In the third quarter of 2025, Sparebanken Norge reported a pre-tax profit of NOK
2.303 million. The bank's reported return on equity was 14.5%.
 
"I am satisfied with the bank's performance, growth and development in the third
quarter. The return on equity is above target and capital adequacy is sound,"
says Jan Erik Kjerpeseth, CEO of Sparebanken Norge.

Strong lending growth to both retail and corporate customers 
Gross lending stood at NOK 474.2 billion (277.2) at the end of the third quarter
of 2025. Gross lending to retail customers was NOK 331.2 billion (211.1).
Underlying retail lending growth remains strong, supported by increased sales
capacity, improved performance, and stronger market growth.

Seen in isolation, lending through the Bulder concept amounted to NOK 72.1
(57.6) billion at the end of the quarter. Lending growth in the Bulder concept
amounted to NOK 14.5 (15.5) billion for the past 12 months and NOK 6.6 (1.5)
billion for the last quarter. Lending growth in Bulder was very strong in the
quarter. Interest rate changes from Norge's Bank, combined with increased
attention to banks and lending rates, have contributed positively. 

Gross lending to corporate customers amounted to NOK 143.0 billion (66.1). The
bank observes good customer activity across different industries and there is
good underlying demand for credit from corporate customers.

"Underlying lending growth across the Group's portfolio is strong. Our
year-to-date lending growth to both retail and corporate customers is the
highest among comparable banks, and we are very pleased with this performance
during a period in which we have also merged two large banks," says Jan Erik
Kjerpeseth.
 
Strong growth in deposits 
Customer deposits totaled NOK 221.8 billion (133.6) at the end of the third
quarter of 2025, comprising NOK 125.1 billion (77.4) from retail customers and
NOK 96.7 billion (56.2) from corporate customers.

Underlying retail deposit growth so far in 2025 is running at a higher level
than in previous years.
Within the Bulder concept, deposit volumes increased by NOK 5.7 billion (7.2)
over the past 12 months and by NOK 0.5 billion (0.7) in the quarter. An
increasing number of customers are using Bulder as their primary bank. Deposit
coverage within Bulder alone was 27.7% (24.8%) at quarter-end.

Underlying corporate deposit growth is influenced by price competition,
particularly on larger deposits. In addition, capital markets financing has
become relatively more attractive in recent quarters due to falling credit
spreads in the financial markets.

Low cost-to-income ratio despite merger expenses 
Operating expenses were NOK 990 million (NOK 435 million) in the third quarter
of 2025. Operating expenses as a percentage of net operating income were 29.4%
(21.4%). Costs related to the merger with Sparebanken Sør and Oslofjord
Sparebank amounted to approximately NOK 19 million in the quarter. 

"We are keeping the cost-to-income ratio low despite expenses related to the
merger", says Kjerpeseth. 

Continued low risk in the portfolio 
At the end of the quarter, retail customers accounted for approximately 70%
(76%) of the bank's credit portfolio. Loans secured by residential property made
up 99.6% (99.6%) of this portfolio. 

Non-performing and impaired loans to retail customers totalled NOK 797 million
(NOK 339 million), equivalent to 0.24% (0.16%) of gross lending to retail
customers, supporting the continued low risk in the portfolio.

Non-performing and impaired loans to corporate customers totalled NOK 2,587
million (NOK 943 million), equivalent to 1.81% (1.43%) of gross lending to
corporate customers. Sound portfolio management, close follow-up, and moderate
exposure to cyclical industries help to mitigate credit risk.

For retail and corporate customers combined, non-performing and impaired loans
represented 0.71% (0.46%) of total gross lending.

Solid capital position 
The bank's consolidated Common Equity Tier 1 (CET1) capital ratio was 18.1%
(18.0%) at the end of the quarter. In the quarter, the CET1 ratio decreased by
0,3 percentage points. The increase in the risk-weight floor for residential
mortgages, effective from 1 July 2025, reduces the CET1 ratio, but this effect
is partly offset by profit accumulation during the period. The redemption of
certain high-risk-weighted corporate exposures and a positive development in
credit risk within the corporate portfolio also contributed positively to the
CET1 ratio in the quarter.

The bank's current CET1 capital requirement is 14.9%, comprising a combined
minimum and buffer requirement of 14.0% and a regulatory Pillar 2 requirement of
0.9%. With a CET1 ratio of 18.1%, the bank had a margin of 3.2 percentage points
above the requirement at the end of the quarter. 

The Board of Directors has set a CET1 capital target of 16.0%, which includes a
margin of 1.1 percentage points above all minimum, buffer, and Pillar 2
requirements. At the end of the quarter, the bank had a margin of approximately
2.1 percentage points above this target.

"We are delivering an underlying strong return on equity combined with a solid
margin to regulatory capital requirements. Going forward, we plan to deploy
surplus capital for both growth and competitive dividends," says Kjerpeseth.

Third quarter 2025
o	Good return on equity of 14.5% (21.4%) in the quarter
o	Return on equity adjusted for merger effects of 16.5% in the quarter
o	Solid net interest income of NOK 2,760 million (NOK 1,574 million) in the
quarter
o	Good underlying development results in net commission income of NOK 452
million (NOK 267 million) in the quarter
o	Low cost-to-income ratio of 29.4% (21.4%) despite merger costs amounting to
approximately NOK 19 million in the quarter
o	Continued low write-downs on loans and guarantees of NOK 73 million (NOK 12
million) in the quarter 
o	Common Equity Tier 1 (CET1) capital ratio of 18.1% (18.0%), well above the
capital target of 16.0%
  
Sparebanken Norge presents its financial results for the third quarter of 2025
at 09:00 on Friday, 7 November 2025.
o	The presentation of the quarterly results can be followed here:
https://www.spv.no/om-oss/investor-relations/webcast
o	Questions related to the quarterly presentation may be sent to:
investorrelations@sbnorge.no
    
A recording of the presentation will be made available at the same link later on
7 November. An English-subtitled version will be available a few days later..  

For further information, please contact: 
o	Jan Erik Kjerpeseth, CEO, tel.: +47 951 98 430 
o	Hans Olav Ingdal, CFO, tel.: +47 948 09 328
o	Brede Borgen Kristiansen, Director Finance and Investor Relations, tel.: +47
479 06 402
o	Hanne Dankertsen, EVP Communications, tel.: +47 994 49 173

Sparebanken Norge is the largest savings bank in Norway, serving more than
800,000 retail and corporate customers, with gross lending of NOK 474 billion,
Norway's best mobile banking app, more than 1,600 full-time equivalents, and 67
branches across the country. Since 1823, we have built a strong position of
trust with our customers, giving us a solid market position. 

Through our affiliated product companies, we offer a complete range of financial
services for all our retail and corporate customers. We take pride in being an
independent financial group with headquarters in Bergen and Kristiansand,
playing a central role in much of the value creation taking place in Norway.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.