Alisa Bank PLC

Management Reports • Oct 24, 2023

Inside information, profit warning: Alisa Bank brings down the outlook for 2023 in terms of income development

Inside information, profit warning: Alisa Bank brings down the outlook for 2023 in terms of income development

ALISA BANK PLC STOCK EXCHANGE RELEASE 24.10.2023 AT 15.10 EEST

Alisa Bank brings down the outlook for 2023 in terms of income development. Due
to the unfavorable market situation, the procedures aimed at strengthening the
capital structure have not progressed on schedule. Lending has been limited
considering the bank's capital adequacy target. In addition, the growth of the
loan portfolio has been limited by prudence in lending related to the weakened
economic situation, especially for business customers. Due to the limited
development of the loan portfolio, the bank's income will not increase in the
second half of the year from the level of the first half, as was estimated in
previous outlook.

New outlook for 2023:

In 2023, we aim for profitable growth. We increase the bank's loan portfolio
under the conditions of profitability and capital adequacy, taking into account
the uncertainty of the financial situation in lending. Our growth is supported
by more comprehensive banking services for our customers and our digital
services that create differentiation. The general rise in interest rates
continues to support the improvement of our profitability.

During the second half of 2023, the bank's income is estimated to decrease from
the level of the first half of 2023. The profit before non-recurring items is
estimated to be positive in 2023.

The target for the group's total capital adequacy ratio is 16 percent.

Previous outlook for 2023, that was published in connection with the half year
financial report 18.8.2023:

In 2023, we aim for profitable growth. We increase the bank's loan portfolio
under the conditions of profitability and capital adequacy, taking into account
the uncertainty of the financial situation in lending. Our growth is supported
by more comprehensive banking services for our customers and our digital
services that create differentiation. The general rise in interest rates
continues to support the improvement of our profitability.

During the first half of 2023, we reached a positive profit level. In the second
half of 2023, the bank's profits are estimated to increase from the level of the
first half of 2023. The result before non-recurring items is estimated to be
positive in 2023. The target for the group's total capital adequacy ratio is 16
percent. The aim is to strengthen the company's own capital during the second
half of 2023.

Further information

Teemu Nyholm, CEO, Alisa Bank Plc

teemu.nyholm@alisapankki.fi

Tel. +358 50 577 1028

Alisa Bank in brief

Alisa Bank Plc is a Finnish digital bank that helps both personal and business
customers to manage their day-to-day finances in a flexible and straightforward
manner. For savers, we offer an attractive interest
rate (https://www.alisapankki.fi/henkiloasiakas/saastotili) on deposits. Alisa
Bank Plc is regulated by the Financial Supervisory Authority of Finland and
listed on Nasdaq Helsinki's main list (ALISA). www.alisabank.com