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Bigbank AS Results for July 2025

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Bigbank's loan portfolio grew by 59 million euros in July, marking the largest
monthly increase in 2025. The growth was once again driven by focus products:
the business loan portfolio expanded by 30 million euros, the home loan
portfolio by 20 million euros, and the consumer loan portfolio by 9 million
euros. By the end of July, the total loan portfolio reached 2.5 billion euros.

The deposit portfolio grew by 71 million euros in July. This growth was led by
the savings deposit product, which increased by 73 million euros, while the term
deposit portfolio declined by 3 million euros. The trend continues where
maturing term deposits are being redirected into the more flexible savings
deposit product. The balance of Estonian retail customers' bank accounts grew by
1.0 million euros during the month, reaching 4.3 million euros by the end of
July. All bank account holders continue to earn a market-leading 2% interest.

A stabilising interest rate environment has eased pressure on net interest
income. In July, the 6-month Euribor remained at 2.05%, keeping interest levels
stable for Euribor-linked business and home loans. Meanwhile, the average
interest rate on the deposit portfolio has slightly declined. Net interest
income for the first seven months of 2025 increased by 1.7 million euros
compared to the same period last year.

The credit quality of the loan portfolio continued to improve. Compared to the
first seven months of 2024, net allowances for expected credit losses and
provision expenses decreased by 9.1 million euros, or 60%. This improvement was
primarily driven by better repayment behaviour in the consumer loan segment
across all three Baltic countries. The share of non-performing exposures (Stage
3) remained stable at 4.7% as of the end of June.

Net profit for July was 3.6 million euros - a strong result. In addition to the
increase in net interest income and the decline in credit losses, net fee and
commission income rose by 0.8 million euros over the seven-month period, while
administrative expenses decreased by 0.3 million euros.

Bigbank's team grew to 614 employees by the end of July. The expansion of the
team, combined with salary increases, led to a 3.7 million euro rise in
personnel expenses compared to the same period last year. A negative development
was the 1.9 million euro increase in income tax expenses over the seven-month
period, mainly due to higher income tax rates introduced in Estonia and
Lithuania at the beginning of 2025.

Bigbank's key financial indicators for July 2025:

  * Customer deposits and loans received increased by 482 million euros year-on-
    year, reaching 2.7 billion euros (+21%).
  * Loans to customers grew by 518 million euros year-on-year, reaching 2.5
    billion euros (+26%).
  * Net interest income totalled 9.3 million euros in July; the seven-month
    total reached 60.6 million euros. Compared to the same period last year, net
    interest income increased by 1.7 million euros (+3%).
  * Net allowance for expected credit losses and provision expenses totalled
    6.1 million euros in the first seven months of the year, down 9.1 million
    euros or 60% year-on-year.
  * Net profit in July was 3.6 million euros. Cumulative profit for the first
    seven months amounted to 22.3 million euros, an increase of 3.1 million
    euros or 16% compared to the same period in 2024.
  * Return on equity in July was 15.1%.


 Income statement, in thousands of                                   Difference
 euros                               July 2025     YTD25     YTD24          YoY

 Total net operating income, incl.       9,182    66,208    65,142   1,066  +2%

 Net interest income                     9,265    60,601    58,880   1,721  +3%

 Net fee and commission income             883     5,956     5,182     774 +15%

 Total expenses, incl.                  -4,678   -32,004   -26,822  -5,182 +19%

 Salaries and associated charges        -2,991   -18,726   -15,073  -3,652 +24%

 Administrative expenses                  -952    -6,579    -6,887     308  -4%

 Profit before loss allowances           4,503    34,204    38,320  -4,116 -11%

 Net allowance for expected credit
 losses and provision expenses             -85    -6,128   -15,255   9,127 -60%

 Income tax expense                       -869    -5,784    -3,859  -1,925 +50%

 Profit for the period from
 continuing operations                   3,550    22,291    19,205   3,086 +16%

 Profit or loss before tax from
 discounted operations                       0         0        29     -29

 Profit for the period                   3,550    22,291    19,234   3,057 +16%





 Business volumes, in thousands of                                   Difference
 euros                               July 2025     YTD25     YTD24          YoY

 Customer deposits and loans
 received                            2,727,485 2,727,485 2,245,878 481,607 +21%

 Loans to customers                  2,491,621 2,491,621 1,973,363 518,258 +26%



 Key figures                                                         Difference
                                     July 2025     YTD25     YTD24          YoY

 ROE                                     15.1%     13.8%     13.2%  +0.6pp

 Cost / income ratio (C/I)               51.0%     48.3%     41.2%  +7.2pp

 Net promoter score (NPS)                   60        58        58      +0


Compared to the financial results published for July 2024, the net interest
income and net allowance for expected credit losses for the same period last
year have been adjusted, reducing both by 1.7 million euros. The adjustment is
related to an identified error, where interest income from impaired financial
assets had been calculated based on the gross position of the assets rather than
on a net basis. This correction does not impact the net profit for July 2024.

Bigbank AS (www.bigbank.eu
(https://www.globenewswire.com/Tracker?data=hY8CjFiPR3c6DeStsqMkhgsx_6ONCJBFpxik
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TdWZ78uv2XZCBiKBAQU3PtaQpmhBttRP7K7IgHpyGx6zaycnoNq4zN12PgvDLLkF3Yo2c-
NL_XM0e6RGjTZM5iviaRwnFoihVIDkZhkNfyyuW662SqWaHuHnpgEE0Asr9yg6emh6CWxD8-
i4yRItveZ1gICWRzYQb-i6KAbE-SI6-OQwNI_L7OmwROxAFZwqIwA3jRg==)), with over 30
years of operating history, is a commercial bank owned by Estonian capital. As
of 31 July 2025, the bank's total assets amounted to 3.1 billion euros, with
equity of 284 million euros. Operating in nine countries, the bank serves over
175,000 active customers and employs more than 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]
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www.bigbank.ee
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