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
Other corporate action
Unique data record identifier
10419
Submission date and time
09.06.2023 16:30:00
Content of announcement in Estonian
Title
Bigbank AS 2023. aasta mai tulemused
Message
2023. aasta mai oli Bigbanki jaoks järjekordne edukas kuu. Nii laenuportfell kui
ka hoiuseportfell jätkasid kasvamist. Jätkus ka trend, mille kohaselt
hoiuseportfell kasvas kiiremini kui laenuportfell. See on põhjendatud asjaoluga,
et Bigbank on jätkuvalt kasvava euribori mõju edasi kandmas ka oma
hoiuseklientidele pakkudes järjepidevalt koduturgude tipus olevaid
hoiuseintresse.
Mai lõpus tuli Bigbank Soomes turule säästuhoiuse tootega, mis on klientide
hulgas saavutanud seni suure populaarsuse Saksamaal, Hollandis ja Austrias.
Eeldatavalt hakkab arvestatavat panust grupi hoiuseportfellile Soome säästuhoius
andma juba järgnevatel kuudel.
Positiivne on ka neto laenunõuete ja finantsinvesteeringute allahindluste
suhteliselt madal maht. Aasta taguse ajaga võrreldes enam kui kolmandiku võrra
suurema laenuportfelli juures on tänu laenuportfelli jätkuvalt kõrgele
kvaliteedile allahindluste maht kasvanud viie kuu koondvaates eelmise aasta sama
perioodiga võrreldes vaid 3%.
Mais tugevnes ka Bigbanki kapitalipositsioon. Toimus esimese taseme täiendavate
omavahendite hulka (AT1) kuuluvate võlakirjade suunatud emissioon, mis osutus
igati edukaks. Esialgne maht 3 miljonit eurot märgiti üle ja lõplikult suurenes
emissiooni maht 3,39 miljoni euroni.
Bigbanki 2023. aasta mai majandustulemused:
* Klientide hoiused ja saadud laenud kasvasid aastaga 403 miljonit eurot 1,56
miljardi euroni (+35%).
* Nõuded klientidele kasvasid aastaga 366 miljonit eurot 1,45 miljardi euroni
(+34%).
* Neto intressitulud olid mais 8,5 miljonit eurot, aasta viie esimese kuuga
kokku 38,5 miljonit eurot. Viie esimese kuu võrdluses aasta taguse sama
perioodiga oli kasv 5,7 miljonit eurot (+17%).
* Neto laenunõuete ja finantsinvesteeringute allahindluste maht on aasta viie
esimese kuuga 7,1 miljonit eurot, võrreldes aasta taguse ajaga on kasv 0,2
miljonit eurot ehk 3%.
* Mai puhaskasum oli 3,6 miljonit eurot. Viie esimese kuu kasum kokku
moodustas 15,6 miljonit eurot, kasv võrreldes 2022. aastaga 5,0 miljonit
eurot ehk 48%.
* Omakapitali tootlus on viie esimese kuu koondvaates 17,1%.
Kasumiaruanne, tuhandetes eurodes May 23 YTD23 YTD22 Erinevus YoY
-------------------------------------------------------------------------------
Neto tegevustulud kokku, sh. 8 932 42 056 35 607 6 449 +18%
Neto intressitulu 8 465 38 458 32 794 5 664 +17%
Neto teenustasud 497 3 334 3 002 332 +11%
Tegevuskulud kokku, sh. -3 611 -17 323 -16 920 -402 +2%
Palgakulud -1 946 -9 610 -8 611 -999 +12%
Halduskulud -1 303 -6 026 -6 705 680 -10%
Kasum enne allahindluste kulu 5 322 24 733 18 687 6 046 +32%
Neto laenunõuete ja
finantsinvesteeringute
allahindlused -1 089 -7 089 -6 872 -217 +3%
Tulumaks -559 -1 957 -1 274 -683 +54%
Aruandeperioodi jätkuvate tegevuste
kasum 3 674 15 687 10 541 5 146 +49%
Kasum/Kahjum lõpetatud tegevustest -60 -132 0 -132
-------------------------------------------------------------------------------
Aruandeperioodi kasum 3 613 15 555 10 541 5 015 +48%
-------------------------------------------------------------------------------
Ärimahud, tuhandetes eurodes May 23 YTD23 YTD22 Erinevus YoY
-------------------------------------------------------------------------------
Klientide hoiused ja saadud laenud 1 564 651 1 564 651 1 161 320 403 331 +35%
Nõuded klientidele 1 448 792 1 448 792 1 082 897 365 895 +34%
Võtmenäitajad May 23 YTD23 YTD22 Erinevus YoY
-------------------------------------------------------------------------------
ROE 19,6% 17,1% 13,6% +3,5pp
Kulu/ tulu suhe (C/I) 40,4% 41,2% 47,5% -6,3pp
Soovitusindeks (NPS) 58 57 48 +9
Bigbank AS (www.bigbank.ee
(https://www.globenewswire.com/Tracker?data=tbg54ksp0HW2JdJ-
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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 (https://www.globenewswire.com/Tracker?data=tbg54ksp0HW2JdJ-
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Content of announcement in English
Title
Bigbank's Financial Results for May 2023
Message
May 2023 was another successful month for Bigbank. Both the loan portfolio and
the deposit portfolio continued to grow. The trend, according to which the
deposit portfolio grew faster than the loan portfolio, also continued. This is
justified by the fact that Bigbank is continuing to pass on the impact of the
growing Euribor by consistently offering its deposit customers one of the
highest deposit rates in the markets of its operation.
At the end of May, Bigbank entered the Finnish market with a savings deposit
product, which has so far gained great popularity among customers in Germany,
the Netherlands and Austria. It is expected that the Finnish savings deposit
will make a significant contribution to the group's deposit portfolio in the
coming months.
The relatively low volume of net loss allowances on loans and financial
investments is also positive. With a loan portfolio that is more than a third
larger than a year ago, thanks to the continued high quality of the loan
portfolio, the volume of discounts has increased by only 3% compared to the same
period last year in a five-month consolidated view.
Bigbank's capital position also strengthened in May. Bigbank carried out a
private placement of Additional Tier 1 Temporary Write-Down Notes (AT1 bonds),
which turned out to be a complete success. The initial volume of 3 million euros
was oversubscribed and the volume of the issue finally increased to 3.39 million
euros.
Bigbank financial results for May 2023:
* Deposits from customers and loans raised grew by 403 million euros on year,
rising to 1.56 billion euros (+35%) in the year.
* Receivables from customers increased by 366 million euros to 1.45 billion
euros (+34%).
* Net interest income was 8.5 million euros in May, a total of 38.5 million
euros in the first five months of the year. In the comparison of the first
five months with the same period last year, the increase was 5.7 million
euros (+17%).
* In the first five months of the year, the volume of net loan claims and
discounts on financial investments is 7.1 million euros, compared to a year
ago, the increase is 0.2 million euros, or 3%.
* May's net profit was 3.6 million euros. The total profit of the first five
months was 15.6 million euros, an increase of 5.0 million euros, or 48%
compared to 2022.
* The return on equity is 17.1% in the consolidated view of the first five
months.
Income statement, in thousands of Difference
euros May 2023 YTD23 YTD22 YoY
-------------------------------------------------------------------------------
Total net operating income, incl. 8,932 42,056 35,607 6,449 +18%
Net interest income 8,465 38,458 32,794 5,664 +17%
Net fee and commission income 497 3,334 3,002 332 +11%
Total expenses, incl. -3,611 -17,323 -16,920 -402 +2%
Salaries and associated charges -1,946 -9,610 -8,611 -999 +12%
Administrative expenses -1,303 -6,026 -6,705 680 -10%
Profit before loss allowances 5,322 24,733 18,687 6,046 +32%
Net loss allowances on loans and
financial investments -1,089 -7,089 -6,872 -217 +3%
Income tax expense -559 -1,957 -1,274 -683 +54%
Profit for the period from
continuing operations 3,674 15,687 10,541 5,146 +49%
Profit or loss before tax from
discounted operations -60 -132 0 -132
-------------------------------------------------------------------------------
Profit for the period 3,613 15,555 10,541 5,015 +48%
-------------------------------------------------------------------------------
Business volumes, in thousands of Difference
euros May 2023 YTD23 YTD22 YoY
-------------------------------------------------------------------------------
Customer deposits and loans
received 1,564,651 1,564,651 1,161,320 403,331 +35%
Loans to customers 1,448,792 1,448,792 1,082,897 365,895 +34%
Key figures Difference
May 2023 YTD23 YTD22 YoY
-------------------------------------------------------------------------------
ROE 19.6% 17.1% 13.6% +3.5pp
Cost / income ratio (C/I) 40.4% 41.2% 47.5% -6.3pp
Net promoter score (NPS) 58 57 48 +9
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