+0.6 mil NR OF UK PAYMENTS +19,500 BANK CUSTOMERS +351 EURm DEPOSITS +65 EURm FUNDS +128 EURm LOANS

Strong quarter in bank's business volumes, funds earned performance fee

Financial results, EURt	9 quarters	Q4-21	Q3-21	A quarter
Net interest income		28.163	25,857	+2,306
Net fee and commission income		15,251	9,981	+5,270
Other income	-----------	-737	265	-1,002
Total revenue	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	42,677	36,103	+6,575
Total expenses		18,247	15,251	+2,996
Earnings before impairment		24.431	20,852	+3,579
Impairment losses on loans		1,694	1,444	+250
Income tax expense		3.395	2.819	+576
Net income		19,342	16,589	+2,753
Business volumes, EURm	9 quarters	Q4-21	Q3-21	△ quarter
Deposits from customers		5,808	5,457	+351
Loans (net)		2,677	2,549	+128
Assets under management		1,349	1,284	+65
Customers, thous.		513	488	+24
Fin. intermediaries' payments, thous. pcs		7,343	6,696	+648
Key figures	9 quarters	Q4-21	Q3-21	△ quarter
Cost / income ratio (C/I)		42.8%	42.2%	+ 0.5 pp
pre-tax ROE*	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	30.1%	28.4%	+ 1.8 pp
ROE*	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	25.7%	24.3%	+ 1.4 pp

Financial results, EURt	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Total revenue, incl.		17,831	140.379	103,547	131,500	+8,879
Net interest income		10,918	97,319	68,492	95,100	+2,219
Net fee and commission income		6.868	43.478	33.351	36.129	+7,349
Total operating expenses		6.151	65,183	43,975	61,273	+3,910
Earnings before impairment		11,680	75,197	59,572	70,227	+4,969
Impairment losses on loans		1,586	3.948	10,898	6,357	-2,409
Income tax		1,410	10,986	8,827	10.019	+966
Net profit, incl.		8,685	60,263	39,847	53,851	+6,412
attr. to shareholders		8,519	58,261	37,950	51,801	+6,461
Business volumes, EURm	13 months	Dec-21	YTD21	YTD20	FP YTD	A YTD FP
Deposits from customers		5,808	5,808	4,120	5,076	+732
Loans (net)		2.677	2.677	2,209	2.619	+58
Assets under management		1,349	1,349	1.537	1,354	-5
Fin. intermediaries' payments, thous. pcs		2,261	27.401	16,145	na	na
Key figures	13 months	Dec-21	YTD21	YTD20	FP YTD	A YTD FP
Cost / income ratio (C/I)		34.5%	46.4%	42.5%	46.6%	- 0.2 pp
Net interest margin (NIM)		1.9%	1.6%	1.9%	1.6%	- 0.0 pp
pre-tax ROE*		37.3%	24.9%	20.5%	22.5%	+ 2.4 pp
ROE*		32.2%	21.1%	17.3%	19.0%	2.1 pp +
ROA		1.5%	1.0%	1.1%	0.9%	0.1 pp +

Very good quarterly growth

Financial results, EURt	9 quarters	Q4-21	Q3-21	△ quarter
Net interest income		28,322	25,271	+3,051
Net fee and commission income		10,531	7,461	+3,070
Other income	- ----	-955	226	-1,182
Total revenue		37,898	32,959	+4,939
Total expenses		14,270	11,690	+2,579
Earnings before impairment		23,628	21,269	+2,359
Impairment losses on loans		1,694	1.444	+250
Income tax expense		3,289	2,713	+576
Net income		18,645	17,112	+1,534
Business volumes, EURm	9 quarters	Q4-21	Q3-21	△ quarter
Deposits from customers		5,847	5,476	+370
Loans (net)		2,677	2.549	+128
Customers, thous.		340	321	+19
Key figures	9 quarters	Q4-21	Q3-21	△ quarter
Cost / income ratio (C/I)		37.7%	35.5%	+ 2.2 pp
pre-tax ROE*		32.5%	31.5%	+ 1.0 pp
ROE*		27.6%	27.1%	+ 0.5 pp
Net interest margin		1.7%	1.6%	+ 0.1 pp

Financial results, EURt	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Total revenue, incl.		14,641	127,894	88,519	121,653	+6,241
Net interest income		10,969	97,662	69,046	95,585	+2,078
Net fee and commission income		3,579	31,172	18,385	26,118	+5,054
Total operating expenses		4,830	49,339	36,268	46,640	+2,699
Earnings before impairment		9,812	78,555	52,251	75,013	+3,542
Impairment losses on loans		1,5886	3,948	10,898	6,357	-2,409
Income tax		1,374	10,556	6,750	9,532	+1,025
Net profit		6,852	64,051	34,603	59,124	+4,927

Business volumes, EURm	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Deposits from customers		5,847	5,847	4,141	5,122	+725
Loans (net)		2,677	2,677	2,209	2,619	+58
Key figures	13 months	Dec-21	YTD21	YTD20	FP YTD	A YTD FP

Cost / income ratio (C/I)		33.0%	38.6%	41.0%	38.3%	+ 0.2 pp
Net interest margin (NIM)		1.9%	1.6%	1.9%	1.7%	0.0 pp
T1 capital adequacy		14.9%	14.9%	16.2%	15.1%	0.3 pp

Index funds and pension fund Roheline NAV change YTD

•

Financial results, EURt	9 quarters	04-21	Q3-21	Δ quarter
Total revenue		4,543	2,215	+2,328
Total expenses	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	1,777	1,699	+78
EBIT		2,766	515	+2,250
Net financial income		236	50	+185
Income tax expense	o	0	0	+0
Net profit	-----	3,001	565	+2,436

Business volumes	9 quarters	Q4-21	Q3-21	△ quarter
Pillar II pension funds		1,290	1,237	+54
Pillar III pension funds		51	41	+10
Eurofunds	==============================================================================================================================================================================	7	6	+1
Active customers of PII funds, th.		138	139	-1

Key figures	9 quarters	Q4-21	Q3-21	△ quarter
Cost / income ratio (C/I)	----------------------------	37.2%	75.0%	37.8 pp
pre-tax ROE	----	46.0%	9.3%	+ 36.7 pp
ROE		46.0%	9.3%	+ 36.7 pp

Financial results, EURt	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Total revenue		3.225	11,952	15,578	9,135	+2,817
Total expenses		513	10,015	6,389	10,043	-28
Earnings before taxes		2,712	1,936	9.189	-908	+2,845
Income tax		0	1,241	844	1,241	+0
Net profit		2,712	695	8,345	-2,150	+2,845

Business volumes	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Assets under management, EURm		1,349	1,349	1,537	1,354	-5
Active customers of PII funds, thous.		138	138	180	142	-3
Key figures	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Cost / income ratio (C/I)		15.9%	83.8%	42.7%	109.9%	26.1 pp

Financial results, EURt	9 quarters	Q4-21	Q3-21	Δ quarter
Total revenue		218	344	-127
Total expenses	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	434	566	-133
Net technical result		-216	-222	+6
Net investments income		4	0	+4
Net profit		-213	-222	+10

Business volumes	9 quarters	Q4-21	Q3-21	Δ quarter
Gross written premium, EURt		1,559	1,412	+147
No of Customers (thous.)		143	139	+4

Key figures	9 quarters	Q4-21	Q3-21	△ quarter
Net loss ratio	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	70.9%	46.5%	+ 24.3 pp
Net expense ratio		51.8%	84.9%	33.1 pp
pre-tax ROE		-12.6%	-12.7%	+ 0.2 pp
ROE		-12.6%	-12.8%	0.2 pp +

Financial results, EURt	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Total revenue, incl.		40	1,073	0	1,306	-233
Net earned premiums		349	2,273	0	2,391	-117
Net incurred losses		292	1,106	0	864	+242
Total expenses		178	1,894	551	1,966	-72
Earnings before taxes		-138	-822	-551	-660	-161
Net profit		-139	-823	-551	-660	-163

Business volumes	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Gross written premium, EURt		516	6,747	0	7,318	-571
No of Customers (thous.)		143	143	0	na	na
Key figures	13 months	Dec-21	YTD21	YTD20		FP YTD A YTD FP
Net loss ratio		83.8%	48.7%	na	36.2%	+ 12.5 pp