Slides
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Background Chart x axes Company colour Charts Third quarter results 2026 3 November 2026 Jacob Lundblad, CEO Patrick MacArthur, CFO
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Background Chart x axes Company colour Charts – 2– Note: 1) Refers to loan book. 2) According to surveys by Brilliant Future. 3)Refers to profit before tax for the reporting entity since 2005. NOBA - A unique platform set for profitable growth NORDIC MARKET LEADER among specialist banks, operating with a clear scale advantage STRONG CUSTOMER VALUE PROPOSITION based on a focused product portfolio BENEFITING FROM THE BREAK-UP OF HIGH-STREET BANKS’ VALUE PROPOSITION specialist banks continuously gaining market share through superior product offering DATA CHAMPION WITH CLEAN AND SCALABLE PLATFORM based on one core banking platform and +20 years of constantly improving capabilities in underwriting and pricing LOW-RISK BUSINESS MODEL where high profitability delivers earnings resilience through the cycle c. 7x the size of the average Nordic specialist lender1. C/I ratio >30 pp lower than Nordic peers Consistently top- rated customer satisfaction2 Trend visible across all specialist products – in private loans, high-street banks have lost >1 pp market share p.a. for 20 years Longest and largest proprietary data series among Nordic specialist banks NOBA has never posted a quarterly loss since inception3
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Background Chart x axes Company colour Charts – 3– Key events during Q3’26 ▪ NOBA’s first year as a listed company, delivering on communicated strategy of profitable growth ▪ Q3’26 showing continued stable financial performance and good progress towards our financial targets — Loan book exceeding SEK 150bn while Private loans exceeding SEK 100bn — Organic loan growth of 10% (in local FX), with contributions from all segments — Underlying stable NIM of 8.3% — Adj. C/I ratio of 23% with a clear path towards achieving medium-term C/I target of <20% during 2027 — Core RoTE1 of 30% in line with medium-term target, though some quarterly tailwinds from seasonality ▪ Strong asset quality: Cost of risk of 2.4%, improving for the tenth consecutive quarter . Positive underlying trends intact. NPL portfolio sale (ca. SEK 400m) completed above book value, another testament to NOBA’s provisions ▪ Attractive funding: Tier 2 and Senior Preferred bonds issued at attractive credit spreads. AT1 (SEK 1,400m) and Tier 2 (SEK 650m) bonds called during the quarter ▪ Strong capital position: — CET1 of 13.2%, 2.9 pp above regulatory requirement. QoQ development impacted by high reported loan volume growth — Interim dividend of SEK 2.70 per share proposed by NOBA’s Board of Directors, based on Q1-Q3’26 profit Note: 1) Adjusted for transformation costs, amortization of transaction surplus values, and the segment “Other”.
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Background Chart x axes Company colour Charts – 4– Quarterly, SEKbn Segment overview and market position SEK 180k avg. loan size c. 600k product customers c. 49 years avg. age c. 66% homeowners Quarterly, % Key metrics Segment overview – Private loans Margins OPEXLoan book Cost of risk Capital ReturnsOverview NIM (%)CoR (%) 8.8 % 8.7 % 8.4 % 8.6 % 8.9 % 3.3 % 3.3 % 3.2 % 2.9 % 2.5 % Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Loan book ▪ Private loans portfolio now exceeding SEK 100bn — YoY growth of 11% in local currencies. Positive FX impact of 3 pp — Continued strong growth in Sweden and Denmark. Gradual improvement in Norway following increased commercial focus ▪ NIM of 8.9%. NIM adjusted for FX and day count was 8.8% (8.6% in Q2’26) ▪ Continued positive development in cost of risk. CoRof 2.5% in Q3’26. YoY improvement driven by continuous underwriting improvements and normalising macro conditions Key takeaways 92.5 93.0 96.9 99.9 105.2 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Nordic market leader - Clear market leader, with offerings across Sweden, Norway, Finland and Denmark Attractive and flexible offering - Primarily used to refinance and consolidate existing debt Prime customers - Typically, middle-aged homeowners with incomes in line with national averages 70% Share of NOBA’s total lending within core operation, %
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Background Chart x axes Company colour Charts – 5– Quarterly, SEKbn 19.5 19.6 20.5 21.1 22.6 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 45-day interest-free period c. 1.6m product customers 150k max. credit limit for new customers c. 1.4m active/semi-active cards at end of Q3 Quarterly, % Key metrics Segment overview – Credit cards Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Credit card portfolio SEK 22.6bn — YoY growth of 10% in local currencies. Positive FX impact of 6 pp — Germany remains the strongest growing market. Solid growth in Norway and Denmark. Somewhat softer in Sweden and Finland ▪ NIM of 10.3%. NIM adjusted for FX and day count largely stable at 10.4% (10.5% in Q2’26) ▪ Cost of risk 3.2%, largely stable NIM (%)CoR (%) Key takeaways 10.5 % 11.0 % 10.5 % 10.4 % 10.3 % 2.9 % 3.8 % 3.1 % 3.0 % 3.2 % Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Segment overview and market position One of the leading independent credit card programmes in the Nordics - With strong brand recognition Attractive product offering - Simple and transparent, with no annual fee and attractive rewards Northern-European footprint - Well-established across the Nordic markets, with a growing presence in Germany 15% Share of NOBA’s total lending within core operation, % Loan book
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Background Chart x axes Company colour Charts – 6– Quarterly, SEKbn 18.8 19.2 20.1 20.7 21.6 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Quarterly, % Key metrics Segment overview – Secured Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Secured portfolio SEK 21.6bn — YoY growth of 12% in local currencies. Positive FX impact of 2 pp — Mortgages: Strong growth in both Sweden and Norway, driven by high demand for near-prime mortgages — Equity release: Continued subdued growth ▪ NIM of 3.4%. NIM was 3.4%, adjusted for FX volatility and day-count (3.5% in Q2’26) — Negative mix effect impacting YoY comparison as a higher proportion of new sales came from near prime mortgages, with lower NIM but attractive risk- adjusted returns ▪ Cost of risk at 0.7%. Increase mainly driven by higher interest rate expectations, which impacted provisions for Equity release ▪ Expansion of equity release to Norway and mortgages to Finland remain on track, with expected launch in second half of 2027 NIM (%)CoR (%) Key takeawaysKey takeaways 3.9% 3.8% 3.4% 3.5% 3.4 % 0.3% 0.4% 0.0% 0.2% 0.7 % Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Segment overview and market position c. SEK 1.4m avg. outstanding mortgage c. 20k customers c. 75% avg. LTV ratio for residential mortgages c. 43% avg. LTV ratio for equity release mortgages Mortgages - Customers underserved by traditional banks. ~3 years average repayment period - Currently offered in Sweden and Norway Equity Release - Strong customer value for senior homeowners seeking to release equity from their homes - Currently offered in Sweden 14% Share of NOBA’s total lending within core operation, % Loan book
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Background Chart x axes Company colour Charts – 7– Summary financials Notes: 1) YoY: Organic in constant currency as of 30-Sep-2025 (NOK / SEK 0.944; DKK / SEK 1.481; EUR / SEK 11.052). 2) Adjusted for transformation costs. 3) Adjusted for transformation costs, amortization of transaction surplus values, and the segment “Other”. 4) Based on average Core tangible equity excl. accrued dividend. 5) Deduction of SEK 1,350m deductions for f oreseeable dividend for Q1-Q3’26 in line with the dividend policy. SEKm Q3’25 Q2’26 Q3’26 YoY Balance sheet Loan book 131,459 143,348 151,004 15% Constant currency1) 10% Income statement Net interest income 2,711 2,867 3,054 13% Net interest margin, % 8.4% 8.1% 8.3% (0.1) pp Net fee and commission income 234 219 243 4% Operating income 2,913 3,055 3,290 13% Adj. operating expenses2) (646) (702) (742) 15% Adj. C/I, % 22% 23% 23% 0.4 pp Net credit losses (918) (883) (883) (4%) Cost of risk, % 2.8% 2.5% 2.4% (0.4) pp Adj. core operating profit3) 1,357 1,471 1,668 23% Adj. core profit for shareholders3) 1,009 1,078 1,213 20% Core RoTE3), % 28% 27% 30% 1.4 pp Core RoCE3,4) 29% 29% 32% 3 pp Capital CET1 ratio 14.06% 13.42% 13.21% (0.9) pp Q3’26 summary Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Loan book growth in line with target: 10% YoY organic in constant currency1) and 15% on reported basis ▪ Stable underlying NIM and solid NII growth — Underlying NIM, adjusted for FX fluctuations and day-count, was 8.3%, in line with reported NIM and stable QoQ on like for like basis — NII growth of 13% YoY ▪ NCI growth of 4% YoY – YoY growth impacted by strong comparative period. Individual quarters impacted by inherent fluctuations from variable components ▪ C/I ratio at 23%, flat QoQ and +0.4 pp YoY as cost growth of 15% is driven by consolidation of DBT, higher administrative expenses and increases sales costs. YoY cost growth excluding DBT was 13% and C/I ratio 22%. ▪ CoR down 0.4pp YoY to 2.4%. Continued positive trend with 10th straight quarter of YoY falling CoR. ▪ Core RoTE3) of 30%. Core RoCE (excluding dividends) at 32%, +3pp YoY ▪ CET1 of 13.2%5), 2.9 pp headroom to regulatory requirement. QoQ development impacted by high reported volume growth ▪ Ordinary interim dividend of SEK 2.70, equal to the 40% of profit generated in Q1–Q3’26, to be paid in connection with the Q4’26 EGM Key takeaways
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Background Chart x axes Company colour Charts – 8– Loan book by segment Margins OPEXLoan book Cost of risk Capital ReturnsOverview Notes: QoQ growth is annualised. 1) Constant currency as of 30-Jun-2026 (NOK / SEK 0.978; DKK / SEK 1.480; EUR / SEK 11.064). 2) Constant currency as of 30-Sep-2025 (NOK / SEK 0.944; DKK / SEK 1.481; EUR / SEK 11.052). 3) DBT Capital included in the segment “Other”. ▪ YoY organic growth of 10% in local FX. Reported growth positively impacted by FX (4 pp) and acquisition of DBT (1 pp) ‒ Private loans: Strong demand in Sweden and Denmark. Gradual improvement in Norway following increased commercial focus ‒ Credit cards: Germany remains the strongest growing market. Solid growth in Norway and Denmark. Somewhat softer in Sweden and Finland. ‒ Secured: Strong growth for mortgages in Sweden and Norway. Continued subdued growth in equity release ▪ QoQ annualised organic loan book growth of 12% in local FX. Reported growth positively impacted by FX (10 pp). Key takeaways Q3’26 QoQ (ann.) Q3’26 YoY Q3’26 Reported Constant currency1) Reported Constant currency2) Private loans 21.0% 11.7% 13.8% 10.5% Credit cards 28.5% 13.3% 15.6% 9.8% Secured 16.7% 10.8% 14.6% 12.1% NOBA (excl. DBT acquisition)3) 21.4% 11.8% 14.9% (14.0%) 11.4% (10.5%) Loan book, YoYLoan book growth
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Background Chart x axes Company colour Charts – 9– SEKm Net interest income and NIM Margins OPEXLoan book Cost of risk Capital ReturnsOverview Net interest margin, QoQ development Net interest income, quarterly ▪ Net interest income SEK 3,054m ‒ 13% YoY growth, mainly driven by increased portfolio volume ‒ Underlying NIM of 8.3%, adjusted for FX and day-count. Largely stable QoQ as headwind from delayed repricing was offset by positive temporary factors ‒ While underlying NIM is stable, rate movements and other temporary factors could result in some quarterly volatility for NIM going forward Key takeaways 2,712 2,745 2,723 2,867 3,054 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Net interest margin, quarterly and LTM1) NIM quarterly (%) NIM LTM (%) 8.4% 8.3% 8.0% 8.1% 8.3% 8.2% 8.2% 8.2% 8.2% 8.2% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 8.27% Q3’26 reported (0.07%) Day count 0.04% FX impact Q3’26 underlying Q2’26 underlying 8.30% 8.16% Note: 1) Based on a 5-point average loan book.
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Background Chart x axes Company colour Charts – 10– SEKm Operating expenses Note: 1) Adjusted for transformation costs. Margins OPEXLoan book Cost of risk Capital ReturnsOverview Adj. C/I ratio1)Operating expenses, quarterly ▪ Adj. C/I1) ratio 23% (22% Q3’25) ‒ YoY comparison impacted by consolidation of DBT, FX, higher administrative expenses and increased sales costs ‒ 10% cost growth excl. DBT and FX impact ▪ Clear path towards achieving medium-term C/I target of <20% during 2027 ‒ Current elevated cost growth expected to decline by the end of 2026, as investments and cost take-out initiatives gain traction Key takeaways 646 691 666 702 742 803 695 666 702 742 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 22% 24% 23% 23% 23% 22% 22% 23% 23% 23% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Adj. C/I ratio quarterly (%) 1) Adj. C/I ratio LTM (%) 1)Adj. operating expense1) Reported operating expense
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Background Chart x axes Company colour Charts – 11– Loan losses Margins OPEXLoan book Cost of risk Capital ReturnsOverview Cost of risk, LTM1)Cost of risk, quarterly ▪ Q3 Cost of risk 2.4% (2.8% Q3’25) and LTM Cost of risk of 2.6%, ‒ 10th consecutive quarter with falling YoY cost of risk, driven by continuous underwriting improvements and normalising macro ‒ NPL portfolio sale (SEK ~400m) completed above book value, another testament to NOBAs provisions ‒ C. 30 MSEK negative macro impact from revised estimates from external data supplier. Additional negative impact from provisions in Equity release due to higher interest-rate expectations Key takeaways 2.8% 2.8% 2.7% 2.5% 2.4% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 3.2% 3.0% 2.8% 2.7% 2.6% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Note: 1) Based on a 5-point average loan book.
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Background Chart x axes Company colour Charts – 12– Capital position and liquidity Reported capital vs regulatory capital requirement Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ CET1 ratio of 13.2%, within the 13-15% target range and 2.9 pp buffer to CET1 requirement ▪ Early redemption of SEK 1,400m AT1 and SEK 650m T2 bonds on 29 October 2026, announced in Q3 and are therefore excluded from the capital base ▪ 40% of profit generated in Q1–Q3’26 deducted from CET1 as of September 2026, in line with the dividend policy ‒ Corresponds to SEK 1,350m ‒ Ordinary interim dividend of SEK 2.70, equal to the 40% of profit generated in Q1–Q3’26, to be paid in connection with the Q4’26 EGM ▪ NOBA’s Board of Directors evaluating a potential share buyback programme, as an option to ensure optimal capital level and manage surplus capital generation ▪ Strong position on funding and liquidity requirements: LCR of 144%; NSFR of 108% Key takeaways T1 T2CET1 13-15% CET1 Financial target 13.2% 10.3% 1.9% 1.7% 1.3% 2.4% 16.4% 14.4% Q3'26 Regulatory Capital Requirement incl. P2G
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Background Chart x axes Company colour Charts – 13– Q3’26 LTM Clear levers to deliver on medium-term target of ~30% RoTE Illustrative RoTE bridge1) Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Potential for improved risk-adjusted margin driven by stable NIM and continued lower CoR from underwriting improvements and normalised macro conditions ▪ Resuming downward C/I trajectory with expectation to hit C/I target of <20% during 2027 ▪ Ensuring an optimal capital structure and distribution of excess capital ‒ Interim dividend of SEK 1,350m to be paid in Q4 ‒ On 30 September 2026, NOBA announced the early redemption of SEK 1,400m AT1 and SEK 650m T2 bonds on 29 October 2026 Key takeaways 27% ~30% Q3’26 LTM Marginal Operational Target 0.1pp improvement in RAM Source: Company information. Note: Adjusted C/I ratio. 1) Based on a 5 -point average. Risk-adjusted margin (NIM-CoR) 5.6% Operational efficiency (C/I ratio) 23% (target: <20%) Outlook for KPI 1.0pp improvement in C/I NIM 8.2% CoR 2.6% +0.7pp impact on RoTE +0.6pp impact on RoTE Core RoTE Margin 1 2 1 2 3 Efficiencies CET1-ratio (LTM average): 13.5%13 Target Core RoTE
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Background Chart x axes Company colour Charts – 14– Notes: 1) As per description on page 7. 2) Including M&A. 3) Capital position reflects deduction of SEK 1,350m deductions for foreseeable dividend for Q1 -Q3 2026 in line with the dividend policy. 4) Ordinary interim dividend, equal to 40% of Q1–Q3’26 profit, to be paid in connection with the Q4’26 EGM. Loan book C/I Core RoTE CET1 and dividend KPI ▪ Continued organic growth in all segments, supplemented by recent acquisition of DBT Capital ▪ Continued confidence in achieving medium-term C/I target of <20% during 2027 ▪ Current elevated cost growth expected to decline by the end of 2026 ▪ Core RoTE in line with target of ~30% ▪ Core RoTE3) of 30%, negatively impacted by foreseeable dividend of SEK 1,350m. Core RoCE (excluding dividends) at 32%, +3pp YoY ▪ Strong capital position with 2.9 pp headroom to CET1 requirement ▪ Focus on efficient capital deployment and distribution of excess capital ▪ Ordinary interim dividend, equal to 40% of Q1–Q3’26 profit, to be paid in connection with the Q4’26 EGM ▪ NOBA’s Board of Directors evaluating a potential share buyback programme Commentary +10% / +15% Organic in local FX1) / Reported YoY 23% Q3’26 (+0.4pp YoY) 30% / 32% RoTE/ RoCE Q3’26 13.2% / 10.3% Act3)/ Requirement Q3’26 SEK 2.70 / 40% Ordinary4) / Payout ratio Financial targets (medium-term) >10% p.a. organic (local currencies) SEK 250bn by YE 20302) <20% ~30% 13-15% CET1 ratio >40% payout ratio Q3 performance Performance vs. financial targets Margins OPEXLoan book Cost of risk CapitalOverview Returns
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Background Chart x axes Company colour Charts Q&A
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Background Chart x axes Company colour Charts Appendix
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Background Chart x axes Company colour Charts – 17– Financial highlights – Group Note: 1) Based on a 5-point average loan book/tangible equity. 2) Costs adjusted for transformation costs. 3) Adjusted for transformation costs, amortization of transaction surplus values, and the segment “Other”. 4) YoY: Constant currency as of 30-Sep-2025 (NOK / SEK 0.944; DKK / SEK 1.481; EUR / SEK 11.052). 5) Excluding foreseeable dividend. LTM, %1) NIM and Cost of risk LTM, SEKbn Loan book LTM, SEKm / % Operating income and Adj. C/I Ratio2) LTM, %1) Adj. core operating profit3) and Core RoTE3) NIM (%)CoR (%) ▪ Loan book SEK 151.0bn ‒ Loan book growth in line with target: 10 % YoY in constant currency4) and 15% on reported basis ‒ QoQ annualised growth of 22% ▪ LTM operating income of SEK 12,215m ▪ LTM Adj. C/I ratio2) 23% (22% Q3’25) ▪ LTM Cost of risk 2.6% (3.2% Q3’25) ▪ LTM Core RoTE3) 27% (26% Q3’25) Key takeaways Adj. core operating profit3) (SEK m) Adj. core RoTE3) (%)Operating Income (SEKm) Adj. C/I ratio2) (%) 131.5 132.3 139.2 143.3 151.0 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 8.2% 8.2% 8.2% 8.2% 8.2% 3.2% 3.0% 2.8% 2.7% 2.6% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 4,628 4,978 5,215 5,468 5,779 26% 27% 27% 28% 29% 26% 26% 26% 26% 27% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 11,036 11,276 11,483 11,838 12,215 22% 22% 23% 23% 23% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 APPENDIX Adj. core RoCE3,5) (%)
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Background Chart x axes Company colour Charts – 18– 1 2 1 1 1 2 13 16 17.48 18.00 19 17 10 12 15 18 20 23 47 60 76 87 93 105 71 89 110 124 132 151 2018 2019 2020 2021 2022 2023 2024 2025 LTM Q3'2026 23% 15% Strong historical loan book development Loan book, SEKbn Source: Company information, third -party management consulting firm. Note: Financials in SEKbn and company data as of Q3’26 unle ss otherwise stated. 1) Including M&A. 2) CAGR. Growth Since 2018, p.a.2) LTM2) 9% 16% 13% 14% 13% 15% Private loans Credit cards Secured Other APPENDIX Multiple secular drivers underpinning strong historical track-record of loan book growth and outlook >10% organic growth SEK 250bn Loan book by YE 20301) Medium term financial targets
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Background Chart x axes Company colour Charts – 19– 90% 10% 0% 44%31% 14% 7% 4% Overview of funding platform Overview of liquidity portfolio Liquidity ratios 69% 14% 9% 6% 1%2% Solid liquidity ratios Low risk and short-dated liquidity portfolio Well-matched ALM Bond portfolio – credit rating AAA AA+Covered Local govt. Govt. Cred. Inst. Bond portfolio – issuer typeTotal liquidity portfolio Diversified and scalable funding and low risk liquidity portfolio Q3 2026 Deposits – Consistent growth, built on broad platform footprint and diversified product offering SEK 16.7bn SEK 16.7bn 24% 18% 16% 15% 11% 9% 5% 2% SEK 119bn By country NO NL DE SE ESDK FI BBB rated by Nordic Credit Rating Diversified funding mix Long track record in the wholesale market Capital and wholesale – Long track-record in the wholesale market SEK 56bn AT1 T2 Tangible equity Secured debt Unsecured debt 63% 25% 2% 10% SEK 119bn Term deposit, internal On demand, internal On demand, external 33%67% % of total funding By maturity and channel Other Multi, PSE & Int. OrgInterest bearing securities Covered bonds Cash balances with central banks Cash balances with credit institutions IR Term deposit, external 45% 20% 34% 1% SEK 25.8bn 144% 108% Liquidity coverage ratio (LCR) Net stable funding ratio (NSFR) AA APPENDIX
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Background Chart x axes Company colour Charts – 20– Historical financial performance: Quarter and full year Income statement (SEKm) Q3'25 Q2'26 Q3'26 YoY QoQ (ann.) 2024 2025 YoY Total net interest income 2,711 2,867 3,054 13% 26% 9,295 10,533 13% Total operating income 2,913 3,055 3,290 13% 31% 9,884 11,276 14% Total operating expenses excl. transformation costs (646) (702) (742) 15% 23% -2,374 -2,520 6% Adjusted operating profit before credit losses 2,267 2,353 2,548 12% 33% 7,510 8,755 17% Net credit losses (918) (883) (883) (4%) (0%) -4,149 -3,780 -9% Adjusted operating profit 1,349 1,470 1,665 23% 54% 3,361 4,975 48% Amortization of transaction surplus values (32) (34) (35) 9% 9% -134 -128 -4% Transformation costs and other (157) - - n.m. n.m. -349 -237 -32% Operating profit 1,160 1,436 1,630 41% 55% 2,878 4,610 60% Tax (257) (326) (377) 47% 63% -676 -999 48% Net income 903 1,110 1,253 39% 52% 2,202 3,611 64% Balance sheet (SEKm) Q3'25 Q2'26 Q3'26 YoY QoQ (ann.) 2024 2025 YoY Loan book 131,459 143,348 151,004 15% 22% 124,448 132,341 6% Tangible equity 14,859 15,981 17,186 16% 30% 12,549 15,737 25% KPIs Q3'25 Q2'26 Q3'26 YoY QoQ 2024 2025 YoY Net interest margin, % 8.4% 8.1% 8.3% (0.1) pp 0.2 pp 7.9% 8.2% 0.3 pp Adj. C/I 22% 23% 23% 0.4 pp (0.4) pp 24% 22% (2) pp CoR 2.8% 2.5% 2.4% (0.4) pp (0.1) pp 3.5% 3.0% (0.6) pp Adj. core RoTE 28% 26% 29% 1.4 pp 2.7 pp 22% 26% 5 pp APPENDIX
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Background Chart x axes Company colour Charts – 21– Historical financial performance: Annual Income statement (SEKm) 2024 2025 Change Total net interest income 9,295 10,533 13% Total operating income 9,884 11,276 14% Total operating expenses excl. transformation costs (2,374) (2,520) 6% Adjusted operating profit before credit losses 7,510 8,755 17% Net credit losses (4,149) (3,780) (9%) Adjusted operating profit 3,361 4,975 48% Amortization of transaction surplus values (134) (128) (4%) Transformation costs and other (349) (237) (32%) Operating profit 2,878 4,610 60% Tax (676) (999) 48% Net income 2,202 3,611 64% Balance sheet (SEKm) 2024 2025 Change Loan book 124,448 132,341 6% Tangible equity 12,549 15,737 25% KPIs 2024 2025 Change Net interest margin, % 7.9% 8.2% 0.3 pp Adj. C/I 24% 22% (2) pp CoR 3.5% 3.0% (0.6) pp Adj. core RoTE 22% 26% 5 pp APPENDIX
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Background Chart x axes Company colour Charts – 22– SEKm Q3’25 Q2'26 Q3'26 Total operating expenses excl. transformation costs and adj. C/I-ratio Total operating expenses (803) (702) (742) Transformation costs (157) - - Total operating expenses excl. transformation costs (646) (702) (742) Total operating income 2,913 3,055 3,290 Cost-to-income ratio (C/I ratio) (%) 28% 23% 23% Adj. cost-to-income ratio (C/I ratio) (%) 22% 23% 23% Adj. core operating profit Operating profit 1,160 1,436 1,630 Transformation costs (157) - - Amortization of transaction surplus values (32) (34) (35) Adj. operating profit from segment ‘Other’ (8) (2) (3) Adj. core operating profit 1,357 1,471 1,668 Adj. profit for the period attrib. to shareholders Adj. core operating profit 1,357 1,471 1,668 Tax on adjusted Core operating profit (301) (334) (386) Adj. core profit for the period 1,056 1,137 1,282 Adj. core profit attributable to holders of AT1 (48) (59) (70) Adj. core profit attributable to shareholders 1,009 1,078 1,213 Adj. core RoTE Adj. core profit attributable to parent company shareholders 1,009 1,078 1,213 Average tangible equity 14,322 16,064 16,381 Adj. core RoTE 28% 27% 30% Historical financial performance: Adjusted KPI reconciliation Reconciliation of alternative performance measures APPENDIX
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Background Chart x axes Company colour Charts – 23– Historical financial performance: NRI breakdown SEKm 2023 2024 2025 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Strategic review 16 192 232 29 42 157 4 - - - IT re-platforming 112 106 6 6 - - - - - - BANO integration 207 0 - - - - - - - - Other transformation costs (57) - - - - - - - - - Lilienthal write-downs 75 - - - - - - - - - Transformation costs 354 298 237 35 42 157 4 - - - Amortisation of transaction intangibles 136 134 128 33 31 32 32 32 34 35 NRI 490 432 365 68 73 189 35 32 34 35 APPENDIX
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Background Chart x axes Company colour Charts Contact: Rickard Strand, Head of Investor Relations ir@noba.bank Oliver Hofmann, Head of Communications & ESG press@noba.bank