Explanation of key figures/alternative performance measures – group
| Net interest margin (as a percentage of average total assets) | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
|---|---|---|---|---|---|
| Net interest as shown in the income statement | 2,664 | 2,760 | 7,833 | 6,658 | 9,400 |
| Adjustment for interest on hybrid capital recognised directly in equity | -89 | -82 | -258 | -198 | -278 |
| Net interest used in relevant key figure | 2,574 | 2,678 | 7,575 | 6,460 | 9,123 |
| Average total assets | 601,928 | 568,710 | 590,758 | 459,872 | 489,016 |
| Number of days in the period | 365/92 | 365/92 | 365/273 | 365/273 | 365/365 |
| Net interest margin | 1.70 % | 1.87 % | 1.71 % | 1.88 % | 1.87 % |
| Net other operating income as a percentage of net operating income | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
| Net other operating income as presented in the income statement | 615 | 606 | 2,035 | 1,887 | 2,604 |
| Net operating income as presented in the income statement | 3,279 | 3,366 | 9,868 | 8,544 | 12,004 |
| Adjustment for interest on hybrid capital recognised directly in equity | -89 | -82 | -258 | -198 | -278 |
| Net operating income adjusted for interests on hybrid capital | 3,189 | 3,284 | 9,610 | 8,347 | 11,727 |
| Net other operating income as a percentage of net operating income | 19.3 % | 18.4 % | 21.2 % | 22.6 % | 22.2 % |
| Operating expenses as a percentage of net operating income (cost-income) | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
| Total operating expenses as presented in the income statement | 1,044 | 990 | 3,133 | 2,427 | 3,582 |
| Net operating income | 3,279 | 3,366 | 9,868 | 8,544 | 12,004 |
| Operating expenses as a percentage of net operating income (cost-income) | 31.8 % | 29.4 % | 31.8 % | 28.4 % | 29.8 % |
| Operating expenses as a percentage of net operating income adjusted for financial instruments | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
| Total operating expenses as presented in the income statement | 1,044 | 990 | 3,133 | 2,427 | 3,582 |
| Net operating income | 3,279 | 3,366 | 9,868 | 8,544 | 12,004 |
| Adjustment for financial instruments as presented in the income statement | 3 | -32 | -187 | -323 | -360 |
| Net operating income adjisted for financial instruments | 3,281 | 3,334 | 9,681 | 8,222 | 11,645 |
| Operating expenses as a percentage of net operating income adjusted for financial instruments | 31.8 % | 29.7 % | 32.4 % | 29.5 % | 30.8 % |
| Return on equity | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
| Profit after tax as presented in the income statement | 1,677 | 1,796 | 5,460 | 4,824 | 6,574 |
| Adjustment for interest on hybrid capital recognised directly in equity | -89 | -82 | -258 | -198 | -278 |
| Profit attributable to non-controlling interests | -40 | -31 | -124 | -54 | -83 |
| Profit after tax adjusted for interest on hybrid capital and non-controlling interests | 1,548 | 1,683 | 5,078 | 4,573 | 6,213 |
| Average equity excluding hybrid capital and non-controlling interests | 48,434 | 46,200 | 47,687 | 36,215 | 39,140 |
| Number of days in the period | 365/92 | 365/92 | 365/273 | 365/273 | 365/365 |
| Return on equity | 12.7 % | 14.5 % | 14.2 % | 16.9 % | 15.9 % |
| Return on Equity Adjusted for Merger Effects ("RoTE") | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
| Profit after tax adjusted for interest on hybrid capital and non-controlling interests (see ROE) | 1,548 | 1,683 | 5,078 | 4,573 | 6,213 |
| Amortisation of intangible assets related to the merger in 2025 | 44 | 40 | 132 | 67 | 115 |
| Tax effect of amortisation of intangible assets related to the merger in 2025 | -11 | -10 | -33 | -17 | -29 |
| Profit for the calculation of return on equity adjusted for merger effects ("RoTE") (A) | 1,581 | 1,714 | 5,177 | 4,623 | 6,300 |
| Average equity excluding hybrid capital and minority interests in the ROE calculation | 48,434 | 46,200 | 47,687 | 36,215 | 39,140 |
| Intangible assets resulting from the merger in 2025 (average) | -5,459 | -5,480 | -5,503 | -3,052 | -3,657 |
| Deferred tax related to intangible assets resulting from the merger in 2025 (average) | 425 | 463 | 436 | 259 | 307 |
| Denominator for the return on equity adjusted for merger effects ("RoTE") (B) | 43,400 | 41,183 | 42,620 | 33,422 | 35,790 |
| Number of days in the period | 365/92 | 365/92 | 365/273 | 365/273 | 365/365 |
| Return on equity adjusted for merger effects ("RoTE") (A/B annualised) | 14.5 % | 16.5 % | 16.2 % | 18.5 % | 17.6 % |
| Earnings per equity certificate | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
| Profit after tax adjusted for interest on hybrid capital (see above) | 1,548 | 1,683 | 5,078 | 4,573 | 6,213 |
| Weighted average equity ratio before profit allocation | 40.9 % | 40.4 % | 41.0 % | 40.5 % | 40.5 % |
| Average number of outstanding equity certificates during the year | 173,193,418 | 169,280,312 | 173,218,342 | 143,108,501 | 150,092,519 |
| Earnings per equity certificate | 3.66 | 4.01 | 12.00 | 12.95 | 16.78 |
| Lending growth, past 12 months | Q3 26 | Q3 25 | 2025 |
|---|---|---|---|
| Gross lending (period-end) | 513,217 | 474,216 | 487,477 |
| Gross lending 12 months ago | 474,216 | 277,204 | 283,174 |
| Change over the past 12 months | 8.2 % | 71.1 % | 72.1 % |
| Deposit growth, past 12 months | Q3 26 | Q3 25 | 2025 |
| Deposits from customers (period-end) | 233,425 | 221,827 | 225,640 |
| Deposits from customers 12 months ago | 221,827 | 133,614 | 135,128 |
| Change over the past 12 months | 5.2 % | 66.0 % | 67.0 % |
| Deposit coverage | Q3 26 | Q3 25 | 2025 |
| Net loans to customers | 511,242 | 472,456 | 485,743 |
| Customer deposits | 233,425 | 221,827 | 225,640 |
| Deposit coverage (deposits as percentage of lending) | 45.7 % | 47.0 % | 46.5 % |
| Loss and default on loans | Q3 26 | Q3 25 | 2025 |
| Gross lending at the balance sheet date | 513,217 | 474,216 | 487,477 |
| Loan losses for the period | 233 | 263 | 312 |
| Loan losses | 365/273 | 365/273 | 365/365 |
| Loan losses as a percentage of gross lending (period-end) | 0.06 % | 0.07 % | 0.06 % |
| Gross lending at the balance sheet date | 513,217 | 474,216 | 487,477 |
| Non-performing exposures (NPEs) (>90 days) | 1,395 | 1,532 | 1,331 |
| NPEs (>90 days) as a percentage of gross lending (period-end) | 0.27 % | 0.32 % | 0.27 % |
| Gross lending at the balance sheet date | 513,217 | 474,216 | 487,477 |
| Credit-impaired exposures | 4,807 | 3,384 | 3,272 |
| Credit-impaired exposures as a percentage of gross lending (period-end) | 0.94 % | 0.71 % | 0.67 % |