Lea Bank AB reports Q1 profit before tax of SEK 27.7 million

08 May 2025 07:30 CEST

Lea Bank AB reported a profit before tax of SEK 27.7 million for Q1 2025. Gross
loans amounted to SEK 7,890 million, an increase of SEK 291 million in the
quarter. Equity at the end of the quarter was SEK 1,462 million.

This was the first quarter reporting as a Swedish bank. According to CEO
Oddbjørn Berentsen, the team of Lea Bank has successfully completed several key
activities during the quarter:

· Listing Nasdaq Stockholm
· Build-up of HQ in Gothenburg
· Operations moved from Oslo to Gothenburg
· Conversion to SEK (core ledger system, financial reporting etc.)
· Credit Card connected to Visa, with Google Pay and Apple Pay
· Launched Deposits in Finland
· Dividend proposal of SEK 1.80 per share (subject to approval by the AGM)

Highlights of Q1 2025:

· Profit before tax SEK 27.7 million (after tax SEK 21.1 million)
· Net interest income of SEK 136.7 million
· Gross loan portfolio of SEK 7.9 billion
· Cost-income ratio (C/I) of 36.2%
· Book equity per share of SEK 14.75

Lea Bank will present the results for the 1st quarter of 2025 today at 09:30 AM.

The presentation will be held through a Webcast with CEO Oddbjørn Berentsen, CFO
Gard Haugen and Chief of Credit Risk Christian Svendsen.

To participate in the Webcast, please click on the following link:

https://www.youtube.com/watch?v=GAfxlEbBuHc (https://eur02.safelinks.protection.
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Contact information:

Oddbjørn Berentsen, CEO

Tel: +46 8 509 285 00

Email: ir@leabank.se

More information:
Access the news on Oslo Bors NewsWeb site

645670_Q1_2025_Results_Report_EN.pdf
645670_Q1_2025_Results_Presentation.pdf