Core Insights - Bigbank experienced strong growth in its loan portfolio and maintained solid profitability in August 2025, with total loans reaching 2.5 billion euros [1][10]. Loan Portfolio Growth - The loan portfolio grew by 50 million euros in August, with business loans increasing by 28 million euros, home loans by 15 million euros, and consumer loans by 7 million euros [1]. - Year-on-year, loans to customers grew by 543 million euros, representing a 27% increase [10]. Deposit Portfolio Dynamics - The deposit portfolio increased by 19 million euros, driven by a 25 million euro rise in savings deposits, while term deposits decreased by 8 million euros [2]. - Customer deposits and loans received reached 2.7 billion euros, marking a 23% year-on-year increase [10]. Current Accounts Launch - Bigbank launched current accounts for retail customers in Lithuania, offering 2% annual interest on idle funds and free transactions, resulting in a 2 million euro increase in current account balances [3]. Interest Income and Credit Quality - Net interest income rose by 1.7 million euros year-on-year, totaling 69.7 million euros for the first eight months, with a 2% increase compared to the previous year [4][10]. - The credit quality of the loan portfolio improved, with net allowances for expected credit losses decreasing by 9.3 million euros, or 57% [5][10]. Profitability Metrics - Net profit for August was 3.5 million euros, contributing to a cumulative profit of 25.8 million euros for the first eight months, a 10% increase compared to the same period in 2024 [6][10]. - Return on equity (ROE) for August was 14.8%, while the cost/income ratio increased to 46.6% [10][11]. Employment and Expenses - Bigbank employed 609 people at the end of August, with salary expenses increasing by 4.2 million euros year-on-year due to team expansion and salary growth [7]. - Administrative expenses decreased by 0.2 million euros, while income tax expenses rose by 1.9 million euros due to higher tax rates in Estonia and Lithuania [7]. Financial Overview - Total net operating income for August was 9.963 million euros, with a year-to-date total of 76.171 million euros, reflecting a 1% increase year-on-year [9]. - The bank's total assets amounted to 3.2 billion euros, with equity of 288 million euros as of August 31, 2025 [12].

Core Insights - Bigbank AS updated its strategy for the period 2022-2026 on 28 August 2025 [1] - The bank has suspended the further implementation of its internal ratings-based (IRB) project due to diminished capital advantages from regulatory changes [2][3] - The focus will shift towards enhancing loan portfolio quality and capital management rather than continuing with the IRB project [3] Company Overview - Bigbank AS is a commercial bank with over 30 years of operating history, owned by Estonian capital [4] - As of 31 July 2025, the bank's total assets were €3.1 billion, with equity of €284 million [4] - The bank operates in nine countries, serving over 175,000 active customers and employing more than 600 people [4] - Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, with a baseline credit assessment (BCA) and adjusted BCA of Ba2 [4]

Group 1 - Bigbank AS announced the conclusion of an intra-group merger agreement between its subsidiary Balti Võlgade Sissenõudmise Keskus OÜ and OÜ Rüütli Property on 11 July 2025 [1] - The merger was officially recorded in the Estonian commercial register on 26 August 2025, resulting in the deletion of Balti Võlgade Sissenõudmise Keskus OÜ from the commercial register [2] Group 2 - As of 31 July 2025, Bigbank AS had total assets of 3.1 billion euros and equity of 284 million euros [3] - The bank operates in nine countries, serving over 175,000 active customers and employing more than 600 people [3] - Moody's assigned Bigbank a long-term bank deposit rating of Ba1, with a baseline credit assessment (BCA) and an adjusted BCA of Ba2 [3]

Core Insights - Bigbank's loan portfolio experienced significant growth, increasing by 59 million euros in July 2025, with total loans reaching 2.5 billion euros [1][9] - The deposit portfolio also grew, rising by 71 million euros, primarily driven by savings deposits [2][9] - The bank's net profit for July was reported at 3.6 million euros, reflecting a strong performance [5][9] Loan Portfolio - The business loan portfolio expanded by 30 million euros, the home loan portfolio by 20 million euros, and the consumer loan portfolio by 9 million euros [1] - Year-on-year, loans to customers grew by 518 million euros, marking a 26% increase [9] Deposit Portfolio - The savings deposit product increased by 73 million euros, while term deposits declined by 3 million euros [2] - The total balance of Estonian retail customers' bank accounts reached 4.3 million euros by the end of July [2] Interest Income - Net interest income for the first seven months of 2025 increased by 1.7 million euros, or 3%, compared to the same period last year [3][9] - The 6-month Euribor remained stable at 2.05%, contributing to a stable interest environment for loans [3] Credit Quality - The credit quality of the loan portfolio improved, with net allowances for expected credit losses decreasing by 9.1 million euros, or 60% [4][9] - The share of non-performing exposures remained stable at 4.7% as of the end of June [4] Financial Performance - Total net operating income for July was 9,182 thousand euros, a 2% increase year-on-year [8] - Cumulative profit for the first seven months amounted to 22.3 million euros, an increase of 3.1 million euros, or 16%, compared to the same period in 2024 [9] Operational Metrics - The bank's team grew to 614 employees, leading to a rise in personnel expenses by 3.7 million euros [6] - The return on equity (ROE) for July was reported at 15.1%, an increase from previous periods [10]

Core Insights - Bigbank's total gross loan portfolio reached a record high of 2.44 billion euros, increasing by 141 million euros (+6%) quarter on quarter and 537 million euros (+28%) year on year, primarily driven by business and home loans [1] - The bank's net profit for the first half of 2025 was 18.7 million euros, with a second-quarter profit of 8.9 million euros, reflecting a slight decrease of 0.5 million euros (-5%) compared to the same quarter in 2024 [3][17] - The deposit portfolio grew by 96 million euros (+4%) quarter on quarter and 393 million euros (+17%) year on year, reaching 2.65 billion euros, with significant growth in savings deposits [2][18] Loan Portfolio - The business loan portfolio increased by 54 million euros (+7%) to 862 million euros, while the home loan portfolio rose by 53 million euros (+8%) to 717 million euros [1] - The consumer loan portfolio saw a modest increase of 19 million euros (+2%) to 860 million euros [1] - Business loans became the largest credit product line in terms of portfolio size for the first time in Bigbank's history [1] Deposit Portfolio - The savings deposit portfolio grew by 154 million euros to 1.3 billion euros (+13%), while the term deposit portfolio decreased by 59 million euros to 1.34 billion euros [2] - The current accounts for retail customers in Estonia totalled 3.4 million euros, with all holders earning interest at a competitive rate of 2% [2][19] Financial Performance - Interest income for the second quarter amounted to 45.2 million euros, an increase of 1.8 million euros (+4%) year on year [4] - Net interest income grew by 1.2 million euros (+5%) year on year to 25.7 million euros [4] - The net allowance for expected credit losses decreased to 1.4 million euros, down 4.4 million euros year on year, indicating improved loan portfolio quality [5][17] Operational Developments - Bigbank's employee count reached 613, with salary expenses for the second quarter totaling 8.2 million euros, up 1.8 million euros year on year (+28%) [6] - The bank launched a mobile app for retail customers in Estonia, with plans to expand to Lithuania and Latvia [7][19] - Bigbank issued Additional Tier 1 (AT1) bonds totaling 2.44 million euros and increased the volume of a Tier 2 bond offering from 3 million euros to 6 million euros due to strong investor interest [9][10][20] Asset and Investment Portfolio - The value of the investment property portfolio was 72.3 million euros, with a notable decrease in the value of agricultural land in Estonia by 1.7 million euros (around 5%) [8] - Total assets surpassed 3 billion euros for the first time, reaching 3.1 billion euros as of 30 June 2025 [21]

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]

On 9 July 2025, the general meeting of Bigbank AS resolved to extend the term of Sven Raba as a member of the Supervisory Board of Bigbank AS for a further two years, from 31 July 2025 to 30 July 2027. Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 May 2025, the bank's total assets amounted to 3.0 billion euros, with equity of 278 million euros. Operating in nine countries, the bank serves more than 172,000 active customers and ...

Company Management - The supervisory board of Bigbank AS has extended the term of office of Argo Kiltsmann as a member of the management board for another 3 years, effective until 30 June 2028 [1] - The management board will continue to consist of five members: Martin Länts (Chairman), Ken Kanarik, Argo Kiltsmann, Ingo Põder, and Mart Veskimägi [1] Company Overview - Bigbank AS is a commercial bank with over 30 years of operating history, owned by Estonian capital [2] - As of 31 May 2025, Bigbank's total assets were 3.0 billion euros, with equity amounting to 278 million euros [2] - The bank operates in nine countries, serving over 172,000 active customers and employing 600 people [2] - Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, with a baseline credit assessment (BCA) and an adjusted BCA of Ba2 [2]

Core Insights - Bigbank experienced stable growth in both loan and deposit portfolios in May 2025, with profitability remaining solid [1][2][3] Loan Portfolio - The loan portfolio increased by 43 million euros in May, driven primarily by business loans (22 million euros) and home loans (15 million euros), with consumer loans contributing an additional 6 million euros [1] - Year-on-year, loans to customers grew by 564 million euros, reaching a total of 2.41 billion euros, reflecting a 31% increase [9][10] Deposit Portfolio - The deposit portfolio grew by 26 million euros in May, with savings deposits increasing by 18 million euros and term deposits by 8 million euros [2] - Customer deposits and loans received increased by 357 million euros over the year, totaling 2.57 billion euros, a 16% rise [9] Net Interest Income - Despite a declining interest rate environment, Bigbank's net interest income increased by 1 million euros (2%) year-on-year, totaling 42.8 million euros for the first five months of 2025 [3][9] - Net interest income for May was reported at 8.8 million euros [9] Credit Losses and Expenses - Net allowances for expected credit losses decreased by 4.4 million euros (40%) year-on-year, totaling 6.7 million euros for the first five months [4][9] - Administrative expenses decreased by 0.4 million euros, while personnel expenses rose by 2.2 million euros due to team expansion and salary increases [5][6] Profitability - Net profit for May was 3.4 million euros, contributing to a cumulative profit of 16.3 million euros for the first five months, a 22% increase compared to the same period in 2024 [5][9] - Return on equity (ROE) for May was reported at 14.7%, up from 13.0% in May 2024 [10] Financial Indicators - Total net operating income for May was 9.48 million euros, reflecting a 4% increase year-on-year [8] - The cost/income ratio increased to 46.2%, compared to 41.2% in the previous year [10] Company Overview - As of May 31, 2025, Bigbank's total assets amounted to 3.0 billion euros, with equity of 278 million euros, serving over 172,000 active customers [11]

On 11 June 2025, Bigbank AS held a webinar introducing the public offering of its subordinated bonds in Estonia, Latvia and Lithuania. During the webinar, Bigbank AS Management Board members Martin Länts and Argo Kiltsmann presented an overview of the Bigbank Group, including the Group’s financial results and the terms and conditions of the subordinated bond offering. The webinar recording is available at: https://youtu.be/89x1Kgen_tk. Further information about the public offering of subordinated bonds is ...