Interim report
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INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL)
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2INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) INTERIM REPORT SECOND QUARTER OF 2026 SECOND QUARTER OF 2026 (COMPARED WITH THE SECOND QUARTER OF 2025) • The loan portfolio amounted to SEK 143.3bn (127.6), corresponding to a growth of 12 per cent. The organic growth rate expressed in local currencies amounted to 11 per cent • Operating profit amounted to SEK 1,436m (1,131), and the adjusted operating profit from core operations¹ amounted to SEK 1,471m (1,218) • Adjusted core profit for the period attributable to shareholders¹ amounted to SEK 1,078m (903) • Return on equity excluding intangible assets and Tier 1 capital instruments (ROTE) was 25.8 per cent (24.5), and the adjusted return from core operations¹ (Core ROTE) was 26.9 per cent (26.7) JANUARY-JUNE 2026 (COMPARED WITH JANUARY-JUNE 2025) • The loan portfolio amounted to SEK 143.3bn (127.6), corresponding to a growth of 12 per cent. The organic growth rate expressed in local currencies amounted to 11 per cent • Operating profit amounted to SEK 2,766m (2,179), and the adjusted operating profit from core operations¹ amounted to SEK 2,832m (2,342) • Adjusted core profit for the period attributable to shareholders¹ amounted to SEK 2,048m (1,734) • Return on equity excluding intangible assets and Tier 1 capital instruments (ROTE) was 24.8 per cent (24.2), and the adjusted return from core operations¹ (Core ROTE) was 25.7 per cent (26.3) EVENTS DURING THE SECOND QUARTER On 17 June, NOBA issued Additional Tier 1 bonds with a nomi- nal value of SEK 750m. On 23 June, NOBA issued senior preferred bonds of SEK 500m and NOK 500m. During the quarter, NOBA signed a number of portfolio sales involving non-performing loans consisting of portfolios in Norway, Denmark and Finland. These comprised a total gross volume of approximately SEK 400m, with an expected positive impact on earnings in the third quarter. INTERIM REPORT JANUARY – JUNE 2026 ¹ Adjusted for transformation costs, amortisation of transaction surplus values and the operating segment “Other” ² Adjusted for transformation costs JACOB LUNDBLAD / CEO "WE ARE DELIVERING A LOAN GROWTH OF MORE THAN TEN PER CENT, A STABLE NET INTEREST MARGIN, AND THE NINTH CONSECUTIVE QUARTER OF DECLINING CREDIT LOSS LEVELS." 3,055 (+13%) OPERATING INCOME (SEK M) Q2 2026 23.0% 2.5% ADJUSTED C/I RATIO² (%) Q2 2026 CREDIT LOSS LEVEL (%) Q2 2026 1,471 (+21%) ADJUSTED CORE OPERATING PROFIT¹ (SEK M) Q2 2026 26.9% CORE ROTE¹ (%) Q2 2026 13.4% COMMON EQUITY TIER 1 CAPITAL RATIO (%) Q2 2026
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3INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) 3INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) THIS IS NOBA With a diversified offering through our four brands – Nordax Bank, Bank Norwe- gian, Svensk Hypotekspension and DBT – and over two million customers, we have the size, knowledge and scalability required to enable financial health for more people. NOBA provides specialised, customer-centric financial offerings that are sustainable for the individual, the SME, the bank and society at large, today and in the future. NOBA Bank Group AB (publ) (“NOBA”) has around 750 employees and is active in eight markets. As of June 2026, lending amounted to SEK 143bn, and our custom- ers had entrusted us with SEK 115bn in savings. Our business is growing organically with a high and stable earnings capacity, providing us with ample opportunities to be on the offense and expand further organically and potentially also through future acquisitions. As of 26 September 2025, the NOBA share is listed on Nasdaq Stockholm. Our vast expertise in responsible lending has given us a unique understanding of people’s challenges and needs, and together, we have both the knowledge and the capacity to contribute to improved financial health for more people. THE BANK FOR THE NEW NORMAL A DIGITAL FRONTRUNNER THE LEADING EQUITY RELEASE MORTGAGE PROVIDER FINANCING FOR MORE BUSINESSES
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4INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) JACOB LUNDBLAD CEO CONTINUED IMPROVEMENT IN ASSET QUALITY COMMENTS FROM THE CEO ON THE SECOND QUARTER STABLE FINANCIAL DEVELOPMENT DRIVEN BY GROWTH AND ASSET QUALITY Although the global environment continues to be characterised by volatility and uncertainty, NOBA delivers a stable financial result in line with our financial targets. During the second quarter, all three of our segments continued to show a growth rate above ten per cent, while the underlying net interest margin remained stable and the credit loss level continued to decline. We continue to invest in the geographical expansion of our existing product offering into new Nordic markets to secure profitable growth for many years to come. In addition to the previously mentioned initiative in equity release mortgages in Norway, we are now deve- loping a mortgage offering in Finland, with the ambition of rolling it out in the second half of 2027. Alongside upcoming product launches, we continue to invest in AI and other initiatives aimed at enabling continued scalability. In line with our previously communicated plan, these initiatives have resulted in elevated cost growth also in the second quarter. The cost-saving measures we are implementing are expected to be reali- sed in stages this year, with a clear emphasis during the final months of the year. We therefore continue to expect cost growth to start to decline towards the end of the year and that we will reach our target of a C/I ratio below 20 per cent in 2027. Our asset quality continues to show a strong underlying trend. The improvement is primarily driven by our continuous efforts to refine and enhance our internal credit assessment capabilities, particularly within Bank Norwegian’s operations. Our credit quality also conti- nues to see some positive impact from the recovery following the interest rate and inflation shock that occurred a few years ago. The credit loss level for the quarter ended up at 2.5 per cent, despite the fact that we increased our macro-based provisions by SEK 42 million during the quarter due to changes in macroeconomic outlooks from external assessors. "WE ARE DELIVERING A LOAN GROWTH OF MORE THAN TEN PER CENT, A STABLE NET INTEREST MARGIN, AND THE NINTH CONSECUTIVE QUARTER OF DECLINING CREDIT LOSS LEVELS." ATTRACTIVE FUNDING AND STRONG CAPITAL GENERATION We continue to be active in the bond market and during the second quarter we issued both AT1 capital and senior preferred bonds. Demand for NOBA’s debt instruments remains strong, which enabled both issuances to be carried out at lower credit spreads compared with previous transactions. Our Common Equity Tier 1 capital ratio amounted to 13.4 per cent at the end of the quarter, corresponding to a buffer of 3.2 percentage points above our regulatory requirement after deduction for expec- ted ordinary dividends. As part of broadening our options to ensure an optimal capital level and to manage surplus capital generation, NOBA’s Board of Directors is evaluating the possibility of a share buy- back programme. No decision has yet been made, and the market will be continuously informed about the progress of this process. We also emphasise that any potential share buybacks would be carried out within the framework of NOBA’s dividend policy and would the- refore not affect the ordinary dividend, corresponding to 40 per cent of the adjusted core profit. SIGNIFICANT POTENTIAL AMONG OVERLOOKED CORPORATE CUSTOMERS DBT has now been part of NOBA’s organisation for just over a quar- ter. By combining the strengths of our two platforms, we continue to see significant potential for offering value-creating products to Nordic companies. DBT is already an established partner for com- panies seeking credit facilities in the range of SEK 5–50 million. In parallel with the initiative to scale up the core business and develop the loan offering, NOBA is working on offering corporate deposits, with a planned start in 2027. As a complement to DBT’s current offering, we are also developing a lending product for even smaller companies, with a planned launch in 2027. For this micro-SME segment, we can leverage our extensive customer data and our robust credit assessment processes from private loans. Our ambition is that these products will, over time, generate substantial customer value for the many overlooked corpo- rate customers in the Nordics.
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5INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) KEY FIGURES FOR THE GROUP In addition to the financial measures defined by IFRS, NOBA presents alternative performance measures that provide investors and management with valuable supplementary information for evaluating NOBA’s financial development and position. These alternative performance measures, which are not defined according to IFRS and which are explained on pages 67-69, are not necessarily comparable with performance meas- ures with similar names used by other companies. They should also not be regarded as substitutes for the financial reporting performance measures that are prepared according to IFRS. 1 Adjusted for transformation costs, amortisation of transaction surplus values and the operating segment “Other” 2 Adjusted for RSUs and dilution effect of potential shares in the long-term equity-based programmes 3 Adjusted for transformation costs KEY FIGURES FOR THE GROUP APR-JUN 2026 APR-JUN 2025 ∆ JAN-JUN 2026 JAN-JUN 2025 ∆ Income statement (SEKm) Operating income 3,055 2,701 13.1% 5,997 5,435 10.3% Operating expenses -702 -629 11.7% -1,368 -1,259 8.7% Credit losses -883 -909 −2.9% -1,796 -1,932 −7.0% Operating profit 1,436 1,131 27.0% 2,766 2,179 26.9% Adjusted core operating profit¹ 1,471 1,218 20.8% 2,832 2,342 20.9% Adjusted core profit for the period attributable to shareholders¹ 1,078 903 19.4% 2,048 1,734 18.1% Net profit for the period 1,110 883 25.7% 2,112 1,703 24.0% of which attributable to shareholders 1,050 834 26.0% 1,996 1,605 24.3% of which attributable to holders of Tier 1 capital 59 49 21.3% 117 98 19.3% Basic earnings per share (SEK) 2.10 1.67 25.8% 3.99 3.21 24.3% Diluted earnings per share (SEK)² 2.10 1.67 25.9% 3.99 3.21 24.2% Statement of financial position (SEKm) Lending to the public 143,348 127,565 12.4% 143,348 127,565 12.4% Deposits from the public 115,055 113,318 1.5% 115,055 113,318 1.5% Key figures (%) Common Equity Tier 1 capital ratio 13.4% 14.0% 13.4% 14.0% Total capital ratio 18.3% 18.0% 18.3% 18.0% Net interest margin 8.1% 8.1% 8.1% 8.1% C/I-ratio 23.0% 23.3% 22.8% 23.2% Adjusted C/I-ratio³ 23.0% 21.8% 22.8% 21.8% Credit loss level 2.5% 2.9% 2.6% 3.1% Return on equity excluding intangible assets and Tier 1 capital instruments (ROTE) 25.8% 24.5% 24.8% 24.2% Adjusted core return on equity excluding intangible assets and Tier 1 capi- tal instruments (Core ROTE)¹ 26.9% 26.7% 25.7% 26.3% Return on total assets 2.6% 2.2% 2.5% 2.1% Adjusted core earnings per share, basic (SEK)¹ 2.16 1.81 4.09 3.47 Average number of full-time employees (FTE) 742 670 732 665
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6INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) SIGNIFICANT EVENTS IN THE SECOND QUARTER On 21 May, the Annual General Meeting 2026 adopted the income statements and balance sheets for the parent company and the Group and resolved on an ordinary dividend of SEK 1.60 per share and an extra dividend of SEK 1.50 per share. The Annual General Meeting also resolved to re-elect Board members Christopher Ekdahl, Birgitta Hagenfeldt, Hans-Ole Jochumsen, Martin Tivéus, Ricard Wennerklint and Ragnhild Wiborg, and to elect Patrick Lapvet- eläinen as a new Board member. Hans-Ole Jochumsen was re-elected as Chair of the Board. On 17 June, NOBA issued Additional Tier 1 bonds with a nominal value of SEK 750m. On 23 June, NOBA issued senior preferred bonds of SEK 500m and NOK 500m. During the quarter, NOBA signed a number of portfolio sales involving non-performing loans in Norway, Denmark and Finland. These comprised a total gross volume of approximately SEK 400m, with an expected positive impact on earnings in the third quarter. During the quarter, Matthias Frost assumed the position of Chief Legal Officer and thereby joined the Group Management Team. During the quarter, the Swedish National Debt Office published a consultation proposing amendments to the regulations governing the deposit guarantee fee model. The proposal aims to increase risk differentiation between institutions, while keeping the overall fee level unchanged. It is still too early to assess any potential effects of these changes. During the quarter, NOBA extended and increased a bilateral secured financing arrangement with an international bank. The increase amounts to SEK 2 bn, which means that the total financing thereafter amounts to SEK 8 bn. In addition, another bilateral financing of SEK 3.4 bn was extended. SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD On 1 July, NOBA issued senior preferred bonds of SEK 200m as a tap of outstanding senior preferred bonds maturing in June 2029. HIGHLIGHTS OF RECENT YEARS AFFIRMED CREDIT RATING FROM NORDIC CREDIT RATING NOBA SIGNED THE UN PRINCIPLES FOR RESPONSIBLE BANKING LAUNCH OF EXTERNAL AI CHATBOT PUBLICATION OF THE RELATIONSHIP REPORT COMPLETED MIGRATION TO NOBA BANK'S NEW CORE BANKING PLATFORM SAVINGS PRODUCTS WERE LAUNCHED IN THE IRISH MARKET – NOBA’S EIGHTH MARKET NOBA RECEIVED THE RATING C- FROM ISS ESG NOBA CLAIMS THE TOP SPOT IN CUSTOMER SATISFACTION NOBA ACQUIRES DBT CAPITAL AB AND THEREBY ESTABLISHES AN SME VERTICAL AFFIRMED CREDIT RATING FROM NORDIC CREDIT RATING H1 2024 H2 2024 H2 2025 H1 2026H1 2025 FIRST SECURITISATION OF NON-PERFORMING LOANS THE NOBA SHARE IS LISTED ON NASDAQ STOCKHOLM AFFIRMED CREDIT RATING WITH IMPROVED OUTLOOK FROM NORDIC CREDIT RATING NOBA PUBLISHES ITS FIRST CSRD REPORT
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7INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) 1 Reported operating profit of SEK 1,436m (1,131) adjusted by transformation costs of SEK 0m (-42), scheduled amortisation of intangible transaction surplus values of SEK -34m (-31) and the adjusted operating profit of SEK -1m (-14) from the segment ”Other”. SECOND QUARTER OF 2026 (Compared with the second quarter of 2025, unless otherwise stated) OPERATING INCOME Operating income was SEK 3,055m (2,701), corresponding to an increase of 13 per cent compared with the same period in the previous year. Net interest income grew to SEK 2,867m (2,549). The underlying net interest margin (NIM), adjusted for changes in the number of interest days and currency fluc- tuations, was 8.2 per cent (8.2), which is largely unchanged compared both to the previous quarter as well as the cor- responding quarter previous year. The reported NIM for the second quarter amounted to 8.1 per cent, corresponding to an increase of 0.1 percentage points compared to the previous quarter. Net fee and commission income was SEK 219m (198), where the increase was due to insurance-related income. OPERATING EXPENSES Operating expenses were SEK -702m (-629) over the period, corresponding to an increase of 12 per cent compared with the same period previous year. Excluding transformation costs, the expenses amounted to SEK -702m (-587), corresponding to an increase of 20 per cent. This is due to the consolidation of DBT, increased administrative costs and increased sales costs. Of the total costs, SEK -16m are related to DBT, and excluding those the cost increase amounted to 17 per cent. Transformation costs were SEK 0m (-42). The adjusted C/I ratio amounted to 23 per cent (22). CREDIT LOSSES Credit losses were SEK -883m (-909), corresponding to 2.5 per cent (2.9) of average lending. The decrease was primarily driven by lower provisions related to loans in Stage 1 and 3. In the quarter’s total credit loss provisions, SEK -42m consisted of provisions attributable to changed macroeconomic outlooks from external forecasters. AMORTISATION OF TRANSACTION SURPLUS VALUES The amortisation of transaction surplus values was SEK -34m (-31), as scheduled. This is in all essentials related to the alloca- tion of intangible surplus values from the acquisition of Bank Norwegian and does not affect cash flows or capital adequacy, as the asset has already been deducted from own funds. OPERATING PROFIT Operating profit was SEK 1,436m (1,131), corresponding to an increase of 27 per cent compared with the same period in the previous year. The increase was due to revenue growth as well as lower credit losses. ADJUSTED CORE OPERATING PROFIT As the bank’s profit in recent years has been affected by trans- formation costs, profit and loss related to the segment “Other”, and amortisation of intangible transaction surplus values pri- marily related to Bank Norwegian, operations are also reported based on adjusted core operating profit, which excludes the effect of these items. As of the second quarter 2025, transfor- mation costs only include costs related to the strategic review, which was finalised with the stock exchange listing in the third quarter 2025. The final transformation costs were reported in the fourth quarter 2025. During earlier periods, costs related to the integration of Bank Norwegian and the change of the core banking system were also included. Adjusted core operating profit was SEK 1,471m (1,218)¹, cor- responding to an increase of 21 per cent compared with the same period in the previous year, where the increase was due to revenue growth and lower credit losses. JANUARY-JUNE 2026 (Compared with January-June 2025, unless otherwise stated) OPERATING INCOME Operating income was SEK 5,997m (5,435), corresponding to an increase of 10 per cent compared with the same period in the previous year. Net interest income grew to SEK 5,590m (5,076) driven by an increasing portfolio volume. Net fee and commission income was SEK 425m (407), where the increase was due to insurance-related income. OPERATING PROFIT AND ADJUSTED OPERATING PROFIT Operating profit was SEK 2,766m (2,179), corresponding to an increase of 27 per cent compared with the same period in the previous year. The increase was mainly driven by revenue growth. The adjusted core operating profit amounted to SEK 2,832m (2,342), corresponding to an increase of 21 per cent. THE GROUP'S DEVELOPMENT
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8INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) VOLUME GROWTH SECOND QUARTER OF 2026 (Compared with the second quarter of 2025, unless otherwise stated) Compared with the previous year, growth in lending was solid, and all segments grew, including the segment "Other" through the acquisition of DBT. Total lending was SEK 143.3bn (127.6). The reported growth amounted to 12 per cent. The organic growth in local currencies amounted to 11 per cent. Lending in the Private Loans segment was SEK 99.9bn (89.7). Lending in the Credit Cards segment was SEK 21.1bn (18.8). Lending in the Secured segment was SEK 20.7bn (18.4). The number of active and semi-active credit cards in the Nordic region and Germany was roughly 1.4m (1.3)1. LIQUIDITY AND FINANCIAL INVESTMENTS SECOND QUARTER OF 2026 (Compared with the second quarter of 2025, unless otherwise stated) The liquidity reserve was SEK 20,344m (24,687), primarily comprising secured bonds and balances with central and Nor- dic banks. The liquidity coverage ratio (LCR) was 193 per cent (170). The net stable funding ratio (NSFR) was 110 per cent (113). FUNDING SECOND QUARTER OF 2026 (Compared with the second quarter of 2025, unless otherwise stated) NOBA has a diversified funding structure with various sources of capital, distributed over banks, the capital market and deposits from the public. Deposits from the public are the largest source of funding at SEK 115,055m (113,318). Over the period, funding through financing against pledges with interna- tional banks and repo transactions increased to SEK 21,776m (17,918) and through corporate bonds to SEK 5,387m (2,582). In addition to existing sources of financing, NOBA established a commercial paper programme in February 2026. As of 30 June 2026, SEK 1,271m (-) was funded through the programme. The Swedish National Debt Office sent out, during the second quarter, a memorandum concerning a new principle for cal- culating the deposit guarantee fee, where the proposal would affect the allocation of the paid fee between different institu- tions. The proposal is intended to enter into force on 1 January 2027. The Swedish National Debt Office also makes assessments of which Swedish credit institutions should be categorised as liq- uidation institutions and resolution institutions respectively, based on the institutions’ impact on the financial system in the 1 Refers to cards that were active in the last six months or had a performing balance. event of default. NOBA is currently categorised as a liquida- tion institution. During the third quarter of 2026, NOBA was informed that the Swedish National Debt Office had initiated an in-depth analysis to assess whether the authority should, going forward, categorise NOBA as a resolution institution. A decision is expected to be made in December 2026. CAPITAL AND CAPITAL RATIOS SECOND QUARTER OF 2026 (Compared with the second quarter of 2025, unless otherwise stated) Common Equity Tier 1 capital increased to SEK 15,139m (14,170). Common Equity Tier 1 capital was strengthened by the profit recognised over the period. The increase was reduced by the dividend of SEK 1,550m paid out in May 2026, foreseeable dividend according to the dividend policy for the first half of 2026 of SEK 819m and deductions for goodwill and intangible assets that stem from the acquisition of DBT. The total risk exposure amount increased by 12 per cent to SEK 112,782m (100,878), driven by growth in lending and the acqui- sition of DBT. As of 30 June 2026, the Common Equity Tier 1 capital ratio was 13.4 per cent (14.0), the Tier 1 capital ratio was 16.7 per cent (16.2) and the total capital ratio was 18.3 per cent (18.0). The increase in the Tier 1 capital ratio and the Total capital ratio, in spite of the Common Equity Tier 1 capital ratio reduction, is due to the issuance of a total of SEK 1,500m AT1 bonds during the period. At the same point in time, the capital requirements were a Common Equity Tier 1 capital ratio of 10.2 per cent (10.2), a Tier 1 capital ratio of 12.0 per cent (12.0) and a total capital ratio of 14.4 per cent (14.3). See note 5 for further information on the Bank's calculation of capital. Countercyclical buffer rates in the countries where NOBA has operations remained unchanged over the period. NOBA’s coun- tercyclical buffer requirement was 1.5 per cent. The leverage ratio was 10.7 per cent (10.1). DIVIDEND At the Annual General Meeting 2026, it was resolved to pay out an ordinary dividend for the period 1 July – 31 December 2025 of SEK 1.60 per share, as well as an extra dividend of SEK 1.50 per share, amounting to a total of SEK 1,550m. The dividend was paid out on 28 May 2026.
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9INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PRIVATE LOANS SEGMENT OVERVIEW, Q2 2026 (Compared with Q2 2025, unless otherwise stated) NOBA offers unsecured private loans under the Nordax Bank and Bank Nor- wegian brands. The segment has some 500k Nordic customers. The average out- standing private loan amounts to about SEK 175k. LOAN PORTFOLIO DEVELOPMENT The total loan portfolio in the Private Loans segment was SEK 99.9bn (89.7). In local currencies, the portfolio grew by 11 per cent over the year, while currency effects had a slightly positive impact on the loan growth. The increased lending volume was mainly due to new customers. Private loans in Sweden were SEK 39.8bn (34.5). In Finland, the loan portfolio was EUR 3.01bn (2.78). Lending was NOK 18.3bn (17.8) in Norway, while it reached DKK 6.0bn (5.0) in Denmark. Compared to the previous quarter (Q1 2026), on an annualised basis the seg- ment’s loan portfolio grew by 11 per cent in local currencies, while posi- tive currency effects increased volume growth by 2 percentage points. FINANCIAL PERFORMANCE The total income in the segment amounted to SEK 2,190m (1,901), cor- responding to an increase of 15 per cent compared with the same period the previous year. Revenue growth was primarily driven by higher lending volumes and higher net commission income. The net interest margin (NIM¹) amounted to 8.6 per cent in the quar- ter (8.5). NIM, adjusted for changes in the number of interest-generating days and currency fluctuations, amounted to 8.6 per cent (8.6). During the quarter NIM experienced some headwind from delayed pass-through of higher rates to customers. The segment's operating expenses were SEK -453m (-410), corresponding to a cost increase of 11 per cent. The cost increase was mainly due to higher other administrative expenses. The C/I ratio was 21 per cent (22). Credit losses were SEK -703m (-728) over the quarter, corresponding to a credit loss level of 2.9 per cent (3.3). The adjusted operating profit2 in the segment increased by 35 per cent and amounted to SEK 1,034m (763). (For further segment information, see Note 8) SEGMENT CUSTOMERS On average, NOBA’s Private Loan cus- tomers are 49 years old with an average monthly income of roughly SEK 50k. Roughly 67 per cent of customers own their homes. NOBA offers private loans of up to SEK 800k. The average customer has an outstanding loan of roughly SEK 175k. LENDING (SEKbn) NIM AND CREDIT LOSSES NIM (%) Credit losses (%) Income (SEK m) C/I ratio (%) INCOME AND C/I RATIO 1 Refers to net interest margin, which is defined in the “Definitions” section. 2 Operating profit adjusted for amortisation of surplus values from transactions. 3 “Core” refers to core operations, or the total of all NOBA’s operations, excluding the “Other” segment. SHARE OF NOBA’S TOTAL LENDING WITHIN CORE OPERATIONS3 SHARE OF NOBA’S (ADJUSTED) CORE3 OPERATING PROFIT 71% 70% Q2 26Q2 25 Q3 25 Q4 25 Q1 26 93.0 96.9 92.5 99.9 89.7 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 8.8% 8.7% 8.4% 8.6% 3.3% 3.3% 3.2% 2.9% 8.5% 3.3% Q2 26Q2 25 Q3 25 Q4 25 Q1 26 2,056 2,101 2,104 2,190 1,901 21% 21% 21%22% 21%
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10INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CREDIT CARDS SEGMENT OVERVIEW, Q2 2026 (Compared with Q2 2025, unless otherwise stated) NOBA offers credit cards under the brand Bank Norwegian. The segment has approximately 1.6 million product customers in the Nordic countries and Germany. At the end of the quarter, the segment had roughly 1.4m active and semi-active cards. LOAN PORTFOLIO DEVELOPMENT The total loan portfolio in the Credit Cards segment was SEK 21.1bn (18.8). In local currencies, the portfolio grew by 11 per cent over the year, while currency effects increased the growth rate by 1 percentage point. The increased lending volume was both due to new custom- ers and increased lending to existing customers. In Norway, credit card loans amounted to NOK 8.7bn (7.9). In Sweden, the loan portfolio amounted to SEK 4.3bn (4.0), while in Finland it amounted to EUR 0.37bn (0.36). Compared to the previous quarter (Q1 2026), on an annualised basis the seg- ment’s loan portfolio grew by 9 per cent in local currencies, while positive cur- rency effects increased volume growth by 2 percentage points. FINANCIAL PERFORMANCE The total income in the segment was SEK 659m (610), corresponding to an increase of 8 per cent compared with the same period previous year. The reve- nue growth was primarily due to higher lending volumes. The net interest mar- gin (NIM¹) amounted to 10.4 per cent in the quarter (10.4). NIM, adjusted for changes in the number of interest-gen- erating days and currency fluctuations, amounted to 10.5 per cent (10.5). Operating expenses were SEK -179m (-132), corresponding to an increase of 36 per cent. The increase is mainly explained by higher sales costs and by the fact that the comparison period had unusually low costs due to certain temporary positive items. The C/I ratio amounted to 27 per cent (22). Credit losses were SEK -155m over the quarter (-137). Thus, the credit loss level ended at 3.0 per cent (3.0). The adjusted operating profit2 decreased by 5 per cent to SEK 325m (341) during the quarter. (For further segment information, see Note 8) SEGMENT CUSTOMERS The segment has roughly 1.6m product customers in total. New customers are offered up to roughly SEK 150k in credit. Our customers appreciate our digital registration process, the possibility of an interest-free period of 45 days, the earn- ing of CashPoints and cashback and the fact that no annual fees are charged. LENDING (SEKbn) NIM AND CREDIT LOSSES NIM (%) Credit losses (%) INCOME AND C/I RATIO Income (SEK m) C/I ratio (%) 1 Refers to net interest margin, which is defined in the “Definitions” section. 2 Operating profit adjusted for amortisation of surplus values from transactions. 3 “Core” refers to core operations, or the total of all NOBA’s operations, excluding the “Other” segment. SHARE OF NOBA’S TOTAL LENDING WITHIN CORE OPERATIONS3 SHARE OF NOBA’S (ADJUSTED) CORE3 OPERATING PROFIT 15% 22% Q2 26Q2 25 Q3 25 Q4 25 Q1 26 19.5 19.6 20.5 21.1 18.8 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 10.4% 3.0% 10.5% 11.0% 10.5% 10.4% 2.9% 3.8% 3.1% 3.0% Q2 26Q2 25 Q3 25 Q4 25 Q1 26 662 636 642 659 610 22% 26% 28% 24% 27%
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11INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) SECURED SEGMENT OVERVIEW, Q2 2026 (Compared with Q2 2025, unless otherwise stated) NOBA offers residential mortgages to people who are excluded by the major banks, for example, due to non-conven- tional forms of employment. NOBA also offers equity release mortgage products to senior borrowers who wish to free up value from their homes. The segment has roughly 20k product customers in Sweden and Norway. The average outstanding mortgage amounts to approximately SEK 1.4m, and the aver- age outstanding equity release mortgage amounts to approximately SEK 0.9m. LOAN PORTFOLIO DEVELOPMENT The total loan portfolio in the Secured segment was SEK 20.7bn (18.4). In local currencies, the portfolio grew by 12 per cent over the year, while currency effects increased the growth rate by 1 percentage point. The total lending vol- ume was SEK 10.0bn (8.0) for mortgages and SEK 10.7bn (10.4) for equity release mortgages. Compared to the previous quarter (Q1 2026), on an annualised basis the seg- ment’s loan portfolio grew by 11 per cent in local currencies, while currency effects had a slightly positive impact on lending growth. FINANCIAL PERFORMANCE The total income in the segment was SEK 174m (175), which is largely unchanged compared with the previous year. The net interest margin (NIM¹) amounted to 3.5 per cent in the quarter (3.9) and was negatively affected by a higher share of new sales consisting of mortgages to the near-prime segment, where NIM is lower but the risk-adjusted return is considered attractive. NIM, adjusted for changes in the number of interest-gen- erating days and currency fluctuations, amounted to 3.5 per cent (3.9). Operating expenses were SEK -50m (-41), corresponding to a cost increase of 21 per cent compared to the same period previous year. The C/I ratio was 29 per cent (24). Credit losses in the quarter were SEK -12m (-20). Consequently, the credit loss level was 0.2 per cent (0.4). The adjusted operating profit2 decreased by 1 per cent and amounted to SEK 112m (114) this quarter. (For further segment information, see Note 8) SEGMENT CUSTOMERS The segment has roughly 20k customers in Sweden and Norway. The average loan- to-value ratio was roughly 75 per cent for residential mortgages and roughly 42 per cent for equity release mortgages. On average, customers repay their loans in roughly 2-3 and 10 years, respectively. LENDING (SEKbn) NIM AND CREDIT LOSSES NIM (%) Credit losses (%) INCOME AND C/I RATIO Income (SEK m) C/I ratio (%) 1 Refers to net interest margin, which is defined in the “Definitions” section. 2 Operating profit adjusted for amortisation of surplus values from transactions. 3 “Core” refers to core operations, or the total of all NOBA’s operations, excluding the “Other” segment. SHARE OF NOBA’S TOTAL LENDING WITHIN CORE OPERATIONS3 SHARE OF NOBA’S (ADJUSTED) CORE3 OPERATING PROFIT 15% 8% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 18.8 19.2 20.1 20.7 18.4 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 3.9% 0.4% 3.9% 3.8% 3.4% 3.5% 0.3% 0.4% 0.0% 0.2% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 181 179 168 174175 24% 22% 26% 27% 29%
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12INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) OTHER OVERVIEW NOBA is one of Europe’s leading specialist banks. NOBA provides retail customers with private loans, credit cards, mortgages, equity release mortgages and deposits under three brands: Nordax Bank, Bank Norwegian and Svensk Hypotek- spension. As of 2026, the bank also offers lending to small and medium-sized enterprises under the brand DBT. NOBA has a broad offering in four Nordic countries and offers credit cards and deposit products in Germany and deposit products in Spain, the Netherlands and Ireland. HISTORY AND DEVELOPMENT NOBA Bank Group AB (publ), formerly operating under the company names Nordax Bank AB (publ) and Nordax Finans AB (publ), was incorporated on 15 July 2003, and registered with the Swedish Companies Registration Office (Bolagsverket) on 26 August 2003, with the object of offering private loans to individuals in the Nordic region. On 27 January 2004, NOBA was granted a license by the Swedish Financial Supervisory Author- ity to conduct financing operations as a credit market company under the Swedish Financing Business Act (1992:1610) (replaced by the Swedish Banking and Financing Business Act (2004:297) on 1 July 2004) and commenced lending operations to Swedish customers in February 2004. Throughout its history, NOBA has grown both organically and through acquisitions. Under the Nordax Bank brand, NOBA commenced cross-border lending operations in Norway in 2006, Finland in 2007 and Germany in 2012. Through its mort- gage offering, NOBA began focusing on individuals whose mortgage applications are often rejected by traditional banks due to factors such as non-standard employment, short credit histories or other reasons, despite having generally strong per- sonal financial profiles. In 2018, NOBA acquired Svensk Hypotekspension, a specialist provider of equity release mortgages. These loans are secured against residential properties and are available to Swedish res- idents aged 60 and above. Following the acquisition, Svensk Hypotekspension operates as a subsidiary of NOBA, enhancing NOBA’s product offering in the equity release mortgage market. In 2021, NOBA acquired a Norwegian bank, Bank Norwegian, which operated as a subsidiary until the merger at the end of 2022. In 2024, an intra-group merger was performed between NOBA Bank Group AB (publ), NOBA Group AB (publ) and NOBA Hold- ing AB (publ), which resulted in the dissolution of the two latter entities. On 26 September 2025, the NOBA share was listed on Nasdaq Stockholm. In 2026, NOBA acquired all shares in DBT, a player in the Swed- ish market for lending to small and medium-sized enterprises and through the acquisition, an SME vertical was established. THE EXTERNAL ENVIRONMENT AND ITS IMPACT NOBA’s operations are affected by the macroeconomic sit- uation, particularly in the Nordic countries and Germany. Household and small and medium-sized business demand for loans and the ability to repay them depend on GDP develop- ment and related factors, such as unemployment rates, interest rates and property prices. During the quarter, the world was also still marked by significant concern related to the conflict in the Middle East. NOBA has not seen any material negative impact on its operations from this concern. SIGNIFICANT RISKS AND UNCERTAINTY FACTORS The group is exposed to credit risks and other financial risks, such as market risk and liquidity risk. The group is also exposed to operational risks such as IT risks, process risks and external risks, compliance risks, risks of exposure to financial crime and business risks. For further information, please see the section “Risks and risk management” on pages 27–29 of NOBA’s 2025 Annual Report.
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13INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) At the Annual General Meeting held on 21 May 2026, it was resolved to issue warrants as part of a long-term incentive programme. The programme comprises 1,300,000 warrants ("Series 2026/2029"), each entitling the holder to subscribe for one share in NOBA, of which 999,252 are held in treasury. The maximum dilution resulting from LTIP 2026 may amount to approximately 0.26 per cent of the total number of shares and votes in the Company. Taking into account recalculation at net value and the value cap, the dilutive effect will not exceed 0.11 per cent of the total number of shares and votes. The warrant plans are implemented on market terms. For fur- ther information, please visit noba.bank/investor-relations. The number of registered and outstanding shares as at 30 June 2026 was 500,000,000. SEASONAL VARIATIONS The demand for private loans exhibits some seasonal varia- tions, with an increase in demand during holiday periods, such as in the summer and before the Christmas holidays. The use of credit cards is also generally higher in the summer months due to increased travel. There are also some seasonal varia- tions for credit losses, as tax refunds have a positive impact in the spring. When comparing quarters, there is also an impact from the number of days included, which affects the interest calculation. FINANCIAL TARGETS • An annual organic loan growth, in local currencies, of at least 10 per cent in the medium term. NOBA's total lend- ing volume shall amount to SEK 250bn by the year 2030. • The adjusted C/I ratio shall be below 20 per cent in the medium term. • Core ROTE shall be approximately 30 per cent in the medium term. • The Common Equity Tier 1 (CET1) ratio shall be 13-15 per cent. • Dividend policy: 1) Dividend corresponding to 40 per cent of the adjusted core profit attributable to shareholders1. 2) To ensure that NOBA maintains a CET1 ratio within the target range, it is NOBA's intention to distribute excess capital to the company's shareholders. BOARD OF DIRECTORS The board of directors of NOBA Bank Group AB (publ) com- prises Hans-Ole Jochumsen, Chairman, and Board Members Birgitta Hagenfeldt, Martin Tivéus, Christopher Ekdahl, Ricard Wennerklint, Ragnhild Wiborg, Patrick Lapveteläinen and the employee representative Leslie Restovic Lopez. MANAGEMENT TEAM The management team of NOBA Bank Group AB (publ) com- prises: Chief Executive Officer Jacob Lundblad, Chief Financial Officer Patrick MacArthur, Chief Operating Officer Malin Jöns- son, Chief Product Officer Private Loans Per Alinder, Chief Technology Officer Adam Wiman, Chief Legal Officer Matthias Frost, Chief Credit & Analytics Officer Markus Kirsten, Chief Risk Officer Olof Mankert (co-opted), Chief Marketing Officer & Chief Product Officer Credit Cards Fredrik Mundal, Branch Manager and Branch CFO Mats Benserud, Chief Compliance Officer Elin Öberg Shaya (co-opted), Chief People Officer Malin Frick and Chief Product Officer SME & Secured Johan Magnuson. EMPLOYEES The average number of full-time employees (FTE) in the group was 732 (665) from 1 January - 30 June 2026. At the end of the period, the group had 746 employees (FTEs). SHARE-RELATED INCENTIVE PLANS At an Extraordinary General Meeting held on 25 September 2025, it was resolved to issue warrants under two incentive plans. Incentive plan 1, for members of the group manage- ment team and other key individuals, is divided into three series ("Series 2025/2027", "Series 2025/2028" and "Series 2025/2029"), and Incentive plan 2 ("Series 2025/2028:2") for certain members of the Board of Directors. The outstanding incentive programmes comprise a maximum of 10,699,006 warrants, each entitling the holder to subscribe for one share in NOBA. Of these, 224,268 warrants have been repurchased and cancelled. If all transferred warrants under the outstand- ing plans are exercised, the maximum dilutive effect would amount to no more than 2.05 per cent. However, as a result of repurchases, the recalculation at net value and the application of an upper value cap, the dilutive effect of the warrants is not expected to exceed 0.81 per cent. 1 The dividend distributed during the fourth quarter is based on the adjusted core profit attributable to shareholders generated during the first nine months of the fiscal year and is resolved upon by an extraordinary general meeting. The dividend distributed during the second quarter is based on the adjusted core profit attributable to shareholders generated during the last quarter of the previous year and is resolved upon by the annual general meeting.
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14INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) FINANCIAL STATEMENTS — GROUP GROUP SEKm NOTE APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Operating income Interest income 9 3,864 3,641 3,518 7,505 7,118 of which interest income according to the effective interest method 3,819 3,598 3,456 7,417 6,988 Interest expense 9 -997 -919 -969 -1,915 -2,042 Total net interest income 2,867 2,723 2,549 5,590 5,076 Commission income 10 317 296 285 613 567 Commission expenses 10 -99 -89 -87 -188 -160 Net profit from financial transactions 11 -30 12 -48 -18 -49 Total operating income 3,055 2,941 2,701 5,997 5,435 Operating expenses General administrative expenses 12 -458 -451 -439 -909 -850 Depreciation/amortisation and impairment of property and equip - ment and other intangible assets -30 -24 -18 -54 -36 Other operating expenses 13 -215 -191 -172 -406 -373 Total operating expenses -702 -666 -629 -1,368 -1,259 Profit before credit losses 2,353 2,275 2,072 4,628 4,176 Net credit losses 14 -883 -913 -909 -1,796 -1,932 Operating profit before amortisation of transaction surplus values 1,470 1,362 1,163 2,832 2,244 Amortisation of transaction surplus values -34 -32 -31 -66 -64 Operating profit 8 1,436 1,330 1,131 2,766 2,179 Tax on profit for the period -326 -327 -248 -654 -476 Profit for the period 1,110 1,003 883 2,112 1,703 Attributable to: The Parent Company’s shareholders 1,050 945 834 1,996 1,605 Holders of Tier 1 capital 59 57 49 117 98 Basic earnings per share, SEK 2.10 1.89 1.67 3.99 3.21 Diluted earnings per share, SEK 2.10 1.88 1.67 3.99 3.21 INCOME STATEMENT, CONDENSED CONSOLIDATED
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15INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF COMPREHENSIVE INCOME, CONDENSED CONSOLIDATED GROUP SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Profit for the period 1,110 1,003 883 2,112 1,703 Items to be reclassified in the income statement Gains and losses on revaluation of cash flow hedges during the period -51 49 -62 -2 -29 Tax on gains and losses on revaluation of cash flow hedges during the period 11 -10 13 0 6 Total cash flow hedges -41 39 -50 -2 -23 Debt instruments at fair value through other comprehensive income 25 -2 -1 23 3 Tax on debt instruments at fair value through other comprehensive income -5 0 0 -5 -1 Total debt instruments at fair value through other comprehensive income 20 -2 -1 18 2 Translation of foreign operations 86 1,448 -315 1,535 -671 Tax on translation of foreign operations -2 -154 39 -156 79 Hedge accounting of net investment in foreign operations -145 -1,083 137 -1,228 306 Tax on hedge accounting of net investment in foreign operations 30 223 -28 253 -63 Total translation of foreign operations -31 434 -167 404 -349 Items not to be reclassified in the income statement Equity instrument at fair value through other comprehensive income 0 0 -30 0 -39 Total equity instrument at fair value through other comprehensive income 0 0 -30 0 -39 Total other comprehensive income for the period -51 472 -249 420 -409 Total comprehensive income for the period 1,058 1,474 634 2,533 1,294 Attributable to: The Parent Company’s shareholders 999 1,417 585 2,416 1,196 Holders of Tier 1 capital 59 57 49 117 98
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16INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF FINANCIAL POSITION, CONDENSED CONSOLIDATED GROUP SEKm NOT 30 JUN 2026 31 DEC 2025 Assets Cash and balances with central banks 6,7 450 1,146 Treasury bills eligible for repayment, etc. 6,7 1,743 1,698 Lending to credit institutions 6,7 6,814 5,339 Lending to the public 4,6,7 143,348 132,341 Bonds and other fixed-income securities 6,7 14,145 13,557 Other shares 6,7 8 7 Derivatives 6,7 788 452 Intangible assets 8,212 7,587 Property and equipment 160 168 Current tax assets 24 23 Deferred tax assets 145 105 Other assets 6,7 420 413 Prepaid expenses and accrued income 125 74 Total assets 176,381 162,909 LIABILITIES, PROVISIONS AND EQUITY Liabilities Liabilities to credit institutions 6,7 21,776 19,351 Deposits from the public 6,7 115,055 107,870 Issued securities 6,7 6,688 4,375 Derivatives 6,7 652 409 Current tax liabilities 449 683 Deferred tax liabilities 522 527 Other liabilities 6,7 855 1,151 Accrued expenses and deferred income 664 486 Subordinated liabilities 6,7 1,845 1,804 Total liabilities 148,507 136,656 Equity Share capital 73 73 Other contributed capital 4,544 4,533 Other funds -1,079 -1,499 Tier 1 capital instruments 3,682 2,928 Retained earnings 18,542 16,607 Profit for the year 2,112 3,611 Total equity 27,875 26,253 Total liabilities, provisions and equity 176,381 162,909
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17INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF CHANGES IN EQUITY, CONDENSED CONSOLIDATED GROUP SEKm TOTAL Opening balance 1 January 2026 73 4,533 -1,507 -53 61 20,217 23,324 2,928 26,253 Comprehensive income Net profit/loss for the period - - - - - 1,996 1,996 117 2,112 Other comprehensive income - - 404 18 -2 - 420 - 420 Total Comprehensive income - - 404 18 -2 1,996 2,416 117 2,533 Paid interest in Tier 1 capital instruments - - - - - - - -117 -117 Issued Tier 1 capital instruments - - - - - - - 744 744 Change in Tier 1 capital instruments - - - - - -10 -10 10 0 Warrant issue² - 11 - - - - 11 - 11 Repurchase of warrants - -0 - - - -0 -0 - -0 Dividend paid - - - - - -1,550 -1,550 - -1,550 Closing balance 30 June 2026 73 4,544 -1,103 -35 60 20,655 24,193 3,682 27,875 Opening balance 1 January 2025 73 4,476 -839 -30 32 16,803 20,516 2,163 22,678 Comprehensive Income Net profit/loss for the period - - - - - 1,605 1,605 98 1,703 Other comprehensive income - - -349 -37 -23 - -409 - -409 Total Comprehensive income - - -349 -37 -23 1,605 1,196 98 1,294 Paid interest in Tier 1 capital instruments - - - - - - - -100 -100 Change in Tier 1 capital instruments - - - - - -11 -11 11 0 Share-based remuneration - - - - - 8 8 - 8 Closing balance 30 June 2025 73 4,476 -1,188 -67 9 18,405 21,708 2,173 23,881 Retained earnings incl. profit for the period Cash flow hedges¹Translation of foreign ope - rations, net¹Other contributed capitalShare capital Fair value reserve¹ Tier 1 capital instrumentsSum ¹ Other funds 2 In connection with the acquisition of DBT Capital AB, the company issued warrants under several programmes. The warrants were subscribed for by the company's employees at a subscription price of SEK 8m. As the participants paid fair market value at the time of subscription, no expenses have been recognised in relation to the warrant programmes. At NOBA Bank Group AB (publ)s Annual General Meeting held on 21 May 2026, a resolution was passed to issue warrants under a long-term incentive programme. As the participants paid fair market value at the time of subscription, no expenses have been recognised in relation to the warrant programme. As of the balance sheet date, warrants with a value of SEK 2.8m have been subscribed.
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18INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF CASH FLOWS, CONDENSED CONSOLIDATED GROUP SEKm NOT 30 JUN 2026 30 JUN 2025 Operating activities Operating profit 2,766 2,179 Adjustment for non-cash items 15 2,515 2,711 Paid income tax -887 -509 Cash flow from operating activities before change in operating assets and liabilities 4,394 4,381 Change in operating assets and liabilities Decrease/increase in treasury bills eligible for repayment, etc. -46 59 Decrease/increase in lending to credit institutions 56 - Decrease/increase in lending to the public -9,527 -8,078 Decrease/increase in deposits from the public 4,622 2,268 Decrease/increase in bonds and other interest-bearing securities -74 -3,808 Decrease/increase in issued securities 2,268 672 Decrease/increase in liabilities to credit institutions 1,406 1,503 Change in derivatives, net -890 -1,080 Decrease/increase in other assets -1 -20 Decrease/increase in other liabilities -239 403 Cash flow from operating assets and liabilities -2,425 -8,081 Total cashflow from operating activities 1,969 -3,700 Investing activities Business acquisition -397 - Acquisition of property and equipment and intangible assets -132 -116 Cash flow from investing activities -528 -116 Financing activities Paid shareholder contribution -1,550 - Issued Tier 1 captial instruments 744 - Paid interest Tier 1 Captial instruments -117 -100 Issued warrants¹ 10 - Repurchase of warrants 0 - Cash flow from financing activities -913 -100 Cash flow for the period 527 -3,916 Cash and cash equivalents at the beginning of the period 6,265 12,077 Acquired cash and cash equivalents 199 - Exchange rate differences in cash and cash equivalents at the end of the period 109 -97 Cash and cash equivalents at the end of the period 7,101 8,064 Cash and cash equivalents are defined as cash and balances with central banks and lending to credit institutions (excluding the Riksbank's deposit requirement). Pledged lending to credit institution under Note 16 are available to NOBA in connection with monthly settlement under financing agreements and are therefore defined as cash and cash equivalents due to their being pledged for a maximum of 30 days and therefore short-term. 1 Of the warrants resolved to be issued at NOBA Bank Group AB (publ)s Annual General Meeting on 21 May 2026, SEK 0.7m remains unpaid as of the balance sheet date.
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19INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOBA Bank Group AB (publ) (Corporate Identity Number 556647-7286), with its registered office in Stockholm, Sweden, is the parent company in the NOBA Bank Group. The group includes the parent company, where the Norwegian branch, NOBA Bank Group AB (publ) NUF is a part, a number of direct subsidiaries of NOBA Bank Group AB (publ), the subsidiary Svensk Hypotekspension AB with its subsidiaries and the sub - sidiary DBT Capital AB with its subsidiaries. The Group’s business involves lending to the public through private loans, credit cards, residential mortgage loans, equity release products, and small to medium-sized enterprise loans, as well as receiving deposits in Sweden, Norway, Denmark, Finland, Germany, Spain, the Netherlands, and Ireland. The primary business of NOBA Bank Group AB's (publ) direct subsidiaries, as well as the subsidiaries of Svensk Hypotekspension, is to acquire loan portfolios originated by NOBA Bank Group AB (publ) and Svensk Hypotekspension, respectively. This is done with the purpose of raising loan or bond financing, as well as to optimize loan portfolios within the group structure. Some of these companies are dormant and currently do not conduct any operations. NOBA's share was listed on Nasdaq Stockholm on 26 Septem - ber 2025. NOTES NOTE 1 GENERAL INFORMATION
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20INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) The interim report has been prepared according to IAS 34, Interim Financial Reporting. The consolidated accounts for the NOBA Bank Group have been prepared in accordance with International Financial Reporting Standards (IFRS Accounting Standards), as adopted by the EU, together with the Annual Accounts Act for Credit Institutions and Securities Companies (1995:1559), the Swedish Financial Accounting Standards Council’s recommendation RFR 1, Supplementary Accounting Regulations for Groups, and the Swedish Financial Supervisory Authority’s regulations and guidelines FFFS 2008:25 Annual accounts for credit institutions and securities companies. The report has been prepared in accordance with the same accounting principles and calculation methods that were applied in the annual report for 2025. No new or amended laws, accounting standards or interpretations with material effect entered into force in 2026. The financial statements are presented in Swedish kronor and all figures are rounded to millions of kronor (SEKm) unless otherwise indicated. No adjustments for rounding are made, therefore summation differences may occur. FUTURE REGULATORY CHANGES IFRS 18 Presentation and Disclosure in Financial Statements The IASB published the new IFRS 18 Presentation and Disclosure in Financial Statements standard on 9 April 2024, which replaces IAS 1 P resentation of Financial Statements . Assuming that the date of implementation proposed by the IASB is not changed, this standard is to be applied as of the 2027 financial year. IFRS 18 sets out new requirements for the presentation and disclosure of information in financial statements, with a particular focus on the income statement and enhanced transparency surrounding management- defined performance measures. The standard is not expected to entail any financial effects for NOBA, as IFRS 18 focuses on presentation and disclosure in financial statements. Work is ongoing at the Bank to analyse the effects of the new standard. Other changes in IFRS Accounting Standards None of the other forthcoming changes in the accounting regulations issued for application are assessed to have a material impact on NOBA's financial reports, capital adequacy, large exposures or other circumstances according to the applicable regulatory requirements. NOTE 2 ACCOUNTING AND MEASUREMENT POLICIES Presentation of consolidated financial statements in conformity with IFRS Accounting Standards requires the executive management to make judgments and estimates that affect the recognised amounts of assets, liabilities and disclosures of contingent assets and liabilities as of the reporting date as well as the recognised income and expenses during the reporting period. The executive management team continuously evaluates these judgments NOTE 3 SIGNIFICANT ACCOUNTING ESTIMATES and estimates, including assessing control over investment funds, the fair value of financial instruments, provisions for credit impairment, impairment testing of goodwill and deferred taxes. Beyond that, there have been no significant changes to the basis upon which the critical accounting judgments and estimates have been determined compared with 31 December 2025.
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21INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 4 FINANCIAL RISK MANAGEMENT — GROUP MAXIMUM EXPOSURE TO CREDIT RISK SEKm 30 JUN 2026 31 DEC 2025 Credit risk exposures relate to the balance sheet as follows: Cash and balances with central banks 450 1,146 Treasury bills eligible for repayment, etc. 1,743 1,698 Lending to credit institutions 6,814 5,339 Lending to the public 143,348 132,341 Bonds and other fixed-income securities 14,145 13,557 Total on-balance 166,500 154,081 Unutilised loan commitments 69,794 63,009 Total off-balance 69,794 63,009 The assets above are recognized at carrying amount in accor - dance with the balance sheet. Cash and balances with central banks, treasury bills eligible for repayment, etc., lending to credit institutions, as well as bonds and other fixed-income securities refer to exposures to, among others, Swedish and Norwegian counterparties. Of the treasury bills eligible for repayment, etc., SEK 1,743m (1,698) consists of financial instruments measured at fair value through other comprehensive income. Bonds and other fixed-income securities amount to SEK 14,145m (13,557), of which SEK 471m (814) are financial instruments measured at fair value through profit or loss, SEK 13,302m (12,340) are financial instruments measured at fair value through other comprehensive income, and SEK 373m (404) are financial instruments measured at amortized cost (relating to securiti - zation, SRT transactions). Of lending to the public, SEK 140,751m (130,068) constitutes financial instruments measured at amortized cost and SEK 2,597m (2,274) constitutes financial instruments measured at fair value through profit or loss (for further information, see Note 6). Loans to the public that are measured at fair value through profit or loss relate to equity release credits secured by real estate. The geographical concentrations of risk for loans to the public are presented in a table on the next page.
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22INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) LENDING TO THE PUBLIC MEASURED AT AMORTISED COST, BY PRODUCT SEKm 30 JUN 2026 GROSS PROVISIONS NET Lending to the public STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 STAGE 3 Private loans 87,266 4,998 19,930 -1,487 -915 -9,371 100,420 Secured 17,014 749 559 -140 -6 -71 18,106 Credit Cards 19,414 888 2,212 -234 -158 -1,048 21,073 Corporate loans 998 26 193 -3 -0 -62 1,152 Total on-balance 124,692 6,662 22,892 -1,864 -1,080 -10,552 140,751 Unutilised loan commitments 69,687 72 93 -52 -5 -1 69,794 Total off-balance 69,687 72 93 -52 -5 -1 69,794 31 DEC 2025 GROSS PROVISIONS NET Lending to the public STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 STAGE 3 Private loans 81,540 4,811 17,998 -1,425 -929 -8,435 93,560 Secured 16,009 601 524 -137 -5 -59 16,932 Credit Cards 17,995 926 1,910 -224 -146 -886 19,575 Total on-balance 115,545 6,339 20,431 -1,787 -1,080 -9,380 130,068 Unutilised loan commitments 62,926 67 82 −60 −3 −1 63,009 Total off-balance 62,926 67 82 −60 −3 −1 63,009 NOTE 4 FINANCIAL RISK MANAGEMENT — GROUP SEKm 30 JUN 2026 GROSS PROVISIONS NET Lending to the public STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 STAGE 3 Sweden 53,686 2,675 7,527 -688 -436 -3,820 58,944 Finland 31,197 1,888 9,712 -677 -372 -4,316 37,430 Norway 27,021 1,530 4,199 -217 -145 -1,571 30,818 Denmark 10,474 472 920 -225 -101 -462 11,078 Germany & Spain 2,314 96 534 -57 -25 -383 2,480 Total on-balance 124,692 6,662 22,892 -1,864 -1,080 -10,552 140,751 Unutilised loan commitments 69,687 72 93 -52 -5 -1 69,794 Total off-balance 69,687 72 93 -52 -5 -1 69,794 31 DEC 2025 GROSS PROVISIONS NET Lending to the public STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 STAGE 3 Sweden 50,413 2,437 7,109 -697 -434 -3,621 55,208 Finland 29,529 1,979 8,367 -629 -388 -3,661 35,198 Norway 24,184 1,413 3,689 -206 -145 -1,365 27,570 Denmark 9,184 434 821 -185 -95 -415 9,743 Germany & Spain 2,235 75 444 -69 -19 -317 2,349 Total on-balance 115,545 6,339 20,431 -1,787 -1,080 -9,380 130,068 Unutilised loan commitments 62,926 67 82 −60 −3 −1 63,009 Total off-balance 62,926 67 82 −60 −3 −1 63,009 LENDING TO THE PUBLIC MEASURED AT AMORTISED COST, BY COUNTRY
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23INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) The information in this note is disclosed in accordance with Chapter 8, Section 4 of the Swedish FSA’s regulations and general guidelines regarding annual reports at credit insti - tutions and securities companies (FFFS 2008:25), as well as Chapter 8, Section 1 of the Swedish FSA’s regulations and general guidelines regarding prudential requirements and capital buffers (FFFS 2014:12). Information in Article 447 of Regulation (EU) No 575/2013 as well as the disclosure requi - rements of the same regulation. The liquidity and funding information is disclosed in accordance with Chapter 5, Section 2 of the Swedish FSA’s regulations regarding management of liquidity risks in credit institutions and investment firms (FFFS 2010:7). INFORMATION ON THE CONSOLIDATED SITUATION The top company in the Consolidated Situation is NOBA Bank Group AB (publ). The following companies are included in the Consolidated Situation when calculating capital require - ments: NOBA Bank Group AB (publ), NOBA Finland 1 AB (publ), NOBA Sverige AB, Nordax Sverige 5 AB (publ), Nordax Sweden Mortgages 1 AB (publ), Norrvidd Finance AB (publ) (previously NOBA Nordic 1 AB), Finsol OY, DBT Capital AB and affiliated subsidiaries DBT Capital HY AB and DBT Capital Inv AB, and Svensk Hypotekspension AB with affiliated subsidiaries Svensk Hypotekspension Fond 2 AB, Svensk Hypotekspension Fond 3 AB (publ), Svensk Hypotekspension Fond 4 AB (publ) and Svensk Hypotekspension 5 AB (publ). On 16 June 2026 Norr - vidd Finance AB (publ) received a licence to conduct financing operations by the Swedish FSA. COMMON EQUITY TIER 1 CAPITAL The Common Equity Tier 1 (CET1) capital consists of equity excluding Tier 1 capital instruments and warrants issue, and with regulatory adjustments for, among other things, intan - gible assets. NOBA may, with prior approval from Swedish FSA and in accordance with Article 26(2) of the Capital Require - ment Regulation, include in the CET1 capital the profit for the year after deduction for foreseeable and proposed dividends. NOBA has established a dividend policy where 40 per cent of adjusted core profit attributable to shareholders should be paid as dividend. As of 30 June 2026, a deduction of SEK 819m was therefore made for the period 1 January to 30 June 2026. TIER 1 CAPITAL AND CAPITAL BASE The Tier 1 capital consists of Common Equity Tier 1 capital plus SEK 3,682m Tier 1 capital instruments. In addition to Tier 1 Capital, the consolidated situation capital base also includes Tier 2 capital of SEK 1,845m. NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION DBT CAPITAL AB On 2 February 2026 NOBA Bank acquired DBT Capital AB, a lender to Swedish small and medium-sized enterprises. The acquisition increased NOBA’s total risk exposure amount, mainly through DBT’s lending portfolio. The acquisition also reduced NOBA’s CET1 capital mainly due to the increase in deductions of goodwill and intangible assets. In total the acquisition reduced the CET1 ratio and the total capital ratio by 0.3 percentage points. EXEMPTION AS PER ARTICLE 352(2) On 18 March 2022, the Swedish FSA granted NOBA an exemption for the Consolidated Situation according to article 352.2 in Regulation (EU) No 575/2013, to include goodwill and intangible assets denominated in NOK, resulting from the acquisition of Bank Norwegian, when calculating open FX positions. On 30 August 2024, the Swedish FSA renewed the exception granted to NOBA for the new consolidated situation that arose in connection with the merger between NOBA Holding, NOBA Group and NOBA Bank Group. On 30 December 2022, a similar exemption was granted for NOBA Bank Group AB regarding goodwill and intangible assets which, after the merger of Bank Norwegian, became part of NOBA Bank Group’s balance sheet. The Swedish FSA decision means a corresponding reduction in NOBA Bank Group’s risk exposure amount for market risk. LIQUIDITY RESERVE AND OWN FUNDS Except for Swedish central bank certificates, all of NOBA’s securities holdings in the liquidity reserve are accounted at fair value. Changes in fair value are reported either through profit and loss or through other comprehensive income. In either case the changes in fair value affect CET1. Thus, sales of holdings in the liquidity reserve have no impact on own funds. COMBINED BUFFER REQUIREMENT The combined buffer requirement for the Consolidated Situation consists of the capital conservation buffer requirement, the countercyclical capital buffer requirement and the systemic risk buffer requirement for Norwegian exposures. The capital conservation buffer requirement amounts to 2.5 percent of the total risk exposure amount. The countercyclical capital buffer is weighted based on geographical requirements. For Finland the requirement amounted to 0 per cent, for Spain the requirement amounted to 0.5 per cent, for Germany the requirement amounted to 0.75 per cent, for Norway and Denmark the requirement amounted to 2.5 per cent, while the requirement was 2 percent for Sweden.
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24INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOBA is also subject to the systemic risk buffer requirement for Norwegian exposures, since its total risk exposure amount for those exposures exceeds NOK 5bn. The systemic risk buffer requirement amounts to 4.5 per cent of the risk exposure amount in Norway, which for NOBA's consolidated situation corresponds to 0.90 per cent of the total risk exposure amount. INTERNAL CAPITAL REQUIREMENT, PILLAR 2 REQUIREMENTS AND PILLAR 2 GUIDANCE On 29 April 2025 the Swedish FSA communicated the outcome of their Supervisory Review and Evaluation Process (SREP) for NOBA. The Swedish FSA decided that NOBA should be subject to a risk-based Pillar 2 requirement of 1.40 per cent and a risk-based Pillar 2 guidance of 0 per cent of the total risk expo - sure amount. As of 30 June 2026, the internally assessed capital requi - rement, in addition to the Pillar 1 requirement, for the Consolidated Situation amounted to SEK 1,602m (1,384), which corresponds to 1.42 per cent (1.33) of the total risk exposure amount. Unlike the Pillar 2 requirement decided by the Swedish FSA, which is based on NOBA’s risk exposure as of 31 December 2024, the internally assessed capital require - ment takes into account the current risk exposure not covered by the Pillar 1 requirements. NOBA’s capital and risk manage - ment is always based on the higher of the Pillar 2 requirement and the internally assessed capital requirement for each risk type. The total internally assessed capital requirement for NOBA’s Consolidated Situation, including Pillar 1 requirements, combi - ned buffer requirements, Pillar 2 requirements and internally assessed capital requirement in excess of Pillar 2 require - ments for the period amounts to SEK 16,208m (14,917). LEVERAGE RATIO Leverage ratio is a non-risk-based capital measure where Tier 1 capital is set in relation to the total assets with adjusted derivative exposures as well as off-balance sheet commit - ments recalculated with conversion factors. As of 30 June 2026, the Consolidated Situation’s leverage ratio was 10.74 per cent (10.15), which is well in excess of the 3 per cent requi - rement and the pillar 2 guidance for leverage ratio decided by the Swedish FSA, amounting to 1 per cent of the exposure amount for leverage ratio. NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION
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25INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 1 SEKm 30 JUN 2026 31 DEC 2025 Own funds Common Equity Tier 1 (CET1) capital before deduction of regulatory adjustments 23,578 21,988 Total deduction of regulatory adjustment to CET1 capital -8,439 -7,742 Common Equity Tier 1 (CET1) capital after deduction of regulatory adjustments 15,139 14,246 Additional Tier 1 capital 3,682 2,182 Sum Tier 1 Capital 18,821 16,428 Tier 2 Capital 1,845 1,804 Total capital 20,666 18,232 Risk exposure amount, credit risk 104,301 95,786 Risk exposure amount, market risk - - Risk exposure amount, operational risk 8,314 8,244 Risk exposure amount, credit value adjustment (CVA) 167 206 Total risk exposure amount (risk weighted assets) 112,782 104,237 Capital ratios and buffers Common Equity Tier 1 capital ratio 13.42% 13.67% Tier 1 capital ratio 16.69% 15.76% Total capital ratio 18.32% 17.49% Total Common Equity Tier 1 capital requirement including buffer requirement 9.45% 9.41% - of which capital conservation buffer requirement 2.50% 2.50% - of which countercyclical capital buffers 1.55% 1.53% -of which systemic risk buffer 0.90% 0.88% SPECIFICATION OWN FUNDS Common Equity Tier 1 capital: Capital instruments and related share premium 4,548 4,548 - of which share capital 73 73 - of which other contributed capital 4,476 4,476 - of which other funds - - Retained earnings 18,542 16,607 Accumulated other comprehensive income -1,079 -1,499 Deferred tax liabilities attributable to other intangible assets 279 271 Independently audited interim results 2,106 3,611 Foreseeable dividends¹ -819 -1,550 Common Equity Tier 1 capital before regulatory adjustments 23,578 21,988 NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION 1 In accordance with the dividend policy for the period January 1 – June 30, 2026.
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26INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 2 SEKm 30 JUN 2026 31 DEC 2025 Regulatory adjustments: (-) Intangible assets -8,212 -7,587 Additional value adjustments -227 -155 Total regulatory adjustment to Common Equity Tier 1 capital -8,439 -7,742 Common Equity Tier 1 capital 15,139 14,246 Tier 1 capital - Additional Tier 1 capital 3,682 2,182 Tier 1 capital, total 18,821 16,428 Tier 2 capital - Tier 2 1,845 1,804 Total capital 20,666 18,232 Specification of risk exposure amount Exposures to national governments and central banks 362 262 Exposures to regional governments and local authorities - - Exposures to institutions 1,503 1,184 Exposures in the form of covered bonds 1,037 866 Retail exposures 81,230 75,913 Exposures secured by mortgages on immovable property 5,790 5,218 Equity exposures 31 23 Exposures in default 12,556 11,259 Securitisation exposure 592 637 Exposures to corporates 710 - Other items 490 425 Total risk exposure amount for credit risk, standardised approach 104,301 95,786 Foreign exchange risk - - Total risk exposure amount for foreign exchange risk - - Operational risk 8,314 8,244 Total risk exposure amount for operational risks 8,314 8,244 Credit valuation adjustment risk (CVA) 167 206 Total risk exposure amount for credit valuation adjustment risk 167 206 Total risk exposure amount 112,782 104,237 NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION
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27INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 3 SEKm 30 JUN 2026 31 DEC 2025 Specification own funds requirements (8 percent of REA) Credit risk Exposures to national governments and central banks 29 21 Exposures to regional governments and local authorities - - Exposures to institutions 120 95 Exposures in the form of covered bonds 83 69 Retail exposures 6,498 6,073 Exposures secured by mortgages on immovable property 463 417 Equity exposures 2 2 Exposures in default 1,005 901 Securitisation exposure 47 51 Exposures to corporates 57 - Other items 39 34 Total capital requirement for credit risk 8,344 7,663 Market risk Foreign exchange risk - - Total risk exposure amount for market risk - - Operational risk Operational risk 665 660 Total risk exposure amount for operational risk 665 660 Credit valuation adjustment risk (CVA) Credit valuation adjustment risk (CVA) 13 17 Total capital requirement for CVA risk 13 17 Total Capital Requirement 9,023 8,339 Capital Requirement, % of REA Pillar 1 8.00% 8.00% Pillar 2, SREP 1.40% 1.40% Capital conservation buffer 2.50% 2.50% Institution-specific countercyclical buffer 1.55% 1.53% Systemic risk buffer — Norway 0.90% 0.88% Total Capital Requirement 14.35% 14.31% Capital Requirement Pillar 1 9,023 8,339 Pillar 2, SREP 1,579 1,459 Capital conservation buffer 2,820 2,606 Institution-specific countercyclical buffer 1,744 1,594 Systemic risk buffer — Norway 1,020 916 Total Capital Requirement 16,185 14,914 NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION
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28INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 3 CONTINUED SEK m 30 JUN 2026 31 DEC 2025 LEVERAGE RATIO Total exposure measure for calculating leverage ratio 175,196 161,846 Tier 1 capital 18,821 16,428 Leverage ratio 10.74% 10.15% Leverage ratio requirement, as a percentage of exposure for leverage ratio Leverage ratio requirement 3.00% 3.00% Leverage ratio requirement Pillar 2 - - Pillar 2 guidance for leverage ratio¹ 1.00% 1.00% Total leverage ratio requirement, including pillar 2 guidance 4.00% 4.00% Leverage ratio requirement, SEK m Leverage ratio requirement 5,256 4,855 Pillar 2 guidance for leverage ratio¹ 1,752 1,618 Total leverage ratio requirement, including pillar 2 guidance 7,008 6,474 NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION 1 The pillar 2 guidance is fulfilled with CET1 capital.
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29INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PART 1 SEKm A 20260630 B 20260331 C 20251231 D 20250930 E 20250630 Available own funds (amounts) 1 Common Equity Tier 1 (CET1) capital 15,139 14,616 14,246 14,561 14,170 2 Tier 1 capital 18,821 16,803 16,428 16,738 16,343 3 Total capital 20,666 18,639 18,232 18,560 18,163 Risk-weighted exposure amounts 4 Total risk exposure amount 112,782 109,709 104,237 103,581 100,878 Capital ratios (% of risk-weighted exposure amount) 5 Common Equity Tier 1 ratio (%) 13.42% 13.32% 13.67% 14.06% 14.05% 6 Tier 1 capital (%) 16.69% 15.32% 15.76% 16.16% 16.20% 7 Total capital ratio (%) 18.32% 16.99% 17.49% 17.92% 18.01% Additional own funds requirements to address risks other than the risk of excessive leverage (% of risk-weighted exposure amount) EU 7a Additional own funds requirements to address risks other than the risk of excessive leverage (%) 1.40% 1.40% 1.40% 1.40% 1.40% EU 7b of which: to be made up of the CET 1 capital (%) 0.79% 0.79% 0.79% 0.79% 0.79% EU 7c of which: to be made up of Tier 1 capital (%) 1.05% 1.05% 1.05% 1.05% 1.05% EU 7d Total SREP own funds requirements (%) 9.40% 9.40% 9.40% 9.40% 9.40% Combined buffer and overall capital requirements (% of risk-weighted exposure amount) 8 Capital conservation buffer (%) 2.50% 2.50% 2.50% 2.50% 2.50% EU 8a Conservation buffer due to macro-prudential or syste - matic risk identified at the level of a Member State (%) - - - - - 9 Institution-specific countercyclical capital buffer (%) 1.55% 1.55% 1.53% 1.53% 1.52% EU 9a Systemic risk buffer (%) 0.90% 0.91% 0.88% 0.91% 0.91% 10 Global Systemically Important Institution buffer (%) - - - - - EU 10a Other Systemically Important Institution buffer (%) - - - - - 11 Combined buffer requirements (%) 4.95% 4.96% 4.91% 4.93% 4.93% EU 11a Overall capital requirements (%) 14.35% 14.36% 14.31% 14.33% 14.33% 12 CET 1 available after meeting the total SREP own funds requirements (%) 8.14% 7.59% 8.09% 8.52% 8.61% Leverage ratio 13 Leverage ratio total exposure measure (amounts) 175,196 169,926 161,846 166,019 161,172 14 Leverage ratio (%) 10.74% 9.89% 10.15% 10.08% 10.14% Table “Template EU KM1 — Key metrics template in accor - dance with Article 447 Regulation EU No 575/2013” NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION
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30INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PART 2 SEKm A 20260630 B 20260331 C 20251231 D 20250930 E 20250630 Additional own funds requirements to address the risk of excessive leverage (% of total exposure measure) EU 14a Additional own funds requirements to address the risk of excessive leverage (%) - - - - - EU 14b of which: to be made up of CET 1 capital (%) - - - - - EU 14c Total SREP leverage ratio requirements (%) 3.00% 3.00% 3.00% 3.00% 3.00% Leverage ratio buffer and overall leverage ratio requi - rement (% of total exposure measure) EU 14d Krav på bruttosoliditetsbuffert (i %) - - - - - EU 14e Samlat bruttosoliditetskrav (i %) 3.00% 3.00% 3.00% 3.00% 3.00% Liquidity Coverage Ratio¹ 15 Total high-quality liquid assets (HQLA) (Weighted aver - age value) 15,600 16,426 18,051 18,381 18,302 EU 16a Cash outflows - Total weighted value 15,655 16,477 17,194 18,069 16,993 EU 16b Cash inflows - Total weighted value 5,745 5,894 5,593 6,373 5,501 16 Total net cash outflows (adjusted value) 9,910 10,583 11,601 11,695 11,492 17 Liquidity coverage ratio 158.50% 155.34% 155.93% 157.17% 159.26% Net Stable Funding Ratio 18 Total available stable funding 146,247 142,868 136,692 137,675 134,292 19 Total required stable funding 133,018 129,564 122,872 122,664 119,239 20 NSFR ratio (%) 109.95% 110.27% 111.25% 112.24% 112.62% Template EU KM1 — Key metrics template in accordance with Regulation EU No 575/2013 1 Expressed as simple averages of the observations at the end of the month during the twelve months before the end of the quarter. NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION
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31INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) INFORMATION ON LIQUIDITY RISK NOBA defines liquidity risk as the risk of failing to fulfil payment obligations at maturity without a significant increase in the cost of obtaining means of payment. NOBA uses assetbacked borrowing in which parts of the asset portfolios are pledged as collateral for the funding. The long- term strategy is to match the maturities of lending assets with the maturities of liabilities. The strategy strives to achieve a diversified funding platform comprising equity, subordinated debt, securitisations (“ABS”), credit facilities provided by banks, deposits from the public and senior unsecured bonds. The goal is to use funding sources that meet the following criteria: - Provide a high degree of matching of currencies and interest periods as well as maturities between assets and liabilities. - Offer diversification in terms of markets, investors, instruments, maturities, currencies, counterparties, and geography. - Give a low liquidity risk and offer a strong possibility of refinancing at maturity, as evidenced by price stability, regularity of issuance and a broad investor base. - Provide access to relatively large volumes, to meet the funding requirements of a growing balance sheet. The Treasury function is responsible for managing liquidity risk, including daily measurement and reporting to the company's management. Stressed cash flows and items both on and off-balance sheet are used to determine values for risk indicators such as the liquidity coverage ratio (LCR), net stable funding ratio (NSFR), survival horizon, and deposit usage. The risk indicators are limited and monitored over time to highlight changes in the financial structure and the group's liquidity risk. The Risk Control function is responsible for the independent control of liquidity risk and reports risk indicators to the Board of Directors and the CEO on a monthly basis. This function analyses and reports the impact on the liquidity situation in various scenarios, such as changes in exchange rates, deposit and lending volumes, credit losses, and market values. The liquidity contingency plan contains a clear division of responsibilities and instructions on how NOBA should respond in a liquidity crisis. The plan specifies appropriate actions to manage the consequences of various types of crises and contains definitions of events that trigger and escalate the contingency plan. NOTE 5 CAPITAL ADEQUACY ANALYSIS — CONSOLIDATED SITUATION As of 30 June 2026, NOBA's Consolidated Situation’s Liquidity Coverage Ratio (LCR) was 193 per cent (151) and for NOBA Bank Group AB it amounted to 187 per cent (147). The net stable funding ratio (NSFR) was 110 per cent (111) and for NOBA Bank Group AB it amounted to 112 per cent (112), calculated in accordance with the definition in Regulation (EU) No. 575/2013. The Consolidated Situation’s liquidity reserve as of 30 June 2026 amounts to SEK 20,344m (19,485), of which 50 per cent (44) are invested in covered bonds, 27 per cent (21) in cash balances with credit institutions and 2 per cent (6) in cash balances with central banks. The remaining 21 per cent (29) of the balances are invested in interest-bearing securities issued by central governments, municipalities, supranationals and international development banks. The credit assessments of these investments are generally high and therefore have high credit ratings, between AAA and AA+, from leading credit rating agencies. Of these investments 90 per cent (83) were AAA and 10 per cent (17) were AA+. The average maturity amounts to 2.9 years (2.9) and the interest duration is 0.15 years (0.17). As of 30 June 2026, NOBA Consolidated Situation’s funding sources comprise SEK 6,658m (4,345) in senior unsecured bonds and commercial papers, SEK 21,776m (19,351) financing against pledges with international banks and repo transac - tions, and SEK 115,055m (107,870) of retail deposits. The Swedish National Debt Office sent out, during the second quarter, a memorandum concerning a new principle for calculating the deposit guarantee fee, where the proposal would affect the allocation of the paid fee between different institutions. The proposal is intended to enter into force on 1 January 2027. The Swedish National Debt Office also makes assessments of which Swedish credit institutions should be categorised as liquidation institutions and resolution institutions respecti - vely, based on the institutions’ impact on the financial system in the event of default. NOBA is currently categorised as a liquidation institution. During the third quarter of 2026, NOBA was informed that the Swedish National Debt Office had ini - tiated an in-depth analysis to assess whether the authority should, going forward, categorise NOBA as a resolution insti - tution. A decision is expected to be made in December 2026.
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32INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 6 CLASSIFICATION OF FINANCIAL ASSETS AND LIABILITIES — GROUP VALUATION SEKm 30 JUNE 2026 FAIR VALUE THROUGH PROFIT OR LOSS TOTAL Assets Cash and balances with central banks - - - - 450 450 Treasury bills eligible for repayment, etc. - - - 1,743 - 1,743 Lending to credit institutions¹ - - - - 6,814 6,814 Lending to the public 2,597 - - - 140,751 143,348 Bonds and other fixed-income securities 471 - - 13,302 373 14,145 Other shares 8 - - - - 8 Derivatives 605 - 183 - - 788 Other assets - - - 16 185 201 Total assets 3,681 - 183 15,061 148,572 167,496 Liabilities Liabilities to credit institutions - - - - 21,776 21,776 Deposits from the public - - - - 115,055 115,055 Issued securities - - - - 6,688 6,688 Derivatives 65 - 587 - - 652 Other liabilities - - - - 485 485 Subordinated liabilities - - - - 1,845 1,845 Total liabilities 65 - 587 - 145,849 146,501 31 DECEMBER 2025 Assets Cash and balances with central banks - - - - 1,146 1,146 Treasury bills eligible for repayment, etc. - - - 1,698 - 1,698 Lending to credit institutions - - - - 5,339 5,339 Lending to the public 2,274 - - - 130,068 132,341 Bonds and other fixed-income securities 814 - - 12,340 404 13,557 Other shares 7 - - - - 7 Derivatives 93 - 359 - - 452 Other assets - - - 16 206 222 Total assets 3,187 - 359 14,053 137,162 154,762 Liabilities Liabilities to credit institutions - - - - 19,351 19,351 Deposits from the public - - - - 107,870 107,870 Issued securities - - - - 4,375 4,375 Derivatives 384 - 25 - - 409 Other liabilities - - - - 352 352 Subordinated liabilities - - - - 1,804 1,804 Total liabilities 384 - 25 - 133,752 134,160 Derivatives identified as hedge instrumentsFair value optionMandatory Fair value through other comprehensive incomeAmortised cost 1 The Riksbank has previously decided that all banks and other Swedish credit institutions must deposit a portion of their deposit base as interest- free deposits. The deposit requirement is set in a recurring process each year. For NOBA, this means that SEK 167m (221) has been deposited with the Riksbank at 0 percent interest until a new amount is set next year.
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33INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 7 FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES — GROUP VALUE SEKm CARRYING FAIR OVERVALUE (+) 30 JUNE 2026 AMOUNT VALUE UNDERVALUE (-) Assets Cash and balances with central banks 450 450 - Treasury bills eligible for repayment, etc. 1,743 1,743 - Lending to credit institutions 6,814 6,814 - Lending to the public 143,348 163,963 20,615 Bonds and other fixed-income securities 14,145 14,145 - Other shares 8 8 - Derivatives 788 788 - Other assets 201 201 - Total assets 167,496 188,111 20,615 Liabilities Liabilities to credit institutions 21,776 21,776 - Deposits from the public 115,055 115,055 - Issued securities 6,688 6,723 35 Derivatives 652 652 - Other liabilities 485 485 - Subordinated liabilities 1,845 1,958 113 Total liabilities 146,501 146,649 148 31 DECEMBER 2025 Assets Cash and balances with central banks 1,146 1,146 - Treasury bills eligible for repayment, etc. 1,698 1,698 - Lending to credit institutions ¹ 5,339 5,339 - Lending to the public 132,341 152,152 19,811 Bonds and other fixed-income securities 13,557 13,557 - Other shares 7 7 - Derivatives 452 452 - Other assets 222 222 - Total assets 154,762 174,573 19,811 Liabilities - Liabilities to credit institutions ² 19,351 19,351 - Deposits from the public ¹ 107,870 107,870 - Issued securities 4,375 4,380 5 Derivatives 409 409 - Other liabilities 352 352 - Subordinated liabilities 1,804 1,915 111 Total liabilities 134,160 134,277 116 1 Fair value is deemed to be consistent with the carrying amount, since these are of a short-term nature. 2 Fair value is deemed to be consistent with the carrying amount, since these carry a variable interest rate.
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34INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 7 FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES — GROUP CALCULATION OF FAIR VALUE VALUATION TECHNIQUE FOR MEASURING FAIR VALUE – LEVEL 1 The fair value of financial instruments traded in an active market is based on quoted market prices on the balance sheet date. A market is considered active if quoted prices from a stock exchange, broker, industry group, pricing service or monitoring authority are readily and regularly available and these prices represent real and regularly occurring arm’s length market transactions. The quoted market price used for the Group’s financial assets is the current purchase price. VALUATION TECHNIQUE FOR MEASURING FAIR VALUE – LEVEL 2 Fair value of bonds is measured, as in level 1, from market prices, with the difference that the prices are not considered from an active market. The market price is derived in this case from buy and sell position prices, but regular trading does not take place in the bond. If market prices are missing, the value is calculated by discounting expected cash flows. For discounting, the current market interest rate on securities iss - ued by similar issuers is used. The fair value of derivatives is measured as the present value of future cash flows based on observable market prices. FAIR VALUE MEASUREMENT USING MATERIAL, UNOBSERVABLE INPUTS — LEVEL 3 If one or more essential inputs are not based on observable market information, the instrument is classified as level 3. The table below shows the financial instruments measured at fair value, based on their classification in the fair value hierarchy. As of 30 June 2026, NOBA holds two investments in unlisted shares: Vipps AS and VN Norge AS. These holdings are measured at fair value based on unobservable inputs. The fair value of the shares in VN Norge AS as of the balance sheet date were calculated based on the share price for Visa Inc, the USD/NOK foreign exchange rate, a liquidity discount and a conversion rate. The part of NOBA's lending to the public that is measured at fair value through profit or loss is calculated based on assumptions of lifetime, reference rates and collateral value, and is classified in its entirety at Level 3. INFORMATION ABOUT FAIR VALUE The value of lending to the public has been measured based on unobservable market data by discounting the expected future cash flows of the assets to present value using a discount factor. The expected future cash flows have been based on the size of the portfolio at the end of the balance sheet date and an expected future cash flow on the maximum maturity of the portfolio. For determining the fair value of issued securities and subordinated liabilities, level 1 is applied if the criteria are met, followed by level 2. TRANSFERS BETWEEN THE LEVELS There have been no transfers of financial instruments between the different levels. SENSITIVITY ANALYSIS FOR LENDING TO THE PUBLIC MEASURED AT FAIR VALUE WITHIN LEVEL 3 A sensitivity analysis of lending to the public measured at fair value within level 3 has been made by changing the assumptions of non-observable data in the valuation model. The sensitivity analysis is made in two parts, one parallel shift of the interest rate curve with 1 percentage point and a decrease in the housing price index of 10 percentage points. An upwards parallel shift of the interest rate curve with +1 percentage point would result in a negative change in the fair value of SEK 28m (24) and a downwards parallel shift of the interest rate curve with 1 percentage point would result in a positive change in the fair value of SEK 5m (4). An immediate positive change in the housing price index of +10 percentage points would result in a positive change in the fair value of SEK 7m (6) and a negative change in the housing price index of -10 percentage points would result in a negative change in the fair value of SEK 25m (21). The table below shows the changes that have occurred in relation to level 3 instruments:
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35INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 7 FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES — GROUP FINANCIAL INSTRUMENTS AT FAIR VALUE SEKm 30 JUNE 2026 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Assets Treasury bills eligible for repayment, etc. 1,468 276 - 1,743 Lending to the public - - 2,597 2,597 Bonds and other fixed-income securities 11,890 1,882 - 13,772 Other shares - - 8 8 Derivatives - 788 - 788 Other assets - - 16 16 Total assets 13,358 2,945 2,621 18,924 Liabilities Derivatives - 652 - 652 Total Liabilities - 652 - 652 31 DECEMBER 2025 Assets Treasury bills eligible for repayment, etc. 1,349 349 - 1,698 Lending to the public - - 2,274 2,274 Bonds and other fixed income securities 10,252 2,901 - 13,153 Other shares - - 7 7 Derivatives - 452 - 452 Other assets - - 16 16 Total assets 11,601 3,702 2,296 17,599 Liabilities Derivatives - 409 - 409 Total Liabilities - 409 - 409 CHANGE IN FINANCIAL INSTRUMENTS IN LEVEL 3 SEKm LENDING TO THE PUBLIC OTHER SHARES OTHER ASSETS TOTAL Opening balance 1 January 2026 2,274 7 16 2,296 Acquisitions 326 - - 326 Currency change - 1 - 1 Recognised in income statement -2 1 - -1 Sales - - - - Reclass¹ - - - - Losses (-)recognised in other comprehensive income - - - - Profits (+) recognised in other comprehensive income - - 0 0 Closing balance 30 June 2026 2,597 8 16 2,621 Opening balance 1 January 2025 1,623 102 - 1,725 Acquisitions 657 - - 657 Currency change - -1 - -1 Recognised in income statement -6 -7 - -14 Sales - -33 - -33 Reclass¹ - -16 16 - Losses (-)recognised in other comprehensive income - -39 - -39 Profits (+) recognised in other comprehensive income - - - - Closing balance 31 December 2025 2,274 7 16 2,296 1 Refers to the reclassification of a possible future earn-out following the divestment of shares in the mortgage credit institution Stabelo.
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36INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 8 OPERATING SEGMENTS Segment information is presented based on the chief operating decision maker’s (CODM) perspective, and the segments are identified based on internal reporting to the CEO, who is identified as the chief operating decision maker. Several profit/loss measurements are included, as they are presented to the CODM to make decisions to allocate resources and assess segment performance, where adjusted operating profit for Core operations and Total are viewed as the main measurements. Profit/loss that cannot be attributed to a single segment is allocated using a distribution matrix according to internal principles that management believes to provide a fair allocation to the segments. Transformation costs are not allocated by segment. The business model is to offer the general public the products Private Loans, Credit Cards and Secured (which includes both Mortgages and Equity Release) along with small to medium- sized enterprise loans conducted through cross-border banking activities in Sweden, Norway, Denmark, Finland, Germany, and Spain. In addition, deposit operations are also carried out in the same way in the corresponding countries, in addition to the Netherlands and Ireland, which form part of the financing for the mentioned products. In the Private loans segment NOBA offers unsecured private loans under both the Nordax Bank and Bank Norwegian brands. While in the Credit cards segment NOBA offers credit cards under the Bank Norwegian brand. In the Secured segment, NOBA offers residential mortgages to people who are excluded by major banks, for example due to non-conventional employment forms, under the Nordax Bank brand. In addition, NOBA offers equity release mortgage products to elderly borrowers who wish to free up value from their home under the Svensk Hypotekspension brand. The Other segment includes small to medium-sized enterprise loans offered through the DBT brand, acquired during Q1 2026. The segment also includes the markets and products where new sales do not take place, which refers to private loans in Germany and Spain and credit cards in Spain. During the last quarter, there have been no changes from prior periods in the measurement methods used to determine operating segments and reported segment profit or loss. Segment information is presented according to a set arrangement to further emphasise the underlying operational business. Transformation costs and amortisation of transaction surplus values are excluded from the operating expenses and shown on separate rows to reconcile adjusted operating profit and operating profit. In addition, Alternative Performance Measures (APMs) are included to show the segments' performance and an additional total column separating the Other segment. To facilitate the calculation of these APMs, rows are included in the segment note for tax on adjusted operating profit, profit for the period of which attributable to holders of Tier 1 capital, and adjusted profit for the period to shareholders.
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37INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 8 OPERATING SEGMENTS APR-JUN 2026 SEKm PRIVATE LOANS CREDIT CARDS SECURED CORE OPERATIONS OTHER TOTAL Income statement Interest income 2,784 700 338 3,821 43 3,864 Interest expenses -668 -157 -161 -986 -11 -997 Total net interest income 2,116 542 177 2,835 32 2,867 Commission income 103 213 1 317 -0 317 Commission expenses -7 -91 -0 -98 -0 -99 Net profit from financial transactions -22 -5 -3 -30 -0 -30 Total operating income 2,190 659 174 3,023 32 3,055 General administrative expenses -335 -67 -39 -441 -17 -458 Depreciation/amortisation and impairment of property and equipment and other intangible assets -20 -6 -2 -28 -2 -30 Other operating expenses -98 -106 -9 -213 -1 -215 Total operating expenses excl. transformation costs¹ -453 -179 -50 -682 -20 -702 Adjusted operating profit before credit losses 1,737 480 124 2,341 12 2,353 Net credit losses -703 -155 -12 -870 -13 -883 Adjusted operating profit 1,034 325 112 1,471 -1 1,470 Tax on adjusted operating profit² -235 -74 -25 -334 0 -334 Profit for the period of which attributable to holders of Tier 1 capital³ -46 -9 -4 -59 -1 -59 Adjusted profit for the period to shareholders 753 242 83 1,078 -2 1,077 Reconciliation to reported operating profit Adjusted operating profit 1,034 325 112 1,471 -1 1,470 Amortisation of transaction surplus values -15 -18 -0 -34 -0 -34 Transformation costs⁴ - Operating profit 1,019 307 112 1,438 -2 1,436 Balance sheet Lending to the public 99,946 21,051 20,703 141,700 1,648 143,348 Tangible equity 12,380 2,451 946 15,777 204 15,981 Net Interest Margin (%) 8.6% 10.4% 3.5% 8.1% 7.8% 8.1% Adjusted Cost Income Ratio⁵ (%) 20.7% 27.2% 28.8% 22.6% 62.7% 23.0% Cost of Risk (%) 2.9% 3.0% 0.2% 2.5% 3.1% 2.5% Adjusted Return on Tangible Equity⁶ (%) 23.9% 38.8% 34.3% 26.9% −3.1% 26.5% ¹ Transformation costs have been excluded 2 Group effective tax rate applied on adjusted operating profit 3 Tier 1 cost allocated to segments based on share of Risk Weighted Assets 4 Transformation costs are not allocated by segment 5 Calculation based on total operating expenses excluding transformation costs in relation to total operating income 6 Calculation based on adjusted operating profit
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38INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 8 OPERATING SEGMENTS JAN-MAR 2026 SEKm PRIVATE LOANS CREDIT CARDS SECURED CORE OPERATIONS OTHER TOTAL Income statement Interest income 2,624 669 312 3,605 36 3,641 Interest expenses -621 -144 -145 -910 -8 -919 Total net interest income 2,003 525 167 2,695 27 2,723 Commission income 97 198 1 296 0 296 Commission expenses -5 -84 -0 -89 -0 -89 Net profit from financial transactions 9 2 0 12 0 12 Total operating income 2,104 642 168 2,914 28 2,941 General administrative expenses -337 -61 -36 -434 -17 -451 Depreciation/amortisation and impairment of property and equipment and other intangible assets -18 -5 -1 -24 -0 -24 Other operating expenses -96 -86 -8 -190 -1 -191 Total operating expenses excl. transformation costs ¹ -451 -152 -46 -648 -18 -666 Adjusted operating profit before credit losses 1,653 491 122 2,266 10 2,275 Net credit losses -748 -155 -2 -905 -8 -913 Adjusted operating profit 905 335 121 1,361 1 1,362 Tax on adjusted operating profit² -223 -83 -30 -335 -0 -335 Profit for the period of which attributable to holders of Tier 1 capital³ -44 -9 -3 -56 -1 -57 Adjusted profit for the period to shareholders 638 244 87 970 0 970 Reconciliation to reported operating profit Adjusted operating profit 905 335 121 1,361 1 1,362 Amortisation of transaction surplus values -14 -17 -0 -32 -0 -32 Transformation costs⁴ - Operating profit 891 318 120 1,329 1 1,330 Balance sheet Lending to the public 96,866 20,491 20,137 137,494 1,685 139,179 Tangible equity 12,818 2,544 992 16,353 210 16,563 Net Interest Margin (%) 8.4% 10.5% 3.4% 8.0% 9.7% 8.0% Adjusted Cost Income Ratio⁵ (%) 21.4% 23.6% 27.2% 22.2% 64.9% 22.6% Cost of Risk (%) 3.2% 3.1% 0.0% 2.7% 3.0% 2.7% Adjusted Return on Tangible Equity⁶ (%) 20.4% 38.5% 36.6% 24.2% 0.7% 24.0% ¹ Transformation costs have been excluded 2 Group effective tax rate applied on adjusted operating profit 3 Tier 1 cost allocated to segments based on share of Risk Weighted Assets 4 Transformation costs are not allocated by segment 5 Calculation based on total operating expenses excluding transformation costs in relation to total operating income 6 Calculation based on adjusted operating profit
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39INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 8 OPERATING SEGMENTS APR-JUN 2025 SEKm PRIVATE LOANS CREDIT CARDS SECURED CORE OPERATIONS OTHER TOTAL Income statement Interest income 2,540 634 325 3,499 20 3,518 Interest expenses -666 -151 -148 -965 -5 -969 Total net interest income 1,874 483 177 2,534 15 2,549 Commission income 70 214 1 285 0 285 Commission expenses -7 -79 0 -86 0 -87 Net profit from financial transactions -37 -8 -3 -47 0 -48 Total operating income 1,901 610 175 2,686 15 2,701 General administrative expenses¹ -301 -57 -34 -393 -5 -397 Depreciation/amortisation and impairment of property and equipment and other intangible assets -13 -4 -1 -18 0 -18 Other operating expenses -96 -70 -6 -172 0 -172 Total operating expenses excl. transformation costs ¹ -410 -132 -41 -583 -5 -587 Adjusted operating profit before credit losses 1,491 478 134 2,103 10 2,114 Net credit losses -728 -137 -20 -885 -24 -909 Adjusted operating profit 763 341 114 1,218 -14 1,205 Tax on adjusted operating profit² -168 -75 -25 -268 3 -265 Profit for the period of which attributable to holders of Tier 1 capital ³ -37 -8 -3 -48 0 -49 Adjusted profit for the period to shareholders 558 259 86 903 -11 892 Reconciliation to reported operating profit Adjusted operating profit 763 341 114 1,218 -14 1,205 Amortisation of transaction surplus values -14 -17 0 -32 0 -31 Transformation costs⁴ -42 Operating profit 749 324 113 1,187 -14 1,131 Balance sheet Lending to the public 89,708 18,786 18,352 126,845 720 127,565 Tangible equity 10,828 2,230 810 13,869 87 13,956 Net Interest Margin (%) 8.5% 10.4% 3.9% 8.1% 8.2% 8.1% Adjusted Cost Income Ratio⁵ (%) 21.6% 21.6% 23.7% 21.7% 33.0% 21.8% Cost of Risk (%) 3.3% 3.0% 0.4% 2.8% 12.7% 2.9% Adjusted Return on Tangible Equity⁶ (%) 21.2% 47.6% 43.0% 26.7% −49.1% 26.2% ¹ Transformation costs have been excluded 2 Group effective tax rate applied on adjusted operating profit 3 Tier 1 cost allocated to segments based on share of Risk Weighted Assets 4 Transformation costs are not allocated by segment 5 Calculation based on total operating expenses excluding transformation costs in relation to total operating income 6 Calculation based on adjusted operating profit
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40INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 8 OPERATING SEGMENTS JAN-JUN 2026 SEKm PRIVATE LOANS CREDIT CARDS SECURED CORE OPERATIONS OTHER TOTAL Income statement Interest income 5,408 1,369 650 7,426 79 7,505 Interest expenses -1,289 -301 -306 -1,896 -19 -1,915 Total net interest income 4,119 1,067 344 5,530 60 5,590 Commission income 200 411 2 613 0 613 Commission expenses -12 -175 -0 -188 -0 -188 Net profit from financial transactions -13 -2 -3 -18 -0 -18 Total operating income 4,293 1,302 342 5,937 60 5,997 General administrative expenses -672 -128 -75 -875 -34 -909 Depreciation/amortisation and impairment of property and equipment and other intangible assets -37 -11 -4 -52 -2 -54 Other operating expenses -194 -192 -17 -403 -2 -406 Total operating expenses excl. transformation costs¹ -904 -331 -96 -1,330 -38 -1,368 Adjusted operating profit before credit losses 3,390 971 246 4,607 22 4,628 Net credit losses -1,451 -310 -14 -1,774 -21 -1,796 Adjusted operating profit 1,939 661 233 2,832 0 2,832 Tax on adjusted operating profit² -458 -157 -55 -669 -0 -669 Profit for the period of which attributable to holders of Tier 1 capital³ -90 -18 -7 -115 -1 -117 Adjusted profit for the period to shareholders 1,391 486 171 2,048 -1 2,047 Reconciliation to reported operating profit Adjusted operating profit 1,939 661 233 2,832 0 2,832 Amortisation of transaction surplus values -29 -35 -1 -66 -1 -66 Transformation costs⁴ - Operating profit 1,909 625 232 2,767 -1 2,766 Balance sheet Lending to the public 99,946 21,051 20,703 141,700 1,648 143,348 Tangible equity 12,380 2,451 946 15,777 204 15,981 Net Interest Margin (%) 8.5% 10.5% 3.4% 8.1% 9.2% 8.1% Adjusted Cost Income Ratio⁵ (%) 21.0% 25.4% 28.0% 22.4% 63.7% 22.8% Cost of Risk (%) 3.0% 3.0% 0.1% 2.6% 3.3% 2.6% Adjusted Return on Tangible Equity⁶ (%) 22.3% 38.8% 35.8% 25.7% −1.6% 25.4% ¹ Transformation costs have been excluded 2 Group effective tax rate applied on adjusted operating profit 3 Tier 1 cost allocated to segments based on share of Risk Weighted Assets 4 Transformation costs are not allocated by segment 5 Calculation based on total operating expenses excluding transformation costs in relation to total operating income 6 Calculation based on adjusted operating profit
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41INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 8 OPERATING SEGMENTS JAN-JUN 2025 SEKm PRIVATE LOANS CREDIT CARDS SECURED CORE OPERATIONS OTHER TOTAL Income statement Interest income 5,154 1,266 656 7,076 43 7,118 Interest expenses -1,414 -310 -307 -2,031 -11 -2,042 Total net interest income 3,739 957 349 5,045 31 5,076 Commission income 156 408 2 567 0 567 Commission expenses -13 -145 0 -159 0 -160 Net profit from financial transactions -38 -8 -3 -49 0 -49 Total operating income 3,844 1,212 348 5,404 31 5,435 General administrative expenses¹ -574 -124 -65 -764 -10 -773 Depreciation/amortisation and impairment of property and equipment and other intangible assets -26 -9 -1 -35 0 -36 Other operating expenses -193 -167 -13 -373 0 -373 Total operating expenses excl. transformation costs ¹ -793 -300 -80 -1,172 -10 -1,182 Adjusted operating profit before credit losses 3,052 912 268 4,232 21 4,253 Net credit losses -1,592 -269 -28 -1,890 -42 -1,932 Adjusted operating profit 1,459 643 240 2,342 -21 2,321 Tax on adjusted operating profit² -319 -140 -52 -512 5 -507 Profit for the period of which attributable to holders of Tier 1 capital ³ -75 -16 -6 -96 -1 -98 Adjusted profit for the period to shareholders 1,065 487 182 1,734 -17 1,716 Reconciliation to reported operating profit Adjusted operating profit 1,459 643 240 2,342 -21 2,321 Amortisation of transaction surplus values -29 -35 -1 -64 0 -64 Transformation costs⁴ -77 Operating profit 1,431 608 239 2,278 -22 2,179 Balance sheet Lending to the public 89,708 18,786 18,352 126,845 720 127,565 Tangible equity 10,828 2,230 810 13,869 87 13,956 Net Interest Margin (%) 8.5% 10.4% 3.9% 8.1% 7.9% 8.1% Adjusted Cost Income Ratio⁵ (%) 20.6% 24.7% 22.9% 21.7% 33.7% 21.8% Cost of Risk (%) 3.6% 2.9% 0.3% 3.0% 10.5% 3.1% Adjusted Return on Tangible Equity⁶ (%) 20.9% 46.3% 43.1% 26.3% −37.3% 25.9% ¹ Transformation costs have been excluded 2 Group effective tax rate applied on adjusted operating profit 3 Tier 1 cost allocated to segments based on share of Risk Weighted Assets 4 Transformation costs are not allocated by segment 5 Calculation based on total operating expenses excluding transformation costs in relation to total operating income 6 Calculation based on adjusted operating profit
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42INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 9 NET INTEREST INCOME — GROUP SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Interest income from credit institutions and central banks 28 28 29 56 81 Interest income from Treasury bill eligible for repayment, etc. 15 13 17 28 46 Interest income from lending to the public 3,688 3,489 3,329 7,177 6,720 Interest income from bonds and fixed-income securities 129 110 141 239 269 Other 4 2 2 6 4 Total interest income 3,864 3,641 3,518 7,505 7,118 of which interest income according to the effective interest method 3,819 3,598 3,456 7,417 6,988 Interest expenses from deposits from the public -740 -691 -747 -1,431 -1,612 Interest expenses to credit institutions -164 -143 -147 -307 -296 Interest expenses from issued securities -50 -43 -28 -94 -46 Interest expenses from subordinated debt -40 -38 -41 -78 -84 Interest expenses leasing -2 -2 -2 -3 -2 Other -0 -1 -4 -2 -2 Total interest expenses -997 -919 -969 -1,915 -2,042 of which interest income according to the effective interest method and interest on derivatives in hedge accounting -997 -919 -969 -1,915 -2,042 Net interest income 2,867 2,723 2,549 5,590 5,076 NOTE 10 COMMISSION INCOME AND COMMISSION EXPENSES — GROUP SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Income Administrative fees 217 194 226 411 435 Insurance mediation and other insurance 91 91 49 182 111 Other 10 11 10 20 21 Total commission income 317 296 285 613 567 Expenses Administrative fees -99 -89 -87 -188 -160 Other 0 0 0 0 0 Total commission expenses -99 -89 -87 -188 -160 Total commission income, net 219 207 198 425 407
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43INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 FX effect¹ -29 6 -53 -23 -55 Financial assets measured at amortised cost - - - - - Financial assets through other comprehensive income 0 5 7 5 7 Hedge accounting -0 0 -1 0 -1 of which cash flow hedge ineffectiveness -0 0 -1 0 -1 of which fair value hedge ineffectiveness -0 - - -0 - Fair value through profit or loss -1 1 -1 -1 - of which derivatives 1 -0 - 1 0 of which lending to the public -1 -0 -2 -2 -3 of which interest-bearing securities -1 1 1 -0 3 of which shares -0 1 - 1 - Net profit from financial transactions -30 12 -48 -18 -49 NOTE 11 NET PROFIT FROM FINANCIAL TRANSACTIONS — GROUP 1 The line item FX effect includes the effect of FX derivatives used in hedge accounting. NOTE 12 GENERAL ADMINISTRATIVE EXPENSES — GROUP SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Staff costs Salaries and fees -153 -133 -131 -286 -244 Pension costs -18 -16 -14 -34 -27 Social security contributions -34 -34 -29 -68 -58 Other staff costs -8 -7 -7 -15 -13 Transformation costs in staff costs - - -25 - -25 Total staff costs -212 -190 -206 -403 -368 Other administrative expenses IT costs -94 -89 -83 -183 -183 External services -111 -138 -103 -249 -183 Costs for premises -2 -6 -4 -8 -7 Telephone and postage fees -13 -15 -14 -27 -31 Other -26 -13 -12 -39 -28 Transformation costs in other administrative expenses - - -17 - -51 Total other administrative expenses -246 -260 -233 -506 -483 Total general administrative expenses -458 -451 -439 -909 -850
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44INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 14 NET CREDIT LOSSES — GROUP SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 On-balance sheet items Provision Stage 1 -71 18 -79 -52 -71 Provision Stage 2 33 -14 56 19 50 Provision Stage 3 -796 -837 -801 -1,633 -1,769 Total on-balance -833 -832 -824 -1,666 -1,790 Off-balance sheet items Provision Stage 1 14 -5 -6 8 -6 Provision Stage 2 −1 -0 0 −1 0 Provision Stage 3 0 -0 0 0 0 Total off-balance 12 -6 -6 7 -6 Write-offs -87 -92 -96 -179 -169 Recoveries 25 17 17 42 33 Sum -62 -75 -79 -137 -136 Total net credit losses -883 -913 -909 -1,796 -1,932 NOTE 13 OTHER OPERATING EXPENSES — GROUP SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Marketing -121 -117 -104 -238 -226 External costs related to credit cards/sales costs -94 -74 -69 -168 -147 Total other operating expenses -215 -191 -172 -406 -373
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45INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 14 NET CREDIT LOSSES — GROUP COLLATERAL RECEIVED Part of NOBA’s loan portfolio includes residential mortgages and equity release products (via the subsidiary Svensk Hypotekspension AB), and this lending is secured by mortgages on real property or rights in co-op apartments. The valuation of collateral is part of NOBA’s credit origination process and collateral values are continuously monitored through updated valuations. NOBA’s policies for received collateral have not significantly changed during the period and there has been no significant change in the quality of collateral. As of the balance sheet date the average value of the received collateral on mortgage exceeds the carrying amount. The received collateral is thus assessed as mitigating the credit risk and limiting the financial effect at default. As of the balance sheet date, NOBA has not taken over any collateral as protection for a claim. SENSITIVITY ANALYSIS MACRO As a general rule, deteriorating macroeconomic factors in a society lead to higher credit losses. Similarly, improvements in the macroeconomic situation result in lower credit losses. In calculating the future need for credit loss reserves, an assessment is made of the probability of various future scenarios occurring. This probability-weighted outcome is the amount recognised as the credit loss reserve. The table below shows how the credit loss reserve would be affected based on a negative or positive scenario. The sensitivity analysis is based on analysis of the combined sensitivity of the ECL models applied within the Group. For loans on the Nordax platform the Negative scenario entails increasing the likelihood of the Negative macro scenario from a base assumption of 5 per cent to 30 per cent. Currently 5 percent (5) is applied. For loans on the Bank Norwegian platform the Negative scenario is based on applying 100 per cent weighting of the pessimistic scenario. Current weighting is 32.5 per cent base, 30 per cent optimistic and 37.5 per cent pessimistic, which is the same as per 31 December 2025. For loans on the Nordax platform the positive scenario entails reducing the likelihood of the negative macro scenario to 1 per cent and for Bank Norwegian applying 100 per cent weighting of the optimistic scenario. The negative scenario entails a negative impact on the loan loss reserves of SEK 263m (275), of which SEK 191m (196) relates to loans on the Nordax platform and SEK 72m (79) relates to loans on the Bank Norwegian platform. While the Positive scenario entails a positive impact on the loan loss reserves of SEK 100m (112), of which SEK 31m (31) relates to loans on the Nordax platform and SEK 70m (81) relates to loans on the Bank Norwegian platform. SIGNIFICANT INCREASE IN CREDIT RISK SINCE INITIAL CREDIT ASSESSMENT ("SICR") As of the reporting date, the bank had 49,757 (48,071) accounts in Stage 2 with a total exposure of SEK 6,662m (6,339). An increase of 25 per cent in the number of accounts in Stage 2 would lead to an increase in ECL of SEK 73m (63), and a decrease of 25 per cent would lead to a decrease in ECL of SEK 83m (73). SENSITIVITIY ANALYSIS - MACRO SEKm PROBABILITY- NEGATIVE POSITIVE NEGATIVE POSITIVE 30 JUNE 2026 WEIGHTED SCENARIO SCENARIO SCENARIO SCENARIO LOAN LOSS RESERVE DIFFERENCE COMPARED WITH PROBABILITY - WEIGHTED % Group 13,496 263 -100 1.9% −0.7% 31 DECEMBER 2025 Group 12,247 275 -112 2.2% −0.9%
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46INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CHANGE ANALYSIS SEKm 30 JUNE 2026 GROSS PROVISIONS NETTO STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 STAGE 3 Closing balance 31 December 2025 115,545 6,339 20,431 -1,787 -1,080 -9,380 130,068 Stage transfers Transfer to/from Stage 1 -3,883 - - 144 - - -3,739 Transfer to/from Stage 2 - 331 - - 14 - 344 Transfer to/from Stage 3 - - 3,553 - - -1,166 2,386 Originated and purchased loans 20,116 516 279 -250 -68 -96 20,497 Derecognition -8,990 -359 -976 114 42 524 -9,645 Changes in risk components - - - -63 -5 -307 -375 FX effects, etc. 1,904 -165 -394 -21 17 -126 1,214 Closing balance 30 June 2026 124,692 6,662 22,892 -1,864 -1,080 -10,552 140,751 31 DECEMBER 2025 GROSS PROVISIONS NETTO STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 STAGE 3 Closing balance 31 December 2024 108,313 6,839 19,310 -1,824 -1,168 -8,646 122,825 Stage transfers Transfer to/from Stage 1 -6,374 - - 266 - - -6,109 Transfer to/from Stage 2 - -259 - - 151 - -108 Transfer to/from Stage 3 - - 6,634 - - -2,517 4,117 Origination of new loans 30,798 1,047 510 -397 -177 -187 31,594 Derecognition -14,135 -818 -3,277 139 95 1,627 -16,369 Changes in risk components - - - 16 12 -24 5 FX effects, etc. -3,057 -470 -2,746 12 7 367 -5,886 Closing balance 31 December 2025 115,545 6,339 20,431 -1,787 -1,080 -9,380 130,068 NOTE 14 NET CREDIT LOSSES — GROUP
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47INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 15 DISCLOSURES ON THE CASH FLOW STATEMENT — GROUP SEKm JAN-JUN 2026 JAN-JUN 2025 Adjustment for non-cash items in profit: Unrealised FX effects 462 -749 Depreciation/amortisation and impairment of property and equipment and other intangible assets 54 36 Amortisation of transaction surplus values 66 64 Periodisation of financing costs 7 7 Periodisation of acquired surplus value lending to the public 98 96 Unrealised value changes on bonds and other interest-bearing securities 0 -1 Change in value shares and participations -1 0 Unrealised value changes on derivatives -431 765 Change in fair value lending to the public 2 3 Net credit losses 2,258 2,483 Share-based remuneration - 8 Total 2,515 2,711 INTEREST RECEIVED AND PAID SEKm JAN-JUN 2026 JAN-JUN 2025 The cash flow from current operations includes interest received and paid in the following amounts Interest received 6,566 6,208 Interest paid 916 1,245 NOTE 16 PLEDGED ASSETS AND OTHER COMMITMENTS — GROUP PLEDGED ASSETS FOR OWN LIABILITIES SEKm 30 JUN 2026 31 DEC 2025 Lending to the public 26,971 24,010 Lending to credit institutions 1,226 936 Bonds and other fixed-income securities 1,045 695 Provided cash collateral for derivatives 185 206 Total 29,427 25,847 OTHER COMMITMENTS SEKm (nominal amounts) 30 JUN 2026 31 DEC 2025 Granted but unpaid loans 283 392 Granted but unutilised credits 69,511 62,618 Total 69,794 63,009 of which subject to impairment test 69,794 63,009 NOBA grants security over its assets in connection with the Group’s asset-related funding operations: securitisation and secured funding with international banks, in repo transactions, and derivative contracts. The collateral in the asset-related funding operations consists of pledges over, among other things, shares issued in subsidiaries, accounts receivable and contractual rights, which may be enforced by financiers or counterparties if the Group companies do not fulfil their obligations or manage their commitments as borrowers. Repo transactions are conducted with bonds as collateral. For derivative transactions, cash collateral and bonds are provided in accordance with ISDA and CSA agreements entered with the counterparty. As of the balance sheet date, NOBA has no contingent liabilities.
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48INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 17 TRANSACTIONS WITH RELATED PARTIES ASSETS LIABILITIES INCOME EXPENSES SEKm JUN 30 2026 31 DEC 2025 JUN 30 2026 31 DEC 2025 JAN-JUN 2026 JAN-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Svensk Hypotekspension AB 3,798 3,798 -15 -15 71 76 - - NOBA Sverige AB 10 7 -7 -7 0 - - - Nordax Sverige 5 AB (publ) 7 7 -302 -267 55 42 - - Nordax Sweden Mortgages 1 AB (publ) 0 1 -54 -56 1 1 - - NOBA Finland 1 AB (publ) 5 4 -117 -96 7 17 - - Norrvidd Finance AB (publ)¹ 306 328 - -15 8 - - - Lilienthal Finance Ltd² - - - - - - - - Kredinor Fund Compartment 1 203 216 - - 3 2 - - DBT Capital AB 951 - - - 15 - - - Finsol Oy - -0 - - -2 Other related parties - - -1 -3 - - -28 -28 Total 5,280 4,361 -497 -459 160 138 -31 -28 During the first quarter, NOBA Bank Group AB (publ) provided new intragroup financing to the recently acquired subsidiary DBT Capital AB in the amount of SEK 951.8m. The financing was primarily utilized to repay DBT Capital AB’s existing funding, thereby fully settling and closing DBT Capital AB’s previous financing arrangements. Other related parties, from a group perspective, consist partly of Nordic Capital Fund VIII and Nordic Capital IX, as well as entities controlled by them. Transactions with these entities are part of NOBA's ordinary course of business, and for the period expenses amount to SEK 28m (28). Transactions with related parties were made on market terms. In connection with the IPO, the CEO and board of directors subscribed for a total of 2,138,052 warrants of different series for a total amount of SEK 14.3m. The table below shows group transactions with related par - ties from NOBA Bank Group AB’s (publ) perspective. NOTE 18 NOBA'S SHARE APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Number of shares Basic number of shares 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 Average basic number of shares 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 Diluted number of shares¹ 500,624,751 501,281,783 500,000,000 500,262,464 500,000,000 Average diluted number of shares¹ 500,842,275 501,490,197 500,000,000 500,479,989 500,000,000 Profit for the period, attributable to shareholders, SEKm 1,050 945 834 1,996 1,605 Basic earnings per share, SEK 2.10 1.89 1.67 3.99 3.21 Diluted earnings per share, SEK 2.10 1.88 1.67 3.99 3.21 Share price, end of period, SEK 78.00 81.41 - 78.00 - Market capitalisation, end of period, SEKbn 39.0 40.7 - 39.0 - 1 Including RSUs and dilution effect of potential shares in the long-term equity-based programmes. 1 Formerly known as. 2 Lilienthal Finance Limited has been dissolved with an effective date of 20 May, 2026.
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49INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 19 ACQUISITION OF DBT CAPITIAL AB On December 18, 2025, NOBA announced that the company had entered into an agreement with the owners of DBT Capital AB to acquire all shares in the company. After all conditions for the transaction were fulfilled, the transaction was completed on February 2, 2026. The purchase price was paid in cash and amounted to a total of SEK 397m¹. Goodwill primarily relates to future customers, market posi- tion, workforce and know-how. Goodwill is not expected to be deductible for tax purposes. Since the acquisition, DBT Capitial AB has contributed to the Group's operating income with SEK 33m (for the period of Feb- ruary 2 to June 30) and to profit before tax, before costs related to the acquisition process, with SEK 5m. If the acquisition had been completed on January 1, 2026, the NOBA group's operating income and profit before tax as of June 30, would have amounted to SEK 6,000m and SEK 2,757m, respectively. These amounts have been calculated using the subsidary's results as well as the additional group adjustments specified below. In connection with the acquisition, loans to the public were val- ued at their fair value which results in an adjustment of interest income to reflect the group's effective intresest rate on the acquired loan portfolio. In addition, on a group level adjustment has been made for amortisation of identified intangible assets in the acquisition. SEKm 2026-02-02 Assets Lending to credit institutions 199 Lending to the public 1,027 Intangible assets 27 Other assets 27 Deferred tax asset 35 Prepaid expenses & accrued income 1 Total acquired assets 1,315 Liabilities Liabilities to credit institutions -947 Other liabilities -100 Total acquired liabilities -1,047 Total acquired net assets 269 Goodwill 128 Cash impact from acquisition Consideration paid in cash -397 Less: Acquired cash and cash equivalents 199 Net cash flow -198
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50INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) NOTE 20 SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE On 1 July, NOBA issued unsecured bonds (“senior preferred”) of SEK 200m as an increase of the outstanding senior preferred bonds maturing in June 2029.
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51INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PARENT COMPANY SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Operating income Interest income 3,691 3,481 3,380 7,172 6,826 of which interest income according to the effective interest method 3,687 3,475 3,332 7,162 6,726 Interest expense -940 -866 -912 -1,806 -1,929 Total net interest income 2,750 2,615 2,467 5,365 4,897 Received group contribution - - - - - Commission income 282 267 256 549 510 Commission expenses -98 -89 -86 -187 -159 Net profit from financial transactions -26 13 -43 -13 -46 Other operating income¹ 32 29 22 61 60 Total operating income 2,941 2,835 2,615 5,776 5,261 Operating expenses General administrative expenses -442 -440 -438 -882 -848 Depreciation/amortisation and impairment of property and equipment and other intangible assets -21 -17 -12 -38 -24 Amortisation of transaction surplus values -148 -141 -140 -289 -284 Other operating expenses -204 -182 -166 -386 -360 Total operating expenses -816 -779 -757 -1,595 -1,517 Profit before credit losses 2,125 2,056 1,859 4,181 3,745 Net credit losses -866 -909 -890 -1,775 -1,900 Operating profit 1,259 1,146 968 2,406 1,844 Tax on profit for the period -314 -313 -238 -627 -453 Profit for the period 946 833 731 1,779 1,392 Attributable to: The Parent Company’s shareholders 886 776 682 1,662 1,294 Holders of Tier 1 capital 59 57 49 117 98 1 Other operating income includes income from securitised lending to the public, among other things. FINANCIAL STATEMENTS — PARENT COMPANY INCOME STATEMENT, CONDENSED
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52INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF COMPREHENSIVE INCOME, CONDENSED PARENT COMPANY SEKm APR-JUN 2026 JAN-MAR 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Profit for the period 946 833 731 1,779 1,392 Items to be reclassified in the income statement Gains and losses on revaluation of cash flow hedges during the period -51 49 -62 -2 -29 Tax on gains and losses on revaluation of cash flow hedges during the period 10 -10 13 0 6 Total cash flow hedges -41 39 -50 -2 -23 Debt instruments at fair value through other comprehensive income 25 -2 -1 23 3 Tax on debt instruments at fair value through other comprehensive income -5 0 0 -5 -1 Total debt instruments at fair value through other comprehensive income 20 -2 -1 18 2 Translation of foreign operations 80 1,346 -296 1,426 -631 Tax on translation of foreign operations -2 -154 39 -156 79 Hedge accounting of net investment in foreign operations -145 -1,083 137 -1,228 306 Tax on hedge accounting of net investment in foreign operations 30 223 -28 253 -63 Total translation of foreign operations -37 332 -149 295 -310 Items not to be reclassified in the income statement Equity instrument at fair value through other comprehensive income 0 0 -30 0 -39 Total equity instrument at fair value through other comprehensive income 0 0 -30 0 -39 Total other comprehensive income for the period -58 370 -229 312 -369 Total comprehensive income for the period 888 1,203 501 2,091 1,022 Attributable to: The Parent Company’s shareholders 829 1,145 452 1,974 924 Holders of Tier 1 capital 59 57 49 117 98
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53INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF FINANCIAL POSITION, CONDENSED PARENT COMPANY SEKm NOT 30 JUN 2026 31 DEC 2025 Assets Cash and balances with central banks 450 1,146 Treasury bills eligible for repayment, etc. 1,743 1,698 Lending to credit institutions 5,441 4,240 Lending to the public 130,867 121,163 Bonds and other fixed-income securities 14,348 13,774 Other shares 8 7 Shares in group companies 1,582 1,173 Derivatives 790 452 Intangible assets 5,268 5,128 Property and equipment 8 9 Current tax assets 24 23 Deferred tax assets 95 97 Other assets 5,468 4,544 Prepaid expenses and accrued income 115 66 Total assets 166,206 153,519 LIABILITIES, PROVISIONS AND EQUITY Liabilities Liabilities to credit institutions 1,041 687 Deposits from the public 115,055 107,870 Issued securities 6,658 4,345 Deemed loan liability 12,832 11,068 Derivatives 652 409 Current tax liabilities 449 718 Deferred tax liability 515 527 Other liabilities 1,192 1,424 Accrued expenses and deferred income 557 429 Subordinated liabilities 1,845 1,804 Total liabilities 140,798 129,281 Equity Share capital 73 73 Development expenditure fund 313 205 Share premium fund 4,476 4,476 Warrants reserve 60 57 Fair value fund -1,133 -1,445 Tier 1 capital instruments 3,682 2,928 Retained earnings 16,160 14,793 Profit for the year 1,779 3,151 Total equity 25,408 24,238 Total liabilities, provisions and equity 166,206 153,519 1 Liabilities to securitisation firms refer mainly to liabilities to subsidiaries for securitised lending to the public.
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54INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF CHANGES IN EQUITY, CONDENSED PARENT COMPANY SEKm TOTAL RESTRICTED EQUITY NON-RESTRICTED EQUITY Opening balance 1 January 2026 73 205 4,476 57 -53 -1,453 61 17,944 21,310 2,928 24,238 Comprehensive income Net profit/loss for the period - - - - - - - 1,662 1,662 117 1,779 Other comprehensive income - - - - 18 295 -2 - 312 0 312 Total comprehensive income - - - - 18 295 -2 1,662 1,974 117 2,091 Paid interest in Tier 1 capital instruments - - - - - - - - - -117 -117 Issued capital instruments - - - - - - - - - 744 744 Change in Tier 1 capital instruments - - - - - - - -10 -10 10 0 Dividend paid - - - - - - - -1,550 -1,550 - -1,550 Warrant issue³ - - - 3 - - - - 3 - 3 Repurchase of warrants - - - -0 - - - -0 -0 - -0 - Development expenditure fund - Capitalisation - 137 - - - - - -137 0 - 0 Amortisation - -29 - - - - - 29 0 - 0 Total development expenditure fund - 108 - - - - - -108 0 - 0 Closing balance 30 June 2026 73 313 4,476 60 -35 -1,158 60 17,939 21,726 3,682 25,408 Retained earnings incl. profit for the period Cash flow hedges²Development expenditure fund Warrants issueShare capital Fair value reserve² Tier 1 capital instrumentsSumTranslation of foreign ope - rations, net² Share capital amounts to the value of 500,000,000 shares of the same type with quota value of SEK 0.1454. ¹ Of which SEK 7m is restricted ² Fair value fund 3 At NOBA Bank Group AB (publ)s Annual General Meeting held on 21 May 2026, a resolution was passed to issue warrants under a long-term incentive programme. As the participants paid fair market value at the time of subscription, no expenses have been recognised in relation to the warrant programme. As of the balance sheet date, warrants with a value of SEK 2.8m have been subscribed. Share premium fund¹
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55INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF CHANGES IN EQUITY, CONDENSED PARENT COMPANY SEKm T OTAL RESTRICTED EQUITY NON-RESTRICTED EQUITY Opening balance 1 January 2025 73 96 4,476 - -30 -863 32 15,099 18,882 2,163 21,045 Comprehensive Income Net profit/loss for the period - - - - - - - 1,294 1,294 98 1,392 Other comprehensive income - - - - -37 -310 -23 - -369 - -369 Total comprehensive income - - - - -37 -310 -23 1,294 925 98 1,023 Paid interest in Tier 1 capital instruments - - - - - - - - - −100 -100 Change in Tier 1 capital instruments - - - - - - - -11 -11 11 0 Share-based remuneration - - - - - - - 8 8 - 8 Development expenditure fund Captialisat Ion - 61 - - - - - -61 0 - 0 Amortisation - -13 - - - - - 13 0 - 0 Total development expenditure fund - 47 - - - - - -47 0 - 0 Closing balance 30 June 2025 73 143 4,476 - -67 -1,173 9 16,342 19,803 2,173 21,976 Retained earnings incl. profit for the period Cash flow hedges²Development expenditure fund Share premum fund¹Share capital Fair value reserve² Tier 1 capital instrumentsSumTranslation of foreign ope - rations, net² ¹ Of which SEK 7m is restricted. ² Fair value fund Warrants issue
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56INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) STATEMENT OF CASH FLOWS, CONDENSED PARENT COMPANY SEKm NOT JAN-JUN 2026 JAN-JUN 2025 Operating activities Operating profit 2,406 1,844 Adjustment for non-cash items PC3 2,634 2,866 Paid income tax -895 -468 Cash flow from operating activities before change in operating assets and liabilities 4,145 4,242 Change in operating assets and liabilities Decrease/increase in treasury bills eligible for repayment, etc. -46 -59 Decrease/increase in lending to credit institutions 56 - Decrease/increase in lending to the public -9,166 -7,871 Decrease/increase in deposits from the public 4,622 2,268 Decrease/increase in bonds and other interest-bearing securities -61 -3,805 Decrease/increase in issued securities 2,268 683 Decrease/increase in liabilities to credit institutions 355 - Decrease/increase in liabilities to securitisation firms 1,691 941 Change in derivatives, net -893 -1,080 Decrease/increase in other assets -947 367 Decrease/increase in other liabilities -126 481 Cash flow from operating assets and liabilities -2,245 -7,956 Total cash flow from operating activities 1,899 3,714 Investing activities Purchase of shares and participations -409 - Acquisition of property and equipment and intangible assets -117 -105 Cash flow from investing activities -526 -105 Financing activities Paid shareholder contribution -1,550 - Issued Tier 1 captial instruments 744 - Paid interest Tier 1 Captial instruments -117 -100 Warrants issue¹ 2 - Repurchase of warrants 0 - Cash flow from financing activities -921 -100 Cash flow for the period 452 -3,919 Cash and cash equivalents at the beginning of the period 5,167 11,115 Exchange rate differences in cash and cash equivalents at the end of the period 109 -98 Cash and cash equivalents at the end of the period 5,728 7,098 Cash and cash equivalents are defined as cash and balances with central banks and lending to credit institutions (excluding the Riksbank's deposit requireme nt). Pledged lending to credit institutions are available to NOBA in connection with monthly settlements under financing agreements, and are therefore defined as cash and cash equivalents, due to being pledged for a maximum of 30 days and therefore short-term. 1 Of the warrants resolved to be issued at NOBA Bank Group AB (publ)s Annual General Meeting on 21 May 2026, SEK 0.7m remains unpaid as of the balance sheet date.
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57INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PARENT COMPANY NOTE 1 ACCOUNTING AND MEASURMENT POLICIES The parent company's interim report was prepared in accordance with the Swedish Annual Accounts Act for Cre - dit Institutions and Securities Companies (1995:1559), the Swedish Corporate Reporting Board’s recommendation RFR 2 – Accounting for legal entities and the Swedish Financial Supervisory Authority’s Regulations FFFS 2008:25 Annual accounts for credit institutions and securities companies . The accounting policies have not been changed compared to the 2024 Annual Report. No new or amended laws, accounting standards or interpretations with material effect entered into force in 2025.
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58INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 1 SEKm 30 JUN 2026 31 DEC 2025 Own funds Common Equity Tier 1 (CET1) capital before deduction of regulatory adjustments 21,121 19,974 Total deduction of regulatory adjustment to CET1 capital -5,484 -5,281 Common Equity Tier 1 (CET1) capital after deduction of regulatory adjustments 15,637 14,693 Additional Tier 1 capital 3,682 2,182 Sum Tier 1 Capital 19,319 16,875 Tier 2 Capital 1,845 1,804 Total capital 21,164 18,679 Risk exposure amount, credit risk 101,923 94,185 Risk exposure amount, market risk - - Risk exposure amount, operational risk 7,641 7,641 Risk exposure amount, credit value adjustment (CVA) 167 206 Total risk exposure amount (risk weighted assets) 109,731 102,032 Capital ratios and buffers Common Equity Tier 1 capital ratio 14.25% 14.40% Tier 1 capital ratio 17.61% 16.54% Total capital ratio 19.29% 18.31% Total Common Equity Tier 1 capital requirement including buffer requirement 9.46% 9.42% - of which capital conservation buffer requirement 2.50% 2.50% - of which countercyclical capital buffers 1.54% 1.52% -of which systemic risk buffer 0.93% 0.89% SPECIFICATION OWN FUNDS Common Equity Tier 1 capital: Capital instruments and related share premium 4,861 4,753 - of which share capital 73 73 - of which other contributed capital 4,476 4,476 - of which other funds 313 205 Retained earnings 16,160 14,793 Accumulated other comprehensive income -1,133 -1,445 Deferred tax liabilities attributable to other intangible assets 274 271 Independently audited interim results 1,779 3,151 Foreseeable dividends¹ -819 -1,550 Common Equity Tier 1 capital before regulatory adjustments 21,121 19,974 PARENT COMPANY NOTE 2 CAPITAL ADEQUACY ANALYSIS 1 In accordance with the dividend policy for the period January 1 – June 30, 2026.
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59INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 2 SEKm 30 JUN 2026 31 DEC 2025 Regulatory adjustments: (-) Intangible assets -5,268 -5,128 Additional value adjustments -216 -153 Total regulatory adjustment to Common Equity Tier 1 capital -5,484 -5,281 Common Equity Tier 1 capital 15,637 14,693 Tier 1 capital - Additional Tier 1 capital 3,682 2,182 Tier 1 capital, total 19,319 16,875 Tier 2 capital - Tier 2 1,845 1,804 Total capital exposure amount 21,164 18,679 Specification of risk exposure amount Exposures to national governments and central banks 238 243 Exposures to regional governments and local authorities - - Exposures to institutions 1,231 967 Exposures in the form of covered bonds 1,037 866 Retail exposures 81,122 75,913 Exposures secured by mortgages on immovable property 3,446 2,966 Equity exposures 1,615 1,196 Exposures in default 12,015 10,805 Securitisation exposure 592 637 Exposures to corporates 305 328 Other items 321 266 Total risk exposure amount for credit risk, standardised approach 101,923 94,185 Foreign exchange risk - - Total risk exposure amount for foreign exchange risk - - Operational risk 7,641 7,641 Total risk exposure amount for operational risks 7,641 7,641 Credit valuation adjustment risk (CVA) 167 206 Total risk exposure amount for credit valuation adjustment risk 167 206 Total risk exposure amount 109,731 102,032 PARENT COMPANY NOTE 2 CAPITAL ADEQUACY ANALYSIS
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60INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 3 SEKm 30 JUN 2026 31 DEC 2025 Specification own funds requirements (8 percent of REA) Credit risk Exposures to national governments and central banks 19 19 Exposures to regional governments and local authorities - - Exposures to institutions 98 77 Exposures in the form of covered bonds 83 69 Retail exposures 6,490 6,073 Exposures secured by mortgages on immovable property 276 237 Equity exposures 129 96 Exposures in default 961 864 Securitisation exposure 47 51 Exposures to corporates 24 26 Other items 26 21 Total capital requirement for credit risk 8,154 7,535 Market risk Foreign exchange risk - - Total risk exposure amount for market risk - - Operational risk Operational risk 611 611 Total risk exposure amount for operational risk 611 611 Credit valuation adjustment risk (CVA) Credit valuation adjustment risk (CVA) 13 17 Total capital requirement for CVA risk 13 17 Total Capital Requirement 8,778 8,163 Capital Requirement, % of REA Pillar 1 8.00% 8.00% Pillar 2, SREP 1.41% 1.41% Capital conservation buffer 2.50% 2.50% Institution-specific countercyclical buffer 1.54% 1.52% Systemic risk buffer — Norway 0.93% 0.89% Total Capital Requirement 14.37% 14.33% Capital Requirement, SEKm Pillar 1 8,778 8,163 Pillar 2 1,547 1,439 Capital conservation buffer 2,743 2,551 Institution-specific countercyclical buffer 1,687 1,554 Systemic risk buffer — Norway 1,017 913 Total Capital Requirement 15,773 14,618 PARENT COMPANY NOTE 2 CAPITAL ADEQUACY ANALYSIS
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61INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) CAPITAL ADEQUACY — PART 3 CONTINUED SEK m 30 JUN 2026 31 DEC 2025 LEVERAGE RATIO Total exposure measure for calculating leverage ratio 163,062 151,044 Tier 1 capital 19,319 16,875 Leverage ratio 11.85% 11.17% Leverage ratio requirement, as a percentage of exposure for leverage ratio Leverage ratio requirement 3.00% 3.00% Leverage ratio requirement Pillar 2 - - Pillar 2 guidance for leverage ratio - - Total leverage ratio requirement, including pillar 2 guidance 3.00% 3.00% Leverage ratio requirement, SEK m Leverage ratio requirement 4,892 4,531 Pillar 2 guidance for leverage ratio - - Total leverage ratio requirement, including pillar 2 guidance 4,892 4,531 PARENT COMPANY NOTE 2 CAPITAL ADEQUACY ANALYSIS
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62INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PART1 SEKm A 20260630 B 20260331 C 20251231 D 20250930 E 20250630 Available own funds (amounts) 1 Common Equity Tier 1 (CET1) capital 15,637 15,159 14,693 14,894 14,548 2 Tier 1 capital 19,319 17,345 16,875 17,071 16,720 3 Total capital 21,164 19,181 18,679 18,893 18,541 Risk-weighted exposure amounts 4 Total risk exposure amount 109,731 107,694 102,032 101,530 98,850 Capital ratios (% of risk-weighted exposure amount) 5 Common Equity Tier 1 ratio (%) 14.25% 14.08% 14.40% 14.67% 14.72% 6 Tier 1 capital (%) 17.61% 16.11% 16.54% 16.81% 16.91% 7 Total capital ratio (%) 19.29% 17.81% 18.31% 18.61% 18.76% Additional own funds requirements to address risks other than the risk of excessive leverage (% of risk-weighted exposure amount) EU 7a Additional own funds requirements to address risks other than the risk of excessive leverage (%) 1.41% 1.41% 1.41% 1.41% 1.41% EU 7b of which: to be made up of the CET 1 capital (%) 0.79% 0.79% 0.79% 0.79% 0.79% EU 7c of which: to be made up of Tier 1 capital (%) 1.06% 1.06% 1.06% 1.06% 1.06% EU 7d Total SREP own funds requirements (%) 9.41% 9.41% 9.41% 9.41% 9.41% Combined buffer and overall capital requirements (% of risk-weighted exposure amount) 8 Capital conservation buffer (%) 2.50% 2.50% 2.50% 2.50% 2.50% EU 8a Conservation buffer due to macro-prudential or syste - matic risk identified at the level of a Member State (%) - - - - - 9 Institution-specific countercyclical capital buffer (%) 1.54% 1.54% 1.52% 1.52% 1.51% EU 9a Systemic risk buffer (%) 0.93% 0.92% 0.89% 0.92% 0.93% 10 Global Systemically Important Institution buffer (%) - - - - - EU 10a Other Systemically Important Institution buffer (%) - - - - - 11 Combined buffer requirements (%) 4.96% 4.97% 4.92% 4.94% 4.94% EU 11a Overall capital requirements (%) 14.37% 14.38% 14.33% 14.35% 14.35% 12 CET 1 available after meeting the total SREP own funds requirements (%) 8.96% 8.40% 8.90% 9.20% 9.35% Leverage ratio 13 Leverage ratio total exposure measure (amounts) 163,062 158,933 151,044 155,321 150,598 14 Leverage ratio (%) 11.85% 10.91% 11.17% 10.99% 11.10% Table “Template EU KM1 — Key metrics template in accor - dance with Article 447 Regulation EU No 575/2013” PARENT COMPANY NOTE 2 CAPITAL ADEQUACY ANALYSIS
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63INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PART 2 SEKm A 20260630 B 20260331 C 20251231 D 20250930 E 20250630 Additional own funds requirements to address the risk of excessive leverage (% of total exposure measure) EU 14a Additional own funds requirements to address the risk of excessive leverage (%) - - - - - EU 14b of which: to be made up of CET 1 capital (%) - - - - - EU 14c Total SREP leverage ratio requirements (%) 3.00% 3.00% 3.00% 3.00% 3.00% Leverage ratio buffer and overall leverage ratio requi - rement (% of total exposure measure) EU 14d Krav på bruttosoliditetsbuffert (i %) - - - - - EU 14e Samlat bruttosoliditetskrav (i %) 3.00% 3.00% 3.00% 3.00% 3.00% Liquidity Coverage Ratio¹ 15 Total high-quality liquid assets (HQLA) (Weighted aver - age value) 15,600 16,426 18,051 18,381 18,302 EU 16a Cash outflows - Total weighted value 15,564 16,394 17,110 17,988 16,870 EU 16b Cash inflows - Total weighted value 5,403 5,595 5,333 5,746 5,122 16 Total net cash outflows (adjusted value) 10,161 10,799 11,777 12,242 11,748 17 Liquidity coverage ratio 154.51% 152.19% 153.54% 150.14% 155.79% Net Stable Funding Ratio 18 Total available stable funding 135,894 132,855 127,099 127,950 124,853 19 Total required stable funding 121,596 117,520 113,336 113,076 109,893 20 NSFR ratio (%) 111.76% 113.05% 112.14% 113.15% 113.61% Template EU KM1 — Key metrics template in accordance with Regulation EU No 575/2013 1 Expressed as simple averages of the observations at the end of the month during the twelve months before the end of the quarter. PARENT COMPANY NOTE 2 CAPITAL ADEQUACY ANALYSIS
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64INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) PARENT COMPANY NOTE 3 DISCLOSURES ON THE CASH FLOW STATEMENT SEKm JAN-JUN 2026 JAN-JUN 2025 Adjustment for non-cash items in profit: Unrealised FX effects 459 -749 Depreciation/amortisation and impairment of property and equipment and other intangible assets 38 24 Amortisation of transaction surplus values 289 284 Periodisation of financing costs 7 6 Periodisation of acquired surplus value lending to the public 93 93 Unrealised value changes on bonds and other interest-bearing securities 0 -1 Change in value shares and participations -1 - Unrealised value changes on derivatives -431 765 Net credit losses 2,180 2,436 Share-based remuneration - 8 Total 2,634 2,866 INTEREST RECEIVED AND PAID SEKm JAN-JUN 2026 JAN-JUN 2025 The cash flow from current operations includes interest received and paid in the following amounts Interest received 6,647 6,273 Interest paid 820 1,132
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65INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) BOARD OF DIRECTORS' AFFIRMATION The Board of Directors declares that this financial report for the period 1 January 2026 through 30 June 2026 provides a fair overview of the parent company’s and the group’s ope - rations, their financial position and results, and describes material risks and uncertainties facing the parent company and the group. Stockholm, 17 August, 2026 HANS-OLE JOCHUMSEN CHAIRMAN CHRISTOPHER EKDAHL BOARD MEMBER BIRGITTA HAGENFELDT BOARD MEMBER PATRICK LAPVETELÄINEN BOARD MEMBER MARTIN TIVÉUS BOARD MEMBER This interim report has been reviewed by the company's auditors. RICARD WENNERKLINT BOARD MEMBER RAGNHILD WIBORG BOARD MEMBER LESLIE RESTOVIC LOPEZ BOARD MEMBER, EMPLOYEE REPRESENTATIVE JACOB LUNDBLAD CHIEF EXECUTIVE OFFICER
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66INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) AUDITOR'S REVIEW REPORT INTRODUCTION We have reviewed the condensed interim financial informa - tion (interim report) for NOBA Bank Group AB (publ) as of 30 June 2026 and for the six-month period then ended. The Board of Directors and the CEO are responsible for the prepa - ration and presentation of this interim report in accordance with IAS 34 and the Annual Accounts Act for Credit Institutions and Securities Companies. Our responsibility is to express a conclusion on this interim report based on our review. SCOPE OF REVIEW We conducted our review in accordance with the International Standard on Review Engagements ISRE 2410 Review of Interim Financial Information performed by the company’s auditors. A review consists of making inquiries, primarily with persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substan - tially less in scope than an audit conducted in accordance with ISA and other generally accepted auditing practices. The procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all signifi - cant matters that might be identified in an audit. Therefore, the conclusion expressed based on a review does not give the same level of assurance as a conclusion expressed based on an audit. CONCLUSION Based on our review, nothing has come to our attention that causes us to believe that the interim report is not, in all mate - rial aspects, prepared for the Group in accordance with IAS 34 and the Annual Accounts Act for Credit Institutions and Secu - rities Companies, and for the Parent Company in accordance with the Annual Accounts Act for Credit Institutions and Secu - rities Companies. Stockholm, 17 August, 2026 Deloitte AB Signature on Swedish original JOHAN STENBÄCK AUTHORISED PUBLIC ACCOUNTANT
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67INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) DEFINITIONS THE GROUP CONSIDERS THE KEY FIGURES TO BE RELEVANT TO USERS OF THE FINANCIAL REPORT AS A COMPLEMENT IN ASSESSING THE FINANCIAL PERFORMANCE OF THE GROUP Additional Tier 1 capital Capital instruments that are perpetual and meet certain other conditions in order to be counted as Tier 1 capital under Regu - lation (EU) No 575/2013. Adjusted cost/income ratio (C/I ratio) Operating expenses excluding transformation costs in relation to total operating income. Adjusted earnings per share from core operations before dilution Adjusted profit for the period, see adjustments under "adjusted core profit for the period", attributable to shareholders in relation to the weighted average number of shares outstanding before dilution. Adjusted core profit for the period Profit for the period adjusted for transformation costs, amortisation of transaction surplus values and operating profit from portfolios included in operating segment "Other". Adjusted core operating profit Operating profit adjusted for transformation costs, amortisation of transaction surplus values and operating profit from portfolios included in operating segment "Other". Adjusted core return on equity excl. intangible assets and Tier 1 capital (Core ROTE) Adjusted profit for the period, see adjustments under "adjusted core profit for the period", after deduction of profit attributable to holders of Tier 1 capital in relation to total equity after deduction of intangible assets and Tier 1 capital. The denominator is calculated as an average where quarterly figures consist of a two-point average and YTD figu - res consist of a two- to five-point average depending on the number of quarters elapsed. Average loan portfolio Average lending to the public, where quarterly figures consist of a two-point average, while YTD figures consist of a two- to five-point average depending on the number of quarters elapsed. Average number of employees The average number of hours worked during the period, con - verted to full -time equivalents (FTE). Excluding employees on long-term sick leave and parental leave. Cost/income ratio (C/I ratio) Total operating expenses in relation to total operating income. Common Equity Tier 1 capital Equity excluding foreseeable dividend, deferred tax assets, intangible assets and certain other adjustments as defined in Regulation (EU) No 575/2013. Common Equity Tier 1 capital ratio Common Equity Tier 1 capital in relation to Total risk exposure amount. Core ROTE See "Adjusted core return on equity excl. intangible assets and Tier 1 capital". Credit loss level (%) Net credit losses in relation to the average loan portfolio. Basic earnings per share Profit for the period attributable to shareholders in relation to the weighted average number of shares outstanding before dilution. Diluted earnings per share Profit for the period attributable to shareholders in relation to the weighted average diluted number of shares, adjusted for the dilution effect of potenial shares Leverage ratio Tier 1 capital in relation to the total exposure measure in accordance with Regulation (EU) No 575/2013 (CRR), calcula - ted as the sum of exposure values for assets and off-balance sheet items. The exposure value for off-balance sheet items and certain assets, such as derivatives, is calculated in accor - dance with specific rules in the Regulation . Liquidity Coverage Ratio (LCR) High-quality liquid assets in relation to the estimated net cash outflows over the next 30 calendar days, as defined in Com - mission Delegated Regulation (EU) 2015/61 and Regulation (EU) No 575/2013. Liquidity reserve A ring-fenced reserve of high-quality liquid assets that can be used to secure short -term payment capacity in the event of loss of, or deteriorated access to, normally available funding sources, in accordance with the regulations of the Swedish Financial Supervisory Authority (FFFS 2010:7, Chapter 4, Sec - tion 5). Net interest margin (%) Net interest income in relation to average loan portfolio.
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68INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) DEFINITIONS Net Stable Funding Ratio (NSFR) Available stable funding in relation to required stable funding in a 1-year perspective, calculated according to Regulation (EU) No 575/2013. Own funds The sum of Tier 1 and Tier 2 capital. Return on equity excluding intangible assets and Tier 1 capi - tal (ROTE) Profit for the period after deduction of profit attributable to holders of Tier 1 capital in relation to total equity after deduction of intangible assets and Tier 1 capital. The deno - minator is calculated as an average where quarterly figures consist of a two-point average and YTD figures consist of a two- to five-point average depending on the number of quar - ters elapsed. Return on total assets Profit for the period in relation to total assets. The denomina - tor is calculated as an average where quarterly figures consist of a two-point average and YTD figures consist of a two- to five-point average depending on the number of quarters elapsed. Risk exposure amount Total assets and off-balance sheet items, weighted in accor - dance with capital adequacy regulation for credit and market risks. Operational risks are measured and added as risk expo - sure amount. ROTE See "Return on equity excluding intangible assets and Tier 1 capital". Tier 1 capital Common Equity Tier 1 capital plus Additional Tier 1 capital. Tier 1 capital ratio Tier 1 capital in relation to the Total risk exposure amount. Tier 2 capital Subordinated liabilities that fulfills the requirements in Regu - lation (EU) No 575/2013 to be included in total capital. Total capital ratio Total own funds in relation to the Total risk exposure amount. Total risk-weighted exposure amount The sum of risk exposure amounts for credit, market and ope - rational risk, as well as credit valuation adjustment risk (CVA) for derivatives, calculated in accordance with Regulation (EU) No 575/2013. Transformation costs Costs incurred over a limited period with the clear purpose of transforming the bank.
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69INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) RECONCILIATION ALTERNATIVE PERFORMANCE MEASURES SEKm (if not otherwise stated) APR-JUN 2026 APR-JUN 2025 JAN-JUN 2026 JAN-JUN 2025 Total net interest income 2,867 2,549 5,590 5,076 Lending to the public, end of period 143,348 127,565 143,348 127,565 Average lending to the public 141,263 125,725 138,289 125,299 Net interest margin (%) 8.1% 8.1% 8.1% 8.1% Total operating expenses -702 -629 -1,368 -1,259 Transformation costs - -42 - -77 Total operating expenses excl. transformation costs -702 -587 -1,368 -1,182 Total operating income 3,055 2,701 5,997 5,435 C/I-ratio (%) 23.0% 23.3% 22.8% 23.2% Adjusted C/I-ratio (%) 23.0% 21.8% 22.8% 21.8% Net credit losses -883 -909 -1,796 -1,932 Lending to the public, end of period 143,348 127,565 143,348 127,565 Average lending to the public 141,263 125,725 138,289 125,299 Credit loss level (%) 2.5% 2.9% 2.6% 3.1% Operating profit 1,436 1,131 2,766 2,179 Transformation costs - -42 - -77 Amortisation of transaction surplus values -34 -31 -66 -64 Operating profit from segment "Other" -2 -14 -1 -22 Adjusted core operating profit 1,471 1,218 2,832 2,342 Profit for the period, attributable to shareholders 1,050 834 1,996 1,605 Adjusted core profit for the period, attributable to shareholders 1,078 903 2,048 1,734 Total equity, end of period 27,875 23,881 27,875 23,881 Intangible assets, end of period 8,212 7,752 8,212 7,752 Tier 1 capital instruments, end of period 3,682 2,173 3,682 2,173 Average total equity 27,776 23,584 27,269 23,282 Average intangible assets 8,197 7,801 7,994 7,856 Average Tier 1 capital instruments 3,308 2,170 3,181 2,168 Average net of total equity, intangible assets and Tier 1 capital instruments att - ributable to segment "Other" 207 90 164 93 Return on equity excl. intangible assets and Tier 1 capital (ROTE) (%) 25.8% 24.5% 24.8% 24.2% Adjusted core return on equity excl. intangible assets and Tier 1 capital (Core ROTE) (%) 26.9% 26.7% 25.7% 26.3% Profit for the period, attributable to shareholders 1,050 834 1,996 1,605 Adjusted core profit for the period, attributable to shareholders 1,078 903 2,048 1,734 Average basic number of shares 500 500 500 500 Basic earnings per share (SEK) 2.1 1.7 4.0 3.2 Adjusted core basic earnings per share (SEK) 2.2 1.8 4.1 3.5
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70INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL) 1 NOBA Bank Group AB (publ) Gävlegatan 22 113 30 Stockholm, Sweden Corporate Identity No. 556647-7286 Registered office: Stockholm CONTACT Patrick MacArthur / CFO Rickard Strand / Head of IR Oliver Hofmann / Head of Communications & ESG This information is information that NOBA Bank Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the contact persons listed above at 7:30 am CEST on 18 August 2026. patrick.macarthur@noba.bank ir@noba.bank press@noba.bank 70INTERIM REPORT JANUARY–JUNE 2026 NOBA BANK GROUP AB (PUBL)