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 price sensitive information
Unique data record identifier
2214
Submission date and time
30.04.2009 14:17:44
Content of announcement in Estonian
Title
BIGBANK teenis esimeses kvartalis 23,6 miljonit krooni kasumit
Message
BIGBANK AS teenis 2009. aasta esimese kolme kuuga kokku 23,6 miljonit krooni kasumit; panga laenuportfell kahanes samal alal 141 miljoni krooni võrra 2,1 miljardi kroonini. BIGBANKi 2009. aasta I kvartali esialgsete auditeerimata konsolideeritud majandustulemuste kohaselt ulatus panga varade maht bilansis 2,759 miljardi kroonini ja omakapitali maht 582,4 miljoni kroonini. I kvartali intressitulu oli 148 miljonit krooni ja intressikulu 58,7 miljonit krooni. BIGBANK teenis kolme kuuga 23,6 miljonit krooni kasumit (48,7 miljonit krooni 2008. aastal samal ajal). BIGBANKi kasumlikkust mõjutasid enim reservide moodustamine võimalike laenukahjude katteks, intressitulu langus ja tulu võlakirjade ennetähtaegsest tagasiostmisest. I kvartalis moodustati provisjone kokku 82,6 miljoni krooni väärtuses. BIGBANKi hoiusteportfell kasvas I kvartalis 133 miljoni krooni võrra 763,7 miljoni kroonini. BIGBANKi juhatuse esimees Targo Raus sõnas, et seoses laenude väljastamise mahu vähenemisega on kavas II kvartalis üle vaadata panga müügivõrgu efektiivsus. „Tarbimislaenude väljastamise maht on majanduse olukorrast tingituna täna umbes 2004. aasta tasemel ja oleme võtnud eesmärgiks kärpida vastavalt ka oma kulubaasi. Plaanide kohaselt sulgeme suve lõpuks Eestis 8 väiksemat ja vähemefektiivset kontorit, korraldades nende töö ümber suurematesse esindustesse. Seoses sellega väheneb ka töötajate arv nii esindustes kui tugisüsteemides kokku ca 15%,“ lausus Raus. BIGBANK avaldab I kvartali vahearuande mai lõpuks. BIGBANK AS on Eesti kapitalil põhinev spetsialiseerunud krediidiasutus, millel on filiaalid Lätis ja Leedus ning mis pakub piiriülese teenusena oma tooteid ka Soomes. BIGBANKi võlakirjad on noteeritud Stockholmi börsil. Targo Raus Juhatuse esimees Tel: 6309 938 [email protected]
Content of announcement in English
Title
BIGBANK's profit for the first quarter amounted to 23,6 million kroons.
Message
During the first three months of 2009 BIGBANK AS earned 23,6 million kroons of profit; at the same time bank's loan portfolio decreased by 141 million kroons to 2,1 billion kroons. According to preliminary BIGBANK's unaudited consolidated results for the first quarter of 2009 bank's assets reached 2,759 billion kroons and equity 582,4 million kroons. Interest income for the first quarter was 148 million kroons and interest expenses 58,7 million kroons. During the three months BIGBANK's profit amounted to 23,6 million kroons (48,7 million kroons during the same period in 2008). BIGBANK's profitability was influenced by formation of reserves for potential loan losses, decrease of interest income and income from acquisition of issued bonds before maturity. In the first quarter provisions were formed in total amount of 82,6 million kroons. During the first quarter BIGBANK's deposit portfolio increased by 133 million kroons reaching 763,7 million kroons. Targo Raus, BIGBANK's Chairman of Management Board said that in relation to decrease in issued loan volumes it is planned to review the efficiency of bank's sales network. „Due to current economic situation volume of issuing consumer loans is today at the level of year 2004 and we have decided to decrease our cost base accordingly. According to plans by the end of summer we will close 8 smaller and less efficient offices in Estonia rearranging their work to bigger offices. In relation to that number of employees will also decrease in offices as well as in support functions in total by approximately 15%,” said Raus. BIGBANK will publish its first quarter interim report by the end of May. BIGBANK AS is a specialised credit institution based on Estonian capital, which has branches in Latvia and Lithuania and provides its services on cross-border basis also in Finland. BIGBANK's bonds are listed in Stockholm Stock Exchange. Targo Raus Chairman of Management Board Tel: +372 6309 938 [email protected]