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Pealkiri

Bigbank’s Financial Results for November 2023

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In November 2023, Bigbank's growth continued. Both the deposit portfolio and the
loan portfolio grew, while the profit was at a good level.

In deposits, the savings deposit portfolio showed strong growth, which grew in
all markets. In Estonia, Finland, Germany, Austria, and the Netherlands, we
offer savings deposit interests at the top of the market, and the rapidly
increasing number of customers shows interest in this product and growing trust
in Bigbank. The volume of term deposits increased only marginally and remained
at the level of EUR 0.9 billion.

In terms of loans, the home loan portfolio grew the most, the consumer loan
portfolio to a lesser extent. A slight decrease occurred in the portfolio of
business loans. All in all, receivables from customers increased to 1.65 billion
euros.

A certain decline in the quality of the loan portfolio can be seen. November's
EUR 2.1 million net loss allowance on loans brought the 11-month loan loss
allowances to a total of EUR 19.1 million, which indicates that some decline in
the quality of the loan portfolio has occurred during the year.

The net profit of EUR 3.3 million in November is a strong indicator. The
consolidated profit for the first 11 months of 2023 in the amount of 35.5
million euros already exceeds the consolidated profit for the 12 months of
2022, which was 33.7 million euros.

Bigbank's financial results for November 2023:

  * Customer deposits and loans received grew by 590 million euros to 1.93
    billion euros (+44%) in the year.
  * Receivables from customers increased by 317 million euros to 1.65 billion
    euros (+24%).
  * Net interest income was 8.7 million euros in November, a total of 91.2
    million euros in the first eleven months of the year. In the comparison of
    the first eleven months with the same period last year, the increase was
    15.1 million euros (+20%).
  * In the first eleven months of the year, the volume of net loss allowances on
    loans and financial investments was 19.1 million euros; compared to a year
    ago, the increase was 5.6 million euros or 42%.
  * November's net profit was 3.3 million euros. The total profit of the first
    eleven months was 35.5 million euros; the increase compared to 2022 same
    period was 8.6 million euros, or 32%.
  * Return on equity was 16.9% in the first eleven months.


 Income statement, in thousands of                                  Difference
 euros                                Nov 2023     YTD23     YTD22     YoY
-------------------------------------------------------------------------------
 Total net operating income, incl.       9,821   102,280    83,206  19,075 +23%

 Net interest income                     8,744    91,170    76,100  15,070 +20%

 Net fee and commission income             329     7,565     6,803     762 +11%

 Total expenses, incl.                  -3,985   -42,066   -38,414  -3,651 +10%

 Salaries and associated charges        -1,985   -21,711   -19,844  -1,866  +9%

 Administrative expenses                -1,332   -13,780   -15,482   1,701 -11%

 Profit before loss allowances           5,836    60,215    44,791  15,424 +34%

 Net loss allowances on loans and
 financial investments                  -2,087   -19,071   -13,448  -5,623 +42%

 Income tax expense                       -496    -5,101    -4,472    -629 +14%

 Profit for the period from
 continuing operations                   3,253    36,042    26,871   9,171 +34%

 Loss before tax from discounted
 operations                                  0      -557         0    -557
-------------------------------------------------------------------------------
 Profit for the period                   3,253    35,485    26,871   8,614 +32%
-------------------------------------------------------------------------------




 Business volumes, in thousands of                                  Difference
 euros                                Nov 2023     YTD23     YTD22     YoY
-------------------------------------------------------------------------------
 Customer deposits and loans
 received                            1,927,322 1,927,322 1,337,196 590,126 +44%

 Loans to customers                  1,645,174 1,645,174 1,328,189 316,985 +24%



 Key figures                                                        Difference
                                      Nov 2023     YTD23     YTD22     YoY
-------------------------------------------------------------------------------
 ROE                                     16.1%     16.9%     15.1%  +1.9pp

 Cost / income ratio (C/I)               40.6%     41.1%     46.2%  -5.0pp

 Net promoter score (NPS)                   59        58        52      +6


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 billion euros.

Argo Kiltsmann
Member of the Management Board
Telephone: +372 5393 0833
Email: argo.kiltsmann@bigbank.ee
www.bigbank.ee