Slide 1: Investor Presentation August 2026
INVESTOR PRESENTATION AUGUST 2026 Financial information as at 30 June 2026
Slide 2: Instabank at a glance | A licensed Nordic digital bank
Instabank at a glance | A licensed Nordic digital bank Founded in 2016. A diversified, fully digital bank lending to consumers and small businesses across four markets, listed on Euronext Growth Oslo. FOUNDED 2016 10,105 10,004 LICENCE GROSS LOANS, NOKM CUSTOMER DEPOSITS, NOKM Norwegian bank Four pr
Slide 3: Q2-2026 | Record growth with operating leverage
Q2-2026 | Record growth with operating leverage Instabank delivered its strongest lending quarter to date while scaling profit, improving efficiency and releasing capital for further growth. 10,105 +938 62.2 39% 14.6% 17.3% Gross loans Q2 lending growth Profit before tax Cost/income ROE CET1 ratio M
Slide 4: Equity story | Proven, scalable, capitalised
Equity story | Proven, scalable, capitalised A proven earnings engine, a large addressable market, and capital headroom that funds near-term growth The engine is proven The runway is large Capital and capacity to 1 2 3 execute 37 consecutive profitable quarters, 62.2 Germany credit cards and Busines
Slide 5: The share | Valuation and market context
The share | Valuation and market context Key share data and valuation multiples at a closing price of NOK 5.00 on 25 August 2026, against reported Q2-2026 figures and the 2026 outlook. VALUATION AT NOK 5.00, 25 AUGUST 2026 Share price NOK 5.00 WHAT THE MULTIPLE IMPLIES Shares outstanding 464,819,739
Slide 6: Growth engines | Germany cards and Business lending
Growth engines | Germany cards and Business lending Two engines on one platform: German credit cards for scale, Business lending for margin. Germany credit cards Business lending for SMEs +393 1,091 3.6 1,104 17.5% 18.9 Q2 growth Loans PBT Loans Yield Q2 PBT MNOK in Germany MNOK MNOK MNOK average Q2
Slide 7: Germany | Europe's largest banking market
Germany | Europe's largest banking market One year after launch the German credit card business is the single largest contributor to growth and has turned profitable. GERMAN CREDIT CARDS — GROSS LOANS AND PRE-TAX PROFIT 2025 Q1-2026 Q2-2026 Launch NOK 698m NOK 1,091m Visa credit card, Europe’s large
Slide 8: Four products, one platform | Diversified by market, product and risk
Four products, one platform | Diversified by market, product and risk Two products generate the core earnings and two drive the growth — all four grew in the quarter. Mortgages Consumer loans Credit cards Business lending 3,902m 39% 3,499m 35% 1,600m 16% 1,104m 11% Gross loans Share Gross loans Shar
Slide 9: Gross lending and margin developments
Gross lending and margin developments
Slide 10: Gross loans development | Well diversified loan book
Gross loans development | Well diversified loan book Gross loans balance growth (MNOK) Key comments 938 ● Instabank continued to benefit from a well-diversified business model, 835 delivering growth across its priority products and segments 671 543 ● In the second quarter, Instabank delivered its hi
Slide 11: Yields and funding cost | Attractive margins
Yields and funding cost | Attractive margins Lending and liquidity yield, interest rate on deposits Key comments ● Highly attractive yield for business lending at 17.5 % and Credit Cards at 18.4 %. 18.1 18.2 % 18.4 % 18.0 17.8 % 17.7 % % 17.5 % 18.0 % 17.5 % 17.5 % ● The interest rate for mortgages
Slide 12: Funding and liquidity | Deposit-funded and self-sufficient
Funding and liquidity | Deposit-funded and self-sufficient Customer deposits fund the entire loan book, raised directly across four markets and supported by a liquidity portfolio of NOK 1.8bn. BALANCE SHEET AT 30 JUNE 2026 · NOKm 10,004 CUSTOMER DEPOSITS, NOKM Funded by +NOK 1,062m in Q2 · +28% LTM
Slide 13: Profitability, risk and capital
Profitability, risk and capital
Slide 14: 37 consecutive quarters with profits
37 consecutive quarters with profits PROFIT AFTER TAX (NOKM) & RETURN ON EQUITY:
Slide 15: Operating leverage | Income growth outpaces cost growth
Operating leverage | Income growth outpaces cost growth Operating leverage is intact: income is growing faster than costs, lifting profit and lowering cost/income. Total income and expenses (MNOK) +42% +25% 39% Income growth Cost growth Cost/income 204 YoY YoY down 5 pp 144 ● Income grew by 60 MNOK
Slide 16: Total income | High growth in income
Total income | High growth in income Total income (MNOK) Key comments 204.5 175.5 179.5 156.3 144.1 ● Total income in Q2 2026 was 204.5 MNOK, an increase of 60.4 MNOK/ 42 % from the same quarter last year ● Total interest income increased by 62.2 MNOK from the same quarter last year to 264.6 MNOK in
Slide 17: Operating expenses | Economy of scale
Operating expenses | Economy of scale Operating expenses breakdown (MNOK) Key comments 80.3 74.3 3.1 64.2 66.1 67.3 4.0 ● Operating expenses reached 80.3 MNOK, an increase of 16.1 MNOK 3.1 2.7 3.2 25.4 30.5 from the same quarter last year, representing a 25 % growth versus the 22.2 23.4 23.5 growth
Slide 18: Credit risk | Mortgages represent low credit risk
Credit risk | Mortgages represent low credit risk Impairment losses (MNOK) Key comments 80.0 10.0 % 61.5 62.0 ● Loan losses amounted to 62.0 MNOK, or 2.6 % , an increase of 11.0 54.7 8.0 % 60.0 51.0 49.7 MNOK from the same quarter last year, driven by portfolio growth while 6.0 % the loss ratio rema
Slide 19: Risk and capital | Growth with headroom
Risk and capital | Growth with headroom The book grew 10.2 % in the quarter while the loss ratio stayed broadly stable, and the SREP decision improved capital headroom. 2.6% 62.0 17.3% 3.1pp ~141 ~95 Loan loss ratio Loan losses CET1 ratio CET1 headroom Capital released CET1 released stable MNOK Q2-2
Slide 20: Capital allocation | Growth first, then distribution
Capital allocation | Growth first, then distribution How the capital released by the SREP decision is put to work, and what it implies for distribution capacity. CET1 CAPITAL AT 30 JUNE 2026 · NOKm 1 Growth has the first call 1,220 CET1 capital Lending growth consumes roughly 10 øre of CET1 per kron
Slide 21: Strategy and ambitions
Strategy and ambitions
Slide 22: Product strategy | Expansion and diversification
Product strategy | Expansion and diversification From a specialised consumer finance bank to a focused commercial bank — new products and markets added in every phase. Specialised consumer finance Diversification and scale-up Focused commercial bank 2016–2017 2018–2019 2020–2021 2022–2024 2025 2026–
Slide 23: Financials | Guiding as per Q2-26
Financials | Guiding as per Q2-26 Outlook for 2026 and the mid-term strategic ambition. Outlook 2026 Strategic ambition mid-term Profit after tax Strong improvement in profits NOK 160–185 m > NOK 400 m Among the better Proof of success Return on equity Strong improvement in performance ~ 15 % > 20 %
Slide 24: Key takeaways | Proven, focused and funded
Key takeaways | Proven, focused and funded Growth, profitability and capital strength — proven in Q2 and funding the next phase. Proven profitable platform 37 profitable quarters, record Q2 PBT and cost/income at 39%. 1 Two focused growth engines Germany credit cards and Norwegian SME lending are th
Slide 25: Appendix supporting detail
Appendix supporting detail
Slide 26: Product performance | Credit Cards
Product performance | Credit Cards HIGHLIGHTS GROSS LOANS (MNOK) GROWTH (MNOK) YIELD • The Credit Cards business in total grew by 455 MNOK in the quarter, the Q2 Growth largest contribution from any single product area. 1,600 + 455 • Some 42 % of Instabank’s total record-high organic growth came fro
Slide 27: Product performance | Consumer loans
Product performance | Consumer loans HIGHLIGHTS GROSS LOANS (MNOK) GROWTH (MNOK) YIELD • Consumer loans experienced increased demand and grew by 365 Q2 Growth MNOK in the quarter to 3,499 MNOK, representing 35 % of total 3,499 + 365 11.9 % lending. • Representing highly automated credit process and
Slide 28: Product performance | Mortgages
Product performance | Mortgages HIGHLIGHTS GROSS LOANS (MNOK) GROWTH (MNOK) YIELD Q2 Growth • Mortgages continued to deliver strong profitability, driven by attractive yields, low risk, and lower capital allocation than other lending products. 3,902 + 41 8.2 % • The mortgages volume increased by 41
Slide 29: Product performance | Business lending
Product performance | Business lending HIGHLIGHTS GROSS LOANS (MNOK) GROWTH (MNOK) YIELD • Business lending continued to grow in the quarter, with gross lending Q2 Growth increasing by 77 MNOK to 1,104 MNOK, accounting for 11 % of total 1,104 + 77 17.5 % lending. • The segment has delivered the high
Slide 30: Regulatory Capital | Solid capital adequacy
Regulatory Capital | Solid capital adequacy DEVELOPMENTS IN CAPITAL ADEQUACY RATIOS: KEY COMMENTS: 24.1 % 25.4 % 22.9 % 23.6 % 22.1 % • By the end of the quarter, the Norwegian FSA (NFSA) issued its final SREP decision, 3.2 % 3.7 % 3.4 % 2.4 % 3.0 % easing Instabank's capital requirements. 2.3 % 2.7
Slide 31: 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 32: 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 33: The share | Oslo Euronext Growth, ticker INSTA
The share | Oslo Euronext Growth, ticker “INSTA” Top 20 shareholders (Per August 28th, 2026) Share price development (last 12 months) # Shareholders # of shares % 1 KISTEFOS AS 110,304,326 23.7% 2 HODNE INVEST AS 40,995,184 8.8% 3 VELDE HOLDING AS 32,500,000 7.0% 4 BIRKELUNDEN INVESTERINGSSELSKAP AS
Slide 34: Income statement & Balance sheet | Overview
Income statement & Balance sheet | Overview INCOME STATEMENT (NOK THOUSAND) BALANCE SHEET (NOK THOUSAND) P&L Q2-26 Q1-26 FY 2025 Q4-25 Q3-25 Q2-25 Balance Sheet 30.06.26 31.03.26 31.12.25 30.09.25 30.06.25 Total income: Assets Interest Income 264,579 235,770 856,721 243,630 223,537 202,345 Loans and
Slide 35: Instabank is the Nordic challenger bank for corporate and private customers
Instabank is the Nordic challenger bank for corporate and private customers. Founded in 2016.