Market announcement
Bigbank AS
Category
Other corporate action
Date
09.08.2024 09:00:00
Title
Bigbank AS 2024. aasta juuli tulemused
Message
Bigbanki laenuportfell kasvas jõudsalt ka juulis, 71 miljoni suurune kuine kasv on käimasoleval aastal rekordiline. Suurimat kuist kasvu näitasid eraldiseisvalt ärilaenu- ja kodulaenuportfell. Mõlema äriliini portfelli head kasvunumbrid näitavad, et vaatamata Eestis endiselt kiratsevale üldisele majandusolukorrale on Bigbanki laenupakkumised väga atraktiivsed nii eratarbijatest koduostjatele kui ka äriklientidele. Ka tarbimislaenuportfell näitas soliidset kasvu, jäädes kuises vaates napilt alla vaid tugevale mai tulemusele. Juulis kiirenes euribori alanemistempo - kuu lõpus langes 6 kuu euribor alla 3,6% taseme, mis on madalaim intressitase alates 2023. aasta maist. Enamikule äri- ja kodulaenuklientidele tähendab see jätkuvat intressimaksete leevendust, Bigbankile aga intressitulude kokku tõmbumist. Hoiuse poole pealt tähendab see klientidele deposiidiintresside vähendamist, eriti on turul märgata langust 1- aastaste ja pikemate tähtaegadega deposiitide intressimäärades. Bigbanki hoiuseportfellis on jätkuv teises kvartalis alanud trend, mille kohaselt üha enam hoiusekliente eelistab langevate intresside keskkonnas lühiajalist tähtajalist hoiust nii pikaajalisele tähtajalisele hoiusele kui ka säästuhoiusele. Kokkuvõttes tähendas see tähtajalise hoiuseportfelli kasvu ja säästuhoiuse portfelli vähenemist. Hoiuseportfell kokku kahanes juulis 18 miljoni euro võrra. Laenuportfelli krediidikvaliteet juulis ei halvenenud. Laenunõuete ja finantsinvesteeringute allahindluste ning eraldiste kulu maht oli 1,7 miljonit eurot, mis on võrreldes esimese poolaasta keskmise tasemega oluline langus. Jätkuvalt on madal mittetöötava laenuportfelli osakaal kogu laenuportfellist. Juuli 3,4 miljoni suurune puhaskasum on rahuldav tulemus. Võrreldes eelmise aasta seitsme kuu koondtulemusega on Bigbanki puhaskasum vähenenud 1,5 miljoni euro võrra. Peamisteks languse teguriteks on olnud neto laenunõuete ja finantsinvesteeringute allahindluste ning eraldiste mahu kasv, kuid oma osa on andnud ka kasvanud palga- ja tulumaksukulu. Viimase efekt tuleneb peamiselt Lätis krediidiasutustele kehtestatud tulumaksukohustusest, mis mõjutab finantstulemusi alates 2023. aasta detsembrist. Bigbanki 2024. aasta juuli majandustulemused: * Klientide hoiused ja saadud laenud kasvasid aastaga 585 miljonit eurot 2,2 miljardi euroni (+35%). * Nõuded klientidele kasvasid aastaga 429 miljonit 2,0 miljardi euroni (+28%). * Neto intressitulud olid juulis 9,2 miljonit eurot, aasta seitsme esimese kuuga kokku 60,6 miljonit eurot. Seitsme esimese kuu võrdluses aasta taguse sama perioodiga oli kasv 5,2 miljonit eurot (+9%). * Neto laenunõuete ja finantsinvesteeringute allahindluste maht ja eraldiste kulu kokku oli aasta seitsme esimese kuuga 16,9 miljonit eurot, võrreldes aasta taguse ajaga oli kasv 6,7 miljonit eurot ehk 65%. * Juuli puhaskasum oli 3,4 miljonit eurot. Seitsme esimese kuu kasum kokku moodustas 19,2 miljonit eurot, kahanedes võrreldes 2023. aasta sama perioodiga 1,5 miljonit eurot ehk 7%. * Omakapitali tootlus oli juulis 15,9%. Kasumiaruanne, tuhandetes eurodes Juuli 2024 7 kuud 2024 7 kuud 2023 Erinevus YoY ------------------------------------------------------------------------------- Neto tegevustulud kokku, sh 9 783 66 818 60 568 6 250 +10% Neto intressitulu 9 183 60 556 55 362 5 194 +9% Neto teenustasud 774 5 182 4 709 473 +10% Tegevuskulud kokku, sh -3 952 -26 822 -26 124 -697 +3% Palgakulud -2 310 -15 073 -13 652 -1 421 +10% Halduskulud -933 -6 887 -8 431 1 544 -18% Kasum enne allahindluste kulu 5 831 39 996 34 444 5 553 +16% Neto laenunõuete ja finantsinvesteeringute allahindlused ja eraldiste kulu -1 720 -16 932 -10 270 -6 662 +65% Tulumaks -727 -3 859 -2 846 -1 013 +36% Aruandeperioodi jätkuvate tegevuste kasum 3 384 19 205 21 328 -2 123 -10% Kasum/Kahjum lõpetatud tegevustest 0 29 -617 646 ------------------------------------------------------------------------------- Aruandeperioodi kasum 3 384 19 234 20 710 -1 476 -7% ------------------------------------------------------------------------------- Ärimahud, tuhandetes eurodes Juuli 2024 7 kuud 2024 7 kuud 2023 Erinevus YoY ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 2 245 878 2 245 878 1 660 907 584 972 +35% Nõuded klientidele 1 973 363 1 973 363 1 544 178 429 185 +28% Võtmenäitajad Juuli 2024 7 kuud 2024 7 kuud 2023 Erinevus YoY ------------------------------------------------------------------------------- ROE 15,9% 13,2% 17,1% -3,9pp Kulu/ tulu suhe (C/I) 40,4% 40,1% 43,1% -3,0pp Soovitusindeks (NPS) 48 58 57 +1 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 2,5 miljardit eurot. Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: argo.kiltsmann@bigbank.ee www.bigbank.ee
Title
Bigbank AS Results for July 2024
Message
Bigbank's loan portfolio also grew significantly in July, with a monthly increase of 71 million, which is a record for this year. The largest monthly growth was seen separately in the business loan and home loan portfolios. The strong growth figures in both business lines indicate that despite the still weak general economic situation in Estonia, Bigbank's loan offerings are very attractive to both private home buyers and business clients. The consumer loan portfolio also showed solid growth, falling just short of the strong May result in the monthly comparison. In July, the pace of Euribor's decline accelerated - by the end of the month, the 6-month Euribor fell below 3.6%, which is the lowest interest rate since May 2023. For most business and home loan clients, this means continued relief in interest payments, while for Bigbank, it results in reduced interest income. On the deposit side, this means a reduction in deposit interest rates for clients, especially noticeable in the decline of interest rates on 1-year and longer-term deposits. In Bigbank's deposit portfolio, the trend that started in the second quarter continues, where an increasing number of deposit clients prefer short- term fixed deposits in a declining interest rate environment over long-term fixed deposits and savings deposits. Overall, this resulted in growth in the fixed deposit portfolio and a decrease in the savings deposit portfolio. The total deposit portfolio decreased by 18 million euros in July. The credit quality of the loan portfolio did not deteriorate in July. The volume of impairments and provisions for loans and financial investments amounted to 1.7 million euros, which is a significant decrease compared to the average level of the first half of the year. The proportion of non-performing loans in the total loan portfolio remains low. July's net profit of 3.4 million euros is a satisfactory result. Compared to the cumulative results of the first seven months of last year, Bigbank's net profit has decreased by 1.5 million euros. The main factors contributing to this decline have been the increase in net loss allowances for loans and financial investments and provision expenses, but the rise in salary and income tax expenses has also had a significant impact. The latter is primarily due to the income tax obligation imposed on credit institutions in Latvia, which has affected financial results since December 2023. Bigbank's financial results for July 2024: * Deposits from customers and loans received increased by 585 million euros year-on-year, reaching 2.2 billion euros (+35%). * Loans to customers increased by 429 million euros year-on-year, reaching 2.0 billion euros (+28%). * Net interest income was 9.2 million euros in July, totalling 60.6 million euros for the first seven months of the year. Compared to the same period last year, the growth for the first seven months was 5.2 million euros (+9%). * Net loss allowances for loans and financial investments and provision expenses amounted to 16.9 million euros for the first 7 months of the year. Compared to the same period last year, this was an increase of 6.7 million euros or 65%. * July's net profit was 3.4 million euros. The cumulative profit for the first seven months was 19.2 million euros, decreasing by 1.5 million euros or 7% compared to the same period in 2023. * Return on equity was 15.9% in July. Income statement, in thousands of Difference euros July 2024 YTD24 YTD23 YoY ------------------------------------------------------------------------------- Total net operating income, incl. 9,783 66,818 60,568 6,250 +10% Net interest income 9,183 60,556 55,362 5,194 +9% Net fee and commission income 774 5,182 4,709 473 +10% Total expenses, incl. -3,952 -26,822 -26,124 -697 +3% Salaries and associated charges -2,310 -15,073 -13,652 -1,421 +10% Administrative expenses -933 -6,887 -8,431 1,544 -18% Profit before loss allowances 5,831 39,996 34,444 5,553 +16% Net loss allowances on loans and financial investments and other provisions -1,720 -16,932 -10,270 -6,662 +65% Income tax expense -727 -3,859 -2,846 -1,013 +36% Profit for the period from continuing operations 3,384 19,205 21,328 -2,123 -10% Profit or loss before tax from discounted operations 0 29 -617 646 ------------------------------------------------------------------------------- Profit for the period 3,384 19,234 20,710 -1,476 -7% ------------------------------------------------------------------------------- Business volumes, in thousands of Difference euros July 2024 YTD24 YTD23 YoY ------------------------------------------------------------------------------- Customer deposits and loans received 2,245,878 2,245,878 1,660,907 584,972 +35% Loans to customers 1,973,363 1,973,363 1,544,178 429,185 +28% Key figures Difference July 2024 YTD24 YTD23 YoY ------------------------------------------------------------------------------- ROE 15.9% 13.2% 17.1% -3.9pp Cost / income ratio (C/I) 40.4% 40.1% 43.1% -3.0pp Net promoter score (NPS) 48 58 57 +1 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 2,5 billion euros. Argo Kiltsmann Member of the Management Board Telephone: +372 5393 0833 Email: argo.kiltsmann@bigbank.ee www.bigbank.ee