Alisa Bank PLC

Management Reports • Dec 16, 2024

Inside information, profit warning: Alisa Bank brings down the outlook for 2024

Inside information, profit warning: Alisa Bank brings down the outlook for 2024

ALISA BANK PLC STOCK EXCHANGE RELEASE, INSIDER INFORMATION 16.12.2024 AT 15.35
EET

Alisa Bank brings down the outlook for 2024. The prolonged uncertainty in the
operating environment and weak overall economic development are weakening the
company's profit performance. Growth in business financing has fallen short of
targets due to a decrease in the utilization rate of factoring limits and a
general decline in the demand for financing.

In the second half of the year, the relative profitability of the balance sheet
has improved; however, due to the unfavorable development in financing volumes,
the bank's income is expected to remain close to last year's level.
Consequently, the profit forecast is weaker than previously anticipated.

New outlook for 2024

The prolonged uncertainty in the operating environment is expected to weaken
profit performance in 2024. Income is estimated to remain close to the 2023
level, and the operating profit before non-recurring items and taxes for the
2024 financial year is estimated to be between -0.4 and 0.2 million euros.

The group's total capital adequacy ratio is expected to exceed 16 percent at the
end of the 2024 financial year.

Previous outlook for 2024, that was published in connection with the half year
financial report

The prolonged uncertainty of the operating environment, the decline in interest
rates and delay in strengthening the company's capital structure continues to
challenge the financial performance in 2024.

When the financial goals of the combination with PURO Finance Ltd are fully
realised both on the income and expenses side, total income will increase in
2024 compared to 2023 and profit before one-off items and taxes for the
financial year 2024 is estimated to be slightly profitable (EUR 0.5-1.5
million).

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

Further information

Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555
9035

Alisa Bank in brief

Alisa Bank (https://www.alisapankki.fi/) Plc is a financial technology company
that provides seamless banking services through digital channels. We serve SME
customers, deposit customers seeking competitive interest returns on their
deposits and partners. Together with our partners, we offer integrated banking
services in the channels where customers carry out their daily business. Alisa
Bank Plc's shares are listed on the main list of Nasdaq Helsinki (ALISA), and it
holds a license granted by the Financial Supervisory Authority.
www.alisabank.com