Bigbank AS Results for February 2026

Core Insights - Bigbank's loan and deposit portfolios showed steady growth in February, with profitability remaining solid despite lower interest income due to the shorter month [1][3] Loan Portfolio - The loan portfolio increased by 31 million euros in February, driven by a 25 million euro growth in business loans and a 7 million euro increase in home loans, while consumer loans remained stable [1] - The credit quality of the loan portfolio remained strong, with a decrease in expected credit losses by 1.1 million euros (–36%) compared to the previous year, and non-performing exposures remained at 4.3% [4] Deposit Portfolio - The deposit portfolio grew by 43 million euros in February, with term deposits increasing by 25 million euros, savings deposits by 5 million euros, and current account balances rising by 13 million euros to 37 million euros [2] - Bigbank's current account offering, noted for its competitive interest rates in the Baltics, gained popularity, leading to a significant increase in active customers [2] Financial Performance - Net interest income for February was 8.9 million euros, with a year-to-date total of 18.6 million euros, reflecting a 14% increase compared to the same period last year [9] - Net profit for February was 2.6 million euros, contributing to a total of 6.3 million euros for the first two months, which is 1.1 million euros more than the same period in 2025 (+21%) [6][9] - Total net operating income for February was 9.3 million euros, with total expenses amounting to 4.9 million euros, resulting in a profit before loss allowances of 4.3 million euros [8] Key Financial Indicators - Customer deposits and loans received reached 3.0 billion euros, a 19% increase year-on-year, while loans to customers grew by 24% to 2.8 billion euros [9][10] - Return on equity (ROE) for February was 10.2%, with a cost/income ratio of 53.3%, reflecting an increase from the previous year [10]