Interim report
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Q3 2026 Unaudited Sparebanken Norge 29-10-2026
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Table of Contents Board of Directors report ....................................................................................................................................................................................................................................................................... 4 Third Quarter 2026........................................................................................................................................................................................................................................................................... 6 Year-to-date 2026 .......................................................................................................................................................................................................................................................................... 10 Development in lending and deposits..................................................................................................................................................................................................................................... 10 Risk and capital factors.................................................................................................................................................................................................................................................................. 11 Business in subsidiaries and associated companies........................................................................................................................................................................................................ 16 Post balance sheet events........................................................................................................................................................................................................................................................... 18 Outlook ................................................................................................................................................................................................................................................................................................ 19 Financial highlights, Group.................................................................................................................................................................................................................................................................. 21 Income statement.................................................................................................................................................................................................................................................................................... 23 Statement of comprehensive income.......................................................................................................................................................................................................................................... 24 Balance sheet............................................................................................................................................................................................................................................................................................. 25 Cash flow statement .............................................................................................................................................................................................................................................................................. 26 Changes in equity.................................................................................................................................................................................................................................................................................... 27 Note 1 Accounting policies................................................................................................................................................................................................................................................................ 29 Note 2 Segment information............................................................................................................................................................................................................................................................ 30 Note 3 Classification of financial assets and liabilities.................................................................................................................................................................................................... 32 Note 4 Net interest and credit commission income........................................................................................................................................................................................................... 34 Note 5 Net other operating income ............................................................................................................................................................................................................................................. 35 Note 6 Operating expenses.............................................................................................................................................................................................................................................................. 36 Note 7 Losses on loans, guarantees, unused credit facilities and loan approvals.......................................................................................................................................... 37 Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval..................................................................................................... 38 Note 9 Breakdown of gross lending between different stages of IFRS 9............................................................................................................................................................. 43 Note 10 Defaults and non-performing loans .......................................................................................................................................................................................................................... 44 Note 11 Loans by sector and industry......................................................................................................................................................................................................................................... 45 Note 12 Deposits by sector and industry.................................................................................................................................................................................................................................. 46 Note 13 Valuation hierarchy for financial instruments at fair value .......................................................................................................................................................................... 47 Note 14 Capital adequacy.................................................................................................................................................................................................................................................................. 49 Note 15 Key information about equity certificate ................................................................................................................................................................................................................ 51 Note 16 Securitised debt and subordinated loan capital ................................................................................................................................................................................................ 52 Profit development – year-to-date (group) .............................................................................................................................................................................................................................. 53 Q3 2026 | Table of Contents Unaudited 2
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Profit development – isolated (group) ......................................................................................................................................................................................................................................... 54 Balance sheet development (group) ............................................................................................................................................................................................................................................ 55 Explanation of key figures/alternative performance measures – group................................................................................................................................................................. 56 Q3 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 minority 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. Q3 2026 | Board of Directors report Unaudited 4
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Q3 2026 • Return on equity of 12.7 (14.5) % • Net interest income of NOK 2,664 (2,760) million • Net commission income of NOK 493 (452) million • Cost-to-income ratio of 31.8 (29.4 ) % despite merger-related costs of approximately NOK 26 million • Impairments on loans and guarantees of NOK 97 (73) million • CET1 ratio of 18.1 (18.1 ) %, well above the capital adequacy target of 15.9 % Year-to-date 2026 • Good return on equity of 14.2 (16.9) % • Net interest income of NOK 7,833 (6,658) million • Net commission income of NOK 1,449 (1,187) million • Low cost-to-income ratio of 31.8 (28.4) % despite merger-related costs of approximately NOK 75 million • Continued low impairments on loans and guarantees of NOK 233 (263) million Key Figures Q3 2026 Q3 2025 YTD 2026 YTD 2025 2025 Pre-tax profit (NOKm) 2,138 2,303 6,502 5,854 8,110 Profit per equity certificate 3.66 4.01 12.00 12.95 16.78 Net interest (annualised) 1.70 % 1.87 % 1.71 % 1.88 % 1.87 % Cost/Income ratio 31.8 % 29.4 % 31.8 % 28.4 % 29.8 % Return on equity (annualised) 12.7 % 14.5 % 14.2 % 16.9 % 15.9 % Return on equity adjusted for merger effects 14.5 % 16.5 % 16.2 % 18.5 % 17.6 % Common Equity Tier 1 ratio (1) 18.1 % 18.1 % 18.1 % 18.1 % 17.5 % 1) The CET1 ratio at the end of Q3 2026/2025 includes 50% of the profit year-to-date in line with the dividend policy. The CET1 ratio without profit accumulation was 17.0 (17.0) %. Q3 2026 | Board of Directors report Unaudited 5
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Report for Q3 2026 Table 1: Main figures NOKm Q3 2026 Q3 2025 YTD 2026 YTD 2025 2025 Net interest income and credit commissions 2,664 2,760 7,833 6,658 9,400 Commissions receivable and income from banking services 603 549 1,756 1,423 2,041 Commissions payable and cost of banking services 110 97 308 235 298 Net banking services 493 452 1,449 1,187 1,743 Income from owner interests in group companies 124 119 393 370 483 Net gain/(loss) on financial instruments -3 32 187 323 360 Other operating income 0 3 6 7 19 Net other operating income 615 606 2,035 1,887 2,604 Net operating income 3,279 3,366 9,868 8,544 12,004 Salaries and general administration expenses 859 815 2,558 1,996 2,876 Depreciation 112 107 334 243 353 Other operating expenses 73 67 241 188 354 Total operating expenses 1,044 990 3,133 2,427 3,582 Profit before write-downs and tax 2,235 2,376 6,735 6,118 8,422 Write-downs and losses on loans and guarantees 97 73 233 263 312 Profit before tax 2,138 2,303 6,502 5,854 8,110 Taxes 461 506 1,042 1,030 1,536 Profit for the period 1,677 1,796 5,460 4,824 6,574 Third Quarter 2026 Sparebanken Norge recorded a pre-tax profit of NOK 2,138 (2,303) million for Q3 2026. The bank’s return on equity (ROE) was 12.7 (14.5) %. Figure 1: Development in ROE as % 14.5%14.5% 13.5%13.5% 16.1%16.1% 14.0%14.0% 12.7%12.7% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 0.0% 2.5% 5.0% 7.5% 10.0% 12.5% 15.0% 17.5% Q3 2026 | Board of Directors report Unaudited 6
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Net interest income amounted to NOK 2,664 (2,760) million. Net interest as a percentage of average assets under management was 1.70 (1.87) %. The lending margins in the retail and corporate markets in the banking group measured against the average 3-month Nibor rate were 0.66 (1.18) and 2.15 (2.55) 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 1.73 (1.26) and 1.15 (0.97) 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 493 (452) million in the quarter. Underlying growth remains solid in income from real estate brokerage, insurance commissions, savings and investment services, and asset management. Q3 2026 | Board of Directors report Unaudited 7
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Table 2: Net commission income NOKm Q3 2026 Q3 2025 YTD 2026 YTD 2025 2025 Guarantee commissions 17 20 56 57 79 Fees from payment transfers 153 151 428 332 483 Income from insurance 63 59 219 149 307 Commission income from savings and investment products 46 37 132 101 147 Commission income from asset management 53 36 156 95 135 Real estate broking commission 160 148 467 401 534 Other commissions and fees 1 0 -8 52 58 Commission income and income from banking services 493 452 1,449 1,187 1,743 The net contribution from financial instruments amounted to minus NOK 3 (32) million in the quarter. The result for the quarter is negatively impacted by valuation effects resulting from increased credit spreads on bonds in the liquidity portfolio. Table 3: Financial instruments NOKm Q3 2026 Q3 2025 YTD 2026 YTD 2025 2025 Dividend 0 1 24 18 42 Gain/(loss) on shares 26 -2 36 92 89 Gain/(loss) on commercial papers and bonds* -72 -29 -45 15 8 Gain/(loss) on financial instruments, recognised at fair value* 39 -7 51 50 152 Gain/(loss) on customer and own trading 36 34 124 121 154 Net gain/(loss) on financial instruments designated for hedge accounting -15 35 16 34 -77 Other -17 0 -19 -8 -8 Net gain/loss on financial instruments -3 32 187 323 360 *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 31.8 (29.4) %. Nominal operating expenses for the quarter amounted to NOK 1,044 (990) 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 31.0 %. Q3 2026 | Board of Directors report Unaudited 8
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Table 4: Operating expenses NOKm Q3 2026 Q3 2025 YTD 2026 YTD 2025 2025 Payroll expenses including empl. nat.ins.contributions 503 492 1,490 1,131 1,624 Pension expenses 62 55 148 116 174 Other personnel expenses 32 27 94 78 122 External fees 41 31 156 151 221 IT expenses 192 174 565 418 600 Marketing 29 36 106 101 135 Payroll and general administration expenses 859 815 2,558 1,996 2,876 Depreciation 112 107 334 243 353 Operating expenses, premises 6 7 36 28 35 Wealth tax 0 0 0 0 70 Other operating expenses 67 61 205 161 248 Total other operating expenses 73 67 241 188 354 Total operating expenses 1,044 990 3,133 2,427 3,582 The number of full-time equivalents (FTEs) in the Group was 1,648 (1,605). Overall, Sparebanken Norge has 6 more FTEs in its banking operations at the end of the third 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, Vestfold, Nordmør e, Mo I Rana, Trondheim and Tromsø. Br age finans has 16 FTEs more compared with the same quarter last year. Within real estate brokerage, Eiendomsmegler Norge has 4 more FTEs at the end of the third quarter of 2026 compared with the same period last year. Table 5: Number of full-time equivalents (FTEs) Quarterly Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Number of full-time equivalents (Group) 1648 1649 1,660 1,644 1,605 1,621 The overall profit contribution from associated companies amounted to NOK 124 (119) 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 Q3 2026 Q3 2025 YTD 2026 YTD 2025 2025 Frende Holding 120 116 342 273 381 Norne Securities 2 2 9 6 9 Brage Finans (subsidiary after the merger) 0 0 0 68 68 Balder 0 0 33 20 21 Other companies 2 0 9 2 4 Net profit from associated companies 124 119 393 370 483 Total impairments on loans and guarantees amounted to net NOK 97 (73) million in the quarter, of which NOK 89 million was an increase in specific loan loss provisions and write-offs, and NOK 7 million was an increase of model-based loss provisions. Brage Finans AS accounts for net write-downs of NOK 38 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. Q3 2026 | Board of Directors report Unaudited 9
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Year-to-date 2026 Sparebanken Norge reports a year-to-date profit before tax of NOK 6,502 (5,854) million. The return on equity was 14.2 (16.9) %. Net interest income amounted to NOK 7,833 (6,658) million. Net interest as a percentage of average assets under management was 1.71 (1.88) %. Net commission income amounted to NOK 1,449 (1,187) 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 187 (323) million. The financial result year-to-date has been positively impacted by revenues from customer trading in derivatives through the Bank’s Markets business, valuation effects on the Bank’s issued debt securities, as well as gains and dividend income from the Bank’s equity portfolio. Associated companies contributed of NOK 393 (370) million. Reference is made to the later section on the activities of subsidiaries and associated companies for a more detailed description of the developments in each company. Total operating expenses for the first nine months amounted to NOK 3,133 (2,427) million. Operating expenses as a percentage of net operating income amounted to 31.8 (28.4) %. Merger-related costs associated with the mergers between Sparebanken Sør and Sparebanken Vest, as well with Oslofjord Sparebank, amounted to approximately NOK 75 million. Adjusted for these merger- related costs, the cost-to-income ratio would have been approximately 31.0 %. Impairment losses on loans and guarantees amounted to NOK 233 (263) million, of which NOK 428 million related to increases in specific loss provisions and realized losses, while NOK 195 million represented a reversal of model-based loss provisions. Of the total impairment losses recognized year-to-date, Brage Finans Group accounted for a net NOK 93 million. Development in lending and deposits Gross lending increased by NOK 39.0 (197.0) billion to NOK 513.2 (474.2) billion from Q3 2025, corresponding to year-on-year growth of 8.2 (71.1) %. Growth in lending in the quarter amounted to 1.6 (2.4) %. Table 7: Lending growth Growth last 12 months Growth last quarter Lending total 8.2 % 1.6 % Lending retail customers 7.8 % 1.4 % - of which Bulder 1.8 % 0.1 % Lending corporate customers 9.2 % 2.2 % Gross lending to retail customers amounted to NOK 357.0 (331.2) billion, corresponding to lending growth of 7.8 (56.9) % for the past 12 months and 1.4 (2.9) % for the last quarter. Seen in isolation, lending growth in the retail market portfolio, excluding Bulder, was around 6.6 (68.8) % for the past 12 months and 1.7 (1.0) % 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 77.9 (72.1) billion at the end of the quarter. Lending growth in the Bulder concept amounted to NOK 5.8 (14.5) billion for the past 12 months and NOK 0.3 (6.6) billion for the last quarter. Loan growth in Bulder was somewhat more moderat during the last quarter compared with last year. Q3 2026 | Board of Directors report Unaudited 10
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Gross lending to corporate customers amounted to NOK 156.2 (143.0) billion, corresponding to lending growth of 9.2 (116.3) % for the past 12 months and 2.2 (1.3) % 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 233.4 (221.8) billion, corresponding to year-on-year growth of 5.2 (66.0) %. Growth in deposits in the quarter amounted to 1.0 (0.4) %. Table 8: Growth in deposits Growth last 12 months Growth last quarter Deposits total 5.2 % 1.0 % Deposits retail customers 7.8 % -1.2 % - of which Bulder 3.2 % 0.3 % Deposits corporate customers 1.9 % 4.2 % Deposits break down as follows: NOK 134.8 (125.1) billion from retail customers and NOK 98.6 (96.7) billion from corporate customers. Deposit growth from retail customers, excluding Bulder, amounted to 5.4 (66.5) % for the past 12 months and minus 1.8 (minus 1.1) % for the quarter. The volume of deposits in the Bulder concept increased by NOK 4.0 (5.7) billion for the past 12 months and NOK 0.4 (0.5) 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 30.8 (27.7) % at the end of the quarter. The growth in deposits from corporate customers was 1.9 (72.2) % over the last 12 months and 4.2 (1.7) % in the quarter. Changes related to tax withholding accounts have had a negative impact on deposit growth over the past 12 months. 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 97.1 (97.6) % of this portfolio. Defaults and other credit-impaired exposures to retail customers amounted to a total of NOK 974 (797) 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 Q3 2026 | Board of Directors report Unaudited 11
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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 3,833 (2,587) million, which corresponds to 2.45 (1.81) % of gross lending to corporate customers. The increase is due to increased uncertainty within property development, beyond this the increase is company specific. Defaults and other credit-impaired exposures came to 0.94 (0.71) % for retail and corporate customers combined. Figure 2 – Defaults and other credit-impaired exposures 797797 738738 840840 940940 974974 2,5872,587 2,5342,534 3,6663,666 3,5993,599 3,8333,833 0.71%0.71% 0.67%0.67% 0.91%0.91% 0.90%0.90% 0.94%0.94% Retail customers Corporate customers Share of gross lending Q3 25 Q4 25 Q1 26 Q2 26 Q3 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 2,170 (2,050) 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 45 (61) %, providing a good basis for continued low losses. Q3 2026 | Board of Directors report Unaudited 12
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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 433433 428428 623623 660660 737737 1,6171,617 1,6291,629 1,4931,493 1,4261,426 1,4331,43361%61% 63%63% 47%47% 46%46% 45%45% Individual write-downs Model based write-downs Write-downs as % of defaults and other credit-impaired exposures Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 0 500 1,000 1,500 2,000 2,500 20.0% 40.0% 60.0% 80.0% 100.0% The ratio was 42 (69) % for retail customers and 46 (58) % 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 634 (653) million at the end of the quarter. The bank’s stock market exposure (excluding subsidiaries and associates) amounted to NOK 479 (509) 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 179 (186) %. The bond portfolio amounted to approximately NOK 61 (71) billion. The bank’s deposit-to-loan ratio was 45.7 (47.0) % at the end of the quarter, while the net stable funding ratio (NSFR) was 120 (118) %. During the quarter, the bank issued bonds of approximately NOK 24 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 307 (280) billion, with an average remaining maturity of 2.9 (2.7) years. Covered bonds account for approximately 73 (74) % of the bank’s capital market funding at the end of the quarter. Q3 2026 | Board of Directors report Unaudited 13
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Rating In October 2026, 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 3.66 (4.01) for the quarter. At the end of the quarter, book equity per equity certificate amounted to NOK 116.3 (112.2). The price of the equity certificate at the same time was NOK 212.1 (175.4), giving a price-to-book ratio at the end of the quarter of 1.82 (1.56). 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. Capital adequacy The bank’s consolidated CET1 ratio was 18.1 (18.1) %1 at the end of the quarter. Earnings accumulation during the quarter has a positive effect on the CET1 ratio, but this effect is partly offset by growth in the business segments. 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 Q3 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 17.0 (17.0) %. Q3 2026 | Board of Directors report Unaudited 14
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Figure 4: Capital adequacy * *The percentage above the bars shows total capital adequacy at the end of each quarter. 18.1%18.1% 17.5%17.5% 18.1%18.1% 18.1%18.1% 18.1%18.1% 2.0%2.0% 2.0%2.0% 2.1%2.1% 2.2%2.2% 2.0%2.0% 2.5%2.5% 2.8%2.8% 2.6%2.6% 2.5%2.5% 2.6%2.6% 22.7%22.7% 22.3%22.3% 22.8%22.8% 22.8%22.8% 22.8%22.8% CET1 Additional Tier 1 capital Tier 2 Capital 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% The leverage ratio was 7.3 (7.3) % 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 Q3 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 6.8 (6.9) %. Q3 2026 | Board of Directors report Unaudited 15
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Figure 5: Leverage Ratio 7.3%7.3% 7.2%7.2% 7.5%7.5% 7.2%7.2% 7.3%7.3% 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 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 12 (18) million in the third quarter and NOK 48 (67) million year-to-date. The overall year-to-date result is somewhat affected by start-up costs related to expansion into new geographical markets. In Western Norway, Eiendomsmegler Norge AS has a market share of 11.4 (13.3) % in the quarter and 11.4 (13.2) % year-to-date. In the Agder counties, the company has a market share of 24.5 (26.0) % in the quarter and 24.7 (26.6) % year-to-date. Sparebanken Norge Boligkreditt (100 % holding) manages gross loans (mortgages) in the amount of NOK 239.6 (213.5) billion. At the end of September 2026, the company issued covered bonds in the amount of NOK 224.4 (207.8) billion. 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 33.7 (29.6) billion, corresponding to year-on-year growth of 14 (16) %. Q3 2026 | Board of Directors report Unaudited 16
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The pre-tax profit amounted NOK 158 (158) million for the third quarter and NOK 492 (462) year-to-date. Return on equity after tax amounted to 9.6 (11.3) % in the quarter and 10.7 (11.0) % year-to-date. Net interest income for the quarter amounted to NOK 281 (256) million and NOK 840 (740) year-to-date. The increase is mainly the result of portfolio growth. The cost-to-income ratio is 29.5 (30.1) % for the quarter and 27.6 (28.6) % year-to-date. Losses and impairments amounted to NOK 38 (13) million for the quarter and NOK 93 (48) million year-to-date. 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 18.0 (17.9) %, 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 year-to-date. The pre-tax profit recognized in Sparebanken Norge Group amounted to NOK 18 (7) million for the quarter and NOK 54 (14) million year-to-date. 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 124 (119) 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. Frende Holding AS recorded a pre-tax profit of NOK 237 (230) million in the quarter and NOK 647 (578) year-to-date. An increase in interest rates in September led to a decline in bond prices, resulting in lower-than-expected investment returns for the quarter. The financial result for the quarter amounted to NOK 52 (82) million, including interest expenses related to subordinated debt. Year-to-date, the financial result totalled NOK 216 (309) million, corresponding to a return of 3.25 (5.11) per cent on actively invested funds. Frende Skadeforsikring AS recorded a pre-tax profit of NOK 219 (213) million in the third quarter, and NOK 561 (480) million year- to-date. The company has a total of NOK 4,030 (3,540) million in premiums, and a market share of 3.8 (3.3) % in the non-life insurance market in Norway by the end of the first quarter of 2026. The loss ratio is 62.1 (62.2) % and the combined ratio is 80.0 (79.7) % in the third quarter. Year-to-date, the figures are respectively 67.9 (70.4) % and 84.2 (87.4) %. 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 20 (18) million for the quarter and NOK 119 (104) million year-to-date. The life insurance business recorded a risk result for the first nine months 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 third quarter, the portfolio premium amounted to NOK 946 (832) million. The bank’s share of profits from Frende Holding AS was NOK 120 (116) million for the quarter and NOK 342 (273) million year-to- date. Q3 2026 | Board of Directors report Unaudited 17
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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. There is also solid activity across other sectors. Norne acted as one of the lead managers in the IPO of Outlet Group Holding ASA in Q3 2026. Market activity is expected to remain strong throughout Q4. The bank’s share of profits from Norne Securities AS was NOK 2 (2) million for the third quarter and NOK 9 (6) million year-to-date. Balder Betaling (70.81 % 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 9.2 % in Vipps Holding AS, which owns 72.2 % of the shares in Vipps MobilePay AS and 100 % of Stø AS (f ormerly BankID BankAxept). The bank’s share of profits from Balder Betaling amounted to NOK 0 (0) million for the quarter and NOK 33 (20) year-to-date. 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. Q3 2026 | Board of Directors report Unaudited 18
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Outlook Market area The third quarter was marked by continued international uncertainty, dominated by the conflict between the United States and Iran. This conflict has constrained the supply of oil to global markets, resulting in elevated prices for both oil and other commodities. Throughout the third quarter, oil prices were volatile but increased from USD 73 to USD 97 per barrel. For the Norwegian economy, high oil prices translate into higher government revenues, as well as continued strong activity in the petroleum sector and related supplier industries. While a weaker global economy points towards lower interest rates, the effects of high oil prices through increased global inflation and sustained economic activity in Norway support the case for a higher policy rate in Norway. In September, Norges Bank raised the policy rate for the second time this year, bringing it to 4.5%. At the same time, Norges Bank’s interest rate path indicated that rates are not expected to fall below current levels before 2028. This reflects the fact that inflation has proven significantly more persistent than Norges Bank had previously anticipated. Economic activity in Norway remains strong, although there are signs of some easing in capacity pressures, and businesses report that it has become easier to recruit labour. At the same time, employment has continued to grow, and registered unemployment remains at a very low level of 2.0%. However, the prolonged period of high interest rates continues to weigh heavily on the real estate, construction, and civil engineering sectors, which stand out with low activity levels and weak prospects. New home sales have remained at very low levels since 2023, contributing to a growing imbalance in the housing market. The existing home market has remained relatively resilient; however, as of the end of September, twelve-month house price growth was only 2.4% nationwide. House prices have increased most strongly in Western Norway and Northern Norway, while growth in Eastern Norway has been close to zero. In the Bank’s primary market areas, house price growth has been in the upper range, reaching 7.6% in Vestland, 7.4% in Mør e og Romsdal, 6.7% in Rogaland, and 3.9% in Agder. Continued high household savings rates and rising real disposable incomes indicate that households’ capacity to purchase homes is gradually increasing. Nevertheless, high interest rates and expectations of further rate increases continue to dampen investment appetite. In the short term, there is therefore little to suggest a significant recovery in residential construction activity. As interest rates eventually decline and confidence in both the national economy and households’ own financial situation improves, housing demand is expected to increase. According to Norges Bank, this is unlikely to occur before 2028, and this appears to be a reasonable timeline to expect. Sparebanken Norge The Board is satisfied with the bank’s performance, growth and development in the first nine months 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. Q3 2026 | Board of Directors report Unaudited 19
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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 December 2026, is expected overall to have a positive impact on the bank’s net interest margin. 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, 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. Kristiansand, 29 October 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 Q3 2026 | Board of Directors report Unaudited 20
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Financial highlights, Group Change Summary of profit and loss Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Q3 26 vs Q2 26 Q3 26 vs Q3 25 Net interest and credit commission income 2,664 2,760 7,833 6,658 9,400 135 -96 Net commission income and income from banking services 493 452 1,449 1,187 1,743 -28 41 Income from associated companies 124 119 393 370 483 -65 5 Net gain/(loss) on financial instruments -3 32 187 323 360 -99 -34 Other operating income 0 3 6 7 19 -4 -3 Net operating income 3,279 3,366 9,868 8,544 12,004 -60 -87 Operating expenses 1,044 990 3,133 2,427 3,582 -10 54 Impairment losses on loans and guarantees 97 73 233 263 312 63 24 Profit/loss before tax expense 2,138 2,303 6,502 5,854 8,110 -114 -164 Tax expense 461 506 1,042 1,030 1,536 -25 -46 Profit/loss for the period 1,677 1,796 5,460 4,824 6,574 -89 -119 Equity certificates share of profit/loss divided by the number of equity certificates 3.66 4.01 12.00 12.95 16.78 Q3 2026 | Financial highlights, Group Unaudited 21
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Key figures Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Profitability Return on equity after tax 12.7 % 14.5 % 14.2 % 16.9 % 15.9 % Return on equity adjusted for merger effects (see APM) 14.5 % 16.5 % 16.2 % 18.5 % 17.6 % Net interest as a percentage of average total assets 1.70 % 1.87 % 1.71 % 1.88 % 1.87 % Net other operating income as a percentage of net operating income 19.3 % 18.4 % 21.2 % 22.6 % 22.2 % Operating expenses as a percentage of net operating income (cost- income) 31.8 % 29.4 % 31.8 % 28.4 % 29.8 % Operating expenses as a percentage of net operating income, corrected for financial instruments 31.8 % 29.7 % 32.4 % 29.5 % 30.8 % Losses and defaults Losses on loans as a percentage of gross lending 0.06 % 0.07 % 0.06 % Non-performing exposures (>90 days) as a percentage of gross lending (period end) 0.27 % 0.32 % 0.27 % Credit-impaired exposures as a percentage of gross lending (period end) 0.94 % 0.71 % 0.67 % Balance sheet figures and liquidity 30.09.26 30.09.25 31.12.25 Total assets 604,683 569,302 581,715 Average total assets 601,928 568,710 590,758 459,872 489,016 Gross loans to customers 513,217 474,216 487,477 Lending growth, last 12 months 8.2 % 71.1 % 72.1 % Customer deposits 233,425 221,827 225,640 Deposit growth, last 12 months 5.2 % 66.0 % 67.0 % Deposit coverage 45.7 % 47.0 % 46.5 % Liquidity Coverage Ratio (LCR) 179 % 186 % 197 % Capital adequacy Risk-weighted balance sheet total 221,742 210,747 213,538 Core Tier 1 capital adequacy 18.1 % 18.1 % 17.5 % Core capital adequacy 20.2 % 20.1 % 19.5 % Capital adequacy, transitional arrangement 22.8 % 22.7 % 22.3 % Leverage ratio 7.3 % 7.3 % 7.2 % Personnel Number of full-time equivalents 1,648 1,605 1,644 Number of branch offices 72 67 68 The equity certificate Owner fraction on balance sheet date 40.8 % 40.4 % 41.0 % Weighted owner fraction in the period 41.0 % 40.5 % 40.5 % Equity cert. Capital's share of profit/loss divided by no of equity certificates (NOK) 3.66 4.01 12.00 12.95 16.78 Book equity per equity certificate 116.3 112.2 116.5 Listed price of equity certificate 212.1 175.4 198.1 Price-to-book 1.82 1.56 1.70 Q3 2026 | Financial highlights, Group Unaudited 22
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Income statement PARENT BANK GROUP 2025 01.01- 30.09.25 01.01- 30.09.26 Q3 25 Q3 26 Notes Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 12,776 9,173 11,105 3,642 3,912 Interest income from asset valued at amortised cost 7,295 6,811 20,681 16,691 23,463 3,535 2,549 2,926 1,055 1,062 Interest income from asset valued at fair value 1,074 1,265 3,107 3,306 4,485 9,481 6,856 8,206 2,747 2,948 Interest expenses and similar expenses 5,706 5,317 15,955 13,340 18,548 6,829 4,866 5,825 1,950 2,026 Net interest income and net credit commission income 4 2,664 2,760 7,833 6,658 9,400 1,665 1,184 1,155 301 397 Commission income and income from banking services 603 549 1,756 1,423 2,041 233 182 200 67 80 Commission expenses and expenses relating to banking services 110 97 308 235 298 1,338 106 89 0 13 Income from ownership interests in associated companies 124 119 393 370 483 227 171 191 -11 -50 Net gain/(loss) on financial instruments -3 32 187 323 360 17 6 4 5 0 Other operating income 0 3 6 7 19 3,014 1,286 1,239 227 281 Net other operating income 5 615 606 2,035 1,887 2,604 9,843 6,151 7,064 2,177 2,307 Net operating income 3,279 3,366 9,868 8,544 12,004 2,263 1,589 1,973 632 655 Payroll and general administration expenses 859 815 2,558 1,996 2,876 304 209 287 92 95 Depreciation 112 107 334 243 353 211 94 117 35 33 Other operating expenses 73 67 241 188 354 2,778 1,892 2,377 758 782 Total operating expenses 6 1,044 990 3,133 2,427 3,582 7,065 4,259 4,687 1,419 1,524 Profit before impairment and tax 2,235 2,376 6,735 6,118 8,422 206 192 147 64 49 Impairment losses on loans and guarantees 7,8 97 73 233 263 312 6,859 4,067 4,539 1,355 1,476 Pre-tax profit 2,138 2,303 6,502 5,854 8,110 1,313 936 657 323 337 Tax 461 506 1,042 1,030 1,536 5,546 3,131 3,883 1,032 1,138 Profit for the period 1,677 1,796 5,460 4,824 6,574 2,954 2,954 3,656 961 1,060 Allocated to equity classes 1,548 1,683 5,078 4,573 6,213 246 176 227 71 78 Allocated to Additional Tier 1 capital 89 82 258 198 278 0 0 Allocated to minority interests 40 31 124 54 83 0 0 0 0 14.31 8.36 8.64 2.13 2.51 Profit/Diluted profit per equity certificate 3.66 4.01 12.00 12.95 16.78 Q3 2026 | Income statement Unaudited 23
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Statement of comprehensive income PARENT BANK GROUP 2025 01.01- 30.09.25 01.01- 30.09.26 Q3 25 Q3 26 Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 5,546 3,131 3,883 1,032 1,138 Profit/loss for the period 1,677 1,796 5,460 4,824 6,574 -6 0 0 0 0 Estimate variance, pensions 0 0 0 0 -6 -99 -44 34 -1 65 Changes in fair value due to credit risk – debt securities issued 77 -53 -21 -300 -397 0 0 0 0 0 Base margin from hedging instruments related to hedge accounting 81 54 46 84 77 26 11 -9 0 -16 Tax on other profit/loss elements -36 0 -7 49 75 -79 -33 26 -1 49 Total other comprehensive income in the period after tax 121 1 18 -166 -251 5,467 3,098 3,908 1,031 1,187 Total profit for the period 1,799 1,798 5,478 4,658 6,323 Q3 2026 | Statement of comprehensive income Unaudited 24
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Balance sheet PARENT BANK GROUP 31.12.25 30.09.25 30.09.26 Notes 30.09.26 30.09.25 31.12.25 Assets 86 756 508 Cash and receivables from central banks 508 756 86 28,236 22,666 35,250 Loans to and receivables from credit institutions 16,473 4,240 5,412 233,957 229,704 238,315 Loans to and receivables from customers 8,9,10,11 511,242 472,456 485,743 493 501 470 Shares, units and other equity instruments 479 509 501 70,922 72,642 72,841 Commercial papers and bonds 61,263 70,965 69,915 5,621 5,561 8,325 Financial derivatives 2,251 8,785 8,272 17,445 17,481 17,346 Shareholdings in group companies 2,096 2,097 2,114 Shareholdings in associated companies 3,291 2,859 2,971 0 0 0 Deferred tax assets 0 0 0 148 134 148 Pension assets 161 148 161 5,670 5,552 5,528 Other intangible assets 6,050 6,096 6,208 1,195 1,133 1,176 Tangible fixed assets 1,331 1,281 1,349 1,494 153 299 Prepaid expenses 288 338 305 334 350 848 Other assets 1,345 868 792 367,695 358,729 383,168 Total assets 604,683 569,302 581,715 Liabilities and equity 22,725 27,956 23,074 Deposits from and liabilitiest to credit institutions 1,234 12,808 8,815 225,788 221,923 233,592 Deposits from and liabilities to customers 12 233,425 221,827 225,640 29,382 24,264 40,216 Debt securities issued 16 276,714 249,902 257,880 7,137 7,269 6,926 Financial derivatives 6,279 1,278 965 379 492 301 Accrued expenses and pre-paid income 508 510 602 386 197 341 Pension obligation 356 212 401 1,218 727 672 Tax liabilities 1,171 786 1,325 129 167 452 Deferred taxes 1,168 926 959 318 287 193 Other provision for commitments 8 196 291 322 21,451 20,581 20,201 Senior non-preferred bonds 16 20,201 20,581 21,451 5,544 5,016 5,501 Subordinated loan capital 16 5,881 5,446 5,973 2,157 1,758 1,821 Other liabilities 2,291 2,319 2,630 316,613 310,638 333,292 Total liabilities 549,425 516,887 526,964 4,332 4,240 4,332 Equity certificates 15 4,332 4,240 4,332 -1 -2 -13 Own equity certificates -13 -2 -1 9,305 8,879 9,305 Premium reserve 9,305 8,879 9,305 3,571 3,601 3,557 Equalisation reserve 3,557 3,601 3,571 17,206 16,718 17,182 Total equity certificate capital 17,182 16,718 17,206 19,140 19,106 19,239 Primary capital 19,239 19,106 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 24,633 24,906 Total primary capital 24,906 24,633 24,807 27 27 0 Reserve for unrealised gains 5,222 2,922 3,682 Other equity 7,127 5,707 7,264 Minority interests 1,477 1,105 1,194 3,820 3,792 4,106 Hybrid capital 4,566 4,252 4,280 51,082 48,091 49,876 Total equity 55,258 52,415 54,751 367,695 358,729 383,168 Total liabilities and equity 604,683 569,302 581,715 Q3 2026 | Balance sheet Unaudited 25
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Cash flow statement GROUP Q3 26 Q3 25 2025 Cash flows from operations Interest, commission and customer fees received 23,165 18,443 26,076 Interest, commission and customer fees paid -2,207 -1,365 -6,643 Interest received on other investments 2,359 2,189 3,129 Interest paid on other borrowings -10,547 -8,558 -12,021 Payments to other suppliers for goods and services -1,163 -781 -1,217 Payment to employees, pension schemes, National Insurance contributions, tax withholdings etc. -1,931 -1,270 -1,475 Payment of taxes -995 -902 -900 Net cash flow from operations 8,681 7,755 6,948 Cash flows from investment activities Payments made/received on loans to customers -26,154 -26,536 -34,956 Payments made/received on receivables and tied-up loans to financial institutions -11,462 -1,154 -1,931 Dividends received for securities 24 18 42 Payments made/received on purch./sales of shares 47 128 276 Payments made/received on purch./sales of other securities 7,603 1,369 2,837 Payments received from investments in associated companies 72 118 149 Payments made to investments in associated companies 0 0 0 Payments received from sale of fixed assets 47 16 22 Payments made on purchases of operating assets etc. -111 -54 -88 Addition through merger 0 511 1,400 Net cash flows from investment activities -29,934 -25,585 -32,250 Cash flows from financing activities Payments made/received on customer deposits 4,342 10,201 7,929 Payments made/received on deposits from Norges Bank and other financial institutions -7,011 5,359 5,602 Payments received relating to subordinated loan capital 1,398 750 1,250 Payments related to redemptions of subordinated loan capital -1,229 -595 -595 Payments received on issuing bond debt 71,335 38,637 65,417 Payments made related to redemption of bond debt -42,380 -34,060 -52,377 Dividends paid / Donations for the public benefit -4,780 -2,190 -2,322 Net cash flow from financing activities 21,675 18,103 24,905 Net cash flow for the period 422 273 -397 Net change in cash and cash equivalents 422 273 -397 Cash and cash equivalents at beginning of period 86 483 483 Cash and cash equivalents at end of period 508 756 86 Q3 2026 | Cash flow statement Unaudited 26
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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 4,573 54 198 4,824 Other comprehensive income -166 -166 Distributed dividend and donations -933 -1,361 -7 -2,300 Purchase/sale of own equity certificates -1 0 -1 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 Discount of equity certificates sold to employees with a lock-in period -5 -8 0 -13 Minority interest's share of share issue in subsidiary 74 74 Redemption of minority shareholders -5 -54 -59 Issue of new hybrid capital 300 300 Redemption of hybrid capital -200 -200 Interest paid on hybrid capital -170 -170 Equity at 30.09.25 4,240 -2 8,879 3,601 19,106 150 5,377 5,707 1,105 4,252 52,415 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 5,078 124 258 5,460 Other comprehensive income 18 18 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 -11 -83 -94 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 16 164 179 Purchase of shares from minority interests -17 -17 Issue of hybrid capital 900 900 Redemption of hybrid capital -629 -629 Interest paid on hybrid capital -243 -243 Equity at 30.09.26 4,332 -13 9,305 3,557 19,239 150 5,517 7,127 1,477 4,566 55,258 Q3 2026 | Changes in equity Unaudited 27
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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 2,954 176 3,131 Other comprehensive income -33 -33 Purchase/sale of own equity certificates -1 0 -1 Share issue related to merger 1,497 6,913 3 7,172 5,341 1,585 22,511 Discount of equity certificates sold to employees with a lock-in period -5 -8 -13 Issue of new hybrid capital 300 300 Redemption of hybrid capital -200 -200 Interest paid on hybrid capital -149 -149 Equity at 30.09.25 4,240 -2 8,879 3,601 19,106 150 5,377 27 2,922 3,792 48,091 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 3,656 227 3,883 Other comprehensive income 26 26 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 -11 -83 -94 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 -629 -629 Interest paid on hybrid capital -211 -211 Equity at 30.09.26 4,332 -13 9,305 3,557 19,239 150 5,517 0 3,682 4,106 49,876 Q3 2026 | Changes in equity Unaudited 28
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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 merger between Sparebanken Norge and Oslofjord Sparebank was completed with accounting effect from 1 December 2025. The comparative figures for 2025 include the results of the former Sparebanken Sør and Oslof jord Sparebank from their respective merger dates. The results for 2026 reflect the combined operations for the entire period and are therefore not directly comparable with the corresponding periods in 2025. The balance sheet figures as at 30 September 2026 also include the former Oslofjord Sparebank, which was not included in the balance sheet as at 30 September 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, Sør landets Forsikringssenter AS and Borea Asset Management. 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. Q3 2026 | Note 1 Accounting policies Unaudited 29
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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- 30.09.26 Corporate market Retail market Bulder Real estate Brage Finans Not allo- cated by segment Total Income statement Net interest income 2,252 2,776 264 2 840 1,700 7,833 Other operating income 410 593 36 466 -29 559 2,035 Operating expenses -195 -411 -98 -420 -223 -1,786 -3,133 Loss -125 -22 7 0 -93 0 -233 Pre-tax profit 2,342 2,935 210 48 494 473 6,502 Tax expense -1,042 Profit for the period 5,460 30.09.26 Balance sheet Net lendings 118,674 281,343 77,861 0 33,364 0 511,242 Deposits 72,604 116,201 23,978 0 0 20,641 233,425 Banking operations 01.01- 30.09.25 Corporate market Retail market Bulder Treasury Real estate Not allo- cated by segment Total Income statement Net interest income 2,060 2,560 304 2 423 1,308 6,658 Other operating income 340 451 35 400 -14 674 1,887 Operating expenses -139 -396 -101 -336 -113 -1,341 -2,427 Loss -254 29 -12 0 -26 0 -263 Pre-tax profit 2,007 2,644 226 67 269 641 5,854 Tax expense -1,030 Profit for the period 4,824 30.09.25 Balance sheet Net lendings 110,560 260,548 72,025 0 29,323 0 472,456 Deposits 78,132 110,184 19,936 0 0 13,576 221,827 Q3 2026 | Note 2 Segment information Unaudited 30
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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 Q3 2026 | Note 2 Segment information Unaudited 31
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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. 30.09.26 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 508 508 Loans to and receivables from credit institutions 16,473 16,473 Loans to and receivables from customers 20,041 491,202 511,242 Shares, units and other equity instruments 479 479 Certificates and bonds 61,263 61,263 Financial derivatives 645 1,606 2,251 Total financial assets 62,387 20,041 0 1,606 508,183 592,217 Financial commitments Deposits from and liabilities to credit institutions 1,234 1,234 Deposits from and liabilities to customers 8,570 224,855 233,425 Securitised debt1) 37,721 93,291 145,701 276,714 Financial derivatives 3,343 2,936 6,279 Other provisions for liabilities 196 196 Senior non-preferred bonds1) 8,619 11,582 20,201 Subordinated loan capital 419 5,462 5,881 Total financial liabilities 3,762 54,911 0 96,228 389,030 543,931 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. 30.09.26 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 508 508 Loans to and receivables from credit institutions 35,250 35,250 Loans to and receivables from customers 10,108 103,592 124,615 238,315 Shares, units and other equity instruments 470 470 Certificates and bonds 72,841 72,841 Financial derivatives 8,325 8,325 Total financial assets 81,636 10,108 103,592 0 160,374 355,710 Financial commitments Deposits from and liabilities to credit institutions 23,074 23,074 Deposits from and liabilities to customers 8,570 225,022 233,592 Securitised debt 1) 21,410 18,806 40,216 Financial derivatives 6,926 6,926 Other provisions for liabilities 193 193 Senior non-preferred bonds1) 8,619 11,582 20,201 Subordinated loan capital 419 5,082 5,501 Total financial liabilities 7,345 38,599 0 0 283,760 329,705 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. Q3 2026 | Note 3 Classification of financial assets and liabilities Unaudited 32
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30.09.25 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 756 756 Loans to and receivables from credit institutions 4,240 4,240 Loans to and receivables from customers 24,827 447,629 472,456 Shares, units and other equity interests 509 509 Certificates and bonds 70,965 70,965 Financial derivatives 1,822 6,964 8,785 Total financial assets 73,297 24,827 0 6,964 452,626 557,713 Financial liabilities Deposits from and liabilities to credit institutions 12,808 12,808 Deposits from and liabilities to customers 6,733 215,095 221,827 Securitised debt1) 34,663 86,831 128,408 249,902 Financial derivatives 980 298 1,278 Other provisions for liabilities 291 291 Senior non-preferred bonds1) 7,555 13,026 20,581 Subordinated loan capital 428 5,018 5,446 Total financial liabilities 1,408 48,951 0 87,129 374,646 512,133 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. 30.09.25 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 756 756 Loans to and receivables from credit institutions 22,666 22,666 Loans to and receivables from customers 12,792 101,884 115,028 229,704 Shares, units and other equity interests 501 501 Certificates and bonds 72,642 72,642 Financial derivatives 5,561 5,561 Total financial assets 78,704 12,792 101,884 0 138,450 331,829 Financial commitments Deposits from and liabilities to credit institutions 27,956 27,956 Deposits from and liabilities to customers 6,733 215,191 221,923 Securitised debt1) 8,775 15,489 24,264 Financial derivatives 7,269 7,269 Other provisions for liabilities 287 287 Senior non-preferred bonds1) 7,555 13,026 20,581 Subordinated loan capital 428 4,588 5,016 Total financial liabilities 7,697 23,063 0 0 276,537 307,297 1) Changes in fair value relating to changes in own credit risk are recognised in the statement of comprehensive income. Q3 2026 | Note 3 Classification of financial assets and liabilities Unaudited 33
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Note 4 Net interest and credit commission income PARENT BANK GROUP 2025 01.01- 30.09.25 01.01- 30.09.26 Q3 25 Q3 26 Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 1,109 870 886 295 405 Interest and similar income from loans to and receivables from credit institutions valued at amortised cost 108 65 196 183 259 11,666 8,302 10,220 3,348 3,507 Interest and similar income from loans to and receivables from customers valued at amortised cost 7,187 6,746 20,485 16,508 23,204 679 499 492 192 167 Interest and similar income from loans to and receivables from customers valued at fair value 322 378 948 1,097 1,440 2,855 2,051 2,434 863 895 Interest and similar income from commercial papers, bonds and other interest-bearing securities 752 887 2,159 2,209 3,046 16,310 11,722 14,032 4,697 4,974 Interest income and similar income 8,369 8,077 23,789 19,997 27,949 559 410 568 183 229 Interest and similar expenses on debt to credit institutions 7 90 51 225 308 6,343 4,620 5,204 1,825 1,832 Interest and similar expenses on deposits from and liabilities to customers 1,829 1,775 5,179 4,494 6,171 2,174 1,537 2,060 623 759 Interest and similar expenses on issued securities 3,728 3,323 10,309 8,302 11,622 264 188 241 77 84 Interest and similar expenses on subordinated loan capital 84 77 241 188 264 19 13 19 5 6 Other interest expenses etc.1) 11 10 35 21 31 122 88 114 34 38 Fee Norwegian Banks' Guarantee Fund 47 42 140 109 151 9,481 6,856 8,206 2,747 2,948 Interest expenses and similar expenses 5,706 5,317 15,955 13,340 18,548 6,829 4,866 5,825 1,950 2,026 Net interest and credit commission income 2,664 2,760 7,833 6,658 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. Q3 2026 | Note 4 Net interest and credit commission income Unaudited 34
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Note 5 Net other operating income PARENT BANK GROUP 2025 01.01- 30.09.25 01.01- 30.09.26 Q3 25 Q3 26 Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 79 57 56 20 17 Guarantee commissions 17 20 56 57 79 659 476 572 206 210 Fees from payment transfers 213 208 581 481 666 290 139 194 53 55 Income from insurance 63 59 219 149 307 152 107 138 39 48 Commission income from savings and investment products 48 39 138 107 152 0 0 0 0 Commission income from asset management 53 36 156 95 135 0 0 0 0 Real estate broking commission 160 148 467 401 534 328 292 101 -48 34 Commission income from group companies 0 0 0 0 158 112 94 31 34 Other commissions and fees 49 38 140 133 169 1,665 1,184 1,155 301 397 Commission income and income from banking services 603 549 1,756 1,423 2,041 180 147 149 56 58 Fees payment transfers 60 57 153 148 183 5 6 6 2 2 Expenses related to savings and investment products 2 2 6 6 5 48 29 45 9 19 Other commissions and fees 48 38 149 81 111 233 182 200 67 80 Commission expenses and expenses relating to banking services 110 97 308 235 298 0 0 0 1,432 1,002 955 234 317 Net banking services 493 452 1,449 1,187 1,743 0 0 0 1,338 106 89 0 13 Income from shareholdings in group companies and associated companies 124 119 393 370 483 42 18 37 1 0 Dividend 0 1 24 18 42 38 41 100 -2 26 Gain/(loss) on shares 26 -2 36 92 89 9 22 -67 -23 -105 Gain/(loss) on commercial papers and bonds1) -72 -29 -45 15 8 -1 -28 -10 -22 -8 Gain/(loss) on financial instruments, designated at fair value1) 39 -7 51 50 152 141 121 133 34 39 Gain/(loss) related to positions to customers and trading 36 34 124 121 154 0 0 0 0 Net gain/(loss) on financial instruments designated for hedge accounting -15 35 16 34 -77 -3 -2 -3 0 -1 Other gain/(loss) -17 0 -19 -8 -8 227 171 191 -11 -50 Net gain/(loss) on financial instruments -3 32 187 323 360 17 6 4 5 0 Other operating income 0 3 6 7 19 17 6 4 5 0 Other operating income 0 3 6 7 19 3,014 1,286 1,239 227 281 Net other operating income 615 606 2,035 1,887 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. Q3 2026 | Note 5 Net other operating income Unaudited 35
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Note 6 Operating expenses PARENT BANK GROUP 2025 01.01- 30.09.25 01.01- 30.09.26 Q3 25 Q3 26 Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 1,182 832 1,048 352 346 Payroll expenses, incl. employer’s national insurance contributions 503 492 1,490 1,131 1,624 146 98 119 47 51 Pension expenses 62 55 148 116 174 96 63 69 20 25 Other personnel expenses 32 27 94 78 122 180 130 139 24 37 External fees 41 31 156 151 221 546 382 512 159 173 IT expenses 192 174 565 418 600 113 85 87 30 23 Marketing 29 36 106 101 135 2,263 1,589 1,973 632 655 Payroll and general administration expenses 859 815 2,558 1,996 2,876 304 209 287 92 95 Depreciation 112 107 334 243 353 21 14 24 5 4 Operating expenses, premises 6 7 36 28 35 70 0 0 0 0 Wealth tax 0 0 0 0 70 120 80 94 30 29 Other operating expenses 67 61 205 161 248 211 94 117 35 33 Total other operating expenses 73 67 241 188 354 2,778 1,892 2,377 758 782 Total operating expenses 1,044 990 3,133 2,427 3,582 Q3 2026 | Note 6 Operating expenses Unaudited 36
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Note 7 Losses on loans, guarantees, unused credit facilities and loan approvals PARENT BANK GROUP 2025 01.01- 30.09.25 01.01- 30.09.26 Q3 25 Q3 26 Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 85 101 271 40 50 Losses on loans in the period 98 51 359 170 188 121 92 -124 24 -1 Losses on off-balance items in the period -1 22 -126 94 124 206 192 147 64 49 Loss cost for the period 97 73 233 263 312 Q3 2026 | Note 7 Losses on loans, guarantees, unused credit facilities and loan approvals Unaudited 37
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Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval 30.09.26 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) 120 -108 -8 4 -4 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -50 69 -18 1 -1 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -4 -54 65 7 -7 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed -3 -8 -81 -92 92 0 Net new measurement of losses -203 82 216 95 247 342 Newly issued or acquired financial assets 151 86 85 322 117 439 Financial assets derecognised -172 -161 -198 -531 -136 -667 Loss provision closing balance 444 404 586 1,434 736 2,170 Loan loss provision 383 367 539 1,289 685 1,974 Provision for guarantees, unused credit facilities and loan approvals 61 37 47 145 51 196 Total loss provision 444 404 586 1,434 736 2,170 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 456,030 32,401 3,026 491,458 1,718 493,176 of which corporate marked 128,007 21,486 2,151 151,644 1,656 153,301 of which retail marked 328,023 10,915 875 339,813 62 339,876 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 319 294 437 1,050 712 1,762 Retail customers 125 110 149 384 24 408 Total impairment losses 444 404 586 1,434 736 2,170 Loss cost for the period Changes in individual impairment for the period 437 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 52 Confirmed loss in the period with no previous individual impairment -40 Recoveries in previously confirmed impairments -21 Net effect on profit/loss from individual impairments 428 Changes in losses for the period, calculated by model (Stage 1–3) -195 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 233 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 456,030 32,401 3,026 491,458 1,718 493,176 Impairment loss -383 -367 -539 -1,289 -685 -1,974 Net lending recognised at amortised cost in the balance sheet 455,647 32,034 2,487 490,169 1,033 491,202 Loans valued at fair value 20,041 Capitalised lending closing balance 511,242 Q3 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 38
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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. Q3 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 39
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30.09.25 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) 68 -56 -5 7 -7 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -18 63 -45 -1 1 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -3 -47 50 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed -1 -5 -6 -12 12 0 Net new measurement of losses -45 83 78 116 76 192 Newly issued or acquired financial assets 176 130 34 340 40 380 Financial assets derecognised -71 -147 -70 -288 -138 -426 Addition through merger 118 243 295 656 199 855 Loss provision closing balance 486 614 518 1,617 433 2,050 Loan loss provision 407 558 417 1,381 378 1,760 Provision for guarantees, unused credit facilities and loan approvals 79 56 101 236 55 291 Total loss provision 486 614 518 1,617 433 2,050 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 414,907 31,331 2,096 448,334 1,055 449,389 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 316 422 365 1,102 399 1,501 Retail customers 170 192 153 515 35 549 Total impairment losses 486 614 518 1,617 433 2,050 Loss cost for the period Changes in individual impairment for the period -16 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 79 Confirmed loss in the period with no previous individual impairment 86 Recoveries in previously confirmed impairments -11 Net effect on profit/loss from individual impairments 138 Changes in losses for the period, calculated by model (Stage 1–3) 125 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 263 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 414,907 31,331 2,096 448,334 1,055 449,389 Impairment loss -407 -558 -417 -1,381 -378 -1,760 Net lending recognised at amortised cost in the balance sheet 414,500 30,772 1,680 446,952 677 447,629 Loans valued at fair value 24,827 Capitalised lending closing balance 472,456 Q3 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 40
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30.09.26 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) 82 -77 -5 0 0 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -46 54 -8 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -4 -50 58 5 -5 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed -2 -5 -78 -85 85 0 Net new measurement of losses -151 60 171 80 197 278 Newly issued or acquired financial assets 115 70 77 262 114 376 Financial assets derecognised -149 -146 -176 -470 -115 -585 Loss provision closing balance 330 327 467 1,124 574 1,698 Loan loss provision 271 290 420 982 523 1,505 Provision for guarantees, unused credit facilities and loan approvals 59 37 47 143 51 193 Total loss provision 330 327 467 1,124 574 1,698 Loss cost for the period Changes in individual impairment for the period 276 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 52 Confirmed loss in the period with no previous individual impairment 46 Recoveries in previously confirmed impairment -19 Net effect on profit/loss from individual impairments 355 Changes in losses for the period, calculated by model (Stage 1–3) -208 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 147 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 202,275 24,167 2,231 228,674 1,038 229,712 Impairment loss -271 -290 -420 -982 -523 -1,505 Net lending 202,004 23,877 1,811 227,692 515 228,207 Loans valued at fair value 10,108 Capitalised lending closing balance 238,315 Q3 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 41
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30.09.25 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) 53 -44 -3 6 -6 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -17 56 -39 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Calculated by model -2 -43 45 0 0 0 Transferred to lifetime ECL – objective evidence of loss (Stage 3) – Individually assessed -1 0 -2 -4 4 0 Net new measurement of losses -27 66 48 87 74 160 Newly issued or acquired financial assets 147 115 19 282 26 308 Financial assets derecognised -63 -135 -54 -253 -113 -366 Addition through merger 73 199 253 525 66 592 Loss provision closing balance 395 512 428 1,335 302 1,637 Loan loss provision 319 456 328 1,103 247 1,350 Provision for guarantees, unused credit facilities and loan approvals 77 56 100 232 55 287 Total loss provision 395 512 428 1,335 302 1,637 Loss cost for the period Changes in individual impairment for the period -14 Currency gain and other changes 0 Confirmed loss in the period with previous individual impairment 79 Confirmed loss in the period with no previous individual impairment 55 Recoveries in previously confirmed impairments -7 Net effect on profit/loss from individual impairments 112 Changes in losses for the period, calculated by model (Stage 1–3) 80 Losses and impairments for the period on loans, guarantees, unused credit and loan approvals 192 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 193,865 22,295 1,520 217,680 582 218,262 Impairment loss -319 -456 -328 -1,103 -247 -1,350 Net lending recognised at amortised cost in the balance sheet 193,546 21,839 1,193 216,577 335 216,912 Loans valued at fair value 12,792 Capitalised lending closing balance 229,704 Q3 2026 | Note 8 Losses and impairments on loans, guarantees, unused credit facilities and loan approval Unaudited 42
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Note 9 Breakdown of gross lending between different stages of IFRS 9 30.09.26 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) 10,439 -10,360 -56 23 -23 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -11,896 12,049 -139 14 -14 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Model-based -433 -1,216 1,670 21 -21 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Individually assessed -393 -307 -195 -895 895 0 Newly issued or acquired financial assets 136,158 8,362 394 144,914 84 144,998 Financial assets derecognised – excluding impairment loss -109,804 -10,376 -869 -121,049 -229 -121,278 Net change in existing loans 5,099 736 125 5,960 -111 5,848 Gross lending closing balance recognised at amortised cost 456,030 32,401 3,026 491,458 1,718 493,176 Impairment loss -383 -367 -539 -1,289 -685 -1,974 Net lending at closing balance recognised at amortised cost 455,647 32,034 2,487 490,169 1,033 491,202 Lending valued at fair value 20,041 Capitalised lending closing balance 511,242 0 Gross lending recognised at amortised cost, allocated to different stages closing balance 456,030 32,401 3,026 491,458 1,718 493,176 * Of which corporate customers 129,711 21,486 2,151 153,349 1,656 155,005 * Of which retail customers 326,319 10,915 875 338,109 62 338,171 30.09.25 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) 5,305 -5,225 -82 -2 2 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 2) -6,488 6,702 -275 -60 60 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Model-based -210 -584 810 16 -16 0 Transferred to lifetime ECL – no objective evidence of loss (Stage 3) – Individually assessed -119 -199 -39 -357 357 0 Newly issued or acquired financial assets 238,576 16,300 1,160 256,036 879 256,915 Financial assets derecognised – excluding impairment loss -64,668 -7,150 -468 -72,285 -405 -72,690 Net change in existing loans 3,626 1,153 -9 4,769 -214 4,555 Gross lending closing balance recognised at amortised cost 414,907 31,331 2,096 448,334 1,055 449,389 Impairment loss -407 -558 -417 -1,381 -378 -1,760 Net lending at closing balance recognised at amortised cost 414,500 30,772 1,680 446,952 677 447,629 Lending valued at fair value 24,827 Capitalised lending closing balance 472,456 0 Gross lending recognised at amortised cost, allocated to different stages closing balance 414,907 31,331 2,096 448,334 1,055 449,389 * Of which corporate customers 118,327 18,596 1,413 138,335 1,006 139,341 * Of which retail customers 296,580 12,735 684 309,999 49 310,048 Q3 2026 | Note 9 Breakdown of gross lending between different stages of IFRS 9 Unaudited 43
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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 30.09.26 30.09.26 Retail customers Corporate customers Total Retail customers Corporate customers Total 245 376 621 Gross loans in defaults of payment exceeding 90 days 502 893 1,395 190 2,499 2,689 Gross other defaults and non performing loans 471 2,940 3,411 434 2,875 3,309 Gross default and non performing loans 974 3,833 4,807 -91 -852 -943 - Total impairments stage 3 -172 -1,053 -1,225 343 2,023 2,366 Net default and other problem loans 802 2,780 3,582 PARENT BANK GROUP 30.09.25 30.09.25 Retail customers Corporate customers Total Retail customers Corporate customers Total 247 635 882 Gross loans in defaults of payment exceeding 90 days 430 1,102 1,532 136 1,119 1,254 Gross other defaults and non performing loans 367 1,485 1,852 382 1,754 2,136 Gross default and non performing loans 797 2,587 3,384 -130 -444 -575 - Total impairments stage 3 -183 -612 -795 252 1,310 1,562 Net default and other problem loans 614 1,975 2,589 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 30.09.26 30.09.26 Retail customers Corporate customers Total Retail customers Corporate customers Total 132 1,564 1,696 Up to 30 days 612 1,928 2,540 93 396 488 31-90 days 194 544 739 245 376 621 More than 90 days 502 893 1,395 469 2,336 2,805 Gross loans in payment default 1,309 3,364 4,674 PARENT BANK GROUP 30.09.25 30.09.25 Retail customers Corporate customers Total Retail customers Corporate customers Total 109 960 1,070 Up to 30 days 689 1,404 2,094 82 441 524 31-90 days 222 532 753 247 635 882 More than 90 days 430 1,102 1,532 439 2,037 2,476 Gross loans in payment default 1,341 3,038 4,379 Q3 2026 | Note 10 Defaults and non-performing loans Unaudited 44
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Note 11 Loans by sector and industry PARENT BANK GROUP 31.12.25 30.09.25 30.09.26 30.09.26 30.09.25 31.12.25 17,184 17,439 18,168 Primary industries 21,642 20,406 20,311 5,594 5,302 5,291 Manufacturing and mining 8,750 8,593 9,031 4,337 3,756 4,462 Power and water supply 4,804 4,022 4,635 14,123 12,715 14,997 Building and construction 21,326 18,241 19,824 4,130 4,574 4,058 Commerce 6,456 6,513 6,178 10,839 9,612 12,114 International shipping and transport 16,142 13,317 14,635 1,054 1,118 1,765 Hotel and restaurants 2,125 1,501 1,393 49,702 46,759 53,860 Property management 54,857 47,701 50,710 10,658 13,722 9,815 Services 18,942 21,558 18,491 297 275 227 Municipal/public sector 287 281 362 716 839 853 Other financial undertakings 862 855 730 118,633 116,112 125,608 Total corporate sector 156,193 142,987 146,300 116,636 114,942 114,212 Retail customers 357,024 331,229 341,177 235,268 231,054 239,820 Total gross loans to customers 513,217 474,216 487,477 1,312 1,350 1,505 Total impairments on loans 1,974 1,760 1,734 233,957 229,704 238,315 Total net loans to customers 511,242 472,456 485,743 Q3 2026 | Note 11 Loans by sector and industry Unaudited 45
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Note 12 Deposits by sector and industry PARENT BANK GROUP 31.12.25 30.09.25 30.09.26 30.09.26 30.09.25 31.12.25 8,797 9,012 7,398 Primary industries 7,398 9,012 8,797 10,995 11,436 9,718 Manufacturing and mining 9,718 11,436 10,995 2,770 1,665 2,066 Power and water supply 2,066 1,665 2,770 9,023 7,041 7,759 Building and construction 7,759 7,041 9,023 4,107 3,969 4,727 Commerce 4,727 3,969 4,107 6,865 6,757 7,484 International shipping and transport 7,484 6,757 6,865 1,094 1,424 1,317 Hotel and restaurants 1,317 1,424 1,094 12,546 11,402 12,396 Property management 12,335 11,317 12,492 27,072 25,631 27,846 Services 27,733 25,577 26,971 9,804 12,860 10,489 Municipal/public sector 10,489 12,860 9,805 6,022 5,652 7,560 Other financial undertakings 7,560 5,688 6,022 99,095 96,850 98,761 Total corporate sector 98,587 96,747 98,940 126,693 125,073 134,832 Retail customers 134,838 125,080 126,700 225,788 221,923 233,592 Total deposits to customers 233,425 221,827 225,640 Q3 2026 | Note 12 Deposits by sector and industry Unaudited 46
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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 30.09.26 Level 1 Level 2 Level 3 Total Assets Loans to and receivables from customers 20,041 20,041 Shares, units and other equity instruments 272 207 479 Commercial papers and bonds 20,840 40,424 61,263 Financial derivatives 645 645 Financial derivatives designated for hedge accounting 1,606 1,606 Total 21,112 42,675 20,248 84,034 Liabilities Deposits from and liabilities to customers 8,570 8,570 Securitised debt 37,721 37,721 Securitised debt designated for hedge accounting 20,326 20,326 Financial derivatives 3,343 3,343 Financial derivatives designated for hedge accounting 2,936 2,936 Senior non-preferred bonds 8,619 8,619 Subordinated loan capital 419 419 Total 0 81,935 0 81,935 Loans to customers Shares Financial instruments in level 3 – opening balance 23,869 243 Additions/acquisitions 3,146 43 Sales/redemption/repayment -6,758 -95 This years value adjustment -217 17 Addition through merger 0 0 Reclassification between levels 1 and 3 0 0 Financial instruments in level 3 – closing balance 20,041 207 Q3 2026 | Note 13 Valuation hierarchy for financial instruments at fair value Unaudited 47
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Financial instruments valued at fair value GROUP 30.09.25 Level 1 Level 2 Level 3 Total Assets Loans to and receivables from customers 24,827 24,827 Shares, units and other equity instruments 297 213 509 Certificates and bonds 24,804 46,161 70,965 Financial derivatives 1,822 1,822 Financial derivatives designated for hedge accounting 6,964 6,964 Total 25,101 54,947 25,040 105,087 Liabilities Deposits from and liabilities to customers 6,733 6,733 Securitised debt 34,663 34,663 Securitised debt designated for hedge accounting 27,659 27,659 Financial derivatives 980 980 Financial derivatives designated for hedge accounting 298 298 Senior non-preferred bonds 7,555 7,555 Subordinated loan capital 428 428 Total 0 78,316 0 78,316 Loans to customers Shares Financial instruments in level 3 – opening balance 22,564 130 Additions/acquisitions 1,738 12 Sales/redemption/repayment -4,354 -125 This year's value adjustment 72 -15 Addition through merger 4,807 211 Reclassification between levels 2 and 3 0 0 Financial instruments in level 3 – closing balance 24,827 213 Q3 2026 | Note 13 Valuation hierarchy for financial instruments at fair value Unaudited 48
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Note 14 Capital adequacy PARENT BANK GROUP 31.12.25 30.09.25 30.09.26 Capital adequacy 30.09.26 30.09.25 31.12.25 Risk-weighted assets (RWA) 41,298 36,353 49,722 Corporates – Other 49,707 36,362 41,307 612 687 503 Corporates – Specialised 503 687 612 25,693 23,305 27,008 Retail – Secured by property 77,946 62,738 68,756 1,469 1,343 0 Retail – Other 0 1,348 1,482 0 10,772 0 Equity positions IRB 0 0 0 69,072 72,461 77,232 Total credit risk IRB 128,156 101,136 112,157 66 64 320 Central governments or central banks 332 91 83 8,219 7,809 15,313 Institutions 1,577 1,392 1,335 2,952 2,199 2,007 Corporates 13,309 14,205 13,534 4,183 555 3,077 Retail 17,922 10,023 18,560 27,093 38,956 18,523 Secured by property 27,277 52,589 35,938 998 1,077 896 Past due exposures 1,822 1,982 1,798 3,825 4,100 3,540 Covered bonds 3,677 4,267 4,190 21,866 14,394 21,883 Equity 5,422 4,296 4,768 2,041 2,635 1,981 Other items 3,331 3,480 2,439 71,242 71,788 67,541 Total credit risk standardised approach (SA) 74,670 92,325 82,645 13,287 11,090 13,287 Operational risk 17,544 16,071 17,544 686 653 1,237 Risk of credit valuation adjustment for counterparty (CVA) 1,372 1,216 1,193 154,287 155,993 159,297 Total risk-weighted assets (RWA) 221,742 210,747 213,538 Own funds 4,332 4,240 4,332 Equity certificates 4,332 4,240 4,332 -1 -2 -13 Deductions for own equity certificates -13 -2 -1 9,305 8,879 9,305 Premium reserve 9,305 8,879 9,305 19,140 19,106 19,239 Primary capital 19,239 19,106 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 3,601 3,557 Equalisation reserve 3,557 3,601 3,571 5,248 2,948 3,682 Other equity 7,127 5,707 7,264 Minority interests 1,477 1105 1194 47,262 44,299 45,770 Total book equity excluding hybrid capital 50,692 48,163 50,472 Deductions -5,207 -5,061 -5,096 Goodwill and other intangible assets -6,259 -6,275 -6,387 Including effects of regulatory scope of consolidation 0 0 0 116 74 89 Adj. for unrealised losses/(gains) on debt recorded at fair value 75 -14 60 -227 -224 -241 Value adjustments due to the requirements for prudent valuation -141 -176 -171 -489 -489 -489 Adj. for investments in other financial institutions -641 -621 -622 -428 -294 -531 Adjusted expected losses IRB-portfolios -716 -384 -592 -14 -13 -35 Other deductions -267 -215 -229 -5,077 -1,477 -1,828 Profit not eligible for Common Equity Tier 1 capital -2,539 -2,287 -5,077 35,935 36,815 37,638 Common Equity Tier 1 capital 40,205 38,191 37,452 3,775 3,735 4,046 Additional Tier 1 capital 4,506 4,195 4,235 39,710 40,550 41,684 Total Tier 1 capital 44,711 42,386 41,687 5,490 4,945 5,442 Tier 2 instruments - Supplementary capital 5,822 5,374 5,920 45,200 45,495 47,127 Own funds 50,533 47,760 47,607 Minimum requirement 12,343 12,479 12,744 Own funds, minimum requirement; 8% 17,739 16,860 17,083 32,857 33,015 34,383 Own funds, regulatory surplus 32,794 30,900 30,524 28,992 29,796 30,470 of which surplus Common Equity Tier 1 to cover buffer requirement 30,226 28,707 27,843 Q3 2026 | Note 14 Capital adequacy Unaudited 49
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PARENT BANK GROUP 31.12.25 30.09.25 30.09.26 Capital adequacy 30.09.26 30.09.25 31.12.25 Buffer requirements 3,857 3,900 3,982 Capital conservation buffer requirement; 2,5% 5,544 5,269 5,338 6,943 7,020 7,168 Systemic risk buffer requirement; 4,5% 9,978 9,484 9,609 3,857 3,900 3,982 Countercyclical buffer requirement; 1,5% 5,544 5,269 5,338 14,657 14,819 15,133 Total buffer requirement Common Equity Tier 1 21,065 20,021 20,286 14,335 14,976 15,337 Common Equity Tier 1 capital, regulatory surplus 9,161 8,686 7,557 23.3 % 23.6 % 23.6 % Common Equity Tier capital 1) 18.1 % 18.1 % 17.5 % 2.4 % 2.4 % 2.5 % Additional Tier 1 capital 2.0 % 2.0 % 2.0 % 3.6 % 3.2 % 3.4 % Supplementary capital 2.6 % 2.5 % 2.8 % 29.3 % 29.2 % 29.6 % Capital adequacy 22.8 % 22.7 % 22.3 % 1) The CET1 at the end of Q3 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 17.0 (17.0)%. PARENT BANK GROUP 31.12.25 30.09.25 30.09.26 Leverage ratio 30.09.26 30.09.25 31.12.25 354,994 358,729 367,524 Balance sheet items included in the leverage ratio exposure measure 595,713 569,302 564,205 23,269 21,666 24,633 Off-balance sheet items 24,533 20,137 20,472 -1,888 -7,492 5,358 Regulatory adjustments -4,394 -7,857 -3,429 376,374 372,903 397,515 Calculation basis for leverage ratio 2) 615,853 581,583 581,248 39,710 40,550 41,684 Core capital 44,711 42,386 41,687 10.6 % 10.9 % 10.5 % Leverage ratio 7.3 % 7.3 % 7.2 % 2) The CET1 ratio at the end of Q3 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 6.8 (6.9)%. Q3 2026 | Note 14 Capital adequacy Unaudited 50
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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 13,897,300 8.02 SPAREBANKSTIFTINGA HARDANGER 11,954,394 6.90 Geveran Trading Company LTd 7,752,141 4.47 Kommunal Landspensjonskasse Gjensidige (KLP) 6,276,691 3.62 Verdipapirfondet Eika Egenkapitalbevis 5,098,653 2.94 Sparebankstiftelsen Sparebanken Norge, Vest 4,758,632 2.75 SPAREBANKSTIFTELSEN OSLOFJORD 3,670,937 2.12 SPAREBANKSTIFTELSEN SAUDA 3,346,264 1.93 State Street Bank and Trust Company 3,254,945 1.88 PARETO AKSJE NORGE VERDIPAPIRFOND 3,040,621 1.75 VERDIPAPIRFONDET ALFRED BERG GAMBAK 2,882,315 1.66 SPESIALFONDET BOREA UTBYTTE 2,487,707 1.44 METEVA AS 2,448,386 1.41 SPAREBANKSTIFTINGA ETNE 2,398,146 1.38 J.P. Morgan SE 2,060,389 1.19 BLOMESTØ AS 2,000,000 1.15 Pershing LLC 1,987,869 1.15 State Street Bank and Trust Comp 1,836,789 1.06 JPMorgan Chase Bank, N.A., London 1,758,178 1.01 Total 100,244,214 57.84 Turnover statistics, for the last 12 months Month Volume OSE (number) Market price ultimo 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. Owner fraction (Parent bank) 31.12.2023 31.12.2024 31.12.2025 30.09.26 Equity certificate capital 2,742 2,742 4,331 4,320 Share premium reserve 1,966 1,966 9,305 9,305 Equalisation reserve 2,789 3,604 3,571 3,557 A Total equity certificate capital 7,497 8,311 17,206 17,182 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 % 40.8 % Weighted owner fraction 40.6 % 40.7 % 40.5 % 41.0 % Q3 2026 | Note 15 Key information about equity certificate Unaudited 51
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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 30.09.26 Senior bonds 46,191 15,296 -8,610 -205 -327 52,345 Covered bonds 211,689 54,489 -31,216 -8,815 -1,778 224,369 Debt securities issued 257,880 69,785 -39,826 -9,020 -2,105 276,714 Senior non-preferred bonds 21,451 1,550 -2,509 -105 -185 20,201 Subordinated loan capital 5,973 500 -600 0 8 5,881 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 2,335 11,093 38,271 600 52,299 Covered bonds 5,443 8,165 30,206 163,434 20,150 227,398 Senior non-preferred bonds 0 0 1,000 18,569 450 20,019 Subordinated loan capital 145 0 0 4,800 875 5,820 Debt securities issued and subordinated loan capital 5,588 10,500 42,299 225,074 22,075 305,536 PARENT BANK Change in debt securities issued – Book value 31.12.25 Issued Matured/ redeemed Change in exchangerate Other changes 30.09.26 Senior bonds 29,382 14,996 -3,658 -205 -299 40,216 Senior non-preferred bonds 21,451 1,550 -2,509 -105 -185 20,201 Subordinated loan capital 5,544 500 -550 0 7 5,501 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 1,538 6,693 31,421 600 40,252 Senior non-preferred bonds 0 0 1,000 18,569 450 20,019 Subordinated loan capital 145 0 0 4,800 500 5,445 Debt securities issued and subordinated loan capital 145 1,538 7,693 54,790 1,550 65,716 Q3 2026 | Note 16 Securitised debt and subordinated loan capital Unaudited 52
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Profit development – year-to-date (group) 30.09.26 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 23,789 15,419 7,601 27,949 19,997 11,920 4,831 18,874 14,015 9,203 Interest expenses and similar expenses 15,955 10,250 4,960 18,548 13,340 8,022 3,298 12,715 9,442 6,204 Net interest and credit commission income 7,833 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 1,756 1,153 524 2,041 1,423 873 344 1,229 874 562 Commission expenses and expenses relating to banking services 308 197 89 298 235 138 46 164 123 78 Net banking services 1,449 956 435 1,743 1,187 735 298 1,065 751 484 Income from ownership interests in associated companies 393 269 79 483 370 251 77 287 199 114 Net gain/(loss) on financial instruments 187 190 94 360 323 291 63 114 147 40 Other operating income 6 6 2 19 7 4 2 2 2 1 Net other operating income 2,035 1,420 610 2,604 1,887 1,281 439 1,469 1,098 640 Net operating income 9,868 6,590 3,251 12,004 8,544 5,179 1,972 7,628 5,671 3,638 Payroll and general administration expenses 2,558 1,699 834 2,876 1,996 1,180 455 1,508 1,091 739 Depreciation 334 222 113 353 243 135 50 178 130 83 Other operating expenses 241 168 89 354 188 121 42 204 117 80 Total operating expenses 3,133 2,090 1,036 3,582 2,427 1,437 547 1,890 1,338 903 Profit before impairment and tax 6,735 4,500 2,215 8,422 6,118 3,742 1,425 5,738 4,333 2,736 Impairment losses on loans and guarantees 233 136 103 312 263 190 10 97 81 68 Pre-tax profit 6,502 4,364 2,112 8,110 5,854 3,552 1,415 5,641 4,253 2,668 Tax 1,042 581 96 1,536 1,030 524 83 988 684 342 Profit for the period 5,460 3,783 2,016 6,574 4,824 3,028 1,332 4,652 3,568 2,326 AVERAGE TOTAL ASSETS 590,758 586,106 579,589 489,016 459,872 413,717 341,998 323,649 320,078 316,598 PROFIT AS PERCENTAGE OF AVERAGE TOTAL ASSETS Interest income and similar income 5.38 5.31 5.32 5.72 5.81 5.81 5.73 5.83 5.85 5.85 Interest expenses and similar expenses 3.67 3.58 3.53 3.85 3.94 3.97 3.96 3.98 3.99 3.96 Net interest and credit commission income 1.71 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 0.40 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 0.07 0.06 0.06 0.07 0.07 0.05 0.05 0.05 0.05 Net banking services 0.33 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 0.09 0.06 0.10 0.11 0.12 0.09 0.09 0.08 0.07 Net gain/(loss) on financial instruments 0.04 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 0.00 Net other operating income 0.46 0.49 0.43 0.53 0.55 0.62 0.52 0.45 0.46 0.41 Net operating income 2.17 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 0.58 0.59 0.58 0.58 0.54 0.47 0.46 0.47 Depreciation 0.08 0.08 0.08 0.07 0.07 0.07 0.06 0.06 0.05 0.05 Other operating expenses 0.05 0.06 0.06 0.07 0.05 0.06 0.05 0.06 0.05 0.05 Total operating expenses 0.71 0.72 0.73 0.73 0.71 0.70 0.65 0.58 0.56 0.57 Profit before impairment and tax 1.47 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 0.05 0.07 0.06 0.08 0.09 0.01 0.03 0.03 0.04 Pre-tax profit 1.41 1.44 1.42 1.60 1.64 1.67 1.63 1.69 1.73 1.65 Tax 0.22 0.19 0.05 0.30 0.29 0.24 0.09 0.29 0.27 0.20 Profit for the period 1.19 1.26 1.37 1.30 1.36 1.43 1.54 1.40 1.45 1.44 Q3 2026 | Profit development – year-to-date (group) Unaudited 53
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Profit development – isolated (group) Q3 26 Q2 26 Q1 26 Q4 25 Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Interest income and similar income 8,369 7,818 7,601 7,951 8,077 7,090 4,831 4,859 4,812 4,695 Interest expenses and similar expenses 5,706 5,289 4,960 5,209 5,317 4,725 3,298 3,273 3,238 3,159 Net interest and credit commission income 2,664 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 603 629 524 619 549 529 344 355 312 305 Commission expenses and expenses relating to banking services 110 109 89 63 97 92 46 41 45 40 Net banking services 493 521 435 556 452 437 298 314 267 266 Income from ownership interests in associated companies 124 189 79 113 119 175 77 89 84 78 Net gain/(loss) on financial instruments -3 96 94 37 32 228 63 -33 107 16 Other operating income 0 4 2 12 3 2 2 1 1 1 Net other operating income 615 810 610 717 606 842 439 371 459 360 Net operating income 3,279 3,339 3,251 3,460 3,366 3,207 1,972 1,957 2,032 1,896 Payroll and general administration expenses 859 865 834 880 815 726 455 417 351 377 Depreciation 112 109 113 110 107 85 50 49 46 43 Other operating expenses 73 79 89 165 67 79 42 87 37 39 Total operating expenses 1,044 1,053 1,036 1,156 990 890 547 553 435 459 Profit before impairment and tax 2,235 2,286 2,215 2,304 2,376 2,317 1,425 1,404 1,597 1,437 Impairment losses on loans and guarantees 97 33 103 49 73 180 10 16 12 25 Pre-tax profit 2,138 2,252 2,112 2,255 2,303 2,137 1,415 1,388 1,585 1,412 Tax 461 486 96 506 506 441 83 304 342 310 Profit for the period 1,677 1,766 2,016 1,750 1,796 1,696 1,332 1,084 1,243 1,102 AVERAGE TOTAL ASSETS (for the quarter) 601,928 588,302 579,589 575,496 568,710 494,611 341,998 333,639 326,850 320,523 PROFIT AS PERCENTAGE OF AVERAGE TOTAL ASSETS Interest income and similar income 5.52 5.33 5.32 5.48 5.63 5.75 5.73 5.79 5.86 5.89 Interest expenses and similar expenses 3.82 3.66 3.53 3.65 3.77 3.89 3.96 3.95 3.99 4.01 Net interest and credit commission income 1.70 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 0.40 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 0.07 0.06 0.04 0.07 0.07 0.05 0.05 0.05 0.05 Net banking services 0.32 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 0.08 0.13 0.06 0.08 0.08 0.14 0.09 0.11 0.10 0.10 Net gain/(loss) on financial instruments 0.00 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 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 Net other operating income 0.41 0.55 0.43 0.49 0.42 0.68 0.52 0.44 0.56 0.45 Net operating income 2.10 2.22 2.22 2.33 2.29 2.54 2.29 2.28 2.42 2.33 Payroll and general administration expenses 0.57 0.59 0.58 0.61 0.57 0.59 0.54 0.50 0.43 0.47 Depreciation 0.07 0.07 0.08 0.08 0.07 0.07 0.06 0.06 0.06 0.05 Other operating expenses 0.05 0.05 0.06 0.11 0.05 0.06 0.05 0.10 0.05 0.05 Total operating expenses 0.69 0.72 0.73 0.80 0.69 0.72 0.65 0.66 0.53 0.58 Profit before impairment and tax 1.41 1.50 1.49 1.53 1.60 1.82 1.64 1.63 1.89 1.75 Impairment losses on loans and guarantees 0.06 0.02 0.07 0.03 0.05 0.15 0.01 0.02 0.02 0.03 Pre-tax profit 1.35 1.48 1.42 1.50 1.55 1.67 1.63 1.61 1.88 1.72 Tax 0.29 0.32 0.05 0.33 0.34 0.34 0.09 0.35 0.40 0.38 Profit for the period 1.05 1.15 1.35 1.15 1.20 1.32 1.54 1.24 1.46 1.33 Q3 2026 | Profit development – isolated (group) Unaudited 54
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Balance sheet development (group) 30.09.26 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 508 555 739 86 756 64 443 483 364 540 Loans to and receivables from credit institutions 16,473 17,012 8,027 5,412 4,240 14,736 3,796 2,631 111 1,175 Loans to and receivables from customers 511,242 503,026 492,400 485,743 472,456 461,454 289,103 282,289 276,303 272,024 Shares, units and other equity instruments 479 528 523 501 509 513 375 354 768 654 Commercial papers and bonds 61,263 61,102 59,933 69,915 70,965 70,515 41,066 39,563 38,976 38,860 Financial derivatives 2,251 4,381 3,518 8,272 8,785 9,344 3,872 6,320 6,165 4,629 Shareholdings in associated companies 3,291 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 0 374 143 348 205 Pension funds 161 161 161 161 148 148 148 148 123 123 Other intangible assets 6,050 6,099 6,146 6,208 6,096 6,151 553 565 238 247 Tangible fixed assets 1,331 1,340 1,353 1,349 1,281 1,262 668 624 628 650 Prepaid expenses 288 334 257 305 338 256 126 69 56 102 Other assets 1,345 1,367 1,355 792 868 934 1,216 1,570 506 589 Total assets 604,683 599,086 577,462 581,715 569,302 568,117 345,226 338,167 327,907 322,802 Liabilities and equity Deposits from and liabilities to credit institutions 1,234 9,970 8,280 8,815 12,808 15,639 3,614 6,861 6,675 5,237 Deposits from and liabilitiest to customers 233,425 231,117 222,131 225,640 221,827 220,906 135,052 135,128 133,614 134,175 Securitised debt 276,714 269,723 255,213 257,880 249,902 246,371 156,557 149,910 142,401 141,277 Financial derivatives 6,279 2,906 3,437 965 1,278 1,082 1,430 869 858 1,519 Accrued expenses and pre-paid income 508 486 621 602 510 510 244 234 195 192 Pension commitments 356 353 384 401 212 214 197 197 167 167 Deferred tax 1,168 1,027 931 959 926 683 0 0 0 0 Other provision for commitments 196 197 216 322 291 268 158 164 176 187 Tax payable 1,171 824 480 1,325 786 378 139 906 702 212 Senior non-preferred bonds 20,201 19,914 20,528 21,451 20,581 21,007 14,305 13,505 12,359 11,563 Subordinated loan capital 5,881 5,628 5,669 5,973 5,446 5,800 2,770 2,769 2,775 2,769 Other liabilities 2,291 2,997 7,571 2,630 2,319 4,617 5,381 1,363 2,997 1,709 Total liabilities 549,425 545,143 525,459 526,964 516,887 517,473 319,846 311,906 302,917 299,007 Equity certificates 4,332 4,332 4,332 4,332 4,240 4,240 2,743 2,743 2,743 2,743 Own equity certificates -13 -2 -1 -1 -2 -9 -1 -1 -7 0 Premium reserve 9,305 9,305 9,305 9,305 8,879 8,879 1,966 1,966 1,966 1,966 Equalisation reserve 3,557 3,633 3,646 3,571 3,601 3,564 3,604 4,536 2,764 2,791 Total equity certificate capital 17,182 17,268 17,283 17,206 16,718 16,674 8,311 9,244 7,467 7,500 Primary capital 19,239 19,239 19,241 19,140 19,106 19,114 11,941 13,302 10,750 10,750 Gift fund 150 150 150 150 150 150 150 150 150 150 Compensation fund 5,517 5,517 5,517 5,517 5,377 5,377 36 36 36 36 Total primary capital 24,906 24,906 24,908 24,807 24,633 24,641 12,127 13,488 10,936 10,936 Other equity 7,127 5,458 3,972 7,264 5,707 4,028 2,461 1,306 4,494 3,274 Hybrid capital 4,566 4,875 4,484 4,280 4,252 4,242 2,341 2,079 2,094 2,085 Minority interests 1,477 1,436 1,356 1,194 1,105 1,059 139 144 0 0 Total equity 55,258 53,943 52,002 54,751 52,415 50,644 25,380 26,261 24,990 23,795 Total liabilities and equity 604,683 599,086 577,462 581,715 569,302 568,117 345,226 338,167 327,907 322,802 Q3 2026 | Balance sheet development (group) Unaudited 55
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Explanation of key figures/alternative performance measures – group Net interest margin (as a percentage of average total assets) Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Net interest as shown in the income statement 2,664 2,760 7,833 6,658 9,400 Adjustment for interest on hybrid capital recognised directly in equity -89 -82 -258 -198 -278 Net interest used in relevant key figure 2,574 2,678 7,575 6,460 9,123 Average total assets 601,928 568,710 590,758 459,872 489,016 Number of days in the period 365/92 365/92 365/273 365/273 365/365 Net interest margin 1.70 % 1.87 % 1.71 % 1.88 % 1.87 % Net other operating income as a percentage of net operating income Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Net other operating income as presented in the income statement 615 606 2,035 1,887 2,604 Net operating income as presented in the income statement 3,279 3,366 9,868 8,544 12,004 Adjustment for interest on hybrid capital recognised directly in equity -89 -82 -258 -198 -278 Net operating income adjusted for interests on hybrid capital 3,189 3,284 9,610 8,347 11,727 Net other operating income as a percentage of net operating income 19.3 % 18.4 % 21.2 % 22.6 % 22.2 % Operating expenses as a percentage of net operating income (cost- income) Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Total operating expenses as presented in the income statement 1,044 990 3,133 2,427 3,582 Net operating income 3,279 3,366 9,868 8,544 12,004 Operating expenses as a percentage of net operating income (cost- income) 31.8 % 29.4 % 31.8 % 28.4 % 29.8 % Operating expenses as a percentage of net operating income adjusted for financial instruments Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Total operating expenses as presented in the income statement 1,044 990 3,133 2,427 3,582 Net operating income 3,279 3,366 9,868 8,544 12,004 Adjustment for financial instruments as presented in the income statement 3 -32 -187 -323 -360 Net operating income adjisted for financial instruments 3,281 3,334 9,681 8,222 11,645 Operating expenses as a percentage of net operating income adjusted for financial instruments 31.8 % 29.7 % 32.4 % 29.5 % 30.8 % Return on equity Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Profit after tax as presented in the income statement 1,677 1,796 5,460 4,824 6,574 Adjustment for interest on hybrid capital recognised directly in equity -89 -82 -258 -198 -278 Profit attributable to non-controlling interests -40 -31 -124 -54 -83 Profit after tax adjusted for interest on hybrid capital and non-controlling interests 1,548 1,683 5,078 4,573 6,213 Average equity excluding hybrid capital and non-controlling interests 48,434 46,200 47,687 36,215 39,140 Number of days in the period 365/92 365/92 365/273 365/273 365/365 Return on equity 12.7 % 14.5 % 14.2 % 16.9 % 15.9 % Return on Equity Adjusted for Merger Effects ("RoTE") Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Profit after tax adjusted for interest on hybrid capital and non-controlling interests (see ROE) 1,548 1,683 5,078 4,573 6,213 Amortisation of intangible assets related to the merger in 2025 44 40 132 67 115 Tax effect of amortisation of intangible assets related to the merger in 2025 -11 -10 -33 -17 -29 Profit for the calculation of return on equity adjusted for merger effects ("RoTE") (A) 1,581 1,714 5,177 4,623 6,300 Average equity excluding hybrid capital and minority interests in the ROE calculation 48,434 46,200 47,687 36,215 39,140 Intangible assets resulting from the merger in 2025 (average) -5,459 -5,480 -5,503 -3,052 -3,657 Deferred tax related to intangible assets resulting from the merger in 2025 (average) 425 463 436 259 307 Denominator for the return on equity adjusted for merger effects ("RoTE") (B) 43,400 41,183 42,620 33,422 35,790 Number of days in the period 365/92 365/92 365/273 365/273 365/365 Return on equity adjusted for merger effects ("RoTE") (A/B annualised) 14.5 % 16.5 % 16.2 % 18.5 % 17.6 % Q3 2026 | Explanation of key figures/alternative performance measures – group Unaudited 56
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Earnings per equity certificate Q3 26 Q3 25 01.01- 30.09.26 01.01- 30.09.25 2025 Profit after tax adjusted for interest on hybrid capital (see above) 1,548 1,683 5,078 4,573 6,213 Weighted average equity ratio before profit allocation 40.9 % 40.4 % 41.0 % 40.5 % 40.5 % Average number of outstanding equity certificates during the year 173,193,418 169,280,312 173,218,342 143,108,501 150,092,519 Earnings per equity certificate 3.66 4.01 12.00 12.95 16.78 Lending growth, past 12 months Q3 26 Q3 25 2025 Gross lending (period-end) 513,217 474,216 487,477 Gross lending 12 months ago 474,216 277,204 283,174 Change over the past 12 months 8.2 % 71.1 % 72.1 % Deposit growth, past 12 months Q3 26 Q3 25 2025 Deposits from customers (period-end) 233,425 221,827 225,640 Deposits from customers 12 months ago 221,827 133,614 135,128 Change over the past 12 months 5.2 % 66.0 % 67.0 % Deposit coverage Q3 26 Q3 25 2025 Net loans to customers 511,242 472,456 485,743 Customer deposits 233,425 221,827 225,640 Deposit coverage (deposits as percentage of lending) 45.7 % 47.0 % 46.5 % Loss and default on loans Q3 26 Q3 25 2025 Gross lending at the balance sheet date 513,217 474,216 487,477 Loan losses for the period 233 263 312 Loan losses 365/273 365/273 365/365 Loan losses as a percentage of gross lending (period-end) 0.06 % 0.07 % 0.06 % Gross lending at the balance sheet date 513,217 474,216 487,477 Non-performing exposures (NPEs) (>90 days) 1,395 1,532 1,331 NPEs (>90 days) as a percentage of gross lending (period-end) 0.27 % 0.32 % 0.27 % Gross lending at the balance sheet date 513,217 474,216 487,477 Credit-impaired exposures 4,807 3,384 3,272 Credit-impaired exposures as a percentage of gross lending (period-end) 0.94 % 0.71 % 0.67 % Q3 2026 | Explanation of key figures/alternative performance measures – group Unaudited 57