Interim Report January-June 2019 Bluestep Bank AB

Profit for the period compared with the same period the previous year

The Group’s net profit for the period amounted to SEK 109m (SEK 91m), corresponding to an increase of 20%. The increase is mainly attributable to increased interest income. The Group’s operating profit before tax amounted to SEK 137m (SEK 117m).

Net interest income

The Groups net interest income increased by 13% compared to the same period the previous year, to SEK 395m (SEK 348m). The increase is attributable to volume growth in lending to the public.

Operating expenses

The Group’s expenses increased by 10% compared to the same period the previous year, to SEK 247m (SEK 225m). The increase is mainly attributable to investments within business- and product development and reinforcements in IT- and system areas.

Credit losses

Net credit losses amounted to SEK 29 m (SEK 27m).

Balance sheet

Compared to the same period the previous year, the Group’s total lending to the public increased by 8%. At the end of the period, the lending amounted to SEK 15,535m (SEK 14,361m as of 30 June 2018, SEK 14,522m as of 31 December 2018). The lending in the Branch increased by 21% compared to June 2018 and amounted to SEK 6,184m (SEK 5,128m as of 30 June 2018, SEK 5,290m as of 31 December 2018) at the end of the period.

This information is information that Bluestep Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the contact person set out below on 26 August 2019 at 16:00 CET.

For more information, please contact:

Johanna Clason, CFO,

+46 701 483 385

or visit www.bluestepbank.com