Slide 1: Interim Presentation Q1-2025
INTERIM PRESENTATION Q1-2025
Slide 2: Highlights
Profit before tax 30.8 MNOK, +6.6 MNOK/ +27 % vs Q1-24 Driven by increased total income and decreased loan losses Growth in gross lending of 334 MNOK Continued growth for most profitable segments: mortgages and Highlights business lending Gross loans reach 7,024 MNOK Well diversified loan book acros
Slide 3: Instabank Launches in Germany
Instabank Launches in Germany Instabank has successfully launched its fully digital, Norwegian-designed credit card in Germany — Europe’s largest banking market — marking a key milestone in its European growth strategy. Built on Scandinavian values of trust, simplicity, and transparency, the product
Slide 4: Net loans and margin developments
Net loans and margin developments
Slide 5: Gross loans development | Well diversified loan book
Gross loans development | Well diversified loan book GROSS LOANS BALANCE GROWTH (MNOK) KEY COMMENTS: 321 334 • Demand for mortgages increased compared to the previous quarter, leading to a 228 growth in lending of 107 MNOK, bringing the total to 3,125 MNOK in gross loans 168 165 172 125 119 107 107
Slide 6: 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 3,125’’ 3,198 977’ 8.9 % unsecured debt or house improvements Consumer Loans Unsecured loans offered in Norway, Finland and 2,750’’ 24,934 111
Slide 7: Yields and funding cost | Attractive margins
Yields and funding cost | Attractive margins LENDING AND LIQUIDITY YIELD, INTEREST RATE DEPOSITS: KEY COMMENTS: 19.3 % 19.2 % 18.5 % 18.0 % 17.9 % • Highly attractive yield for business lending at 17.9% • The decline in the yield of consumer loans is due to the decrease in EUR interest rates 13.3 %
Slide 8: Profitability, risk and capital
Profitability, risk and capital
Slide 9: 32 consecutive quarters with profits
32 consecutive quarters with profits PROFIT AFTER TAX (NOKM) & RETURN ON EQUITY:
Slide 10: Total income | High growth in income
Total income | High growth in income TOTAL INCOME (MNOK): KEY COMMENTS: 134.5 128.4 126.4 120.9 116.5 ▪ Total income amounted to 134.5 MNOK, up by 18.0 MNOK from the same quarter last year ▪ Total interest income increased by 16.1 MNOK from the same quarter last year. This increase resulted from a 1
Slide 11: Operating expenses | Economy of scale
Operating expenses | Economy of scale OPERATING EXPENSES BREAKDOWN (MNOK): KEY COMMENTS: 61.2 62.1 53.3 3.0 3.2 ▪ Operating expenses reached 62.1 MNOK, representing an increase of 0.9 MNOK 46.0 46.0 2.2 from the previous quarter. 2.1 2.6 25.9 25.0 23.6 18.8 18.2 6.0 7.0 5.0 5.3 5.2 18.9 22.8 22.9 16
Slide 12: Credit risk | Mortgages represent low credit risk
Credit risk | Mortgages represent low credit risk IMPAIRMENT LOSSES (MNOK): KEY COMMENTS: 50.0 46.3 10.0 % 41.6 38.9 39.9 ▪ Loan losses amounted to 41.7 MNOK or 2.4%, down by 4.7 million NOK from the same 40.0 8.0 % 32.2 quarter last year. 30.0 6.0 % 20.0 4.0 % 2.9 % 2.5 % 2.4 % 2.4 % 10.0 2.0 % 2.0
Slide 13: Regulatory Capital | Solid capital adequacy
Regulatory Capital | Solid capital adequacy DEVELOPMENTS IN CAPITAL ADEQUACY RATIOS: KEY COMMENTS: 23.2 % 23.4 % 23.2 % 22.2 % 22.2 % 2.1 % 2.1 % 1.8 % 2.1 % 1.8 % 2.0 % 1.8 % 2.2 % • (CET1) ratio was 18.3 %, 2.0 % points above the regulatory capital requirement 1.8 % 1.7 % including the expected ca
Slide 14: Strategy and ambitions
Strategy and ambitions
Slide 15: Strategic move towards a Europe
Strategic move towards a Europe Instabank to apply for a Banking License in Finland • Instabank plans to submit its banking license application to the Finnish Financial Supervisory Authority (FSA) during the second quarter. The application process is expected to take approximately one year. • The fr
Slide 16: 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 17: Financials | Guiding as per Q1-25
Financials | Guiding as per Q1-25 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 18: 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 19: 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 20: 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 21: 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 22: Deposits volumes | Diversified funding
Deposits volumes | Diversified funding Volume # Customers Avg. Deposit Size Avg. deposit rate Norway 3,970’’ 21,434 185’ 4.7 % Germany 2,880’’ 18,647 154’ 2.8 % Finland 71’’ 3,218 22’ 0.9 % Sweden 10’’ 1,271 8’ 0.5 % Total 6,931’’ 44,570 156’ 3.8 %
Slide 23: The share | Oslo Euronext Growth, ticker INSTA
The share | Oslo Euronext Growth, ticker “INSTA” Top 20 shareholders (Per May 7th, 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 20,7
Slide 24: Income statement & Balance sheet | Overview
Income statement & Balance sheet | Overview INCOME STATEMENT (NOK THOUSAND) BALANCE SHEET (NOK THOUSAND) P&L Q1-25 FY 2024 Q4-24 Q3-24 Q2-24 Q1-24 Balance Sheet 31.03.25 31.12.24 30.09.24 30.06.24 31.03.24 Total income: Assets Interest Income 187,208 722,350 187,135 184,782 179,267 171,166 Loans and
Slide 25: Instabank is the Nordic challenger bank. Founded in 2016.
Instabank is the Nordic challenger bank for corporate and private customers. Founded in 2016.