Group 1 - The merger agreement between Balti Võlgade Sissenõudmise Keskus OÜ and Rüütli Property aims to simplify the group structure, with Rüütli Property as the acquiring company and Balti Võlgade Sissenõudmise Keskus OÜ being dissolved [1] - The merger is set to take effect on January 1, 2025 [1] - This transaction will not impact Bigbank AS group's consolidated profit, assets, or liabilities [2] Group 2 - Bigbank AS has over 30 years of operating history and is a commercial bank owned by Estonian capital [3] - As of May 31, 2025, Bigbank's total assets are reported at 3.0 billion euros, with equity amounting to 278 million euros [3] - The bank operates in nine countries, serving over 172,000 active customers and employing 600 people [3] - Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2 [3]
Intra-Group Merger
Globenewswire·2025-07-11 06:00