Bigbank AS Results for November 2025

Core Insights - November showed growth in strategic loan products and term deposits, a decrease in non-performing loans, and satisfactory profitability [1] Loan Portfolio - The loan portfolio increased by 25 million euros, reaching 2.6 billion euros by the end of November, driven by business loans (+33 million euros) and home loans (+14 million euros), while consumer loans decreased by 22 million euros due to the sale of the Swedish branch's loan portfolio [2] - The share of non-performing loans decreased from 4.5% to 4.2% due to improved payment behavior and the sale of the Swedish branch's loan portfolio [6] Deposit Portfolio - The deposit portfolio grew by 32 million euros, primarily driven by term deposits (+28 million euros) as interest rates began to rise slightly [3] - Current accounts saw a growth of 3 million euros, reaching a total balance of 16 million euros, with clients earning 2% annual interest on idle funds [4] Financial Performance - Net interest income increased by 2.3 million euros year-on-year, totaling 96.7 million euros for the first eleven months [5][11] - Net profit for November was 2.7 million euros, with cumulative profit for the first eleven months amounting to 36.0 million euros, an increase of 2.6 million euros or 8% compared to the same period in 2024 [7][11] - Total net operating income for November was 9.1 million euros, with a year-on-year increase of 2% [10] Expenses and Employment - Salary expenses increased by 6.4 million euros over the first eleven months due to team expansion and salary growth, while income tax expenses rose by 1.7 million euros due to higher tax rates in Estonia and Lithuania [8] - The cost/income ratio increased to 54.0% from 47.2% year-on-year [12] Company Overview - As of November 30, 2025, Bigbank's total assets amounted to 3.2 billion euros, with equity of 298 million euros, serving over 176,000 active customers [13]