Financial Targets

Annual organic loan growth of at least 10 percent in the medium term. NOBA's total lending volume shall amount to SEK 250bn by the year 2030.

Adjusted cost-to-income ratio (C/I ratio) of below 20 percent in the medium term.

Core ROTE of approximately 30 percent in the medium term.

CET1 capital ratio in the range of 13-15 percent.

NOBA aims to distribute to its shareholders 40 percent of its adjusted core profit attributable to shareholders, through semi-annual dividends occurring in the second and fourth quarter of each year. The dividend paid in the fourth quarter will be resolved upon by an extraordinary general meeting and relate to the profit generated during the nine months period ended on 30 September that financial year. The dividend paid in the second quarter will be resolved upon by the annual general meeting and relate to the profit generated in the three months period ended on 31 December in the prior financial year.

In addition, to ensure that NOBA maintains a CET1 ratio within its CET1 target range it is NOBA’s intention to distribute excess capital to its shareholders.

Dividend proposals will take into account NOBA’s current and expected future earnings, financial condition, cash flows, net working capital requirements, capital expenditures and other factors. In addition, NOBA is subject to capital adequacy and leverage ratio requirements as well as liquidity requirements, pursuant to regulations applicable to credit institutions which may affect NOBA’s possibilities to pay dividends in the future.

The board of directors of NOBA does not intend to propose any dividend to be paid in the fourth quarter 2025. The inaugural dividend is expected to be proposed to the annual general meeting in 2026 and be based on adjusted core profit attributable to shareholders for the six months period ended on 31 December 2025.