Slide 1: Interim Presentation Q2-2025
INTERIM PRESENTATION Q2-2025
Slide 2: Highlights
Record-high growth in gross lending of 835 MNOK Driven by strong organic growth (467 MNOK) and mortgage portfolio acquisition (368 MNOK) Successful credit card launch in Germany Highlights Marks a major step in the bank’s European growth strategy Profit before tax of 28.9 MNOK 36,7 MNOK adjusted for
Slide 3: Gross lending and margin developments
Gross lending and margin developments
Slide 4: Segments | Unsecured consumer lending
Segments | Unsecured consumer lending HIGHLIGHTS GROSS LOANS (MNOK) Yield • In its first quarter, Instabank's new German credit card generated 106 Consumer loans Consumer loans Consumer loans MNOK of a total of 178 MNOK in segment growth. • This launch is a key strategic move, expanding Instabank's
Slide 5: Segments | Mortgages
Segments | Mortgages HIGHLIGHTS GROSS LOANS (MNOK) Yield • Completed acquisition of mortgage portfolio valued at 368 MNOK from a Norwegian bank in Q2-2025. 3,668 8.7 % • The portfolio mirrors Instabank’s existing mortgage portfolio in terms of interest rates, credit risk, and loan-to-value ratios. Q
Slide 6: Segments | Business lending
Segments | Business lending HIGHLIGHTS GROSS LOANS (MNOK) Yield • Business lending celebrates its two-year anniversary since launch and has proven to be Instabank’s most profitable segment 701 17.8 % • In the second quarter, the growth continued, increasing lending by 114 MNOK to 701 MNOK, represent
Slide 7: Gross loans development | Well diversified loan book
Gross loans development | Well diversified loan book GROSS LOANS BALANCE GROWTH (MNOK) KEY COMMENTS: 835 • Record-high lending growth of 835 MNOK, driven by a substantial organic increase of 467 MNOK and the acquisition of a mortgage portfolio of 368 MNOK 543 334 • Business lending celebrates its tw
Slide 8: Yields and funding cost | Attractive margins
Yields and funding cost | Attractive margins LENDING AND LIQUIDITY YIELD, INTEREST RATE DEPOSITS: KEY COMMENTS: 19.2 % 18.5 % 18.0 % 17.9 % 17.8 % • Highly attractive yield for business lending at 17.8 % • The increase in yield for unsecured consumer lending is because of increased share of credit c
Slide 9: Profitability, risk and capital
Profitability, risk and capital
Slide 10: 33 consecutive quarters with profits
33 consecutive quarters with profits In Q2-2025, profits were impacted mainly by two extraordinary events directly related to our strategic growth investments. First, the successful launch and high growth in the German market drives higher-than-usual loss provisions, due to the nature of IFRS 9 prov
Slide 11: Total income | High growth in income
Total income | High growth in income TOTAL INCOME (MNOK): KEY COMMENTS: 144.1 134.5 128.4 126.4 120.9 ▪ Solid growth in Total income of 9.6 MNOK from the previous quarter to 144.1 MNOK ▪ Total interest income increased by 15.1 MNOK from the previous quarter, reaching 202.3 MNOK in Q2 2025. ▪ This in
Slide 12: Operating expenses | Economy of scale
Operating expenses | Economy of scale OPERATING EXPENSES BREAKDOWN (MNOK): KEY COMMENTS: 62.1 64.2 61.2 3.6 3.2 ▪ Operating expenses reached 64.2 MNOK, representing an increase of 2.1 MNOK 53.3 3.0 46.0 2.2 23.4 from the previous quarter. 2.6 25.9 25.0 23.6 18.2 9.3 6.0 7.0 5.3 5.2 22.8 22.9 24.8 16
Slide 13: Credit risk | Mortgages represent low credit risk
Credit risk | Mortgages represent low credit risk IMPAIRMENT LOSSES (MNOK): KEY COMMENTS: 60.0 10.0 % 51.0 50.0 41.6 8.0 % ▪ Loan losses amounted to 51.0 MNOK or 2.7 %, representing an increase of 9.3 38.9 39.9 40.0 32.2 MNOK/ +0.3 % points from the previous quarter. 6.0 % 30.0 4.0 % 20.0 2.4 % 2.5
Slide 14: Regulatory Capital | Solid capital adequacy
Regulatory Capital | Solid capital adequacy DEVELOPMENTS IN CAPITAL ADEQUACY RATIOS: KEY COMMENTS: 23.2 % 23.4 % 23.2 % 23.8 % 22.2 % 2.1 % 2.1 % 2.0 % 2.2 % 3.6 % ▪ CET1 ratio was 17.4 %, 1.3 % points above the regulatory capital requirement 1.8 % 1.8 % 1.8 % 1.7 % 2.8 % including the expected capi
Slide 15: Strategy and ambitions
Strategy and ambitions
Slide 16: Strategic move towards Europe | Redomiciliation to Finland
Strategic move towards Europe | Redomiciliation to Finland • Instabank's application process for a banking license in Finland is • To prepare for the transition, the boards of directors of Instabank ongoing, and the application has been submitted to the Finnish ASA and Instabank Finland signed a mer
Slide 17: Product strategy | Continued expansion and diversification
Product strategy | Continued expansion and diversification FROM a specialised consumer finance bank Diversification and scale up TO a focused commercial bank Savings NO Savings FI/SE Mortgages NO Scaling Mortgages Credit Cards DE Consumer loans NO/FI Consumer loans SE Sales finance FI Security depos
Slide 18: Financials | Guiding as per Q2-25
Financials | Guiding as per Q2-25 Outlook 2025 Strategic ambition mid-term PROFIT AFTER TAX ~ 125 mill. > 200 mill. Strong improvement in profits Among the better Proof of Success ROE > 12 % > 15 % Strong improvement in performance Among the better Proof of Success GROSS LOANS ~ 8.5 Bn > 10.0 Bn Gro
Slide 19: Key value propositions | The Nordic Challenger Bank
Key value propositions| The Nordic Challenger Bank A dynamic and innovative challenger bank with a solid Continued strong growth in net loans at attractive margins 1 market position, a customer-centric approach, and 4 significant growth potential in the fintech sector Lean operational platform and o
Slide 20: Thank you for your attention
Thank you for your attention Continue to see lists of management, board of directors, share holders, income statement and balance sheet.
Slide 21: Management | Experienced and competent
Management | Experienced and competent ROBERT BERG | CHIEF EXECUTIVE OFFICER JØRGEN RUI | CHIEF MARKETING OFFICER Berg is one of the Co-founders who established Instabank in 2016 . Prior to that he has Rui was recruited to the Instabank team in 2020. He has previously served as Director for been CEO
Slide 22: Board of directors | Seasoned and diligent
Board of directors | Seasoned and diligent THOMAS BERNTSEN | CHAIR PERSON ODD HARALD HAUGE | BOARD MEMBER Berntsen is the owner, chairman and managing partner in F2 Management. Hauge is an investor, consultant and author. He is the founder of Nettavisen where he Furthermore, he is the chairman of th
Slide 23: Gross lending portfolio | Transparent and simple
Gross lending portfolio| Transparent and simple Gross Loans # Customers Avg Ticket Size Yield Mortgages First or second priority mortgages for refinancing of 3,668’’ 3,421 1,072’ 8.9 % unsecured debt or house improvements Consumer Loans Unsecured loans offered in Norway, Finland and 2,818’’ 24,981 1
Slide 24: Deposits volumes | Diversified funding
Deposits volumes | Diversified funding Volume # Customers Avg. Deposit Size Avg. deposit rate Norway 4,183’’ 23,189 180’ 4.7 % Germany 3,548’’ 20,088 177’ 2.5 % Finland 74’’ 3,235 23’ 1.1 % Sweden 10’’ 1,270 8’ 0.5 % Total 7,814’’ 47,782 164’ 3.6 %
Slide 25: The share | Oslo Euronext Growth, ticker INSTA
The share | Oslo Euronext Growth, ticker “INSTA” Top 20 shareholders (Per August 13th, 2025) Share price development (last 12 months) # Shareholders # of shares % 1 KISTEFOS AS 94,268,606 24.9% 2 HODNE INVEST AS 37,546,909 9.9% 3 VELDE HOLDING AS 30,044,521 7.9% 4 BIRKELUNDEN INVESTERINGSSELSKAP AS
Slide 26: Income statement & Balance sheet | Overview
Income statement & Balance sheet | Overview INCOME STATEMENT (NOK THOUSAND) BALANCE SHEET (NOK THOUSAND) New P&L Q2-25 Q1-25 FY 2024 Q4-24 Q3-24 Q2-24 Balance Sheet 30.06.25 31.03.25 31.12.24 30.09.24 30.06.24 Total income: Assets Interest Income 202,345 187,208 722,350 187,135 184,782 179,267 Loans
Slide 27: Instabank is the Nordic challenger bank. Founded in 2016.
Instabank is the Nordic challenger bank for corporate and private customers. Founded in 2016.