KRAFT BANK (KRAB) investor relations material

Executive summary

• Focuses on refinancing for customers with financial challenges, aiming to improve their economic situation and help them return to mainstream banking.

• Net profit after tax for Q2 2026 was NOK 13.4 million, down from NOK 16.5 million in Q2 2025.

• Loan growth over the last 12 months was 6.4%, compared to 4.3% in the prior year.

• 2,846 customers have been rehabilitated since 2018, with 137 in the last quarter.

• The bank distributed the remaining dividend from the previous year's result, totaling 83% payout for 2025.

Financial highlights

• Net interest margin was 3.2% in Q2 2026, up from 3.1% in Q2 2025.

• Cost/income ratio increased to 54% from 48% year-over-year.

• Net loans to customers reached NOK 3,840 million, up from NOK 3,610 million.

• Net loan growth: 6.4% over the last 12 months, compared to 4.3% in 2025.

• Net profit after tax: 13.4 MNOK, down from 16.5 MNOK in the same period 2025.

Outlook and guidance

• Expects to return to a sustained return on equity above 15% in 2026.

• Year-end 2026 net loans expected in the range of 3.9–4.0 billion NOK.

• Nysalg (new loan sales) for 2026 is now expected at NOK 1.9 billion, up from the initial NOK 1.7 billion forecast.

• Cost development is expected to remain normal in 2026, with continued investments in IT and systems.