November was characterised by growth in strategic loan products and term deposits, a decrease in the share of non-performing loans, and satisfactory profitability. The loan portfolio grew by 25 million euros during the month, reaching 2.6 billion euros by the end of November. Growth was driven by business loans, which increased by 33 million euros, and home loans, which grew by 14 million euros. The consumer loan portfolio decreased by 22 million euros. A significant part of this decline was due to the sale ...

Core Insights - Bigbank experienced stable growth in October, with a notable increase in both loan and deposit portfolios, indicating a healthy financial position and customer demand [1][2][10]. Loan Portfolio - The loan portfolio grew by 34 million euros in October, reaching 2.6 billion euros, driven by business loans (up 16 million euros) and home loans (up 18 million euros) [1]. - Year-on-year, loans to customers increased by 511 million euros, or 24%, highlighting strong demand [10]. Deposit Portfolio - The deposit portfolio increased by 44 million euros in October, primarily due to a 24 million euro rise in term deposits and a 16 million euro increase in savings deposits [2]. - Customer deposits and loans received reached 2.8 billion euros, reflecting an 18% year-on-year growth [10]. Current Accounts - Bigbank launched current accounts for retail customers in Latvia, offering competitive conditions with 2% annual interest on idle funds and no transaction fees, resulting in a 3 million euro increase in current account balances [3]. Financial Performance - Net interest income for October was 9.4 million euros, with a cumulative total of 88.1 million euros for the first ten months, marking a 3% increase year-on-year [10]. - Net profit for October was 3.1 million euros, contributing to a cumulative profit of 33.3 million euros for the first ten months, a 10% increase compared to the same period in 2024 [10][11]. Credit Quality - The credit quality of the loan portfolio remains strong, with net allowances for expected credit losses decreasing by 8.8 million euros, or 47%, due to improved payment behavior across the Baltic countries [5][10]. Employment and Expenses - As of the end of October, Bigbank employed 624 people, with salary expenses increasing by 5.7 million euros over the first ten months due to team expansion and salary growth [7]. - Income tax expenses rose by 1.9 million euros due to higher tax rates in Estonia and Lithuania [7]. Key Financial Indicators - Total net operating income for October was 10.4 million euros, with a year-to-date total of 95.9 million euros, reflecting a 2% increase year-on-year [9]. - The cost/income ratio stood at 48.2%, up from 41.4% the previous year, indicating increased expenses relative to income [11].

Core Insights - Bigbank's total gross loan portfolio reached a record high of 2.58 billion euros, reflecting a quarter-on-quarter increase of 142 million euros (+6%) and a year-on-year increase of 521 million euros (+25%) [1] - The bank's net profit for the first nine months of 2025 was 30.2 million euros, compared to 27.6 million euros for the same period in 2024, while the third-quarter net profit was 11.5 million euros, a slight decrease of 0.3 million euros (-2%) from the previous year [3] - The total deposit portfolio grew by 80 million euros (+3%) quarter on quarter and by 462 million euros (+20%) year on year, reaching 2.7 billion euros [2] Loan Portfolio - The business loan portfolio increased by 74 million euros (+9%) to 937 million euros, while the home loan portfolio grew by 55 million euros (+8%) to 772 million euros, and the consumer loan portfolio increased by 18 million euros (+2%) to 878 million euros [1] - The quality of the loan portfolio remained stable, with expenses on expected credit losses decreasing by 0.8 million euros year on year to 2.5 million euros, and the share of non-performing loans fell to 4.4% [5] Interest and Income - Interest income for the third quarter was 46.5 million euros, an increase of 0.5 million euros (+1%) year on year, while net interest income grew by 0.6 million euros (+2%) to 27.4 million euros [4] - Total net operating income for the third quarter was 28.5 million euros, with net fee and commission income rising to 2.7 million euros [10] Deposits and Accounts - The savings deposit portfolio grew by 85 million euros to 1.4 billion euros (+7%), while the term deposit portfolio decreased by 11 million euros to 1.3 billion euros [2] - Bigbank launched current accounts for retail customers in Lithuania, resulting in a growth of current account balances by 6 million euros to 9 million euros [2] Employee and Operational Insights - Bigbank's employee count remained stable at 613, with salary expenses for the third quarter totaling 8.7 million euros, an increase of 1.9 million euros (+29%) year on year [6] - The bank's investment property portfolio increased to 82.3 million euros, driven by additional investments and revaluation of agricultural land [7] Strategic Developments - The bank confirmed its strategy's effectiveness with significant growth in its loan portfolio and deposit base, while expanding daily banking services to Lithuania [11] - An intragroup merger occurred, resulting in the deletion of an inactive subsidiary from the commercial register, which did not affect the Group's operations [9]