Note 2 Segment information
Management has assessed which segments are appropriate for reporting purpose in relation to governance and control. Following the merger, the segment structure has changed, and as from the second quarter of 2025 the segments are divided into Corporate market, Retail market, Bulder, Real estate, and Brage Finans. Operating expenses are directly allocated, except IT costs, staff-related expenses, and depreciation. Net interest income is allocated based on an internally calculated transfer rate derived from 3-month NIBOR.
GROUP
| Banking operations | |||||||
|---|---|---|---|---|---|---|---|
| 01.01- 30.09.26 | Corporate market | Retail market | Bulder | Real estate | Brage Finans | Not allo- cated by segment | Total |
| Income statement | |||||||
| Net interest income | 2,252 | 2,776 | 264 | 2 | 840 | 1,700 | 7,833 |
| Other operating income | 410 | 593 | 36 | 466 | -29 | 559 | 2,035 |
| Operating expenses | -195 | -411 | -98 | -420 | -223 | -1,786 | -3,133 |
| Loss | -125 | -22 | 7 | 0 | -93 | 0 | -233 |
| Pre-tax profit | 2,342 | 2,935 | 210 | 48 | 494 | 473 | 6,502 |
| Tax expense | -1,042 | ||||||
| Profit for the period | 5,460 | ||||||
| 30.09.26 | |||||||
|---|---|---|---|---|---|---|---|
| Balance sheet | |||||||
| Net lendings | 118,674 | 281,343 | 77,861 | 0 | 33,364 | 0 | 511,242 |
| Deposits | 72,604 | 116,201 | 23,978 | 0 | 0 | 20,641 | 233,425 |
| Banking operations | |||||||
|---|---|---|---|---|---|---|---|
| 01.01- 30.09.25 | Corporate market | Retail market | Bulder | Treasury | Real estate | Not allo- cated by segment | Total |
| Income statement | |||||||
| Net interest income | 2,060 | 2,560 | 304 | 2 | 423 | 1,308 | 6,658 |
| Other operating income | 340 | 451 | 35 | 400 | -14 | 674 | 1,887 |
| Operating expenses | -139 | -396 | -101 | -336 | -113 | -1,341 | -2,427 |
| Loss | -254 | 29 | -12 | 0 | -26 | 0 | -263 |
| Pre-tax profit | 2,007 | 2,644 | 226 | 67 | 269 | 641 | 5,854 |
| Tax expense | -1,030 | ||||||
| Profit for the period | 4,824 | ||||||
| 30.09.25 | |||||||
|---|---|---|---|---|---|---|---|
| Balance sheet | |||||||
| Net lendings | 110,560 | 260,548 | 72,025 | 0 | 29,323 | 0 | 472,456 |
| Deposits | 78,132 | 110,184 | 19,936 | 0 | 0 | 13,576 | 221,827 |
| Banking operations | |||||||
|---|---|---|---|---|---|---|---|
| 2025 | Corporate market | Retail market | Bulder | Real estate | Brage Finans | Not allo- cated by segment | Total |
| Income statement | |||||||
| Net interest income | 2,924 | 3,965 | 409 | 4 | 687 | 1,411 | 9,400 |
| Other operating income | 509 | 639 | 53 | 533 | -24 | 894 | 2,604 |
| Operating expenses | -195 | -444 | -137 | -481 | -199 | -2,126 | -3,582 |
| Loss | -274 | 25 | -20 | 0 | -43 | 0 | -312 |
| Pre-tax profit | 2,964 | 4,184 | 305 | 56 | 422 | 179 | 8,110 |
| Tax expense | -1,536 | ||||||
| Profit for the period | 6,574 | ||||||
| 31.12.25 | |||||||
|---|---|---|---|---|---|---|---|
| Balance sheet | |||||||
| Net lendings | 113,014 | 266,933 | 75,619 | 0 | 30,176 | 0 | 485,743 |
| Deposits | 78,361 | 111,274 | 20,282 | 0 | 0 | 15,723 | 225,640 |