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]

Core Insights - LHV Group reported a net profit of 30.8 million euros in Q2 2025, a 6% increase from the previous quarter, with a return on equity of 17.4% [1][5][6] - The loan portfolio reached 5 billion euros, reflecting a strong growth trajectory and increased investment confidence among Estonian companies [17] - All subsidiaries of LHV Group were profitable in Q2 2025, contributing to the overall positive financial performance [2] Financial Performance - Consolidated revenue for Q1 2025 was 73.9 million euros, a decrease of 7% from the previous quarter and 14% year-on-year [3] - Net interest income in Q2 2025 was 57.6 million euros, while net fee and commission income was 15.6 million euros [3][6] - Total expenses for Q2 2025 amounted to 40.5 million euros, an 8% increase from the previous quarter and 11% year-on-year [3][6] Asset and Loan Growth - As of June 2025, consolidated assets were 9.38 billion euros, a 10% increase from the previous quarter and 28% year-on-year [4] - The consolidated loan portfolio increased by 269 million euros (6%) in Q2 2025 and by 1.1 billion euros (28%) year-on-year [4][9] - Consolidated deposits rose by 760 million euros (12%) to 7.36 billion euros [4] Subsidiary Performance - LHV Pank earned a net profit of 29.7 million euros, while LHV Bank Ltd, LHV Varahaldus, and LHV Kindlustus reported net profits of 0.1 million euros, 0.5 million euros, and 1.1 million euros, respectively [2][5] - LHV Kindlustus experienced a 78% increase in insurance revenue and a 62% increase in net profit compared to the previous quarter [13] - LHV Bank in the UK saw its loan portfolio grow by 79 million euros to 569 million euros, with deposits reaching a record 1.02 billion euros [11][12] Market Developments - LHV Pank launched an innovative banking service, LHV Premium, which combines banking, insurance, and travel services [8] - The bank issued covered bonds worth 300 million euros, which were oversubscribed by 2.5 times, indicating strong demand from institutional investors [10] - LHV Group's pension funds showed positive returns, with rates of return for various funds ranging from 0.7% to 2.8% in Q2 2025 [14] Capitalization and Ratings - LHV Group remains well-capitalized, having issued AT1 bonds worth 50 million euros and unsecured bonds worth 60 million euros [16] - Moody's upgraded the ratings for LHV Pank's covered bond program to Aaa, reflecting the group's strong financial position [16]

Core Insights - Coop Pank experienced growth in customer base and loan portfolio despite a challenging economic environment, indicating resilience and operational efficiency [1][9][12] Customer Metrics - By the end of Q2 2025, Coop Pank had 218,000 customers, an increase of 5,000 customers in the quarter (+2%) and 22,000 in the year (+11%) [1] - The number of active customers reached 103,600, with an increase of 1,800 (+2%) in the quarter and 8,300 (+9%) year-over-year [1] Deposit Trends - In Q2 2025, total deposits decreased by 98 million euros (-5%) to 1.81 billion euros, attributed to a successful covered bond issuance [2] - Deposits from private clients increased by 0.4 million euros, while deposits from domestic business customers decreased by 78 million euros [2] - Compared to Q2 2024, total deposits increased by 77 million euros (+4%) [2] Loan Portfolio Performance - The net loan portfolio increased by 125 million euros (+7%) in Q2 2025, reaching 1.94 billion euros [3] - Business loans showed the strongest growth, increasing by 82 million euros (+10%), while home loans rose by 37 million euros (+5%) [3] - Year-over-year, the total loan portfolio grew by 322 million euros (+20%) [3] Financial Health - The overdue loan portfolio stood at 2.8% in Q2 2025, up from 2.2% a year ago [4] - Impairment costs for financial assets were 1.4 million euros, reflecting an increase from the previous quarter and year [4] Income and Profitability - Net income for Q2 2025 was 19.5 million euros, a 1% increase quarter-over-quarter but a 5% decrease year-over-year [5] - The net profit was 6.6 million euros, down 16% from the previous quarter and 17% from the same period last year [6] - The cost-to-income ratio was 52%, and return on equity was 12.1% [6][12] Economic Context - The Estonian economy has not yet regained growth momentum, with 5% inflation and rising unemployment nearing 9% impacting consumer confidence [7][8] - Despite these challenges, Coop Pank's loan portfolio grew significantly, indicating strong demand in the manufacturing and real estate sectors [9] Strategic Developments - Coop Pank has enhanced its collaboration with Coop retail by introducing a new cashback solution for shared private customers [10] - The bank aims to leverage the synergy between retail and banking to improve everyday banking services [13]

Core Insights - Coop Pank experienced strong growth in its loan portfolio due to a significant issuance of business and home loans in April 2025 [1] - The bank's loan portfolio quality remains robust despite economic uncertainties, with a new leasing product introduced for used vehicle financing [2] - A deliberate reduction in deposit volume was linked to a successful issuance of covered bonds, providing a stable funding source [3] Financial Performance - The number of clients increased by 1,700 to reach 214,400, while active clients decreased by 100, marking a 12% growth in the customer base year-over-year [5] - Customer deposits decreased by 107 million euros to 1.81 billion euros, with corporate deposits down by 74 million euros and private deposits down by 5 million euros [5] - The loan portfolio grew by 53 million euros to 1.87 billion euros, with business loans increasing by 39 million euros and home loans by 13 million euros [5] - The bank's net profit for April was 1.8 million euros, with a 19% decrease in net profit for the first four months compared to the previous year [5] - Return on equity stood at 10.3% and the cost-income ratio was 53% in April [5]