Lån & Spar Bank (LASP) investor relations material

Business model and footprint

• Retail-focused bank with 621 employees, 25 advisory centres across Denmark and Sweden, and 3% share of Denmark’s retail banking market.

• Partnerships with 50+ professional organisations support customer acquisition, member benefits and long-term relationships.

• Swedish branch serves ~50,000 customers through digital channels and partners; focus on unsecured consumer loans, automated credit processes and simple products.

Financial performance

• H1 2026 pretax profit was DKK 276m; FY2025 was DKK 537m. Pretax profit doubled over the period highlighted in the presentation.

• H1 2026 net profit was DKK 212m; FY2026 net profit was forecast at DKK 300m–400m.

• H1 2026 loan impairment charges were DKK -1m, with a 0.0% impairment ratio; basis income before impairments was DKK 263m.

• At 30 June 2026, loans were DKK 20.0bn, deposits DKK 36.6bn and equity DKK 3.7bn; equity return after tax was 11.5% p.a. in H1 2026.

Credit and market risk

• At 30 June 2026, credit exposure totalled DKK 51.6bn, primarily Danish retail customers at DKK 25.6bn and central bank balances at DKK 16.9bn.

• Danish retail exposures had high credit quality: 95% were in rating classes 5–10; non-performing exposures were DKK 39m, or 0.2%.

• Business exposures totalled DKK 4.0bn, with no single customer exposure above 10% of core capital; most exposures were in normal or stronger rating categories.

• Market risk was mainly interest-rate risk from Danish mortgage bonds; the DKK 5.5bn bond portfolio consisted of government and mortgage bonds, primarily with low duration.