SpareBank 1 Nord-Norge reports a pre-tax profit of NOK 2,178 million for the
first half of 2025. This is NOK 289 million higher than the same period in 2024.
The result is driven by solid performance from core operations, subsidiaries,
and associated companies. Adjusted for one-off costs in the quarter, underlying
expenses are down NOK 7 million from the previous quarter. 

- The picture remains consistent with what we've seen for quite some time now.
Things are going well in Northern Norway. Our corporate sector is strong, there
is virtually no unemployment, and we have very limited loan losses. When our
core operations are strong at the same time, our results will reflect the
region, says Group CEO Hanne Karoline Kræmer. 

The cost/income ratio for the first half is 31.7 percent. Despite one-off costs
of NOK 46 million, the cost/income ratio is 0.8 percentage points better than
the same period last year. Return on equity in Q2 is 20.3 percent and 18.9
percent for the first half, which is up 0.7 percentage points compared to the
same period last year. 

- I'm very pleased with these figures, especially the growth in lending,
particularly in the retail market. The annualized lending growth in the quarter
for the retail market was 9.3 percent, while total lending growth was 6.9
percent. The Group is competitive, growing, and gaining market share across all
areas, as evidenced by a total deposit growth of 25 percent, says Kræmer. 

Key Figures (Comparable to 2024 figures in brackets): 
o Pre-tax result: 2 178 MNOK (1 889 MNOK) 
o Return on equity: 18.9% (18,2%) 
o C/I-ratio: 31.7% (32.5%) 
o Loan losses: 27 MNOK (51 MNOK) 
o CET1: 16,2% (16.4%) 

Contact Persons at SpareBank 1 Nord-Norge: 
o CEO Hanne Karoline Kraemer, phone: +47 414 70 483 
o CFO Bengt Olsen, phone: +47 975 89 560 
o COS Stein Vidar Loftaas, phone: +47 951 26 5761 

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act. This stock exchange announcement was
published by Morten Tønder Albertsen, Head of Communications at SpareBank 1
Nord-Norge, on August 7, 2025 at 09:55 CET.