Bigbank AS Results for January 2026

Core Insights - Bigbank experienced strong growth and solid profitability at the start of 2026, with significant increases in both loan and deposit portfolios [1][2] Loan Portfolio - The loan portfolio grew by 71 million euros in January, driven primarily by a 62 million euro increase in business loans and a 9 million euro increase in home loans, while consumer loans remained stable [1] - The credit quality of the loan portfolio remained strong, with expected credit losses decreasing to 1.0 million euros, down 0.7 million euros from the previous year, and non-performing exposures accounting for 4.3% of all loan receivables [4][9] Deposit Portfolio - The deposit portfolio saw a robust increase of 112 million euros in January, with savings deposits rising by 62 million euros, term deposits by 46 million euros, and current account balances by 5 million euros [2] Financial Performance - Net interest income for January reached 9.7 million euros, an increase of 1.2 million euros or 14% year-on-year, driven by the expansion of the loan portfolio [3][9] - Total net operating income was 10,529 thousand euros, reflecting a 13% increase compared to January 2025 [8] - Net profit for January was 3.8 million euros, up 0.8 million euros or 25% year-on-year, benefiting from increased net interest income and reduced expected credit losses [6][9] Operational Metrics - The bank employed 655 people at the end of January, with personnel expenses increasing by 0.8 million euros compared to the previous year [5] - The return on equity (ROE) for January was 15.1%, an increase of 1.7 percentage points from the previous year [10]