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
18460
Attachments
Submission date and time
23.04.2026 08:00:01
Content of announcement in Estonian
Title
Bigbanki 2026. aasta esimese kvartali majandustulemused
Message
Bigbanki nõuded klientidele kasvasid esimese kvartali lõpuks rekordilise 2,8 miljardi euroni, suurenedes kvartaliga 126 miljoni euro võrra (+5%) ja aastaga 536 miljoni euro võrra (+23%). Eelmise kvartali lõpuga võrreldes kasvas ärilaenude portfell 109 miljoni euro võrra (+11%) 1,1 miljardi euroni, kodulaenude portfell 25 miljoni euro võrra (+3%) 844 miljoni euroni ja tarbimislaenude portfell 2 miljoni euro võrra (+0,3%) 856 miljoni euroni. Grupi hoiuseportfell kokku kasvas kvartaliga 127 miljoni euro võrra (+4%) ja aastaga 454 miljoni euro võrra (+18%) 3,0 miljardi euroni. Tähtajalise hoiuse portfell kasvas kvartaliga 61 miljoni euro võrra, jõudes 1,48 miljardi euroni (+4%), ja säästuhoiuseportfell 46 miljoni euro võrra, jõudes samuti 1,48 miljardi euroni (+3%). Kasvamist jätkas ka arvelduskontode maht, mis kvartaliga enam kui kahekordistus, jõudes 40 miljoni euro tasemeni. Bigbank pakub Baltikumi eraklientidele jätkuvalt turu parimat arvelduskonto teenust. 2% intress limiteerimata kontojäägilt, tasuta maksed ja igasuguste seotud kulude puudumine on muutnud Bigbanki arvelduskonto populaarseks valikuks. Bigbank teenis 2026. aasta esimeses kvartalis 7,5 miljonit eurot puhaskasumit. 2025. aasta sama perioodiga võrreldes oli puhaskasum 2,3 miljoni euro võrra väiksem. Vähenemise peamiseks põhjuseks oli kahjum kinnisvarainvesteeringute väärtuse muutuselt. Grupi põllumajandusmaade allahindlus oli esimeses kvartalis 2,6 miljonit eurot, eelmise aasta esimeses kvartalis kinnisvarainvesteeringute ümberhindlust ei toimunud. Antud mõju arvestamata oleks Bigbanki 2026. aasta esimese kvartali kasum olnud aastatagusest suurem. Esimese kvartali intressitulud moodustasid 49,4 miljonit eurot, kasvades eelmise aasta sama perioodiga võrreldes 3,2 miljoni euro võrra (+7%). Intressikulud moodustasid 20,2 miljonit eurot, vähenedes eelmise aasta sama perioodiga võrreldes 0,4 miljoni euro võrra ( 2%). Bigbanki netointressitulu oli seega aastataguse esimese kvartaliga võrreldes 3,6 miljoni euro võrra suurem (+14%), ulatudes 29,2 miljoni euroni. Laenuportfelli kvaliteet püsis esimeses kvartalis stabiilsena ja märke nõrgenevast maksekäitumisest ei olnud. Eeldatava krediidikahju netokulu vähenes 2025. aasta sama perioodiga võrreldes 1,6 miljoni euro võrra ja moodustas 3,0 miljonit eurot. Tarbimislaenude krediidikvaliteet paraneb jätkuvalt, kodulaenude oma on väga kõrge ja ärilaenude oma stabiilne. 3. etapi nõuete maht oli 123 miljonit eurot, püsides 4,3% juures laenunõuetest. Kasvavate ärimahtude taga on tugev ja suurenev Bigbanki meeskond. Töötajate arv kasvas kvartaliga 33 võrra (+5%) 672 töötajani. Aastaga on Bigbanki töötajate arv suurenenud 98 võrra (+17%). Meeskonna suurenemise peamised tegurid olid igapäevapanganduse toodete turule toomine ning laenu- ja hoiuseportfelli kasvu tingimustes klientidele jätkuvalt kõrgetasemelise teenuse pakkumine. Palgakulud kasvasid esimeses kvartalis 9,5 miljoni euroni, ületades 2025. aasta sama perioodi näitajat 2,0 miljoni euro võrra (+27%). Grupi kinnisvarainvesteeringute portfelli väärtus kahanes kvartaliga 2,8 miljoni euro võrra 81,9 miljoni euroni. Muutuse peamiseks põhjuseks oli grupi Eesti põllumajandusmaade allahindlus 2,6 miljoni euro ulatuses (5% portfelli väärtusest). Allahindluse põhjuseks oli turul toimunud tehinguhindade langus. Põllumaade rendirahavood püsisid varasemal tasemel. Esimeses kvartalis emiteeris Bigbank 3 miljoni euro ulatuses AT1 võlakirju, suurendades samas mahus esimese taseme täiendavaid omavahendeid. Kokku emiteeriti kahele investorile 30 võlakirja nimiväärtusega 100 000 eurot. 25. veebruaril 2026 allkirjastas Bigbank oma esimese sünteetilise väärtpaberistamise tehingu Euroopa Investeerimispanga grupiga, kuhu kuuluvad Euroopa Investeerimispank (EIP) ja Euroopa Investeerimisfond (EIF). Tehingu eesmärk on toetada uute laenude väljastamist väikestele ja keskmise suurusega ettevõtetele ning keskmise kapitalisatsiooniga ettevõtetele Eestis, Lätis ja Leedus, keskendudes eelkõige mikroettevõtetele, noortele ettevõtetele ja keskkonnasäästlikkusele. Tehingu raames annab EIF Bigbankile finantstagatise, mis hõlmab Bigbanki üle 210 miljoni euro suurust võrdluslaenuportfelli, mis koosneb Balti riikides ja Soomes antud laenudest, krediidiliinidest ja liisingutest. Täpsemalt pakub tagatis krediidiriski kaitset laenuportfelli 184 miljoni euro suurusele senior-osale ja 23 miljoni euro suurusele mezzanine? ehk vahefinantseerimisosale. EIF-i mezzanine?seeria ning osa senior?seeria riskipositsioonist on omakorda tagatud EIP vastugarantiiga. Võrdlusportfelli junior?seeria, mis on ligikaudu 3 miljonit eurot, jääb täielikult Bigbanki kanda. Tehingu tulemusel vähenevad Bigbanki regulatiivsed kapitalinõuded. Vastavalt tehingu tingimustele kavatseb Bigbank vabastatud kapitali ümber paigutada, andes järgmise kolme aasta jooksul ligikaudu 254 miljonit eurot täiendavat rahastust väikestele ja keskmise suurusega ettevõtetele ning keskmise kapitalisatsiooniga ettevõtetele. Bigbanki nõukogu otsustas 26. märtsil 2026 lõpetada Rootsi filiaali tegevuse alates 31. maist 2026 ja alustada seejärel filiaali sulgemisega. Bigbank lõpetas Rootsi filiaalis hoiuste kaasamise alates 27. märtsist 2026 ning jätkab üksnes olemasoleva hoiuseportfelli teenindamisega. Filiaali laenuportfell võõrandati juba 2025. aasta neljandas kvartalis, mistõttu on Rootsi filiaali tegevuse lõpetamise mõju Bigbanki finantstulemustele marginaalne. Kasumiaruanne, tuhandetes eurodes I kvartal 2026 I kvartal 2025 3 kuud 2026 3 kuud 2025 ------------------------------------------------------------------------------- Netointressitulu 29 209 25 574 29 209 25 574 Neto teenustasud 2 618 2 523 2 618 2 523 Netokasum finantsvaradelt -73 1 950 -73 1 950 Neto tegevustulud -1 165 -895 -1 165 -895 ------------------------------------------------------------------------------- Neto tegevustulud kokku 30 589 29 152 30 589 29 152 ------------------------------------------------------------------------------- Palgakulud -9 525 -7 477 -9 525 -7 477 Halduskulud -3 158 -2 752 -3 158 -2 752 Põhivara kulum ja väärtuse langus -2 399 -2 137 -2 399 -2 137 Muu kasum (kahjum) -2 599 14 -2 599 14 ------------------------------------------------------------------------------- Tegevuskulud kokku -17 681 -12 352 -17 681 -12 352 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 12 908 16 800 12 908 16 800 ------------------------------------------------------------------------------- Eeldatava krediidikahju netokulu -2 991 -4 635 -2 991 -4 635 Kasum enne maksustamist 9 917 12 165 9 917 12 165 Tulumaks -2 385 -2 301 -2 385 -2 301 ------------------------------------------------------------------------------- Aruandeperioodi jätkuvate tegevuste kasum 7 532 9 864 7 532 9 864 ------------------------------------------------------------------------------- Kasum lõppenud tegevustest 0 0 0 0 ------------------------------------------------------------------------------- Aruandeperioodi kasum 7 532 9 864 7 532 9 864 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuhandetes eurodes 31.03.2026 31.12.2025 31.03.2025 ----------------------------------------------------------------------------- Raha ja raha ekvivalendid 446 030 448 876 487 160 Võlaväärtpaberid 43 913 37 226 49 431 Nõuded klientidele 2 833 915 2 707 537 2 297 987 Muud varad 119 811 123 084 109 603 ----------------------------------------------------------------------------- Varad kokku 3 443 669 3 316 723 2 944 181 ----------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 3 014 460 2 887 687 2 560 513 Allutatud võlakirjad 110 040 106 744 95 943 Muud kohustised 20 685 22 891 16 885 ----------------------------------------------------------------------------- Kohustised kokku 3 145 185 3 017 322 2 673 341 ----------------------------------------------------------------------------- Omakapital 298 484 299 401 270 840 ----------------------------------------------------------------------------- Kohustised ja omakapital kokku 3 443 669 3 316 723 2 944 181 ----------------------------------------------------------------------------- Bigbank AS juhatuse esimehe Martin Läntsi kommentaar: "2026. aasta esimene kvartal oli Bigbankile edukas. Nii laenu- kui ka hoiusteportfell kasvasid ootuspäraselt ning laenuportfelli kvaliteet püsis stabiilsena. Aastatagusega võrreldes suurenesid ka panga netointressitulud. Lisaks headele finantstulemustele jätkasime igapäevapanganduse teenuste arendamist ja tootevaliku laiendamist. Balti riikides pakume eraklientidele selgelt eristuvat arvelduskontot: 2% intress kontojäägile, tasuta maksed ja lisakulude puudumine. Selle tulemusel on Bigbanki arvelduskonto pälvinud klientide seas tugeva vastuvõtu. Ainuüksi esimeses kvartalis kasvas arvelduskontoga klientide arv 46%, ulatudes kvartali lõpuks ligi 28 000 kliendini. 2025. aasta detsembris Eesti äriklientidele lansseeritud arveldusteenused toetasid panga strateegilist laienemist igapäevapanganduses ning arvelduskontode kasutajate arv kasvas esimeses kvartalis järjepidevalt. Äriklientide arvelduskonto pakkumine eristub sarnaselt eraklientidele turu parimate tingimustega. 2026. aasta teises kvartalis on Bigbanki fookuses järjepidev laenuportfelli kasv, deebetkaartide turule toomine Baltikumi eraklientidele ning arvelduskonto teenuse laiendamine äriklientidele Lätis ja Leedus." Rohkem kui 30-aastase tegevusajalooga Bigbank AS (www.bigbank.ee (https://www.globenewswire.com/Tracker?data=FaBrrlwxMqGO4FmIUVGvAbGahftmZFZfWMmo NYGRyNHoJj0S_a5wyaWH7rvPoN5XtnLg3eWqhGKLycgvnCD5rZsWXCIXFO62lPRt3IGdWV484EFGB0ug aP-A1pmuQnv_S5xGWwIep4Evg8AgNBWO5uO57yyJukZoPV- WZE2Qopc0QMxUVIYXvZQLugRwoOaLbtWzf_VM6LQsEVona9xHyk6I4vGZOHVg6Q80McppQkc=)) on Eesti kapitalile kuuluv kommertspank. 31. märts 2026 seisuga oli panga bilansimaht kokku 3,4 miljardit eurot ning omakapital 298 miljonit eurot. Üheksas riigis tegutseval pangal on kokku üle 196 000 aktiivse kliendi ning üle 650 töötaja. Reitinguagentuur Moody's on väljastanud Bigbankile pikaajalise pangahoiuste reitingu tasemel Ba1 ning baaskrediidireitingu (BCA) ja kohandatud BCA tasemel Ba2. Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: [email protected] (mailto:[email protected]) www.bigbank.ee (http://www.bigbank.ee)
Content of announcement in English
Title
Bigbank's Unaudited Financial Results for Q1 2026
Message
By the end of the first quarter, loans to customers stood at a record high of 2.8 billion euros, having increased by 126 million euros (+5%) over the quarter and by 536 million euros (+23%) year on year. Compared to the end of the previous quarter, the business loan portfolio grew by 109 million euros (+11%) to 1.1 billion euros, the home loan portfolio by 25 million euros (+3%) to 844 million euros and the consumer loan portfolio by 2 million euros (+0.3%) to 856 million euros. The group's total deposit portfolio grew by 127 million euros (+4%) quarter on quarter and by 454 million euros (+18%) year on year, reaching 3.0 billion euros. Compared to the end of the previous quarter, the term deposit portfolio grew by 61 million euros (+4%) to 1.48 billion euros, while the savings deposit portfolio increased by 46 million euros (+3%), also reaching 1.48 billion euros. The volume of current accounts also continued to grow, more than doubling to 40 million euros over the quarter. Bigbank continues to offer its retail customers in the Baltic countries the best current account service in the market. Features such as 2% interest on an unlimited account balance, free payments and no associated costs have made the Bigbank current account a popular choice. Bigbank earned a net profit of 7.5 million euros in the first quarter of 2026, 2.3 million euros less than in the same period in 2025. The reduction was driven by a loss on changes in the fair value of investment properties. The group's agricultural land was written down by 2.6 million euros in the first quarter, while no change in the value of investment properties was recorded in the same period last year. Excluding this impact, Bigbank's profit for the first quarter of 2026 would have been higher than a year ago. Interest income for the first quarter amounted to 49.4 million euros, an increase of 3.2 million euros (+7%) year on year. Interest expense was 20.2 million euros, a decrease of 0.4 million euros ( 2%) compared to the same period last year. As a result, Bigbank's net interest income increased by 3.6 million euros (+14%) compared to the first quarter of 2025, reaching 29.2 million euros. In the first quarter, the quality of the loan portfolio remained stable and there were no signs of weakening payment behaviour. Net expected credit loss allowances decreased by 1.6 million euros year on year, reaching 3.0 million euros. The credit quality of consumer loans continues to improve, while that of home loans is very high and that of business loans is stable. At the end of the period, stage 3 loans totalled 123 million euros, accounting for 4.3% of the total loan portfolio - a figure similar to that at the end of the previous quarter. Bigbank's strong and expanding team has played a key role in boosting the group's business volumes. The number of employees grew by 33 (+5%) during the quarter and by 98 (+17%) year on year, rising to 672. The main growth drivers were the launch of everyday banking products and the commitment to providing high-quality customer service in the context of growing loan and deposit portfolios. Salary expenses and associated charges increased to 9.5 million euros in the first quarter, exceeding the figure for the same period in 2025 by 2.0 million euros (+27%). During the quarter, the value of the group's investment property portfolio decreased by 2.8 million euros to 81.9 million euros. This was mainly due to the write-down of the group's agricultural land in Estonia by 2.6 million euros (5% of the portfolio value), prompted by a fall in transaction prices in the market. Cash inflows from leasing out agricultural land remained stable. Bigbank issued Additional Tier 1 (AT1) bonds in the amount of 3 million euros in the first quarter, increasing its common equity Tier 1 capital by the same amount. A total of 30 bonds with a nominal value of 100,000 euros each were issued to two investors. On 25 February 2026, Bigbank signed its first synthetic securitisation transaction with the EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF). The transaction aims to support new lending to small and medium-sized enterprises and mid-caps in Estonia, Latvia and Lithuania, with a particular focus on micro-enterprises, early-stage companies and environmental sustainability. Under the transaction, the EIF provides Bigbank with a financial guarantee covering a reference portfolio of over 210 million euros, consisting of loans, credit lines and leases originated in the three Baltic States and Finland. More specifically, the guarantee offers credit risk protection for the senior tranche of 184 million euros and the mezzanine tranche of 23 million euros. The EIF's exposure to the mezzanine tranche, as well as part of its exposure to the senior tranche, is in turn counter-guaranteed by the EIB. The junior tranche of the reference portfolio, amounting to approximately 3 million euros, is fully retained by Bigbank. The transaction will result in a reduction in Bigbank's regulatory capital requirements. In accordance with the terms of the transaction, Bigbank plans to redeploy the released capital by originating approximately 254 million euros of additional financing to small and medium-sized enterprises and mid-caps over the next three years. On 26 March 2026, Bigbank's supervisory board decided to terminate the activities of the Swedish branch with effect from 31 May 2026, after which the process of closing the branch will begin. Bigbank ceased accepting deposits at the Swedish branch on 27 March 2026 and will only continue to service the existing deposit portfolio. As the branch's loan portfolio was transferred in the fourth quarter of 2025, the termination of its operations will have a marginal impact on Bigbank's financial performance. Income statement, in thousands of euros Q1 2026 Q1 2025 3M 2026 3M 2025 ------------------------------------------------------------------------------- Net interest income 29,209 25,574 29,209 25,574 Net fee and commission income 2,618 2,523 2,618 2,523 Net income (loss) on financial assets -73 1,950 -73 1,950 Net other operating income -1,165 -895 -1,165 -895 ------------------------------------------------------------------------------- Total net operating income 30,589 29,152 30,589 29,152 ------------------------------------------------------------------------------- Salaries and associated charges -9,525 -7,477 -9,525 -7,477 Administrative expenses -3,158 -2,752 -3,158 -2,752 Depreciation, amortisation and impairment -2,399 -2,137 -2,399 -2,137 Other gains (losses) -2,599 14 -2,599 14 ------------------------------------------------------------------------------- Total expenses -17,681 -12,352 -17,681 -12,352 ------------------------------------------------------------------------------- Profit before loss allowances 12,908 16,800 12,908 16,800 ------------------------------------------------------------------------------- Net expected credit loss allowances -2,991 -4,635 -2,991 -4,635 Profit before income tax 9,917 12,165 9,917 12,165 Income tax expense -2,385 -2,301 -2,385 -2,301 ------------------------------------------------------------------------------- Profit for the period from continuing operations 7,532 9,864 7,532 9,864 ------------------------------------------------------------------------------- Profit from discontinued operations 0 0 0 0 ------------------------------------------------------------------------------- Profit for the period 7,532 9,864 7,532 9,864 ------------------------------------------------------------------------------- Statement of financial position, in thousands of euros 31 Mar 2026 31 Dec 2025 31 Mar 2025 ------------------------------------------------------------------------------- Cash and cash equivalents 446,030 448,876 487,160 Debt securities at FVOCI 43,913 37,226 49,431 Loans to customers 2,833,915 2,707,537 2,297,987 Other assets 119,811 123,084 109,603 ------------------------------------------------------------------------------- Total assets 3,443,669 3,316,723 2,944,181 ------------------------------------------------------------------------------- Customer deposits and loans received 3,014,460 2,887,687 2,560,513 Subordinated notes 110,040 106,744 95,943 Other liabilities 20,685 22,891 16,885 ------------------------------------------------------------------------------- Total liabilities 3,145,185 3,017,322 2,673,341 ------------------------------------------------------------------------------- Equity 298,484 299,401 270,840 ------------------------------------------------------------------------------- Total liabilities and equity 3,443,669 3,316,723 2,944,181 ------------------------------------------------------------------------------- Commentary by Martin Länts, chairman of the management board of Bigbank AS: "The first quarter of 2026 was a strong start for Bigbank. Both the loan and deposit portfolios grew in line with expectations, while the quality of the loan portfolio remained stable. Compared to the same period last year, the Bank's net interest income increased. Alongside solid financial results, we continued to advance our everyday banking strategy and expand our product offering. In the Baltics, we offer retail customers a clearly differentiated current account with 2% interest on account balance, free payments, and no associated fees. As a result, the Bigbank current account has gained strong traction. During the first quarter alone, the number of current account customers grew by 46%, reaching nearly 28,000 by quarter end. The launch of current accounts for Estonian corporate customers in December 2025 further supported our strategic expansion into everyday banking. Corporate demand developed steadily during the first quarter, supported by market?leading terms that mirror the strength of our retail offering. Looking ahead to the second quarter of 2026, Bigbank will focus on continued growth of the loan portfolio, the introduction of debit cards for retail customers in the Baltics, and the expansion of current account services for business customers in Latvia and Lithuania." Bigbank AS (www.bigbank.eu) (https://www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 March 2026, the bank's total assets amounted to 3.4 billion euros, with equity of 298 million euros. Operating in nine countries, the bank serves more than 196,000 active customers and employs over 650 people. The credit rating agency Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2. Argo Kiltsmann Member of the Management Board Telephone: +372 5393 0833 Email: [email protected] (mailto:[email protected]) www.bigbank.ee (https://www.bigbank.ee)