Noba Bank Group Ab · OMXSTO:NOBA
Noba Bank Group Ab — Q2 2026 Earnings Presentation
22 slides from Noba Bank Group Ab's earnings presentation, Aug 18, 2026
Slide 1: Second quarter results 2026
Second quarter results 2026 18 August 2026 Jacob Lundblad, CEO Patrick MacArthur, CFO
Slide 2: Key events during Q2'26
Key events during Q2’26 ▪ Stable financial development with good progress towards financial targets. Adjusted core operating profit of SEK 1.5bn (+21% YoY). Core RoTE of 27%1) and 29% on core capital employed, excl. accrued dividend ▪ Continued solid growth while investing in future growth drivers —
Slide 3: Segment overview – Private loans
Overview Loan book Margins OPEX Cost of risk Capital Returns Segment overview – Private loans Segment Customers Loan book Key takeaways Quarterly, SEKbn ▪ Private loans portfolio SEK 99.9bn 96,9 99,9 — YoY growth of 11% in local currencies. SEK 175k c. 500k 89,7 92,5 93,0 avg. loan size customers Sl
Slide 4: Segment overview – Credit cards
Overview Loan book Margins OPEX Cost of risk Capital Returns Segment overview – Credit cards Segment Customers Loan book Key takeaways Quarterly, SEKbn ▪ Credit card portfolio SEK 21.1bn 45-day c. 1.6m — YoY growth of 11% in local currencies. 20,5 21,1 interest-free period product customers 18,8 19,
Slide 5: Segment overview – Secured
Overview Loan book Margins OPEX Cost of risk Capital Returns Segment overview – Secured Key takeaways Segment Customers Loan book Key takeaways Quarterly, SEKbn ▪ Secured portfolio SEK 20.7bn c. SEK 1.4m — YoY growth of 12% in local currencies. c. 20k avg. outstanding 20,1 20,7 Positive FX impact of
Slide 6: Q2'26 summary
Overview Loan book Margins OPEX Cost of risk Capital Returns Q2’26 summary Summary financials Key takeaways SEKm Q2’25 Q1’26 Q2’26 YoY ▪ Loan book growth in line with target: 11 % YoY in constant currency1) and 12% on reported basis Balance sheet Loan book 127,565 139,179 143,348 12% ▪ Stable underl
Slide 7: Loan book by segment
Overview Loan book Margins OPEX Cost of risk Capital Returns Loan book by segment Loan book growth Loan book, YoY Key takeaways Q2’26 QoQ (ann.) Q2’26 YoY ▪ YoY organic growth of 11% in local FX. Reported growth positively impacted by FX (1 Constant Constant pp) and acquisition of DBT (1 pp) Q2’26 R
Slide 8: Net interest income and NIM
Overview Loan book Margins OPEX Cost of risk Capital Returns Net interest income and NIM Net interest income, quarterly Net interest margin, quarterly and LTM Key takeaways SEKm ▪ Net interest income SEK 2,867m ‒ 12% YoY growth, mainly driven by increased portfolio volume ‒ Underlying NIM stable QoQ
Slide 9: Operating expenses
Overview Loan book Margins OPEX Cost of risk Capital Returns Operating expenses Operating expenses, quarterly Adj. C/I ratio1) Key takeaways SEKm ▪ Adj. C/I1) ratio 23% (22% Q2’25) ‒ YoY comparison impacted by inclusion of DBT, other investments, FX, temporarily lower realisations of cost takeout- p
Slide 10: Loan losses
Overview Loan book Margins OPEX Cost of risk Capital Returns Loan losses Cost of risk, quarterly Cost of Risk, LTM Key takeaways ▪ Cost of risk 2.5% (2.9% Q2’25) ‒ 9th consecutive quarter with falling YoY cost of risk ‒ Positive underlying portfolio trends, driven by continuous improvements in under
Slide 11: Capital position and liquidity
Overview Loan book Margins OPEX Cost of risk Capital Returns Capital position and liquidity Reported capital vs regulatory capital requirement Key takeaways ▪ CET1 ratio of 13.4%, within the 13-15% target range and 3.2pp buffer to CET1 requirement ▪ Tier 1 capital ratio and total capital ratio incre
Slide 12: Clear levers to deliver on medium-term target of ~30% RoTE
Overview Loan book Margins OPEX Cost of risk Capital Returns Clear levers to deliver on medium-term target of ~30% RoTE Illustrative RoTE bridge Key takeaways Q2’26 LTM ▪1 Improved risk-adjusted margin driven by 1 2 stable NIM and continued lower CoR from Risk-adjusted margin Operational efficiency
Slide 13: Performance vs. financial targets
Overview Loan book Margins OPEX Cost of risk Capital Returns Performance vs. financial targets Financial targets KPI Q2 performance (medium-term) Commentary >10% p.a. +11% / +12% organic (local currencies) ▪ Continued organic growth in all segments, supplemented by recent Loan book Constant currency
Slide 14: Q&A
Q&A
Slide 15: Appendix
Appendix
Slide 16: Financial highlights – Group
APPENDIX Financial highlights – Group Loan book NIM and Cost of risk Key takeaways LTM, SEKbn LTM, % ▪ Loan book SEK 143.3bn 8,2% 8,2% 8,2% 8,2% 8,2% 143,3 ‒ YoY organic growth 11% in constant 132,3 139,2 127,6 131,5 currency3) , while positive impact from FX was 1pp 3,3% 3,2% 3,0% 2,8% 2,7% ‒ QoQ a
Slide 17: Diversified and scalable funding and low risk liquidity portfolio Q2 2026
APPENDIX Diversified and scalable funding and low risk liquidity portfolio Q2 2026 Overview of funding platform Deposits – Consistent growth, built on broad platform footprint and diversified product offering 70% Capital and wholesale – Long track-record in the 30% By country By maturity and channel
Slide 18: Historical financial performance: Quarter and full year
APPENDIX Historical financial performance: Quarter and full year Income statement (SEKm) Q2'25 Q1'26 Q2'26 YoY QoQ (ann.) 2024 2025 YoY Total net interest income 2,549 2,723 2,867 12% 21% 9,295 10,533 13% Total operating income 2,701 2,941 3,055 13% 16% 9,884 11,276 14% Total operating expenses excl
Slide 19: Historical financial performance: Annual
APPENDIX 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,
Slide 20: Historical financial performance: Adjusted KPI reconciliation
APPENDIX Historical financial performance: Adjusted KPI reconciliation Reconciliation of alternative performance measures SEKm Q2’25 Q1'26 Q2'26 Total operating expenses (588) (666) (702) Transformation costs (42) - - Total operating expenses Total operating expenses excl. transformation costs (546)
Slide 21: Historical financial performance: NRI breakdown
APPENDIX Historical financial performance: NRI breakdown SEKm 2023 2024 2025 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 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-d
Slide 22: Contact: Rickard Strand, Head of Investor Relations
Contact: Rickard Strand, Head of Investor Relations ir@noba.bank Oliver Hofmann, Head of Communications & ESG press@noba.bank