Sparebanken Norge reported a pre-tax profit of NOK 2,303 million in the third quarter of 2025, with a return on equity of 14.5%. CEO Jan Erik Kjerpeseth highlighted the bank’s strong performance, robust growth, and solid capital adequacy during the period.

Lending Growth
Gross lending reached NOK 474.2 billion, supported by growth across both retail and corporate customers. Retail lending stood at NOK 331.2 billion, while corporate lending rose to NOK 143.0 billion. Lending under the Bulder concept amounted to NOK 72.1 billion, with quarterly growth of NOK 6.6 billion. The bank noted strong underlying demand, supported by improved sales capacity and market conditions.

Deposit Growth
Customer deposits totaled NOK 221.8 billion, comprising NOK 125.1 billion from retail clients and NOK 96.7 billion from corporate clients. The Bulder segment saw deposit growth of NOK 0.5 billion in the quarter, with increasing adoption of Bulder as primary banking by customers.

Cost Management and Efficiency
Operating expenses were NOK 990 million, representing 29.4% of net operating income, despite merger-related costs of approximately NOK 19 million. The bank emphasized maintaining a low cost-to-income ratio while integrating Sparebanken Sør and Oslofjord Sparebank.

Asset Quality
The retail portfolio accounted for 70% of total credit, with 99.6% secured by residential property. Non-performing and impaired loans remained low at 0.24% for retail and 1.81% for corporate customers. Overall, impaired loans represented 0.71% of total gross lending, reflecting continued low risk in the portfolio.

Capital Position
Sparebanken Norge maintained a strong Common Equity Tier 1 (CET1) ratio of 18.1%, well above the regulatory requirement of 14.9% and the board’s target of 16.0%. The CET1 ratio benefited from profit accumulation and positive credit risk developments, despite regulatory changes increasing the risk-weight floor for residential mortgages.

Key Financial Highlights Q3 2025:

• Pre-tax profit: NOK 2,303 million
• Return on equity: 14.5% (16.5% adjusted for merger effects)
• Net interest income: NOK 2,760 million
• Net commission income: NOK 452 million
• Operating expenses: NOK 990 million
• Cost-to-income ratio: 29.4%
• Write-downs on loans and guarantees: NOK 73 million
• CET1 ratio: 18.1%

Sparebanken Norge serves over 800,000 retail and corporate customers across Norway, offering a full range of financial services through more than 67 branches and its highly rated mobile banking app. The bank emphasizes strong underlying performance, disciplined capital management, and a focus on growth and competitive dividends.

For more information, contact:

• Jan Erik Kjerpeseth, CEO: +47 951 98 430
• Hans Olav Ingdal, CFO: +47 948 09 328
• Brede Borgen Kristiansen, Director Finance & Investor Relations: +47 479 06 402
• Hanne Dankertsen, EVP Communications: +47 994 49 173