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Noba Bank Group AB ( (SE:NOBA) ) just unveiled an update.
Noba Bank Group AB reported a 12 percent year-on-year increase in its loan portfolio to SEK 139.2 billion for the first quarter of 2026, reflecting 11 percent organic growth in local currencies and underpinning its expansion strategy. Operating profit rose to SEK 1,330 million, with adjusted core operating profit from core operations up 21 percent to SEK 1,361 million, while a higher effective tax rate from currency effects weighed on profit attributable to shareholders.
The bank delivered a core return on tangible equity of 24.2 percent and kept its common equity Tier 1 capital ratio at 13.3 percent, indicating robust profitability and capital strength despite a turbulent environment. During the quarter Noba acquired DBT Capital AB for SEK 397 million to establish an SME lending vertical and completed a sale of Swedish non-performing loans of about SEK 700 million, slightly boosting earnings and improving balance sheet quality.
The most recent analyst rating on (SE:NOBA) stock is a Hold with a SEK98.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.
More about Noba Bank Group AB
Noba Bank Group AB is a Nordic financial institution focused on lending services across consumer and corporate segments. The bank manages a sizeable loan portfolio in local currencies and maintains capital adequacy through regulated equity and Tier 1 capital ratios, positioning itself as a growth-oriented player in the regional banking market.
Average Trading Volume: 1,458,424
Technical Sentiment Signal: Strong Sell
For detailed information about NOBA stock, go to TipRanks’ Stock Analysis page.