Aktia Bank Plc Class A · OMXHEX:AKTIA
Aktia Bank Plc Class A — Debt Investor Presentation (August 2025)
43 slides from Aktia Bank Plc Class A's debt investor presentation, Aug 5, 2025
Slide 1: Debt Investor Presentation
Debt Investor Presentation
Slide 2: Q2 highlights
Aktia Q2/2025 Debt investor presentation Q2 highlights Financial performance as expected: comparable operating profit EUR 26.2 million. * Stable net commission income. * Nil decreased as expected due to lower market rates. Strong focus on acceleration programme and strategically important customer s
Slide 3: Interest rate environment affects operating profit
Aktia Q2/2025 Debt investor presentation 5/8/25 3 Interest rate environment affects operating profit Comparable operating profit 2021-2025 EUR million 124.7 124.5 120.0 104.8 Q4 28.3 100.0 87.4 80.0 Q3 31.5, 65.2 60.0 54.9 Q2 30.8 40.0 7 _ oe 0.0 2021 2022 2023 2024 2025 Restated according to the ac
Slide 4: Momentum
(- Momentum |
Slide 5: Our communicated ambitions
5/8/25 5 Aktia Q2/2025 Debt investor presentation a Ambition: Our communicated ambitions © asa ni 4s O1 cr ow number Grow Assets Grow Net Achieve and Private under commission operating profit Bankin management income run-rate customers improvement © FRB armsigonn ROB ayenstazr BAe HERO azo Enabled b
Slide 6: Strategy acceleration programme
Aktia Strategy acceleration programme: Strengthening execution to increase operating profit run rate with 10 focused streams to Peesieniis-current business Operanon 5/8/25 6 Business oriented growth initiatives Succeeding in our strategic priorities Other profitability driver Enabling initiatives Bo
Slide 7: Where do we stand
Aktia Q2/2025 Debt investor presentation Where do we stand g Key achievements so far Strong ownership and participation throughout the organisation; clear governance Increased traction through higher activity Renegotiation of partnership agreements Structural changes initiated, driving tangible tran
Slide 8: Business areas
Akt la 02/2025 Debt investor presentation 5/8/25 8 Business areas
Slide 9: Development of our wealth management business
Aktia Q2/2025 Debt investor presentation ‘Asset Management Banking Life Insurance 5/8/25 9 Development of our wealth management business continued in a challenging market * AuM increased in Q2 thanks to positive net AuM development subscriptions and market changes. EUR billion * Net subscriptions we
Slide 10: Loan book increased
Aktia Q2/2025 Debt investor presentation * Loan book increased by approx. EUR 80 million. * The total loan book margin and quality remained good. * Inthe corporate customer business, the strong growth continued in hire purchase and leasing financing. * The demand for investment solutions remained ve
Slide 11: Net income from life insurance 9% higher than last year
Akt la 02/2025 Debt investor presentation Asset Management Banking Life Insurance 5/8/25 n Net income from life insurance 9% higher than last year * Net income from life insurance increased thanks to good results from investment activities and investment contracts. * Sales of investment-linked insur
Slide 12: ESG
Aktia 2/2025 Debt investor presentation ESG
Slide 13: Sustainability-driven success for the leading wealth manager
Aktia Sustainability-driven success for the Q2/2025 Debt investor presentation leading wealth manager Prosperity & Planet People 5/8/25 13 = 2025 target achieved Principles of Governance Share of SFDR Article 8 and 9 classified funds Target: increase the share Q2/2025 98.2% (outer circle) Q1/2025 98
Slide 14: Financial overview
Financial *\ overview \ Aktia
Slide 15: Financial summary
Aktia Q2/2025 Debt investor presentation 5/8/25 15 Financial summary Q2/2024 A% Q1/2025 A% A% Total operating income 733 767 4% 735 0% 1468 154.0 -5% Net interest income 34.7 388 11% 35.2 1% 699 779 -10% Net commission income 30.3 30.8 2% 30.8 2% 611 61.0 0% Net income from life insurance 80 Th 9% 6
Slide 16: Composition of net interest income
Aktia Q2/2025 Debt investor presentation 5/8/25 16 Composition of net interest income EUR million 38.8 361 no 384 352 " 34.7 60 10 90-44 vW 19 04 4 13 + 15 415 -40 -90 02/2024 03/2024 04/2024 1/2025 2/2025 Lending Deposits ™ Covered bonds Senior financing Liquidity portfolio Liabilities to central b
Slide 17: Composition of net commission income
Akt la 2/2025 Debt investor presentation 5/8/25 7 Composition of net commission income EUR million 35 32.5 30.8 30.9 20 30.8 30.3 30 F 18 25 F 6.2 68 Other 20 F 46 39 Lending “ ™ Card, payment services and borrowing 15 ™ Asset management and securities brokerage = Mutual funds 10 + 5 ft (¢) Q2/2024
Slide 18: Balance sheet total EUR 12,174 million
Aktia Q2/2025 Debt investor presentation 5/8/25 18 Balance sheet total EUR 12,174 million Total assets EUR million 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1794 31 Dec 2024 12,174 1,839 30 Jun 2025 ™ Lending to the public and public sector entities = Liquidity portfolio Life insurance assets inc
Slide 19: Households account for the majority of lending and deposits
Aktia Q2/2025 Debt investor presentation 5/8/25 19 Households account for the majority of lending and deposits Lending to the public and public sector entities Deposits from the public and public sector entities 78; 59; 252; 115%; 1% 1% 6% ™ Households ™ Households Total 7,842 (7,177) EUR million To
Slide 20: Continued focus on cost control
Aktia Q2/2025 Debt investor presentation 5/8/25 20 Continued focus on cost control * Comparable operating expenses decreased by 1% compared to last year. * IT expenses increased by 6% due to continued investments in IT infrastructure, increased expenses in data-security, and due to inflation. * Depr
Slide 21: Credit loss provisions were EUR 3.2 million
Aktia Q2/2025 Debt investor presentation Credit loss provisions were EUR 3.2 million For the major part, our loan book consists of loans to households supported by residential or real estate collaterals. Credit losses increased slightly, mainly due to individual impairments on a small number of sepa
Slide 22: Credit ratings
The Debt ~~ Investment.ca Credit ratings Moody’s: A2 / P-1, stable, Covered Bonds: Aaa S&P: A- / A-2, stable
Slide 23: Funding activities
Aktia Q2/2025 Debt investor presentation Funding activities * The liquidity situation at Aktia remained very strong (LCR 272% at the end of Q2) and hence the funding activities were fairly subdued during the period. * In May, Aktia issued three new SEK private placement transactions altogether SEK 1
Slide 24: CET1 ratio was 12.8%
Aktia CET1 ratio was 12.8% and 4.1 percentage points above the regulatory requirement. The CET1 ratio increased during the H1 mainly as a result of the new CRR3 Capital Requirement Regulation. In the third quarter Aktia intends to switch from the F-IRB approach to the standardised Q2/2025 Debt inves
Slide 25: Other regulative requirements
Aktia Q2/2025 Debt investor presentation Other regulative requirements Aktia Bank Group's leverage ratio was 4.4% (Q4/2024 4.6%) as of 30 June 2025. * Tier 1 capital EUR 456.2 million * Total exposures EUR 10,2986 million On 25 March 2025 the Finnish Financial Stability Authority has updated the MRE
Slide 26: Sound funding profile
Akt la 02/2025 Debt investor presentation Sound funding profile * Borrowing from the public and public-sector entities was at EUR 4,160 (4,084) million. * The value of bonds issued by Aktia Bank totalled EUR 3,934.3 (Q4/2024: 3,937.3) million. ° Aktia has EMTCN program of EUR 6 billion. All market-b
Slide 27: Redemption schedule
Aktia Q2/2025 Debt investor presentation 5/8/25 27 Redemption schedule * Year 2025 does not Maturity profile 30 June 2025 include major redemptions 180 of issued bonds * Some of the maturing senior bond issues will be | financed with new issues - but changes in the = funding mix are possible. “ * Ne
Slide 28: High-quality liquidity reserve
Aktia Q2/2025 Debt investor presentation 5/8/25 28 High-quality liquidy reserve The Liquidity Coverage ratio (LCR) was 272% due to light redemption window and good liquidity situation. * The unencumbered assets in the Unencumbered Liquidity reserve, market value liquidity portfolio, which can be EUR
Slide 29: Low risk liquidity portfolio
Aktia Q2/2025 Debt investor presentation Low risk liquidity portfolio The liquidity portfolio consists of high-quality assets that can be used to meet liquidity requirements in stressed situations. Assets are: * LCR and ECB eligible covered and SSA notes * Commercial or Municipalities issued short t
Slide 30: Aktia Bank as covered bond issuer
Akt la 02/2025 Debt investor presentation 5/8/25 30 Aktia Bank as covered bond issuer Aktia Bank is issuing the Covered bonds as mortgage bank under the Finnish Covered bond legislation that came into effect on 8 July 2022 (Act on Mortgage Credit Banks and Covered Bonds (151/2022). (Pool 1) The legi
Slide 31: Cover pool
Aktia Q2/2025 Debt investor presentation Aktia Cover pool 1Q 2025 Pool 1(2023-) Pool 2 (2014-2022) Asset Pool Balance EUR 1,134 bin. (no substitute assets) EUR 1,170 bin. (no substitute assets) No of loans / average loan balance —_13,237/ EUR 85,690 16,813/ EUR 69,593 Types of loans First ranking re
Slide 32: Macro and Housing market update
mialtclace Macro and Housing market update Aktia
Slide 33: Economic sentiment
Akt la Q2/2025 Debt investor presentation 5/8/25 33 Economic sentiment Manufacturing industry Saldo 50 40 2012 2014 2016 2018 2020 2022 2024 — Outlook near future — Current situation Aktia, Macrobond, Confederation of Finnish Industries (EK). Construction Services Saldo Saldo V -3 -10 -36 P -59 2012
Slide 34: Current account has improved
5/8/25 34 Akt la 02/2025 Debt investor presentation Current account has improved Current account, Finland Billion euros, 12 month moving sum 100 75 50 35 25 A 00 -25 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Aktia, Macrobond, Statistics Finland.
Slide 35: Gross domestic product behind trend
Aktia Q2/2025 Debt investor presentation 5/8/25 35 Gross domestic product behind trend Finland, quarterly gross domestic product, 2015 prices Billion EUR 65 64 63 62 61 60 59 58 $7 56 55. 54 53 52 51 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —GDP —Trend 2015-2019 Aktia, Macrobond, Stati
Slide 36: Inflation back to low levels
Akt la 02/2025 Debt investor presentation 5/8/25 36 Inflation back to low levels Finland, annual change in consumer and producer price indecies Percent 35 35 30 30 25 25 20 20 5 15 10 10 ee a aN py. : ava TW ss 5 5 -10 -10 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 —Consum
Slide 37: Promising signs in the Labour market
Aktia Q2/2025 Debt investor presentation 5/8/25 37 Promising signs in the Labour market Job openings, latest observation 06/2025 Number, thousand 150 125 100 75 50 t i | | | il Ml | | | | | | | in i ul 2010 2011 2012 2013 2014 2015, 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Aktia, Macrobond,
Slide 38: Finnish household indebtedness decreasing
Aktia Q2/2025 Debt investor presentation 5/8/25 38 Finnish household indebtedness decreasing Finnish households' indebtedness rate Percent 140 130 120 aire) 100 90 80 70 60 50 40 30 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 202
Slide 39: Residential construction at lows
Aktia Q2/2025 Debt investor presentation 5/8/25 39 Residential construction at lows Residential construction activity Million m2, 12 month rolling sum 45 15 2015, 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —Completed —Starts — Permissions Aktia, Macrobond, Statistics Finland.
Slide 40: Some pick-up in real estate activity
Akt la 02/2025 Debt investor presentation 5/8/25 40 Some pick-up in real estate activity Number of real estate transactions, apartments Number of transactions, cumulative 60000 2021 50000 40000 20000 1 2 3 4 5 6 7 8 9 10 n 12 ‘Aktia, Macrobond, Statistics Finland,
Slide 41: Housing market has been challenging
Akt la Q2/2025 Debt investor presentation 5/8/25 41 Housing market has been challenging Annual change in prices of apartment blocks, 2025 Q2 Price index of old blocks' of flats Percent 45 -40 o 4 : 40 05 00 Three rooms+ on = Rest of Finland Index 2020 =100 2020 2021 2022 2023 2024 2025 —Rest of Finl
Slide 42: Housing market comparison
Akt la 02/2025 Debt investor presentation Housing market comparison Real House Prices (Price to income-ratio) Index 2010=100 134 Norway 130 Sweden 129 Germany 127 Denmark 100 79 Finland 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 «2020 = 2021 2022 2023 ©2024 ‘Aktia, Macrobond, BIS (The Bank fo
Slide 43: Building wealth for our customers and society
Lf TX in] a} Building wealth for our customers and society Timo Ruotsalainen, Head of Treasury +358 10 247 7211 timo.ruotsalainen@aktia.fi Aktia
Aktia Bank — Debt Investor Presentation (August 2025) on 6ix