Market announcement
Bigbank AS
LEI code
5493007SWCCN9S3J2748
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
10292
Attachments
Submission date and time
28.04.2023 16:30:00
Content of announcement in Estonian
Title
Bigbanki 2023. aasta I kvartali auditeerimata majandustulemused
Message
Bigbanki brutolaenuportfell kasvas kvartaliga rekordilise 1,4 miljardi euroni, suurenedes 73 miljoni võrra (+5%). Eluasemelaenude portfell kasvas kvartaliga 22 miljonit eurot (+10%), 246 miljoni euroni. Ärilaenude portfell kasvas kvartaliga 40 miljonit eurot (+9%), 513 miljoni euroni. Tarbimislaenude portfell kasvas aastaga kvartaliga 12 miljonit eurot (+2%), 674 miljoni euroni. 2022. aasta esimese kvartaliga võrreldes kasvas brutolaenuportfelli 413 miljoni euro võrra (+41%). Esimeses kvartalis püsis laenuportfelli kvaliteet jätkuvalt heal tasemel. Kvartali lõpus oli vaid 1,4% laenunõuetest üle 90 päeva viivituses. Laenuportfellist veelgi kiiremini kasvas hoiuseportfell, suurendes kvartaliga 130 miljoni euro võrra (+10%), 1,5 miljardi euroni. Esimeses kvartalis suurenes klientide huvi eelkõige tähtajaliste hoiuste vastu, mille portfell kasvas 99 miljonit eurot (+13%), 840 miljoni euroni. Säästuhoiuseportfell kasvas 31 miljonit eurot (+5%), 658 miljoni euroni. 2022. aasta esimese kvartaliga võrreldes kasvas hoiuseportfell 482 miljoni euro võrra (+47%). Bigbank teenis 2023. aasta esimeses kvartalis 9,6 miljonit eurot puhaskasumit, 2022. aasta 3 kuu kasum oli 6,4 miljonit eurot. Võrreldes 2022. aasta esimese kvartali tulemustega kasvas kvartali puhaskasum 51%. Bigbanki omakapitali tootlus oli 2023. aasta esimeses kvartalis 18,0%. Kasum enne allahindlusi ja tulumaksu moodustas esimeses kvartalis 14,7 miljonit eurot. Laenude allahindluse kulu oli 3,9 miljonit eurot. Laenude allahindluse kulu kasvas oluliselt suurenenud portfelli juures võrreldes 2022. aasta esimese kvartaliga 0,1 miljonit eurot ehk 4%. Esimese kvartali neto intressitulu kasvas eelmise aasta sama ajaga võrreldes 3,4 miljonit eurot (+18%) ja ulatus 22,5 miljoni euroni. Kontserni kinnisvarainvesteeringute portfell, mis sisaldab nii põllumaid kui äripindu, ulatus kvartali lõpus 46,5 miljoni euroni. Muudatusi kinnisvaraportfellis kvartali jooksul ei toimunud. Kasumiaruanne, tuhandetes I kvartal I kvartal eurodes 2023 2022 3 kuud 2023 3 kuud 2022 ------------------------------------------------------------------------------- Neto intressitulu 22 519 19 120 22 519 19 120 Neto teenustasud 1 973 1 779 1 973 1 779 Netokasum finantsvaradelt 572 -110 572 -110 Neto tegevustulud -117 -92 -117 -92 ------------------------------------------------------------------------------- Neto tegevustulud kokku 24 947 20 697 24 947 20 697 ------------------------------------------------------------------------------- Palgakulud -5 652 -4 927 -5 652 -4 927 Halduskulud -3 523 -3 886 -3 523 -3 886 Põhivara kulum ja väärtuse langus -1 013 -881 -1 013 -881 Muu kasum (kahjum) 5 -10 5 -10 ------------------------------------------------------------------------------- Tegevuskulud kokku -10 183 -9 704 -10 183 -9 704 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 14 764 10 993 14 764 10 993 ------------------------------------------------------------------------------- Neto laenunõuete ja finantsinvesteeringute allahindlused -3 909 -3 763 -3 909 -3 763 Kasum enne maksustamist 10 855 7 230 10 855 7 230 Tulumaks -1 113 -769 -1 113 -769 ------------------------------------------------------------------------------- Aruandeperioodi jätkuvate tegevuste kasum 9 742 6 461 9 742 6 461 ------------------------------------------------------------------------------- Kahjum lõppenud tegevustest -121 -77 -121 -77 ------------------------------------------------------------------------------- Aruandeperioodi kasum 9 621 6 384 9 621 6 384 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuhandetes eurodes 31.03.2023 31.12.2022 31.03.2022 ----------------------------------------------------------------------------- Raha ja raha ekvivalendid 259 014 173 447 124 497 Võlaväärtpaberid 18 531 19 213 42 588 Nõuded klientidele 1 422 702 1 349 811 1 005 047 Muud varad 104 425 103 918 97 642 ----------------------------------------------------------------------------- Varad kokku 1 804 672 1 646 389 1 269 774 ----------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 1 507 115 1 376 934 1 052 341 Allutatud võlakirjad 62 908 40 113 15 216 Muud kohustised 17 450 15 912 16 261 ----------------------------------------------------------------------------- Kohustised kokku 1 587 473 1 432 959 1 083 818 ----------------------------------------------------------------------------- Omakapital 217 199 213 430 185 956 ----------------------------------------------------------------------------- Kohustised ja omakapital kokku 1 804 672 1 646 389 1 269 774 ----------------------------------------------------------------------------- Bigbank AS juhatuse esimehe Martin Läntsi kommentaar: ?Esimese kvartali põhjal on Bigbanki finantstulemuste ning laenude- ja hoiusteportfelli kasvuga kõik hästi. Meil on hea meel, et oleme saanud olla heaks partneriks paljudele kodu ostjatele ning äriklientidele, kes uusi projekte alustavad. Vaatamata ebakindlale väliskeskkonnale ja intresside pidevale kasvule ei näe me kasvu võlglaste arvus ega laenumahtude kahanemist. Eelmise aasta lõpul hakkasime väljastama VISA krediitkaarte, mis on tarbijate poolt soojalt vastu võetud ning kuna Bigbank on olnud turul suunanäitajaks õiglase hoiuseintressi maksjana, on ka meie tähtajaliste hoiuste maht selges tõusujoones. Tegevuse finantseerimisele aitas kaasa ka viimase kahe kvartali vältel kolme erineva võlakirjaemissiooniga kaasatud kokku 42,7 miljonit eurot täiendavat kapitali. Oleme tänulikud kõikidele investoritele usalduse eest. Jätkame edasisel turu keskmist ületava kasvu kursil." Bigbank AS (www.bigbank.ee) on Eesti kapitalil põhinev era- ja äriklientide laenudele ja hoiustele keskendunud pank, millel on lisaks tegevusele Eestis filiaalid Soomes, Rootsis, Lätis, Leedus ja Bulgaarias ning mis pakub piiriülese teenusena oma tooteid ka Austrias, Saksamaal ja Hollandis. Bigbanki bilansimaht ületab 1,5 miljardit eurot. Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: [email protected] www.bigbank.ee
Content of announcement in English
Title
Bigbank’s Unaudited Financial Results for Q1 2023
Message
Bigbank's gross loan portfolio increased by 73 million euros to a record-high 1.4 billion euros (+5%) in Q1. The home loan portfolio grew by 22 million euros (+10%) to 246 million euros. The corporate loan portfolio increased by 40 million euros (+9%) to 513 million euros and the consumer loan portfolio grew by 12 million euros (+2%) to 674 million euros during the quarter. Compared to Q1 2022, the gross loan portfolio increased by 413 million euros (+41%). The quality of the loan portfolio remained high in Q1. The share of loans over 90 days past due was just 1.4% at the reporting date. The deposit portfolio grew even faster than the loan portfolio, increasing by 130 million euros (+10%) to 1.5 billion euros during the quarter. Customers' interest in term deposits increased visibly and the term deposit portfolio grew by 99 million euros (+13%) to 840 million euros in Q1. The savings deposit portfolio increased by 31 million euros (+5%) to 658 million euros. Compared to Q1 2022, the deposit portfolio grew by 482 million euros (+47%). Bigbank earned a net profit of 9.6 million euros in Q1 2023, which is 51% more than the 6.4 million euros earned in Q1 2022. Bigbank's return on equity for Q1 2023 was 18.0%. Profit before loss allowances and income tax for Q1 was 14.7 million euros. Expenses on credit loss allowances were 3.9 million euros. Although the loan portfolio grew significantly, expenses on credit loss allowances increased by 0.1 million euros (+4%) compared to Q1 2022. Net interest income for Q1 grew by 3.4 million euros (+18%) year on year, rising to 22.5 million euros. The Group's investment property portfolio, which includes both agricultural land and commercial real estate, stood at 46.5 million euros at the end of the period. There were no changes in the investment property portfolio during the quarter. Income statement, in thousands of euros Q1 2023 Q1 2022 3M 2023 3M 2022 ------------------------------------------------------------------------------- Net interest income 22,519 19,120 22,519 19,120 Net fee and commission income 1,973 1,779 1,973 1,779 Net income (loss) on financial assets 572 -110 572 -110 Net other operating income -117 -92 -117 -92 ------------------------------------------------------------------------------- Total net operating income 24,947 20,697 24,947 20,697 ------------------------------------------------------------------------------- Salaries and associated charges -5,652 -4,927 -5,652 -4,927 Administrative expenses -3,523 -3,886 -3,523 -3,886 Depreciation, amortisation and impairment -1,013 -881 -1,013 -881 Other gains (losses) 5 -10 5 -10 ------------------------------------------------------------------------------- Total expenses -10,183 -9,704 -10,183 -9,704 ------------------------------------------------------------------------------- Profit before loss allowances 14,764 10,993 14,764 10,993 ------------------------------------------------------------------------------- Net loss allowances on loans and financial investments -3,909 -3,763 -3,909 -3,763 Profit before income tax 10,855 7,230 10,855 7,230 Income tax expense -1,113 -769 -1,113 -769 ------------------------------------------------------------------------------- Profit for the period from continuing operations 9,742 6,461 9,742 6,461 ------------------------------------------------------------------------------- Loss from discontinued operations -121 -77 -121 -77 ------------------------------------------------------------------------------- Profit for the period 9,621 6,384 9,621 6,384 ------------------------------------------------------------------------------- Statement of financial position, in 31 Dec thousands of euros 31 March 2023 2022 31 March 2022 ------------------------------------------------------------------------------- Cash and cash equivalents 259,014 173,447 124,497 Debt securities at FVOCI 18,531 19,213 42,588 Loans to customers 1,422,702 1,349,811 1,005,047 Other assets 104,425 103,918 97,642 ------------------------------------------------------------------------------- Total assets 1,804,672 1,646,389 1,269,774 ------------------------------------------------------------------------------- Customer deposits and loans received 1,507,115 1,376,934 1,052,341 Subordinated notes 62,908 40,113 15,216 Other liabilities 17,450 15,912 16,261 ------------------------------------------------------------------------------- Total liabilities 1,587,473 1,432,959 1,083,818 ------------------------------------------------------------------------------- Equity 217,199 213,430 185,956 ------------------------------------------------------------------------------- Total liabilities and equity 1,804,672 1,646,389 1,269,774 ------------------------------------------------------------------------------- Commentary by Martin Länts, chairman of the management board of Bigbank AS: "Based on the first quarter, all is well with Bigbank's financial results and the growth in our loan and deposit portfolios. We are pleased that we have been able to be a good partner for many home buyers as well as corporate customers starting new projects. Despite the uncertain external environment and the continuing rise in interest rates, we do not see an increase in the number of debtors or a decrease in loan volumes. At the end of last year, we started issuing VISA credit cards, which have been well received by consumers, and as Bigbank has been a market leader in paying fair deposit rates, the volume of our term deposits has been growing steadily. The bank's successful performance has been supported by the 42.7 million euros of additional capital raised through our three bond issues over the last two quarters. We are deeply grateful to all investors for their trust and expect to sustain growth that exceeds the market average." Bigbank AS (www.bigbank.eu) is an Estonian capital-based bank specialising in loans and deposits for private and business customers. In addition to operations in Estonia, the bank has branches in Finland, Sweden, Latvia, Lithuania, and Bulgaria and offers its products on a cross-border basis in Austria, Germany, and the Netherlands. Bigbank's total assets exceed 1.5 billion euros. Argo Kiltsmann Member of the Management Board Telephone: +372 5393 0833 Email: [email protected] www.bigbank.ee