SPAREBANK 1 ØSTFOLD AKERSHUS (SOAG) CMD 2025 summary

Financial performance and targets

• Return on equity reached 14.7% in H1 2025, exceeding the ≥11% target.

• Common equity tier 1 ratio at 19.61%, above the 16.07% target.

• Dividend payout remains at approximately 50% of group profit.

• Pre-tax profit and ordinary operating profit show year-on-year growth.

• Cost-to-income ratio improved to 38.4% in Q2 2025.

Lending, deposits, and portfolio quality

• Lending growth in the private market was 4.7% and 6.9% in the corporate market for H1 2025.

• Loan portfolio remains dominated by the private market (75.6%).

• Low loan losses and low default rates continue.

• Portfolio quality remains high with low non-performing loans in both segments.

Strategic direction and market outlook

• Strategy focuses on growth above market rate, with ongoing investments and organizational alignment.

• Strong competition is expected, but ambitions remain to gain market share.

• CRR3 regulatory changes provide a positive capital effect and new opportunities.

• Expectation to deliver on the 11% return on equity target for the year.