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Pealkiri

Bigbank AS Results for May 2025

Teade

May was a stable month for Bigbank - both the loan and deposit portfolios grew
at a steady pace, and profitability remained at a solid level.

The loan portfolio increased by a total of 43 million euros in May. The largest
contributions came from business loans and home loans, which grew by 22 million
and 15 million euros, respectively. The consumer loan portfolio grew by 6
million euros.

The deposit portfolio grew by a total of 26 million euros in May. In a declining
interest rate environment, the savings deposit product became more attractive to
customers, with its portfolio increasing by 18 million euros during the month.
The term deposit portfolio also returned to growth, increasing by 8 million
euros.

It is encouraging that despite falling interest rates, Bigbank has increased its
net interest income during the first five months of 2025. The strong growth of
the loan portfolio, along with maintaining the deposit portfolio at an optimal
volume and pricing level, has offset the decline in interest income caused by
the drop in Euribor and the upward pressure on interest expenses resulting from
the growth of the deposit portfolio. As of the end of May, net interest income
for 2025 exceeded the result for the same period in 2024 by 1 million euros.

A positive development was the continued decline in net allowances for expected
credit losses and provision expenses compared to 2024. In May, the expense
amounted to 0.9 million euros, bringing the total for the five-month period to
6.7 million euros - 4.4 million euros, or 40%, less than in the same period last
year. This improvement was primarily driven by better repayment behaviour in the
consumer loan segment across all three Baltic countries.

Net profit for May was 3.4 million euros, representing a strong result. In
addition to the increase in net interest income and the decline in net expected
credit losses, net fee and commission income rose by 0.5 million euros over the
five-month period, while administrative expenses decreased by 0.4 million euros.

Behind the bank's growth and profitability is a strong team, which had grown to
600 employees by the end of May. The expansion of the team, combined with salary
increases, led to a 2.2 million euro rise in personnel expenses over the five-
month period.

A negative development was the 1.3 million euro increase in income tax expenses
over the same period, mainly due to higher income tax rates introduced in
Estonia and Lithuania at the beginning of 2025.

Bigbank's key financial indicators for May 2025:

  * Customer deposits and loans received increased by 357 million euros over the
    year, reaching 2.57 billion euros (+16%).
  * Loans to customers grew by 564 million euros year-on-year, reaching 2.41
    billion euros (+31%).
  * Net interest income totalled 8.8 million euros in May; the five-month total
    reached 42.8 million euros. Compared to the same period last year, net
    interest income increased by 1.0 million euros (+2%).
  * Net allowance for expected credit losses and provision expenses totalled
    6.7 million euros in the first five months of the year, down 4.4 million
    euros or 40% year-on-year.
  * Net profit in May was 3.4 million euros. Cumulative profit for the first
    five months amounted to 16.3 million euros, an increase of 2.9 million euros
    or 22% compared to the same period in 2024.
  * Return on equity in May was 14.7%.

 Income statement, in thousands of                                  Difference
 euros                                May 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 Total net operating income, incl.       9,480    47,716    45,983   1,733  +4%

 Net interest income                     8,827    42,785    41,747   1,038  +2%

 Net fee and commission income             820     4,197     3,652     544 +15%

 Total expenses, incl.                  -4,377   -20,862   -18,922  -1,940 +10%

 Salaries and associated charges        -2,749   -12,742   -10,542  -2,199 +21%

 Administrative expenses                  -919    -4,569    -4,938     369  -7%

 Profit before loss allowances           5,103    26,853    27,060    -207  -1%

 Net allowance for expected credit
 losses and provision expenses            -866    -6,679   -11,076   4,397 -40%

 Income tax expense                       -844    -3,882    -2,615  -1,267 +48%

 Profit for the period from
 continuing operations                   3,392    16,292    13,369   2,923 +22%

 Profit or loss before tax from
 discounted operations                       0         0        29     -29
-------------------------------------------------------------------------------
 Profit for the period                   3,392    16,292    13,398   2,894 +22%
-------------------------------------------------------------------------------




 Business volumes, in thousands of                                  Difference
 euros                                May 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 Customer deposits and loans
 received                            2,574,153 2,574,153 2,216,907 357,246 +16%

 Loans to customers                  2,413,543 2,413,543 1,849,189 564,354 +31%



 Key figures                                                        Difference
                                      May 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 ROE                                     14.7%     14.3%     13.0%  +1.3pp

 Cost / income ratio (C/I)               46.2%     43.7%     41.2%  +2.6pp

 Net promoter score (NPS)                   55        58        58      +0


Compared to the financial results published for May 2024, the net interest
income and the net allowance for expected credit losses for the prior period
have been adjusted, both reduced by 1.1 million euros. The adjustment is related
to an identified error, where interest income from impaired financial assets had
been accrued on the gross exposure rather than on a net basis. This correction
does not impact the net profit for May 2024.

Bigbank AS (www.bigbank.eu (https://www.globenewswire.com/Tracker?data=YObK-
IQCfRpqF50r9_fO3eXHz-v-
ocSUJXWrAIdKF325a0pVOs5szHD8rie95in287wGNcLpi1Rf_RhOg0GC6SIux9Htza6l8aXzlFLU6u8=
)), with over 30 years of operating history, is a commercial bank owned by
Estonian capital. As of 31 May 2025, the bank's total assets amounted to 3.0
billion euros, with equity of 278 million euros. Operating in nine countries,
the bank serves more than 172,000 active customers and employs 600 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.globenewswire.com/Tracker?data=YObK-
IQCfRpqF50r9_fO3ash96NeMr0G5OPBSSpV9x4yZV5OtxQ__BqtDCecWqapgk45DBZrJqKZiL9YI5d6Z
0RFkG7Z78axx0dwtsfWZE0=)