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
Half-yearly financial report
Unique data record identifier
10507
Attachments
Submission date and time
28.07.2023 08:00:00
Content of announcement in Estonian
Title
Bigbanki 2023. aasta II kvartali auditeerimata majandustulemused
Message
Bigbanki laenuportfell kasvas rekordilise 1,5 miljardi euroni, suurenedes kvartaliga 89 miljoni euro võrra (+6%) ja esimese poolaastaga 162 miljoni euro võrra (+12%). Eluasemelaenude portfell kasvas kvartaliga 23 miljoni euro võrra (+9%) 269 miljoni euroni, ärilaenude portfell 37 miljoni euro võrra (+7%) 550 miljoni euroni ning tarbimislaenude portfell 19 miljoni euro võrra (+3%) 693 miljoni euroni. 2022. aasta teise kvartaliga võrreldes kasvas kogu laenuportfell 390 miljoni euro võrra (+35%). Teises kvartalis püsis laenuportfelli kvaliteet jätkuvalt heal tasemel. Kvartali lõpus oli vaid 1,3% laenunõuetest üle 90 päeva viivituses. Kontserni hoiuseportfell kasvas kvartaliga 100 miljoni euro võrra (+7%) ja poolaastaga 231 miljoni euro võrra (+17%) 1,6 miljardi euroni. 2022. aasta esimese poolaastaga võrreldes kasvas Kontserni hoiuseportfell kokku 430 miljoni euro võrra (+37%). Tähtajaliste hoiuste portfell suurenes 2023. aasta esimeses poolaastas 136 miljonit eurot (+18%) 877 miljoni euroni. Säästuhoiuseportfell kasvas 94 miljonit eurot (+15%) 721 miljoni euroni. Bigbanki 2023. aasta esimese kuue kuu puhaskasum oli 17,0 miljonit eurot, 2022. aasta samal perioodil oli see 14,1 miljonit eurot. Kasv ulatus 2,9 miljoni euroni (+21%). 2023. aasta teise kvartali kasum 7,4 miljonit eurot jäi 4% alla eelmise aasta sama perioodi kasumile, mis oli 7,7 miljonit eurot. 2023. aasta kuue kuu kasum enne allahindlusi ja tulumaksu ulatus 28,9 miljoni euroni, kasvades võrreldes eelmise aasta sama perioodiga 6,2 miljoni euro võrra. Laenude allahindluse kulu oli samal perioodil 9,0 miljonit eurot. Laenude allahindluse kulu kasvas oluliselt suurenenud portfelli juures võrreldes 2022. aasta esimese poolaastaga 2,4 miljoni euro võrra (+36%). Kontserni 2023. aasta esimese kuue kuu netointressitulud ulatusid 46,7 miljoni euroni, ületades 2022. aasta sama perioodi taset (39,7 miljonit eurot) 7,0 miljoni euro võrra. Teise kvartali netointressitulud olid 24,2 miljonit eurot, mis on 3,6 miljonit eurot enam kui 2022. aasta teises kvartalis. Kontserni kinnisvarainvesteeringute portfell, mis sisaldab nii põllumaid kui ka äripindu, ulatus kvartali lõpus 45,5 miljoni euroni. Võrreldes eelmise kvartali lõpuga vähenes kinnisvarainvesteeringute portfell 1,0 miljoni euro võrra. Kasumiaruanne, tuhandetes II kvartal II kvartal eurodes 2023 2022 6 kuud 2023 6 kuud 2022 ------------------------------------------------------------------------------- Neto intressitulu 24 181 20 623 46 700 39 742 Neto teenustasud 2 046 1 841 4 019 3 620 Netokasum finantsvaradelt 439 -210 1 011 -320 Neto tegevustulud -536 -86 -653 -178 ------------------------------------------------------------------------------- Neto tegevustulud kokku 26 130 22 168 51 077 42 864 ------------------------------------------------------------------------------- Palgakulud -5 963 -5 252 -11 615 -10 179 Halduskulud -3 790 -4 175 -7 313 -8 060 Põhivara kulum ja väärtuse langus -1 347 -915 -2 360 -1 796 Muu kasum (kahjum) -966 -121 -961 -131 ------------------------------------------------------------------------------- Tegevuskulud kokku -12 066 -10 463 -22 249 -20 166 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 14 064 11 705 28 828 22 698 ------------------------------------------------------------------------------- Neto laenunõuete ja finantsinvesteeringute allahindlused -5 053 -2 795 -8 962 -6 558 Kasum enne maksustamist 9 011 8 910 19 866 16 140 Tulumaks -1 169 -993 -2 282 -1 762 ------------------------------------------------------------------------------- Aruandeperioodi jätkuvate tegevuste kasum 7 842 7 917 17 584 14 378 ------------------------------------------------------------------------------- Kahjum lõppenud tegevustest -497 -239 -618 -316 ------------------------------------------------------------------------------- Aruandeperioodi kasum 7 345 7 678 16 966 14 062 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuhandetes eurodes 30.06.2023 31.03.2023 31.12.2022 30.06.2022 ------------------------------------------------------------------------------- Raha ja raha ekvivalendid 297 194 258 316 173 447 173 611 Võlaväärtpaberid 14 877 18 531 19 213 46 065 Nõuded klientidele 1 512 110 1 422 702 1 349 811 1 114 146 Muud varad 91 116 104 985 103 918 101 584 ------------------------------------------------------------------------------- Varad kokku 1 915 297 1 804 534 1 646 389 1 435 406 ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 1 607 328 1 507 115 1 376 934 1 204 918 Allutatud võlakirjad 66 014 62 908 40 113 20 023 Muud kohustised 17 066 17 310 15 912 17 449 ------------------------------------------------------------------------------- Kohustised kokku 1 690 408 1 587 333 1 432 959 1 242 390 ------------------------------------------------------------------------------- Omakapital 224 889 217 201 213 430 193 016 ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 1 915 297 1 804 534 1 646 389 1 435 406 ------------------------------------------------------------------------------- Bigbank AS juhatuse esimehe Martin Läntsi kommentaar: ?Vaatamata ebakindlale väliskeskkonnale ja intressimäärade jätkuvale kasvule on 2023. aasta esimese kuue kuu Bigbanki finantstulemused ning laenude- ja hoiusteportfelli kasv väga head. Bigbanki laenuportfell on kasvanud 2023 esimese poolaastaga jõudsalt kõikides tootekategooriates ning olles suunanäitajaks õiglase hoiuseintressi maksjana, on ka meie hoiuste mahud ootuspäraselt kasvanud. Ärilaenude- ja liisingute müügimaht teises kvartalis ulatus 101 miljonit euroni, seejuures kasvas ärilaenude müük esimese kvartaliga võrreldes 83% võrra. Märkimisväärne on seejuures ka müügi struktuurne muutus. Kui veel aasta tagasi moodustasid ärilaenude müügist peamise osa elamispindade arendused, siis sellel aastal annavad tooni oma tarbeks ehitatavad tootmis- või laohooned ja pikaajalist tulu teenivad ärikinnisvara arendused. Lisaks ärilaenude- ja liisingute müügiedule on näha positiivset trendi ka kodulaenude vallas. Pidevalt kasvav kodulaenude portfell näitab, et paljud kliendid on meid usaldanud oma kodu finantseerimisel, mis omakorda tõestab, et oleme suutnud neile enda konkurentidest paremaid laenutingimusi pakkuda. Teises kvartalis aitas Bigbanki tegevuse finantseerimisele kaasa esimese taseme täiendavatesse omavahenditesse (AT1) kuuluvate võlakirjade suunatud emissioon, millega kaasasime 3,39 miljonit eurot täiendavat kapitali. Olen tänulik kõikidele investoritele usalduse eest. 2023. aasta teine kvartal oli Bigbankile oluline verstapost ka selle poolest, et kolisime mais Tallinnas uude kontorisse. Bigbanki peakontor asub nüüdsest Eesti Rahvusraamatukoguga samas majas aadressil Narva mnt. 11. Avar ja tänapäevane uus kontor annab töötajatele lisamotivatsiooni jätkamaks panustamist Bigbanki kasvuplaanidesse." 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 1,9 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 Q2 2023
Message
Bigbank's loan portfolio grew by 89 million euros (+6%) in Q2 and by 162 million euros (+12%) in H1, increasing to a record 1.5 billion euros. The home loan portfolio grew by 23 million euros (+9%) to 269 million euros, the corporate loan portfolio increased by 37 million euros (+7%) to 550 million euros and the consumer loan portfolio grew by 19 million euros (+3%) to 693 million euros during the quarter. Compared to Q2 2022, the gross loan portfolio increased by 390 million euros (+35%). The quality of the loan portfolio remained high in Q2 with just 1.3% of loans over 90 days past due at the reporting date. The deposit portfolio grew by 100 million euros (+7%) during the quarter and by 231 million euros (17%) during the half year, increasing to 1.6 billion euros. Compared to H1 2022, the deposit portfolio grew by 430 million euros (+37%). The term deposit portfolio increased by 136 million euros (+18%) to 877 million euros and the savings deposit portfolio grew by 94 million euros (+15%) to 721 million euros in H1 2023. Bigbank earned a net profit of 17.0 million euros in H1 2023, which is 2.9 million euros (+21%) more than in H1 2022 when net profit was 14.1 million euros. Net profit for Q2 2023 was 7.4 million euros, which is 4% less than a year earlier when Bigbank delivered a net profit of 7.7 million euros. Profit before loss allowances and income tax for H1 was 28.9 million euros, up 6.2 million euros on the same period last year. Expenses on credit loss allowances in the same period were 9.0 million euros. Due to significant growth in the loan portfolio, expenses on loss allowances increased by 2.4 million euros (+36%) compared to H1 2022. Net interest income for H1 was 46.7 million euros, exceeding the figure for the same period in 2022 (39.7 million euros) by 7.0 million euros. Net interest income for Q2 was 24.2 million euros, which is 3.6 million euros higher than in Q2 2022. The Group's investment property portfolio, which includes both agricultural land and commercial real estate, stood at 45.5 million euros at the end of the quarter. Compared to the end of Q1, the investment property portfolio decreased by 1.0 million euros. Income statement, in thousands of euros Q2 2023 Q2 2022 6M 2023 6M 2022 ------------------------------------------------------------------------------- Net interest income 24,181 20,623 46,700 39,742 Net fee and commission income 2,046 1,841 4,019 3,620 Net income (loss) on financial assets 439 -210 1,011 -320 Net other operating income -536 -86 -653 -178 ------------------------------------------------------------------------------- Total net operating income 26,130 22,168 51,077 42,864 ------------------------------------------------------------------------------- Salaries and associated charges -5,963 -5,252 -11,615 -10,179 Administrative expenses -3,790 -4,175 -7,313 -8,060 Depreciation, amortisation and impairment -1,347 -915 -2,360 -1,796 Other gains (losses) -966 -121 -961 -131 ------------------------------------------------------------------------------- Total expenses -12,066 -10,463 -22,249 -20,166 ------------------------------------------------------------------------------- Profit before loss allowances 14,064 11,705 28,828 22,698 ------------------------------------------------------------------------------- Net loss allowances on loans and financial investments -5,053 -2,795 -8,962 -6,558 Profit before income tax 9,011 8,910 19,866 16,140 Income tax expense -1,169 -993 -2,282 -1,762 ------------------------------------------------------------------------------- Profit for the period from continuing operations 7,842 7,917 17,584 14,378 ------------------------------------------------------------------------------- Loss from discontinued operations -497 -239 -618 -316 ------------------------------------------------------------------------------- Profit for the period 7,345 7,678 16,966 14,062 ------------------------------------------------------------------------------- Statement of financial position, in thousands of euros 30 June 2023 31 March 2023 31 Dec 2022 30 June 2022 ------------------------------------------------------------------------------- Cash and cash equivalents 297,194 258,316 173,447 173,611 Debt securities at FVOCI 14,877 18,531 19,213 46,065 Loans to customers 1,512,110 1,422,702 1,349,811 1,114,146 Other assets 91,116 104,985 103,918 101,584 ------------------------------------------------------------------------------- Total assets 1,915,297 1,804,534 1,646,389 1,435,406 ------------------------------------------------------------------------------- Customer deposits and loans received 1,607,328 1,507,115 1,376,934 1,204,918 Subordinated notes 66,014 62,908 40,113 20,023 Other liabilities 17,066 17,310 15,912 17,449 ------------------------------------------------------------------------------- Total liabilities 1,690,408 1,587,333 1,432,959 1,242,390 ------------------------------------------------------------------------------- Equity 224,889 217,201 213,430 193,016 ------------------------------------------------------------------------------- Total liabilities and equity 1,915,297 1,804,534 1,646,389 1,435,406 ------------------------------------------------------------------------------- Commentary by Martin Länts, chairman of the management board of Bigbank AS: "Despite the uncertainties in the external environment and the ongoing rise in interest rates, Bigbank delivered excellent financial results and strong growth in the loan and deposit portfolios in the first half of 2023. The loan portfolio grew vigorously across all product categories and the deposit portfolio expanded as anticipated, supported by our policy of leading the way in paying fair deposit interest. Sales of corporate loans and leases in the second quarter extended to 101 million euros with sales of corporate loans increasing by 83% compared to the first quarter. There has also been a notable change in the sales structure. While a year earlier corporate loans were mostly taken for housing development, this year the largest share of corporate loans has been taken to build production or warehouse facilities for own use and to develop commercial real estate in order to earn long-term income. In addition to successful sales of corporate loans and leases, there is a positive trend in the sales of home loans. A continuously growing home loan portfolio reflects that customers trust us as reliable partners in financing their homes and confirms that we have been able to offer them better terms than our competitors. The financing of Bigbank's operations in the second quarter was supported by the issue of bonds qualifying as additional own funds (AT1 capital) in a private placement by which we raised 3.39 million euros of additional capital. I am deeply grateful to all our investors for their trust and support. Bigbank passed an important milestone in the second quarter - in May we relocated our head office to a new building at Narva mnt 11 in Tallinn, which also houses the Estonian National Library. We hope that the spacious and modern new premises will provide our people with additional motivation to continue contributing to Bigbank's growth plans." 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 1.9 billion euros. Argo Kiltsmann Member of the Management Board Telephone: +372 5393 0833 Email: [email protected] www.bigbank.ee