -2 -3 Dividends on own equity certificates 1 1 Sale of shares to minority shareholders 16 164 180 Purchase of shares from minority interests -17 -17 Issue of hybrid capital 900 900 Redemption of hybrid capital -314 -314 Interest paid on hybrid capital -160 -160 Equity at 30.06.26 4,332 -2 9,305 3,633 19,239 150 5,517 5,458 1,437 4,875 53,943 Q2 2026 | Changes in equity Unaudited 32
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PARENT BANK Equity certifi- cates Own equity certifi- cates Pre- mium reserve Equal- isation reserve Primary capital Gift fund Comp. fund Reserve for un- realised gains Other equity Hybrid- capital Total Equity at 31.12.24 2,743 -1 1,966 3,604 11,941 150 36 27 0 2,079 22,544 Profit/loss for the period 1,993 105 2,098 Other comprehensive income -32 -32 Purchase/sale of own equity certificates -8 -42 -50 Share issue related to merger 1,497 6,913 3 7,172 5,341 1,585 22,511 Issue of new hybrid capital 300 300 Redemption of hybrid capital -200 -200 Interest paid on hybrid capital -87 -87 Equity at 30.06.25 4,240 -9 8,879 3,564 19,114 150 5,377 27 1,962 3,782 47,086 Equity at 31.12.24 2,743 -1 1,966 3,604 11,941 150 36 27 0 2,079 22,544 Profit/loss 2025 5,300 246 5,546 Other comprehensive income -79 -79 Purchase/sale of own equity certificates 0 5 5 Share issue related to merger 1,589 7,339 -32 7,207 5,482 1,625 23,210 Discount of equity certificates sold to employees with a lock-in period -6 -9 -14 Issue of new hybrid capital 300 300 Redemption of hybrid capital -200 -200 Interest paid on hybrid capital -230 -230 Equity at 31.12.25 4,332 -1 9,305 3,571 19,140 150 5,517 27 5,222 3,820 51,082 Profit/loss for the period 2,596 148 2,744 Other comprehensive income -23 -23 Approved appropriation of profit for 2025 2,149 3,099 -27 -5,222 0 Approved distribution of dividends, donations and customer dividends -2,079 -2,998 -5,077 Purchase/sale of own equity certificates -1 -7 -8 Discount of equity certificates sold to employees with a lock-in period -1 -2 -3 Dividends on own equity certificates 1 1 Issue of hybrid capital 900 900 Redemption of hybrid capital -314 -314 Interest paid on hybrid capital -140 -140 Equity at 30.06.26 4,332 -2 9,305 3,633 19,239 150 5,517 0 2,572 4,415 49,161 Q2 2026 | Changes in equity Unaudited 33
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Note 1 Accounting policies The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), including IAS 34 – Interim Financial Reporting. The accounting principles applied are consistent with those used in the annual financial statements for 2025, unless otherwise specified. There are no new standards effective in 2026 that have had a significant impact on the financial statements. Sparebanken Sør and Sp arebanken Vest merged with accounting effect from 2 May 2025 to form Sparebanken Norge. The comparative figures for 2025 include the results of the former Sparebanken Sør fr om the merger date of 2 May 2025. The income statement and balance sheet figures for 2026 reflect the combined entity and are therefore not directly comparable with the corresponding periods in 2025. The merger between Sparebanken Norge and Oslofjord Sparebank was completed on 1 December 2025. All figures are presented in NOK million unless otherwise stated. A tax rate of 25 percent has been applied in the preparation of the interim financial statements for the parent bank, Brage Finans AS and Sør landets Forsikringssenter AS. For the other subsidiaries, a tax rate of 22 percent has been applied. Discretionary assessments, estimates and assumptions In preparing the financial statements, management has made discretionary assessments, estimates and assumptions that affect the application of accounting policies and the reported amounts of income. Expenses, assets and liabilities. These estimates and assumptions are reviewed on an ongoing basis and are based on historical experience, relevant market conditions, and other factors, including expectations about future events that are considered probable as of the balance sheet date. A detailed description of accounting policies, significant estimates and areas where management exercises judgement is provided in Note 2 of the 2025 Annual Report. The same principles and assessments have been applied in this quarterly report. One significant accounting item subject to considerable judgement is the calculation of expected credit losses (ECL). Losses on loans and guarantees are estimated in accordance with the requirements of IFRS9 and are sensitive to changes in macroeconomic assumptions and assessments of customers’ future creditworthiness. The impairment model is forward-looking and incorporates relevant macroeconomic variables and trends. Changes in the economic outlook or other macroeconomic factors require continuous assessment and updates to model parameters to ensure that expected credit losses represent the best possible estimate based on available information. Q2 2026 | Note 1 Accounting policies Unaudited 34
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Note 2 Segment information Management has assessed which segments are appropriate for reporting purpose in relation to governance and control. Following the merger, the segment structure has changed, and as from the second quarter of 2025 the segments are divided into Corporate market, Retail market, Bulder, Real estate, and Brage Finans. Operating expenses are directly allocated, except IT costs, staff-related expenses, and depreciation. Net interest income is allocated based on an internally calculated transfer rate derived from 3-month NIBOR. GROUP Banking operations 01.01- 30.06.26 Corporate market Retail market Bulder Real estate Brage Finans Not allo- cated by segment Total Income statement Net interest income 1,476 1,782 180 6 559 1,167 5,170 Other operating income 286 414 20 307 -26 419 1,420 Operating expenses -129 -270 -71 -276 -142 -1,202 -2,090 Loss -82 -7 8 0 -54 0 -136 Pre-tax profit 1,551 1,918 138 37 336 384 4,364 Tax expense -581 Profit for the period 3,783 30.06.26 Balance sheet Net lendings 116,617 276,444 77,598 0 32,366 0 503,026 Deposits 72,185 118,213 23,625 0 0 17,094 231,117 Banking operations 01.01- 30.06.25 Corporate market Retail market Bulder Treasury Real estate Not allo- cated by segment Total Income statement Net interest income 1,220 1,509 194 2 167 805 3,898 Other operating income 218 284 19 252 -3 511 1,281 Operating expenses -72 -218 -64 -206 -39 -837 -1,437 Loss -185 16 -8 0 -13 0 -190 Pre-tax profit 1,182 1,591 141 49 111 479 3,552 Tax expense -524 Profit for the period 3,028 30.06.25 Balance sheet Net lendings 109,596 258,012 65,396 0 28,450 0 461,454 Deposits 77,186 112,010 19,452 0 0 12,257 220,906 Q2 2026 | Note 2 Segment information Unaudited 35
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Banking operations 2025 Corporate market Retail market Bulder Real estate Brage Finans Not allo- cated by segment Total Income statement Net interest income 2,924 3,965 409 4 687 1,411 9,400 Other operating income 509 639 53 533 -24 894 2,604 Operating expenses -195 -444 -137 -481 -199 -2,126 -3,582 Loss -274 25 -20 0 -43 0 -312 Pre-tax profit 2,964 4,184 305 56 422 179 8,110 Tax expense -1,536 Profit for the period 6,574 31.12.25 Balance sheet Net lendings 113,014 266,933 75,619 0 30,176 0 485,743 Deposits 78,361 111,274 20,282 0 0 15,723 225,640 Q2 2026 | Note 2 Segment information Unaudited 36
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Note 3 Classification of financial assets and liabilities The following table shows the classification of financial assets and liabilities under IFRS 9 on the balance sheet date. 30.06.26 GROUP Fair value through profit or loss (mandatory) Fair value through profit or loss (option) Fair value through other comprehen- sive income Hedge accounting Amortised cost Total book value Financial assets Cash in and receivables from central banks 555 555 Loans to and receivables from credit institutions 17,012 17,012 Loans to and receivables from customers 21,548 481,477 503,026 Shares, units and other equity instruments 528 528 Certificates and bonds 61,102 61,102 Financial derivatives 1,131 3,250 4,381 Total financial assets 62,762 21,548 0 3,250 499,044 586,604 Financial commitments Deposits from and liabilities to credit institutions 9,970 9,970 Deposits from and liabilities to customers 7,794 223,323 231,117 Securitised debt1) 36,671 89,728 143,324 269,723 Financial derivatives 1,813 1,093 2,906 Other provisions for liabilities 197 197 Senior non-preferred bonds1) 8,714 11,200 19,914 Subordinated loan capital 416 5,212 5,628 Total financial liabilities 2,230 53,179 0 90,821 393,227 539,456 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. 30.06.26 PARENT BANK Fair value through profit or loss (mandatory) Fair value through profit or loss (option) Fair value through other comprehen- sive income Hedge accounting Amortised cost Total book value Financial assets Cash in and receivables from central banks 555 555 Loans to and receivables from credit institutions 43,148 43,148 Loans to and receivables from customers 10,474 102,722 122,111 235,307 Shares, units and other equity instruments 520 520 Certificates and bonds 70,811 70,811 Financial derivatives 5,174 5,174 Total financial assets 76,505 10,474 102,722 0 165,814 355,514 Financial commitments Deposits from and liabilities to credit institutions 30,238 30,238 Deposits from and liabilities to customers 7,794 223,451 231,245 Securitised debt 1) 19,283 18,271 37,554 Financial derivatives 5,506 5,506 Other provisions for liabilities 195 195 Senior non-preferred bonds1) 8,714 11,200 19,914 Subordinated loan capital 416 4,832 5,249 Total financial liabilities 5,923 35,790 0 0 288,188 329,901 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. Q2 2026 | Note 3 Classification of financial assets and liabilities Unaudited 37
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30.06.25 GROUP Fair value through profit or loss (mandatory) Fair value through profit or loss (option) Fair value through other comprehen- sive income Hedge accounting Amortised cost Total book value Financial assets Cash in and receivables from central banks 64 64 Loans to and receivables from credit institutions 14,736 14,736 Loans to and receivables from customers 26,016 435,439 461,454 Shares, units and other equity interests 513 513 Certificates and bonds 70,515 70,515 Financial derivatives 2,014 7,330 9,344 Total financial assets 73,041 26,016 0 7,330 450,239 556,626 Financial liabilities Deposits from and liabilities to credit institutions 15,639 15,639 Deposits from and liabilities to customers 7,206 213,700 220,906 Securitised debt1) 34,232 87,409 124,729 246,371 Financial derivatives 918 164 1,082 Other provisions for liabilities 268 268 Senior non-preferred bonds1) 8,338 12,669 21,007 Subordinated loan capital 424 5,376 5,800 Total financial liabilities 1,342 49,776 0 87,574 372,380 511,072 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. 30.06.25 PARENT BANK Fair value through profit or loss (mandatory) Fair value through profit or loss (option) Fair value through other comprehen- sive income Hedge accounting Amortised cost Total book value Financial assets Cash in and receivables from central banks 64 64 Loans to and receivables from credit institutions 42,225 42,225 Loans to and receivables from customers 12,795 93,286 113,916 219,997 Shares, units and other equity interests 504 504 Certificates and bonds 65,741 65,741 Financial derivatives 6,047 6,047 Total financial assets 72,292 12,795 93,286 0 156,206 334,579 Financial commitments Deposits from and liabilities to credit institutions 30,056 30,056 Deposits from and liabilities to customers 7,206 213,797 221,003 Securitised debt1) 7,776 14,799 22,575 Financial derivatives 8,064 8,064 Other provisions for liabilities 264 264 Senior non-preferred bonds1) 8,338 12,669 21,007 Subordinated loan capital 424 4,945 5,369 Total financial liabilities 8,488 23,320 0 0 276,530 308,338 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. Q2 2026 | Note 3 Classification of financial assets and liabilities Unaudited 38
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Note 4 Net interest and credit commission income PARENT BANK GROUP 2025 01.01- 30.06.25 01.01- 30.06.26 Q2 25 Q2 26 Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 1,109 575 481 277 247 Interest and similar income from loans to and receivables from credit institutions valued at amortised cost 46 70 88 118 259 11,666 4,955 6,712 2,954 3,419 Interest and similar income from loans to and receivables from customers valued at amortised cost 6,770 5,829 13,299 9,762 23,204 679 307 326 189 159 Interest and similar income from loans to and receivables from customers valued at fair value 314 387 627 719 1,440 2,855 1,188 1,539 715 791 Interest and similar income from commercial papers, bonds and other interest-bearing securities 688 803 1,406 1,322 3,046 16,310 7,025 9,058 4,135 4,615 Interest income and similar income 7,818 7,090 15,419 11,920 27,949 559 227 339 136 170 Interest and similar expenses on debt to credit institutions 10 75 44 136 308 6,343 2,796 3,373 1,642 1,711 Interest and similar expenses on deposits from and liabilities to customers 1,709 1,599 3,350 2,719 6,171 2,174 914 1,302 528 680 Interest and similar expenses on issued securities 3,412 2,936 6,581 4,980 11,622 264 111 157 68 79 Interest and similar expenses on subordinated loan capital 79 68 157 111 264 19 7 13 5 6 Other interest expenses etc.1) 11 8 23 11 31 122 54 76 30 59 Fee Norwegian Banks' Guarantee Fund 68 38 94 67 151 9,481 4,109 5,259 2,408 2,705 Interest expenses and similar expenses 5,289 4,725 10,250 8,022 18,548 6,829 2,916 3,799 1,727 1,911 Net interest and credit commission income 2,529 2,365 5,170 3,898 9,400 1) Interest from derivatives entered into to manage the interest rate risk attached to the bank's ordinary portfolios is classified as interest income and recognised as an adjustment of the bank's other interest income/ interest expenses. Q2 2026 | Note 4 Net interest and credit commission income Unaudited 39
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Note 5 Net other operating income PARENT BANK GROUP 2025 01.01- 30.06.25 01.01- 30.06.26 Q2 25 Q2 26 Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 79 37 38 19 19 Guarantee commissions 19 19 38 37 79 659 270 362 166 189 Fees from payment transfers 192 168 368 272 666 290 86 140 51 66 Income from insurance 74 56 156 90 307 152 68 91 37 46 Commission income from savings and investment products 46 37 91 68 152 0 0 0 0 Commission income from asset management 57 31 103 59 135 0 0 0 0 Real estate broking commission 193 169 307 253 534 328 340 68 169 34 Commission income from group companies 0 0 0 0 158 81 60 36 34 Other commissions and fees 49 49 91 94 169 1,665 883 758 479 388 Commission income and income from banking services 629 529 1,153 873 2,041 180 91 91 56 52 Fees payment transfers 53 57 93 91 183 5 4 4 2 2 Expenses related to savings and investment products 2 2 4 4 5 48 20 25 11 16 Other commissions and fees 54 33 100 43 111 233 115 120 69 70 Commission expenses and expenses relating to banking services 109 92 197 138 298 0 0 1,432 768 637 410 317 Net banking services 521 437 956 735 1,743 0 0 1,338 106 76 106 76 Income from shareholdings in group companies and associated companies 189 175 269 251 483 42 17 37 17 15 Dividend 2 17 24 17 42 38 43 74 25 4 Gain/(loss) on shares -2 76 11 94 89 9 45 38 51 77 Gain/(loss) on commercial papers and bonds1) 47 53 26 43 8 -1 -7 -2 8 5 Gain/(loss) on financial instruments, designated at fair value1) 7 34 11 57 152 141 87 94 52 48 Gain/(loss) related to positions to customers and trading 50 54 88 88 154 0 0 0 0 Net gain/(loss) on financial instruments designated for hedge accounting -8 -5 31 -1 -77 -3 -2 -2 -1 -1 Other gain/(loss) -1 -1 -2 -8 -8 227 183 240 153 149 Net gain/(loss) on financial instruments 96 228 190 291 360 17 1 4 1 3 Other operating income 4 2 6 4 19 17 1 4 1 3 Other operating income 4 2 6 4 19 3,014 1,059 958 670 546 Net other operating income 810 842 1,420 1,281 2,604 1) The value adjustment of derivatives used to manage interest and currency risk is distributed between the financial instruments they are managed together with. Q2 2026 | Note 5 Net other operating income Unaudited 40
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Note 6 Operating expenses PARENT BANK GROUP 2025 01.01- 30.06.25 01.01- 30.06.26 Q2 25 Q2 26 Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 1,182 480 702 288 341 Payroll expenses, incl. employer’s national insurance contributions 497 395 986 640 1,624 146 52 68 30 36 Pension expenses 50 36 86 61 174 96 42 44 29 22 Other personnel expenses 30 35 62 52 122 180 106 101 54 57 External fees 64 63 114 120 221 546 223 339 139 172 IT expenses 188 154 373 244 600 113 55 64 36 28 Marketing 37 43 77 65 135 2,263 957 1,319 575 656 Payroll and general administration expenses 865 726 1,699 1,180 2,876 304 117 192 72 94 Depreciation 109 85 222 135 353 21 9 19 6 3 Operating expenses, premises 8 12 30 21 35 70 0 0 0 0 Wealth tax 0 0 0 0 70 120 50 65 30 33 Other operating expenses 71 67 138 100 248 211 59 84 36 36 Total other operating expenses 79 79 168 121 354 2,778 1,134 1,595 683 786 Total operating expenses 1,053 890 2,090 1,437 3,582 Q2 2026 | Note 6 Operating expenses Unaudited 41
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Note 7 Losses on loans, guarantees, unused credit facilities and loan approvals PARENT BANK GROUP 2025 01.01- 30.06.25 01.01- 30.06.26 Q2 25 Q2 26 Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 85 60 221 43 10 Losses on loans in the period 52 102 261 119 188 121 68 -123 75 -19 Losses on off-balance items in the period -19 78 -125 71 124 206 129 99 117 -9 Loss cost for the period 33 180 136 190 312 Q2 2026 | Note 7 Losses on loans, guarantees, unused credit facilities and loan approvals Unaudited 42
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Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval 30.06.26 GROUP Changes in losses and impairments under IFRS 9 on loans, guarantees, unused credit facilities and loan approvals Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Loss provision in opening balance 605 498 526 1,629 428 2,057 Transferred to 12-month ECL (Stage 1) 127 -104 -21 2 -2 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -52 65 -12 1 -1 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -2 -50 72 20 -20 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed -3 -6 -70 -78 78 0 Net new measurement of losses -184 111 124 50 196 247 Newly issued or acquired financial assets 137 63 64 263 71 334 Financial assets derecognised -135 -136 -189 -460 -92 -552 Loss provision closing balance 493 440 494 1,426 660 2,086 Loan loss provision 413 408 462 1,283 606 1,889 Provision for guarantees, unused credit facilities and loan approvals 80 32 32 144 54 197 Total loss provision 493 440 494 1,426 660 2,086 Gross lending recognised at amortised cost, allocated to different stages – opening balance 426,861 33,513 2,096 462,470 1,138 463,608 Gross lending recognised at amortised cost, allocated to different stages – closing balance 448,731 30,136 2,930 481,796 1,570 483,366 of which corporate marked 127,713 19,797 2,091 149,601 1,510 151,111 of which retail marked 321,018 10,339 839 332,195 60 332,255 Distribution corporate/retail customers Impairment losses in opening balance Corporate customers 457 394 407 1,258 409 1,667 Retail customers 148 104 119 371 19 390 Total impairment losses 605 498 526 1,629 428 2,057 Impairment losses closing balance Corporate customers 364 339 346 1,049 636 1,685 Retail customers 129 101 148 378 23 401 Total impairment losses 493 440 494 1,426 660 2,086 Loss cost for the period Changes in individual impairment for the period 360 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 51 Confirmed loss in the period with no previous individual impairment -58 Recoveries in previously confirmed impairments -14 Net effect on profit/loss from individual impairments 339 Changes in losses for the period, calculated by model (Stage 1–3) -203 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 136 Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Gross lending recognised at amortised cost closing balance 448,731 30,136 2,930 481,796 1,570 483,366 Impairment loss -413 -408 -462 -1,283 -606 -1,889 Net lending recognised at amortised cost in the balance sheet 448,318 29,728 2,467 480,513 964 481,477 Loans valued at fair value 21,548 Capitalised lending closing balance 503,026 Q2 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 43
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ECL = Expected Credit Loss In line with IFRS 9, the Bank classifies its loans into three stages based on the probability of default (PD) at initial recognition compared with the PD at the balance sheet date, as well as assessments against the watchlist, forbearance status, and instalments more than 30 days past due. Allocation to stage 1, 2, or 3 is therefore performed for each individual loan (or exposure). All exposures measured at amortised cost are included in the model. Stage 1 is the starting point for financial assets covered by the general loss model, for which a provision will be made corresponding to 12-month expected losses. Stage 2 includes assets that have experienced a significant increase in credit risk since initial recognition but for which there is no objective evidence of impairment. Exposures in Stages 1 and 2 are assessed on a portfolio basis (calculated by model). Stage 3 of the model includes assets for which the credit risk has increased significantly since initial recognition, and where there has been objective evidence of a loss event on the balance sheet date. They are divided into loans that have been individually assessed and loans assessed at portfolio level (calculated by model). Transfers between stages show the portion of expected credit losses in the opening balance that has migrated between the respective stages. The effect of changes in measurement methodology, as well as new calculations during the quarter, is presented under Net remeasurement of impairment losses. Impairment losses are recognised (charged against the customer’s exposure) once all collateral has been realised and it is beyond doubt that the Bank will receive no further payments on the exposure. The claim against the customer remains and continues to be monitored unless a formal debt forgiveness agreement has been concluded. Impairments on guarantees, undrawn credit facilities, and loan commitments include off-balance sheet items and are recognised as a liability in the financial statements. Q2 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 44
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30.06.25 GROUP Changes in losses and impairments under IFRS 9 on loans, guarantees, unused credit facilities and loan approvals Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Loss provision in opening balance 262 351 186 799 250 1,049 Transferred to 12-month ECL (Stage 1) 60 -51 -4 6 -6 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -15 75 -60 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -1 -41 42 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed 0 0 -1 -1 1 0 Net new measurement of losses -33 140 -10 97 60 157 Newly issued or acquired financial assets 235 10 31 276 21 297 Financial assets derecognised -52 -114 -36 -202 -95 -297 Addition through merger 118 243 295 656 199 855 Loss provision closing balance 573 614 445 1,631 430 2,061 Loan loss provision 459 563 395 1,418 375 1,793 Provision for guarantees, unused credit facilities and loan approvals 113 50 50 213 55 268 Total loss provision 573 614 445 1,631 430 2,061 Gross lending recognised at amortised cost, allocated to different stages opening balance 238,884 20,333 999 260,216 393 260,609 Gross lending recognised at amortised cost, allocated to different stages closing balance 410,607 23,700 2,012 436,319 913 437,231 Distribution corporate/retail customers Impairment losses in opening balance Corporate customers 213 262 126 600 245 846 Retail customers 49 90 61 199 5 203 Total impairment losses 262 351 186 799 250 1,049 Impairment losses closing balance Corporate customers 410 414 298 1,121 382 1,503 Retail customers 163 199 147 510 48 557 Total impairment losses 573 614 445 1,631 430 2,061 Loss cost for the period Changes in individual impairment for the period -19 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 56 Confirmed loss in the period with no previous individual impairment 18 Recoveries in previously confirmed impairments -9 Net effect on profit/loss from individual impairments 46 Changes in losses for the period, calculated by model (Stage 1–3) 144 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 190 Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Gross lending recognised at amortised cost closing balance 410,607 23,700 2,012 436,319 913 437,231 Impairment loss -459 -563 -395 -1,418 -375 -1,793 Net lending recognised at amortised cost in the balance sheet 410,148 23,136 1,617 434,901 538 435,439 Loans valued at fair value 26,016 Capitalised lending closing balance 461,454 Q2 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 45
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30.06.26 PARENT BANK Changes in losses and impairments under IFRS 9 on loans, guarantees, unused credit facilities and loan approvals Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Loss provision in opening balance 484 421 427 1,332 298 1,630 Transferred to 12-month ECL (Stage 1) 87 -73 -14 0 0 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -48 53 -6 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -1 -47 67 19 -19 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed -2 -4 -66 -72 72 0 Net new measurement of losses -129 88 90 49 186 235 Newly issued or acquired financial assets 111 55 60 226 71 297 Financial assets derecognised -119 -125 -173 -418 -79 -496 Loss provision closing balance 382 369 385 1,136 529 1,665 Loan loss provision 305 337 354 995 476 1,470 Provision for guarantees, unused credit facilities and loan approvals 78 32 32 141 54 195 Total loss provision 382 369 385 1,136 529 1,665 Loss cost for the period Changes in individual impairment for the period 232 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 51 Confirmed loss in the period with no previous individual impairment 25 Recoveries in previously confirmed impairment -13 Net effect on profit/loss from individual impairments 294 Changes in losses for the period, calculated by model (Stage 1–3) -196 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 99 Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Gross lending recognised at amortised cost or fair value through other comprehensive income closing balance 200,863 22,241 2,175 225,280 1,024 226,304 Impairment loss -305 -337 -354 -995 -476 -1,470 Net lending 200,558 21,905 1,821 224,285 549 224,833 Loans valued at fair value 10,474 Capitalised lending closing balance 235,307 Q2 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 46
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30.06.25 PARENT BANK Changes in losses and impairments under IFRS 9 on loans, guarantees, unused credit facilities and loan approvals Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Loss provision in opening balance 233 299 161 693 250 943 Transferred to 12-month ECL (Stage 1) 51 -42 -3 6 -6 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -14 69 -55 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -1 -38 39 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed 0 0 -1 -1 1 0 Net new measurement of losses -27 115 -19 69 60 129 Newly issued or acquired financial assets 218 17 4 239 10 249 Financial assets derecognised -48 -106 -28 -182 -95 -278 Addition through merger 73 199 253 525 66 592 Loss provision closing balance 485 513 350 1,349 286 1,635 Loan loss provision 374 464 302 1,140 231 1,371 Provision for guarantees, unused credit facilities and loan approvals 111 49 48 209 55 264 Total loss provision 485 513 350 1,349 286 1,635 Loss cost for the period Changes in individual impairment for the period -30 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 56 Confirmed loss in the period with no previous individual impairment 17 Recoveries in previously confirmed impairments -8 Net effect on profit/loss from individual impairments 35 Changes in losses for the period, calculated by model (Stage 1–3) 94 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 129 Calculated by model Total calculated by model losses Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Gross lending recognised at amortised cost or fair value through other comprehensive income closing balance 190,202 16,519 1,439 208,160 414 208,573 Impairment loss -374 -464 -302 -1,140 -231 -1,371 Net lending recognised at amortised cost in the balance sheet 189,828 16,055 1,136 207,019 182 207,202 Loans valued at fair value 12,795 Capitalised lending closing balance 219,997 Q2 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 47
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Note 9 Breakdown of gross lending between different stages of IFRS 9 30.06.26 GROUP Gross lending recognised at amortised cost Model-based Total model- based loss Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Gross lending opening balance 426,861 33,513 2,096 462,470 1,138 463,608 Transferred to 12-month ECL (Stage 1) 11,243 -11,107 -99 36 -36 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -10,569 10,673 -93 11 -11 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Model-based -293 -1,206 1,511 12 -12 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Individually assessed -278 -243 -195 -716 716 0 Newly issued or acquired financial assets 98,679 5,426 364 104,469 68 104,538 Financial assets derecognised – excluding impairment loss -82,686 -7,638 -784 -91,109 -165 -91,274 Net change in existing loans 5,774 718 131 6,622 -128 6,495 Gross lending closing balance recognised at amortised cost 448,731 30,136 2,930 481,796 1,570 483,366 Impairment loss -413 -408 -462 -1,283 -606 -1,889 Net lending at closing balance recognised at amortised cost 448,318 29,728 2,467 480,513 964 481,477 Lending valued at fair value 21,548 Capitalised lending closing balance 503,026 0 Gross lending recognised at amortised cost, allocated to different stages closing balance 448,731 30,136 2,930 481,796 1,570 483,366 * Of which corporate customers 128,231 19,797 2,091 150,119 1,510 151,629 * Of which retail customers 320,499 10,339 839 331,677 60 331,737 30.06.25 GROUP Gross lending recognised at amortised cost Model-based Total model- based loss Individually assessed Total Stage 1 Stage 2 Stage 3 Stage 3 Gross lending opening balance 238,884 20,333 999 260,216 393 260,609 Transferred to 12-month ECL (Stage 1) 5,179 -5,109 -60 9 -9 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -4,615 5,018 -403 0 0 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Model-based -52 -325 377 0 0 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Individually assessed -6 -22 -13 -41 41 0 Newly issued or acquired financial assets 212,270 8,309 1,267 221,846 693 222,540 Financial assets derecognised – excluding impairment loss -45,471 -5,664 -234 -51,370 -218 -51,588 Net change in existing loans 4,419 1,159 80 5,658 12 5,671 Gross lending closing balance recognised at amortised cost 410,607 23,700 2,012 436,319 913 437,231 Impairment loss -459 -563 -395 -1,418 -375 -1,793 Net lending at closing balance recognised at amortised cost 410,148 23,136 1,617 434,901 538 435,439 Lending valued at fair value 26,016 Capitalised lending closing balance 461,454 0 Gross lending recognised at amortised cost, allocated to different stages closing balance 410,607 23,700 2,012 436,319 913 437,231 * Of which corporate customers 122,426 13,138 1,359 136,923 875 137,799 * Of which retail customers 288,181 10,562 652 299,396 37 299,433 Q2 2026 | Note 9 Breakdown of gross lending between different stages of IFRS 9 Unaudited 48
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Note 10 Defaults and non-performing loans The table shows the carrying amount of defaulted and non-performing loans, where the total defaulted loans are reported based on definitions under the Basel framework. PARENT BANK GROUP 30.06.26 30.06.26 Retail customers Corporate customers Total Retail customers Corporate customers Total 204 513 717 Gross loans in defaults of payment exceeding 90 days 455 917 1,373 189 2,311 2,501 Gross other defaults and non performing loans 485 2,681 3,166 394 2,824 3,218 Gross default and non performing loans 940 3,599 4,539 -75 -755 -829 - Total impairments stage 3 -170 -898 -1,068 319 2,070 2,389 Net default and other problem loans 770 2,700 3,471 PARENT BANK GROUP 30.06.25 30.06.25 Retail customers Corporate customers Total Retail customers Corporate customers Total 180 483 663 Gross loans in defaults of payment exceeding 90 days 351 942 1,293 141 1,079 1,219 Gross other defaults and non performing loans 410 1,458 1,867 320 1,562 1,882 Gross default and non performing loans 761 2,399 3,160 -146 -387 -533 - Total impairments stage 3 -191 -579 -770 174 1,175 1,349 Net default and other problem loans 570 1,820 2,391 Age distribution of non-performing exposures The table shows the book value of loans registered with default, where the default exceeds NOK 1,000 on one of the commitment's accounts and constitutes at least 1 % of the commitment size for the retail customers. The same criteria apply to corporate customers, but here the amount limit is NOK 2,000. PARENT BANK GROUP 30.06.26 30.06.26 Retail customers Corporate customers Total Retail customers Corporate customers Total 232 808 1,039 Up to 30 days 653 1,173 1,825 43 181 224 31-90 days 163 330 492 204 513 717 More than 90 days 455 917 1,373 479 1,501 1,980 Gross loans in payment default 1,271 2,420 3,691 PARENT BANK GROUP 30.06.25 30.06.25 Retail customers Corporate customers Total Retail customers Corporate customers Total 165 1,435 1,600 Up to 30 days 671 1,863 2,534 72 187 259 31-90 days 158 322 480 180 483 663 More than 90 days 351 942 1,293 417 2,105 2,522 Gross loans in payment default 1,180 3,127 4,307 Q2 2026 | Note 10 Defaults and non-performing loans Unaudited 49
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Note 11 Loans by sector and industry PARENT BANK GROUP 31.12.25 30.06.25 30.06.26 30.06.26 30.06.25 31.12.25 17,184 16,826 17,349 Primary industries 20,697 19,602 20,311 5,594 4,979 6,190 Manufacturing and mining 9,628 8,326 9,031 4,337 3,724 4,229 Power and water supply 4,565 3,984 4,635 14,123 13,630 14,098 Building and construction 20,231 19,235 19,824 4,130 4,941 4,683 Commerce 6,952 6,999 6,178 10,839 9,105 11,954 International shipping and transport 15,916 12,553 14,635 1,054 1,078 1,083 Hotel and restaurants 1,450 1,467 1,393 49,702 49,683 52,421 Property management 53,438 50,525 50,710 10,658 10,174 9,819 Services 18,552 17,591 18,491 297 199 217 Municipal/public sector 300 251 362 716 673 1,116 Other financial undertakings 1,127 688 730 118,633 115,013 123,160 Total corporate sector 152,857 141,220 146,300 116,636 106,355 113,617 Retail customers 352,057 322,027 341,177 235,268 221,368 236,777 Total gross loans to customers 504,914 463,247 487,477 1,312 1,371 1,470 Total impairments on loans 1,889 1,793 1,734 233,957 219,997 235,307 Total net loans to customers 503,026 461,454 485,743 Q2 2026 | Note 11 Loans by sector and industry Unaudited 50
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Note 12 Deposits by sector and industry PARENT BANK GROUP 31.12.25 30.06.25 30.06.26 30.06.26 30.06.25 31.12.25 8,797 8,238 7,762 Primary industries 7,762 8,238 8,797 10,995 6,271 9,553 Manufacturing and mining 9,553 6,271 10,995 2,770 740 1,568 Power and water supply 1,568 740 2,770 9,023 5,702 7,523 Building and construction 7,523 5,702 9,023 4,107 4,225 3,892 Commerce 3,892 4,225 4,107 6,865 4,930 6,600 International shipping and transport 6,600 4,930 6,865 1,094 1,120 1,073 Hotel and restaurants 1,073 1,120 1,094 12,546 12,184 11,603 Property management 11,556 12,139 12,492 27,072 31,122 24,890 Services 24,804 31,063 26,971 9,804 17,308 12,877 Municipal/public sector 12,877 17,308 9,805 6,022 3,398 7,383 Other financial undertakings 7,383 3,398 6,022 99,095 95,239 94,723 Total corporate sector 94,590 95,135 98,940 126,693 125,765 136,521 Retail customers 136,526 125,771 126,700 225,788 221,003 231,245 Total deposits to customers 231,117 220,906 225,640 Q2 2026 | Note 12 Deposits by sector and industry Unaudited 51
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Note 13 Valuation hierarchy for financial instruments at fair value Level 1 Financial instruments traded in active markets are classified as level 1. A market is deemed to be active if the market prices are easily and regularly available from a stock exchange, broker, industry group, pricing service or regulatory authority, and these prices represent actual and regularly occurring market transactions at arm’s length. The market price used for financial assets is the applicable purchase price, while the applicable sales price is used for financial liabilities. Instruments included in level 1 comprise some treasury certificates. Level 2 The fair value of financial instruments that are not traded in an active market is determined by using valuation methods. These valuation methods maximise the use of observable data where available and, as far as possible, are not based on the group’s own estimates. If all the material data required to determine the fair value of an instrument are observable data, the instrument is included in level 2. Instruments included in level 2 comprise loans to customers, equity instruments on the OTC list, other certificates and bonds, financial derivatives and all financial liabilities valued at fair value. Level 3 If one or more data items are not based on observable market information, the instrument is included in level 3. Non-listed equity instruments, certain equity instruments on the OTC list and loans to customers valued at fair value are classified at level 3. Financial instruments valued at fair value GROUP 30.06.26 Level 1 Level 2 Level 3 Total Assets Loans to and receivables from customers 21,548 21,548 Shares, units and other equity instruments 264 264 528 Commercial papers and bonds 20,447 40,655 61,102 Financial derivatives 1,131 1,131 Financial derivatives designated for hedge accounting 3,250 3,250 Total 20,711 45,036 21,813 87,560 Liabilities Deposits from and liabilities to customers 7,794 7,794 Securitised debt 36,671 36,671 Securitised debt designated for hedge accounting 21,343 21,343 Financial derivatives 1,813 1,813 Financial derivatives designated for hedge accounting 1,093 1,093 Senior non-preferred bonds 8,714 8,714 Subordinated loan capital 416 416 Total 0 77,844 0 77,844 Loans to customers Shares Financial instruments in level 3 – opening balance 23,869 243 Additions/acquisitions 2,880 40 Sales/redemption/repayment -5,049 -34 This years value adjustment -152 15 Addition through merger 0 0 Reclassification between levels 1 and 3 0 0 Financial instruments in level 3 – closing balance 21,548 264 Q2 2026 | Note 13 Valuation hierarchy for financial instruments at fair value Unaudited 52
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Financial instruments valued at fair value GROUP 30.06.25 Level 1 Level 2 Level 3 Total Assets Loans to and receivables from customers 26,016 26,016 Shares, units and other equity instruments 295 218 513 Certificates and bonds 25,061 45,454 70,515 Financial derivatives 2,014 2,014 Financial derivatives designated for hedge accounting 7,330 7,330 Total 25,355 54,798 26,234 106,387 Liabilities Deposits from and liabilities to customers 7,206 7,206 Securitised debt 34,232 34,232 Securitised debt designated for hedge accounting 27,735 27,735 Financial derivatives 918 918 Financial derivatives designated for hedge accounting 164 164 Senior non-preferred bonds 8,338 8,338 Subordinated loan capital 424 424 Total 0 79,017 0 79,017 Loans to customers Shares Financial instruments in level 3 – opening balance 22,564 130 Additions/acquisitions 1,232 4 Sales/redemption/repayment -2,775 -125 This year's value adjustment 187 -1 Addition through merger 4,807 211 Reclassification between levels 2 and 3 0 0 Financial instruments in level 3 – closing balance 26,016 218 Q2 2026 | Note 13 Valuation hierarchy for financial instruments at fair value Unaudited 53
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Note 14 Capital adequacy PARENT BANK GROUP 31.12.25 30.06.25 30.06.26 Capital adequacy 30.06.26 30.06.25 31.12.25 Risk-weighted assets (RWA) 41,298 36,036 45,058 Corporates – Other 45,059 36,047 41,307 612 494 540 Corporates – Specialised 540 494 612 25,693 20,920 25,803 Retail – Secured by property 75,070 49,104 68,756 1,469 1,335 1,554 Retail – Other 1,559 1,339 1,482 0 10,785 0 Equity positions IRB 0 0 0 69,072 69,570 72,955 Total credit risk IRB 122,227 86,983 112,157 66 106 524 Central governments or central banks 545 122 83 8,219 9,262 12,427 Institutions 2,417 5,642 1,335 2,952 2,337 2,050 Corporates 13,171 13,893 13,534 4,183 565 2,750 Retail 17,220 9,810 18,560 27,093 43,040 21,701 Secured by property 30,989 58,452 35,938 998 963 899 Past due exposures 1,666 1,886 1,798 3,825 3,726 3,443 Covered bonds 3,581 4,196 4,190 21,866 13,394 21,947 Equity 5,177 630 4,768 2,041 3,186 2,121 Other items 3,437 3,899 2,439 71,242 76,578 67,862 Total credit risk standardised approach (SA) 78,203 98,531 82,645 13,287 11,090 13,287 Operational risk 17,544 16,071 17,544 686 722 1,044 Risk of credit valuation adjustment for counterparty (CVA) 1,215 1,323 1,193 154,287 157,960 155,148 Total risk-weighted assets (RWA) 219,189 202,908 213,538 Own funds 4,332 4,240 4,332 Equity certificates 4,332 4,240 4,332 -1 -9 -2 Deductions for own equity certificates -2 -9 -1 9,305 8,879 9,305 Premium reserve 9,305 8,879 9,305 19,140 19,114 19,239 Primary capital 19,239 19,114 19,140 5,517 5,377 5,517 Compensation fund 5,517 5,377 5,517 150 150 150 Gift fund 150 150 150 3,571 3,564 3,633 Equalisation reserve 3,633 3,564 3,571 5,248 1,988 2,572 Other equity 5,458 4,028 7,264 Minority interests 1,436 1059 1194 47,262 43,303 44,746 Total book equity excluding hybrid capital 49,068 46,402 50,472 Deductions -5,207 -5,097 -5,128 Goodwill and other intangible assets -6,298 -6,324 -6,387 Including effects of regulatory scope of consolidation 0 0 0 116 73 137 Adj. for unrealised losses/(gains) on debt recorded at fair value 133 -55 60 -227 -210 -231 Value adjustments due to the requirements for prudent valuation -140 -178 -171 -489 -489 -489 Adj. for investments in other financial institutions -655 -621 -622 -428 -172 -340 Adjusted expected losses IRB-portfolios -486 -262 -592 -14 -9 -26 Other deductions -183 -105 -229 -5,077 -997 -1,298 Profit not eligible for Common Equity Tier 1 capital -1,765 -1,445 -5,077 35,935 36,403 37,371 Common Equity Tier 1 capital 39,675 37,410 37,452 3,775 3,735 4,362 Additional Tier 1 capital 4,822 4,195 4,235 39,710 40,138 41,733 Total Tier 1 capital 44,497 41,605 41,687 5,490 4,945 5,194 Tier 2 instruments - Supplementary capital 5,574 5,375 5,920 45,200 45,082 46,927 Own funds 50,071 46,980 47,607 Minimum requirement 12,343 12,637 12,412 Own funds, minimum requirement; 8% 17,535 16,233 17,083 32,857 32,446 34,515 Own funds, regulatory surplus 32,535 30,748 30,524 28,992 29,295 30,390 of which surplus Common Equity Tier 1 to cover buffer requirement 29,812 28,280 27,843 Q2 2026 | Note 14 Capital adequacy Unaudited 54
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PARENT BANK GROUP 31.12.25 30.06.25 30.06.26 Capital adequacy 30.06.26 30.06.25 31.12.25 Buffer requirements 3,857 3,949 3,879 Capital conservation buffer requirement; 2,5% 5,480 5,073 5,338 6,943 7,108 6,982 Systemic risk buffer requirement; 4,5% 9,864 9,131 9,609 3,857 3,949 3,879 Countercyclical buffer requirement; 1,5% 5,480 5,073 5,338 14,657 15,006 14,739 Total buffer requirement Common Equity Tier 1 20,823 19,276 20,286 14,335 14,288 15,651 Common Equity Tier 1 capital, regulatory surplus 8,989 9,003 7,557 23.3 % 23.0 % 24.1 % Common Equity Tier capital 1) 18.1 % 18.4 % 17.5 % 2.4 % 2.4 % 2.8 % Additional Tier 1 capital 2.2 % 2.1 % 2.0 % 3.6 % 3.1 % 3.3 % Supplementary capital 2.5 % 2.6 % 2.8 % 29.3 % 28.5 % 30.2 % Capital adequacy 22.8 % 23.2 % 22.3 % 1) The CET1 at the end of Q2 2026/2025 includes 50% of the profit for the period, in line with the dividend policy. The CET1 ratio for the Group without profit accumulation was 17.3 (17.3)%. PARENT BANK GROUP 31.12.25 30.06.25 30.06.26 Leverage ratio 30.06.26 30.06.25 31.12.25 354,994 360,587 373,355 Balance sheet items included in the leverage ratio exposure measure 594,616 568,117 564,205 23,269 18,569 22,583 Off-balance sheet items 24,815 21,323 20,472 -1,888 -6,362 -3,477 Regulatory adjustments -4,076 -10,900 -3,429 376,374 372,794 392,460 Calculation basis for leverage ratio 2) 615,355 578,540 581,248 39,710 40,138 41,733 Core capital 44,497 41,605 41,687 10.6 % 10.8 % 10.6 % Leverage ratio 7.2 % 7.2 % 7.2 % 2) The CET1 ratio at the end of Q2 2026/2025 includes 50% of the profit for the year to date in line with the dividend policy. The CET1 ratio for the Group without profit accumulation was 6.9 (6.9)%. Q2 2026 | Note 14 Capital adequacy Unaudited 55
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Note 15 Key information about equity certificate The twenty largest owners of ECs No of ECs Proportion of equity share capital % Sparebankstiftelsen Sparebanken Norge 17,333,857 10.00 Skandinaviska Enskilda Banken AB 13,727,300 7.53 Sparebankstiftinga Hardanger 11,954,394 6.90 Geveran Trading Company Ltd 7,752,141 4.47 Kommunal Landspensjonskasse Gjensidige (KLP) 6,276,691 3.47 Verdipapirfondet Eika Egenkapitalbevis 5,161,173 2.92 Sparebankstiftelsen Sparebanken Norge, Vest 4,758,632 2.68 Sparebankstiftelsen Oslofjord 3,670,937 2.12 State Street Bank and Trust Comp 3,368,263 1.93 Sparebankstiftelsen Sauda 3,346,264 1.87 Pareto Aksje Norge Verdipapirfond 3,023,921 1.79 Verdipapirfondet Alfred Berg Gambak 2,882,315 1.64 Spesialfondet Borea Utbytte 2,524,936 1.45 Meteva AS 2,448,386 1.41 Sparebankstiftinga Etne 2,398,146 1.35 J. P. Morgan SE 2,089,597 1.27 Blomestø AS 2,000,000 1.22 Pershing LLC 1,987,869 1.15 Verdipapirfond Odin Norge 1,745,667 1.15 J. P. Morgan Chase Bank, N.A., London 1,740,609 1.09 Total 100,191,098 57.41 Turnover statistics, for the last 12 months Month Volume OSE (number) Market price ultimo July 1,821,986 162.06 August 4,257,164 169.76 September 6,881,836 175.42 October 1,809,411 176.50 November 2,040,656 179.34 December 3,697,816 198.06 January 2,136,349 192.00 February 2,216,424 205.65 March 4,278,015 199.52 April 2,757,339 201.20 May 3,933,449 190.30 June 5,041,203 185.84 In addition to the price development shown above, a dividend of NOK 12 was distributed, with effect from March 27, 2026. Q2 2026 | Note 15 Key information about equity certificate Unaudited 56
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Owner fraction (Parent bank) 31.12.2023 31.12.2024 31.12.2025 30.06.26 Equity certificate capital 2,742 2,742 4,331 4,330 Share premium reserve 1,966 1,966 9,305 9,305 Equalisation reserve 2,789 3,604 3,571 3,633 A Total equity certificate capital 7,497 8,311 17,206 17,268 Primary capital 10,750 11,941 19,140 19,239 Compensation fund 36 36 5,517 5,517 Gift fund 150 150 150 150 B Total primary capital 10,936 12,127 24,807 24,906 Owner fraction (A/(A+B)) 40.7 % 40.7 % 41.0 % 40.9 % Weighted owner fraction 40.6 % 40.7 % 40.5 % 41.0 % Q2 2026 | Note 15 Key information about equity certificate Unaudited 57
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Note 16 Securitised debt and subordinated loan capital GROUP Change in debt securities issued – Book value 31.12.25 Issued Matured/ redeemed Change in exchangerate Other changes 30.06.26 Senior bonds 46,191 11,001 -6,353 98 -199 50,737 Covered bonds 211,689 35,715 -24,764 -6,133 2,480 218,986 Debt securities issued 257,880 46,716 -31,117 -6,035 2,280 269,723 Senior non-preferred bonds 21,451 1,150 -2,509 -55 -122 19,914 Subordinated loan capital 5,973 0 -350 0 5 5,628 Residual time to maturity – Nominal amount 0-1 month 1-3 months 3-12 months 1-5 years Over 5 years Total Senior bonds 0 346 12,534 36,880 600 50,360 Covered bonds 0 0 20,173 179,411 20,324 219,907 Senior non-preferred bonds 0 0 1,000 18,219 450 19,669 Subordinated loan capital 0 0 395 5,175 0 5,570 Debt securities issued and subordinated loan capital 0 346 34,101 239,685 21,374 295,506 PARENT BANK Change in debt securities issued – Book value 31.12.25 Issued Matured/ redeemed Change in exchangerate Other changes 30.06.26 Senior bonds 29,382 10,801 -2,550 98 -176 37,554 Senior non-preferred bonds 21,451 1,150 -2,509 -55 -122 19,914 Subordinated loan capital 5,544 0 -300 0 5 5,249 Residual time to maturity – Nominal amount 0-1 month 1-3 months 3-12 months 1-5 years Over 5 years Total Senior bonds 0 0 7,984 28,680 600 37,264 Senior non-preferred bonds 0 0 1,000 18,219 450 19,669 Subordinated loan capital 0 0 395 4,800 0 5,195 Debt securities issued and subordinated loan capital 0 0 9,379 51,699 1,050 62,128 Q2 2026 | Note 16 Securitised debt and subordinated loan capital Unaudited 58
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Profit development – y ear-to-date (group) 30.06.26 31.03.26 31.12.25 30.09.25 30.06.25 31.03.25 31.12.24 30.09.24 30.06.24 Interest income and similar income 15,419 7,601 27,949 19,997 11,920 4,831 18,874 14,015 9,203 Interest expenses and similar expenses 10,250 4,960 18,548 13,340 8,022 3,298 12,715 9,442 6,204 Net interest and credit commission income 5,170 2,641 9,400 6,658 3,898 1,533 6,159 4,573 2,999 Commission income and income from banking services 1,153 524 2,041 1,423 873 344 1,229 874 562 Commission expenses and expenses relating to banking services 197 89 298 235 138 46 164 123 78 Net banking services 956 435 1,743 1,187 735 298 1,065 751 484 Income from ownership interests in associated companies 269 79 483 370 251 77 287 199 114 Net gain/(loss) on financial instruments 190 94 360 323 291 63 114 147 40 Other operating income 6 2 19 7 4 2 2 2 1 Net other operating income 1,420 610 2,604 1,887 1,281 439 1,469 1,098 640 Net operating income 6,590 3,251 12,004 8,544 5,179 1,972 7,628 5,671 3,638 Payroll and general administration expenses 1,699 834 2,876 1,996 1,180 455 1,508 1,091 739 Depreciation 222 113 353 243 135 50 178 130 83 Other operating expenses 168 89 354 188 121 42 204 117 80 Total operating expenses 2,090 1,036 3,582 2,427 1,437 547 1,890 1,338 903 Profit before impairment and tax 4,500 2,215 8,422 6,118 3,742 1,425 5,738 4,333 2,736 Impairment losses on loans and guarantees 136 103 312 263 190 10 97 81 68 Pre-tax profit 4,364 2,112 8,110 5,854 3,552 1,415 5,641 4,253 2,668 Tax 581 96 1,536 1,030 524 83 988 684 342 Profit for the period 3,783 2,016 6,574 4,824 3,028 1,332 4,652 3,568 2,326 AVERAGE TOTAL ASSETS 586,106 579,589 489,016 459,872 413,717 341,998 323,649 320,078 316,598 PROFIT AS PERCENTAGE OF AVERAGE TOTAL ASSETS Interest income and similar income 5.31 5.32 5.72 5.81 5.81 5.73 5.83 5.85 5.85 Interest expenses and similar expenses 3.58 3.53 3.85 3.94 3.97 3.96 3.98 3.99 3.96 Net interest and credit commission income 1.72 1.79 1.87 1.88 1.84 1.77 1.85 1.86 1.86 Commission income and income from banking services 0.40 0.37 0.42 0.41 0.43 0.41 0.38 0.36 0.36 Commission expenses and expenses relating to banking services 0.07 0.06 0.06 0.07 0.07 0.05 0.05 0.05 0.05 Net banking services 0.33 0.30 0.36 0.35 0.36 0.35 0.33 0.31 0.31 Income from ownership interests in associated companies 0.09 0.06 0.10 0.11 0.12 0.09 0.09 0.08 0.07 Net gain/(loss) on financial instruments 0.07 0.07 0.07 0.09 0.14 0.07 0.04 0.06 0.03 Other operating income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Net other operating income 0.49 0.43 0.53 0.55 0.62 0.52 0.45 0.46 0.41 Net operating income 2.21 2.22 2.40 2.43 2.46 2.29 2.31 2.32 2.26 Payroll and general administration expenses 0.58 0.58 0.59 0.58 0.58 0.54 0.47 0.46 0.47 Depreciation 0.08 0.08 0.07 0.07 0.07 0.06 0.06 0.05 0.05 Other operating expenses 0.06 0.06 0.07 0.05 0.06 0.05 0.06 0.05 0.05 Total operating expenses 0.72 0.73 0.73 0.71 0.70 0.65 0.58 0.56 0.57 Profit before impairment and tax 1.49 1.49 1.67 1.72 1.77 1.64 1.72 1.76 1.69 Impairment losses on loans and guarantees 0.05 0.07 0.06 0.08 0.09 0.01 0.03 0.03 0.04 Pre-tax profit 1.44 1.42 1.60 1.64 1.67 1.63 1.69 1.73 1.65 Tax 0.19 0.05 0.30 0.29 0.24 0.09 0.29 0.27 0.20 Profit for the period 1.26 1.37 1.30 1.36 1.43 1.54 1.40 1.45 1.44 Q2 2026 | Profit development – year-to-date (group) Unaudited 59
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Profit development – isola ted (group) Q2 26 Q1 26 Q4 25 Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Interest income and similar income 7,818 7,601 7,951 8,077 7,090 4,831 4,859 4,812 4,695 Interest expenses and similar expenses 5,289 4,960 5,209 5,317 4,725 3,298 3,273 3,238 3,159 Net interest and credit commission income 2,529 2,641 2,743 2,760 2,365 1,533 1,586 1,574 1,536 Commission income and income from banking services 629 524 619 549 529 344 355 312 305 Commission expenses and expenses relating to banking services 109 89 63 97 92 46 41 45 40 Net banking services 521 435 556 452 437 298 314 267 266 Income from ownership interests in associated companies 189 79 113 119 175 77 89 84 78 Net gain/(loss) on financial instruments 96 94 37 32 228 63 -33 107 16 Other operating income 4 2 12 3 2 2 1 1 1 Net other operating income 810 610 717 606 842 439 371 459 360 Net operating income 3,339 3,251 3,460 3,366 3,207 1,972 1,957 2,032 1,896 Payroll and general administration expenses 865 834 880 815 726 455 417 351 377 Depreciation 109 113 110 107 85 50 49 46 43 Other operating expenses 79 89 165 67 79 42 87 37 39 Total operating expenses 1,053 1,036 1,156 990 890 547 553 435 459 Profit before impairment and tax 2,286 2,215 2,304 2,376 2,317 1,425 1,404 1,597 1,437 Impairment losses on loans and guarantees 33 103 49 73 180 10 16 12 25 Pre-tax profit 2,252 2,112 2,255 2,303 2,137 1,415 1,388 1,585 1,412 Tax 486 96 506 506 441 83 304 342 310 Profit for the period 1,766 2,016 1,750 1,796 1,696 1,332 1,084 1,243 1,102 AVERAGE TOTAL ASSETS (for the quarter) 588,302 579,589 575,496 568,710 494,611 341,998 333,639 326,850 320,523 PROFIT AS PERCENTAGE OF AVERAGE TOTAL ASSETS Interest income and similar income 5.33 5.32 5.48 5.63 5.75 5.73 5.79 5.86 5.89 Interest expenses and similar expenses 3.66 3.53 3.65 3.77 3.89 3.96 3.95 3.99 4.01 Net interest and credit commission income 1.67 1.79 1.84 1.87 1.86 1.77 1.84 1.87 1.88 Commission income and income from banking services 0.43 0.37 0.43 0.38 0.43 0.41 0.42 0.38 0.38 Commission expenses and expenses relating to banking services 0.07 0.06 0.04 0.07 0.07 0.05 0.05 0.05 0.05 Net banking services 0.35 0.30 0.38 0.32 0.35 0.35 0.37 0.33 0.33 Income from ownership interests in associated companies 0.13 0.06 0.08 0.08 0.14 0.09 0.11 0.10 0.10 Net gain/(loss) on financial instruments 0.07 0.07 0.03 0.02 0.19 0.07 -0.04 0.13 0.02 Other operating income 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 Net other operating income 0.55 0.43 0.49 0.42 0.68 0.52 0.44 0.56 0.45 Net operating income 2.22 2.22 2.33 2.29 2.54 2.29 2.28 2.42 2.33 Payroll and general administration expenses 0.59 0.58 0.61 0.57 0.59 0.54 0.50 0.43 0.47 Depreciation 0.07 0.08 0.08 0.07 0.07 0.06 0.06 0.06 0.05 Other operating expenses 0.05 0.06 0.11 0.05 0.06 0.05 0.10 0.05 0.05 Total operating expenses 0.72 0.73 0.80 0.69 0.72 0.65 0.66 0.53 0.58 Profit before impairment and tax 1.50 1.49 1.53 1.60 1.82 1.64 1.63 1.89 1.75 Impairment losses on loans and guarantees 0.02 0.07 0.03 0.05 0.15 0.01 0.02 0.02 0.03 Pre-tax profit 1.48 1.42 1.50 1.55 1.67 1.63 1.61 1.88 1.72 Tax 0.32 0.05 0.33 0.34 0.34 0.09 0.35 0.40 0.38 Profit for the period 1.15 1.35 1.15 1.20 1.32 1.54 1.24 1.46 1.33 Q2 2026 | Profit development – isolated (group) Unaudited 60
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Balance sheet development (group) 30.06.26 31.03.26 31.12.25 30.09.25 30.06.25 31.03.25 31.12.24 30.09.24 30.06.24 Assets Cash and receivables from central banks 555 739 86 756 64 443 483 364 540 Loans to and receivables from credit institutions 17,012 8,027 5,412 4,240 14,736 3,796 2,631 111 1,175 Loans to and receivables from customers 503,026 492,400 485,743 472,456 461,454 289,103 282,289 276,303 272,024 Shares, units and other equity instruments 528 523 501 509 513 375 354 768 654 Commercial papers and bonds 61,102 59,933 69,915 70,965 70,515 41,066 39,563 38,976 38,860 Financial derivatives 4,381 3,518 8,272 8,785 9,344 3,872 6,320 6,165 4,629 Shareholdings in associated companies 3,180 3,050 2,971 2,859 2,740 3,486 3,409 3,320 3,003 Deferred tax assets 0 0 0 0 0 374 143 348 205 Pension funds 161 161 161 148 148 148 148 123 123 Other intangible assets 6,099 6,146 6,208 6,096 6,151 553 565 238 247 Tangible fixed assets 1,340 1,353 1,349 1,281 1,262 668 624 628 650 Prepaid expenses 334 257 305 338 256 126 69 56 102 Other assets 1,367 1,355 792 868 934 1,216 1,570 506 589 Total assets 599,086 577,462 581,715 569,302 568,117 345,226 338,167 327,907 322,802 Liabilities and equity Deposits from and liabilities to credit institutions 9,970 8,280 8,815 12,808 15,639 3,614 6,861 6,675 5,237 Deposits from and liabilitiest to customers 231,117 222,131 225,640 221,827 220,906 135,052 135,128 133,614 134,175 Securitised debt 269,723 255,213 257,880 249,902 246,371 156,557 149,910 142,401 141,277 Financial derivatives 2,906 3,437 965 1,278 1,082 1,430 869 858 1,519 Accrued expenses and pre-paid income 486 621 602 510 510 244 234 195 192 Pension commitments 353 384 401 212 214 197 197 167 167 Deferred tax 1,027 931 959 926 683 0 0 0 0 Other provision for commitments 197 216 322 291 268 158 164 176 187 Tax payable 824 480 1,325 786 378 139 906 702 212 Senior non-preferred bonds 19,914 20,528 21,451 20,581 21,007 14,305 13,505 12,359 11,563 Subordinated loan capital 5,628 5,669 5,973 5,446 5,800 2,770 2,769 2,775 2,769 Other liabilities 2,997 7,571 2,630 2,319 4,617 5,381 1,363 2,997 1,709 Total liabilities 545,143 525,459 526,964 516,887 517,473 319,846 311,906 302,917 299,007 Equity certificates 4,332 4,332 4,332 4,240 4,240 2,743 2,743 2,743 2,743 Own equity certificates -2 -1 -1 -2 -9 -1 -1 -7 0 Premium reserve 9,305 9,305 9,305 8,879 8,879 1,966 1,966 1,966 1,966 Equalisation reserve 3,633 3,646 3,571 3,601 3,564 3,604 4,536 2,764 2,791 Total equity certificate capital 17,268 17,283 17,206 16,718 16,674 8,311 9,244 7,467 7,500 Primary capital 19,239 19,241 19,140 19,106 19,114 11,941 13,302 10,750 10,750 Gift fund 150 150 150 150 150 150 150 150 150 Compensation fund 5,517 5,517 5,517 5,377 5,377 36 36 36 36 Total primary capital 24,906 24,908 24,807 24,633 24,641 12,127 13,488 10,936 10,936 Other equity 5,458 3,972 7,264 5,707 4,028 2,461 1,306 4,494 3,274 Hybrid capital 4,875 4,484 4,280 4,252 4,242 2,341 2,079 2,094 2,085 Minority interests 1,436 1,356 1,194 1,105 1,059 139 144 0 0 Total equity 53,943 52,002 54,751 52,415 50,644 25,380 26,261 24,990 23,795 Total liabilities and equity 599,086 577,462 581,715 569,302 568,117 345,226 338,167 327,907 322,802 Q2 2026 | Balance sheet development (group) Unaudited 61
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Explanation of key figures/alternative performance measures – gr oup Net interest margin (as a percentage of average total assets) Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Net interest as shown in the income statement 2,529 2,365 5,170 3,898 9,400 Adjustment for interest on hybrid capital recognised directly in equity -87 -74 -169 -116 -278 Net interest used in relevant key figure 2,442 2,291 5,001 3,782 9,123 Average total assets 588,302 494,611 586,106 413,717 489,016 Number of days in the period 365/91 365/91 365/181 365/181 365/365 Net interest margin 1.67 % 1.86 % 1.72 % 1.84 % 1.87 % Net other operating income as a percentage of net operating income Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Net other operating income as presented in the income statement 810 842 1,420 1,281 2,604 Net operating income as presented in the income statement 3,339 3,207 6,590 5,179 12,004 Adjustment for interest on hybrid capital recognised directly in equity -87 -74 -169 -116 -278 Net operating income adjusted for interests on hybrid capital 3,252 3,133 6,421 5,063 11,727 Net other operating income as a percentage of net operating income 24.9 % 26.9 % 22.1 % 25.3 % 22.2 % Operating expenses as a percentage of net operating income (cost- income) Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Total operating expenses as presented in the income statement 1,053 890 2,090 1,437 3,582 Net operating income 3,339 3,207 6,590 5,179 12,004 Operating expenses as a percentage of net operating income (cost- income) 31.5 % 27.8 % 31.7 % 27.7 % 29.8 % Operating expenses as a percentage of net operating income adjusted for financial instruments Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Total operating expenses as presented in the income statement 1,053 890 2,090 1,437 3,582 Net operating income 3,339 3,207 6,590 5,179 12,004 Adjustment for financial instruments as presented in the income statement -96 -228 -190 -291 -360 Net operating income adjisted for financial instruments 3,243 2,978 6,400 4,888 11,645 Operating expenses as a percentage of net operating income adjusted for financial instruments 32.5 % 29.9 % 32.6 % 29.4 % 30.8 % Return on equity Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Profit after tax as presented in the income statement 1,767 1,696 3,783 3,028 6,574 Adjustment for interest on hybrid capital recognised directly in equity -87 -74 -169 -116 -278 Profit attributable to non-controlling interests -43 -21 -84 -23 -83 Profit after tax adjusted for interest on hybrid capital and non-controlling interests 1,637 1,601 3,530 2,890 6,213 Average equity excluding hybrid capital and non-controlling interests 46,918 37,633 47,326 31,140 39,140 Number of days in the period 365/91 365/91 365/181 365/181 365/365 Return on equity 14.0 % 17.1 % 15.0 % 18.7 % 15.9 % Return on Equity Adjusted for Merger Effects ("RoTE") Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Profit after tax adjusted for interest on hybrid capital and non-controlling interests (see ROE) 1,637 1,601 3,530 2,890 6,213 Amortisation of intangible assets related to the merger in 2025 44 29 88 29 115 Tax effect of amortisation of intangible assets related to the merger in 2025 -11 -7 -22 -7 -29 Profit for the calculation of return on equity adjusted for merger effects ("RoTE") (A) 1,670 1,623 3,596 2,911 6,300 Average equity excluding hybrid capital and minority interests in the ROE calculation 46,918 37,633 47,326 31,140 39,140 Intangible assets resulting from the merger in 2025 (average) -5,503 -3,665 -5,525 -1,832 -3,657 Deferred tax related to intangible assets resulting from the merger in 2025 (average) 436 312 442 156 307 Denominator for the return on equity adjusted for merger effects ("RoTE") (B) 41,851 34,280 42,242 29,463 35,790 Number of days in the period 365/91 365/91 365/181 365/181 365/365 Return on equity adjusted for merger effects ("RoTE") (A/B annualised) 16.0 % 19.0 % 17.2 % 19.9 % 17.6 % Q2 2026 | Explanation of key figures/alternative performance measures – group Unaudited 62
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Earnings per equity certificate Q2 26 Q2 25 01.01- 30.06.26 01.01- 30.06.25 2025 Profit after tax adjusted for interest on hybrid capital (see above) 1,637 1,601 3,530 2,890 6,213 Weighted average equity ratio before profit allocation 41.0 % 40.5 % 41.0 % 40.6 % 40.5 % Average number of outstanding equity certificates during the year 173,229,049 149,805,902 173,231,010 129,846,603 150,092,519 Earnings per equity certificate 3.87 4.33 8.35 9.03 16.78 Lending growth, past 12 months Q2 26 Q2 25 2025 Gross lending (period-end) 504,914 463,247 487,477 Gross lending 12 months ago 463,247 272,912 283,174 Change over the past 12 months 9.0 % 69.7 % 72.1 % Deposit growth, past 12 months Q2 26 Q2 25 2025 Deposits from customers (period-end) 231,117 220,906 225,640 Deposits from customers 12 months ago 220,906 134,175 135,128 Change over the past 12 months 4.6 % 64.6 % 67.0 % Deposit coverage Q2 26 Q2 25 2025 Net loans to customers 503,026 461,454 485,743 Customer deposits 231,117 220,906 225,640 Deposit coverage (deposits as percentage of lending) 45.9 % 47.9 % 46.5 % Loss and default on loans Q2 26 Q2 25 2025 Gross lending at the balance sheet date 504,914 463,247 487,477 Loan losses for the period 136 190 312 Loan losses 365/181 365/181 365/365 Loan losses as a percentage of gross lending (period-end) 0.05 % 0.08 % 0.06 % Gross lending at the balance sheet date 504,914 463,247 487,477 Non-performing exposures (NPEs) (>90 days) 1,373 1,293 1,331 NPEs (>90 days) as a percentage of gross lending (period-end) 0.27 % 0.28 % 0.27 % Gross lending at the balance sheet date 504,914 463,247 487,477 Credit-impaired exposures 4,539 3,160 3,272 Credit-impaired exposures as a percentage of gross lending (period-end) 0.90 % 0.68 % 0.67 % Q2 2026 | Explanation of key figures/alternative performance measures – group Unaudited 63