Börsiteade
Bigbank AS
LEI kood
5493007SWCCN9S3J2748
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Krediidiasutus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
9907
Manused
Esitamise kuupäev ja aeg
27.10.2022 16:30:00
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Bigbanki 2022. aasta III kvartali ja 9 kuu auditeerimata majandustulemused
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Bigbank teenis 2022. aasta kolmandas kvartalis 14,3 miljonit eurot puhaskasumit, mida on 17,7% rohkem kui samal perioodil aasta tagasi. 2022. aasta 9 kuu kasum oli 28,4 miljonit eurot ehk 5,3 miljonit eurot rohkem (+23,0%) kui aasta varem. Kasum enne allahindlusi ja tulumaksu moodustas kolmandas kvartalis 20,4 miljonit eurot. Laenude allahindluse kulu oli kolmandas kvartalis 4,2 miljonit eurot. Intressitulud ulatusid 32,7 miljoni euroni ja 2021. aasta sama perioodiga võrreldes on intressitulu kasvanud 12,2 miljoni euro võrra (+59,8%). Bigbanki laenuportfell kasvas 9 kuuga 39,0% ja kolmandas kvartalis 12,2%. Kontserni toimiv laenuportfell moodustas kolmanda kvartali lõpus 1,2 miljardit eurot, ületades 2021. aasta lõpu näitajat 354,1 miljoni euro võrra (+39,8%). Enam kui 90 päeva maksetähtaega ületavate laenude osakaal koguportfellist oli 1,3%, mis aasta lõikes tähendas laenuportfelli kvaliteedi paranemise jätkumist, sest 2021. aasta 9 kuu seisuga oli vastav näitaja 3,0%. Ettevõtete panganduse segmendi kolmanda kvartali kasum ulatus 8,1 miljoni euroni, mis on 6,6 miljonit rohkem kui eelmises kvartalis. Ettevõtete panganduse tugevat kvartalikasumit mõjutas oluliselt lisaks kiirele laenuportfelli kasvule ja selle heale kvaliteedile ka eritingimustega investeerimislaenude alusvara väärtuse ümberhindluse tulem summas 6,9 miljonit eurot. Ümberhindluse tulem arvutatakse investeerimisriskiga laenudelt üks kord aastas lähtudes klientide kinnisvarainvesteeringute turuväärtuse muutusest ja selle jagamise määrast. Ärilaenude portfell kasvas kvartalis 68,7 miljoni euro võrra ehk 20,0%. Kolmandas kvartalis kasvas kodulaenuportfell 186,9 miljoni euroni (+27,7%). Aastalõpu seisuga võrreldes on kodulaenude kasv olnud enam kui pooleteistkordne. Hoiuste mahud kasvasid 9 kuuga 38,6% ning kolmandas kvartalis 6,5%. Hoiuseportfellis on kasv suurim endiselt säästuhoiuse tootes, mille maht kasvas kvartaliga 542,5 miljoni euroni (+10,7%). Kogu hoiuseportfellist moodustab säästuhoius kvartali lõpus 43,6%. Kontserni kinnisvarainvesteeringute portfell, mis sisaldab nii põllumaid kui äripindu, ulatus kvartali lõpus 47,4 miljoni euroni. +----------------------------+------------+------------+-----------+-----------+ |Kasumiaruanne, tuhandetes | III kvartal| III kvartal| | | |eurodes | 2022| 2021|9 kuud 2022|9 kuud 2021| +----------------------------+------------+------------+-----------+-----------+ |Neto intressitulu | 28 627| 18 493| 68 364| 51 161| +----------------------------+------------+------------+-----------+-----------+ |Neto teenustasud | 1 891| 1 676| 5 511| 4 652| +----------------------------+------------+------------+-----------+-----------+ |Netokasum finantsvaradelt | -161| -57| -464| -168| +----------------------------+------------+------------+-----------+-----------+ |Neto tegevustulud | 170| -426| 243| -1 302| +----------------------------+------------+------------+-----------+-----------+ |Neto tegevustulud kokku | 30 527| 19 686| 73 654| 54 343| +----------------------------+------------+------------+-----------+-----------+ |Palgakulud | -5 279| -4 308| -15 787| -12 616| +----------------------------+------------+------------+-----------+-----------+ |Halduskulud | -4 586| -3 780| -12 723| -10 221| +----------------------------+------------+------------+-----------+-----------+ |Põhivara kulum ja väärtuse | | | | | |langus | -1 034| -842| -3 003| -2 531| +----------------------------+------------+------------+-----------+-----------+ |Muu kasum (kahjum) | 804| 3 873| 673| 4 234| +----------------------------+------------+------------+-----------+-----------+ |Tegevuskulud kokku | -10 095| -5 057| -30 840| -21 134| +----------------------------+------------+------------+-----------+-----------+ |Kasum enne allahindluste | | | | | |kulu | 20 432| 14 629| 42 814| 33 209| +----------------------------+------------+------------+-----------+-----------+ |Neto laenunõuete ja | | | | | |finantsinvesteeringute | | | | | |allahindlused | -4 186| -1 488| -10 744| -7 988| +----------------------------+------------+------------+-----------+-----------+ |Kasum enne maksustamist | 16 246| 13 141| 32 070| 25 221| +----------------------------+------------+------------+-----------+-----------+ |Tulumaks | -1 946| -989| -3 708| -2 168| +----------------------------+------------+------------+-----------+-----------+ |Aruandeperioodi kasum | 14 300| 12 152| 28 362| 23 053| +----------------------------+------------+------------+-----------+-----------+ +-------------------------------------------+----------+----------+----------+ |Finantsseisundi aruanne, tuhandetes eurodes|30.09.2022|30.06.2022|30.09.2021| +-------------------------------------------+----------+----------+----------+ |Raha ja raha ekvivalendid | 141 163| 173 611| 109 535| +-------------------------------------------+----------+----------+----------+ |Võlaväärtpaberid | 45 171| 46 065| 47 066| +-------------------------------------------+----------+----------+----------+ |Nõuded klientidele | 1 258 177| 1 114 146| 760 725| +-------------------------------------------+----------+----------+----------+ |Muud varad | 103 356| 101 584| 101 999| +-------------------------------------------+----------+----------+----------+ |Varad kokku | 1 547 867| 1 435 406| 1 019 325| +-------------------------------------------+----------+----------+----------+ |Klientide hoiused ja saadud laenud | 1 281 161| 1 204 918| 826 064| +-------------------------------------------+----------+----------+----------+ |Allutatud võlakirjad | 40 049| 20 023| 5 055| +-------------------------------------------+----------+----------+----------+ |Muud kohustised | 17 521| 17 449| 14 990| +-------------------------------------------+----------+----------+----------+ |Kohustised kokku | 1 338 731| 1 242 390| 846 109| +-------------------------------------------+----------+----------+----------+ |Omakapital | 209 136| 193 016| 173 216| +-------------------------------------------+----------+----------+----------+ |Kohustised ja omakapital kokku | 1 547 867| 1 435 406| 1 019 325| +-------------------------------------------+----------+----------+----------+ Lisaks tavapärasele äritegevusele mõjutasid nii kolmanda kvartali tulemust kui ka edasist äritegevust mitmed asjaolud, mis on välja toodud alljärgnevalt. Perioodi tähtsündmuseks oli Bigbanki tagamata allutatud võlakirjade noteerimine Nasdaq Tallinna börsil 22. septembril. Emissiooni baasmaht 10 miljonit eurot märgiti enam kui kahekordselt üle. Pakkumise kogumaht kujunes lõpuks 20 miljoni euro suuruseks. Emiteeriti 20 tuhat võlakirja nimiväärtusega 1000 eurot, fikseeritud intressimääraga 8% aastas, tähtajaga 10 aastat. Antud 20 miljonit eurot täiendavat kapitali võimaldab pangal toetada edasist kasvu ettevõtete panganduses ja kodulaenude valdkonnas. Käesoleval aastal algas Bigbanki uus äristrateegia periood 2022-2026. Toetamaks uue äristrateegia elluviimist ning oodatud kapitalitootlikkuse saavutamist, on Bigbank AS-i juhatus võtnud vastu otsused edasise äritegevuse osas Rootsi ja Bulgaaria filiaalides. Augustis otsustati Rootsi filiaalis uute laenude väljastamine peatada alates 1. septembrist 2022 ja oktoobris otsustati Bulgaaria filiaalis uute laenude väljastamine peatada alates 1. novembrist 2022. Endiselt jätkatakse mõlemas filiaalis hoiuste kaasamist ning olemasoleva laenuportfelli teenindamist. Bigbanki juhatuse esimehe Martin Läntsi kommentaar: ?Hoolimata turbulentsest väliskeskkonnast on põhjust rõõmustada Bigbanki kolmanda kvartali majandustulemuste üle - perioodi iseloomustas tugev laenuportfelli kasv, jätkuvalt hea krediidiportfelli kvaliteet ja kõrge kasumlikkus. Kolmandas kvartalis kasvas laenuportfell enim äri- ja kodulaenude vallas, mis on ühtlasi ka panga äristrateegia üks olulistest eesmärkidest. Euriboriga seotud laenutoodete müügikasv annab võimaluse laenuportfelli mitmekesistada ning omab positiivset mõju panga kasumlikkusele tõusvate intresside keskkonnas, kui hoiuste kaasamine on varasemaga võrreldes kulukam. Käesoleval suvel läbis Bigbank reitinguagentuuri Moody's Investors Service hindamise ning sai pikaajalise investeerimisjärgu reitingu Baa3 ja lühiajalise reitingu Prime-3 välis- ja kohalikus vääringus pangahoiustele. 1. juulil 2022 Moody'se poolt avalikustatud investeerimisjärgu reiting on kinnituseks meie senistele hoiustajatele ja partneritele Bigbanki tegevusmudeli ja portfelli kvaliteedi kohta ning vajalik meie edasiste rahvusvaheliste laienemisplaanide rahastamiseks. Septembris läbiviidud tagamata allutatud võlakirjade emissiooni baasmaht märgiti enam kui kahekordselt üle. Bigbanki jaoks oli tegemist märgilise sündmusega, mis näitab, et investorid usuvad meie äristrateegiasse ning võimesse seda edukalt ellu viia. Tänan kõiki investorid usalduse eest." Bigbanki aruanded on leitavad aadressilt: https://investor.bigbank.eu/et/reporting/ Bigbank AS (www.bigbank.ee (https://www.bigbank.ee/)) on Eesti kapitalil põhinev era- ja äriklientide laenudele ja hoiustele keskendunud pank, millel on lisaks tegevusele Eestis filiaalid Soomes, Rootsis, Lätis, Leedus ja Bulgaarias ning mis pakub piiriülese teenusena oma tooteid ka Austrias, Saksamaal ja Hollandis. Bigbanki bilansimaht ületab 1,5 miljardit eurot. Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: [email protected] www.bigbank.ee (http://www.bigbank.ee)
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Bigbank Unaudited Financial Results for 2022 Q3 and 9 Months
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In the third quarter of 2022, Bigbank earned 14.3 million euros in net profit, which is 17.7% more than in the same period last year. The profit for the nine months of 2022 was 28.4 million euros, representing a year-over-year growth of 5.3 million euros (23.0%). Profit before loss allowances and income tax for the third quarter was 20.4 million euros. Expenses on credit loss allowances amounted to 4.2 million euros. Interest income amounted to 32.7 million euros, an increase of 12.2 million euros (59.8%) compared with the same period last year. The Bigbank loan portfolio grew, expanding in nine months by 39.0% and in the third quarter by 12.2%. At the end of the third quarter, the Group's performing loan portfolio amounted to 1.2 billion euros, exceeding the 2021 year-end figure by 354.1 million euros (39.8%). The share of loans over 90 days past due accounted for 1.3% of the total portfolio, indicating a continued improvement of the quality of the portfolio in the course of the year, as the same indicator was 3.0% for the nine months of 2021. The third quarter profit of the corporate banking segment amounted to 8.1 million euros, an increase of 6.6 million euros on the previous quarter. In addition to the rapid growth of the loan portfolio and its high quality, the strong quarterly profit of corporate banking segment was also significantly influenced by the gains from the revaluation of the underlying assets of investment loans with special conditions in the amount of 6.9 million euros. Revaluation gains on loans that carry investment risk are calculated annually, based on movements in the market value of customers' investment property and the agreed pattern of profit sharing. The corporate loan portfolio grew by 68.7 million euros (20.0%) during the quarter. The housing loan portfolio grew by 27.7% to 186.9 million euros in the third quarter. Compared with the end of 2021, the portfolio has increased by more than 1.5 times. In nine months, the deposits increased by 38.6% and in the third quarter by 6.5%. The fastest growth was again shown by savings deposits, which increased by 10.7% to 542.5 million euros in the third quarter, accounting for 43.6% of the deposit portfolio at the end of the quarter. The Group's investment property portfolio, which includes both agricultural land and commercial real estate, grew to 47.4 million euros by the end of the quarter. +----------------------------------------------+-------+-------+-------+-------+ |Income statement, in thousands of euros |Q3 2022|Q3 2021|9M 2022|9M 2021| +----------------------------------------------+-------+-------+-------+-------+ |Net interest income | 28,627| 18,493| 68,364| 51,161| +----------------------------------------------+-------+-------+-------+-------+ |Net fee and commission income | 1,891| 1,676| 5,511| 4,652| +----------------------------------------------+-------+-------+-------+-------+ |Net income (loss) on financial assets | -161| -57| -464| -168| +----------------------------------------------+-------+-------+-------+-------+ |Net other operating income | 170| -426| 243| -1,302| +----------------------------------------------+-------+-------+-------+-------+ |Total net operating income | 30,527| 19,686| 73,654| 54,343| +----------------------------------------------+-------+-------+-------+-------+ |Salaries and associated charges | -5,279| -4,308|-15,787|-12,616| +----------------------------------------------+-------+-------+-------+-------+ |Administrative expenses | -4,586| -3,780|-12,723|-10,221| +----------------------------------------------+-------+-------+-------+-------+ |Depreciation, amortisation and impairment | -1,034| -842| -3,003| -2,531| +----------------------------------------------+-------+-------+-------+-------+ |Other gains (losses) | 804| 3,873| 673| 4,234| +----------------------------------------------+-------+-------+-------+-------+ |Total expenses |-10,095| -5,057|-30,840|-21,134| +----------------------------------------------+-------+-------+-------+-------+ |Profit before loss allowances | 20,432| 14,629| 42,814| 33,209| +----------------------------------------------+-------+-------+-------+-------+ |Net loss allowances on loans and financial | | | | | |investments | -4,186| -1,488|-10,744| -7,988| +----------------------------------------------+-------+-------+-------+-------+ |Profit before income tax | 16,246| 13,141| 32,070| 25,221| +----------------------------------------------+-------+-------+-------+-------+ |Income tax expense | -1,946| -989| -3,708| -2,168| +----------------------------------------------+-------+-------+-------+-------+ |Profit for the period | 14,300| 12,152| 28,362| 23,053| +----------------------------------------------+-------+-------+-------+-------+ +-----------------------------------------+-----------+------------+-----------+ |Statement of financial position, in | | | | |thousands of euros |30 Sep 2022|30 June 2022|30 Sep 2021| +-----------------------------------------+-----------+------------+-----------+ |Cash and cash equivalents | 141,163| 173,611| 109,535| +-----------------------------------------+-----------+------------+-----------+ |Debt instruments at FVOCI | 45,171| 46,065| 47,066| +-----------------------------------------+-----------+------------+-----------+ |Loans to customers | 1,258,177| 1,114,146| 760,725| +-----------------------------------------+-----------+------------+-----------+ |Other assets | 103,356| 101,584| 101,999| +-----------------------------------------+-----------+------------+-----------+ |Total assets | 1,547,867| 1,435,406| 1,019,325| +-----------------------------------------+-----------+------------+-----------+ |Customer deposits and loans received | 1,281,161| 1,204,918| 826,064| +-----------------------------------------+-----------+------------+-----------+ |Subordinated notes | 40,049| 20,023| 5,055| +-----------------------------------------+-----------+------------+-----------+ |Other liabilities | 17,521| 17,449| 14,990| +-----------------------------------------+-----------+------------+-----------+ |Total liabilities | 1,338,731| 1,242,390| 846,109| +-----------------------------------------+-----------+------------+-----------+ |Equity | 209,136| 193,016| 173,216| +-----------------------------------------+-----------+------------+-----------+ |Total liabilities and equity | 1,547,867| 1,435,406| 1,019,325| +-----------------------------------------+-----------+------------+-----------+ In addition to regular activities, several circumstances had an impact on the third quarter results and the Group's future business in general: The most important event of the period was the listing of Bigbank unsecured subordinated bonds on the Nasdaq Tallinn Stock Exchange on 22 September. The base amount of 10 million euros was oversubscribed by more than twice. The size of the issue was 20 million euros. 20 thousand bonds were issued with a nominal value of 1,000 euros each, a fixed annual coupon rate of 8%, and a maturity of 10 years. 20 million euros of additional capital helps the bank sustain growth in the corporate banking and housing loan segments. This year the beginning of the new business strategy period of 2022-2026 started for Bigbank. In order to support the new business strategy and achieve the expected return on capital, the management board of Bigbank AS has made decisions concerning future operations of the Swedish and Bulgarian branches. In August it was decided to suspend the issue of new loans at the Swedish branch from 1 September 2022, in October it was decided to suspend the issue of new loans at the Bulgarian branch from 1 November 2022. The Group will continue raising deposits and servicing its existing loan portfolio in both Sweden and Bulgaria. Comment by the Bigbank Chairman of the Management Board Martin Länts: ?Despite the turbulent external environment, we have reason to be satisfied with the Bigbank third quarter financial performance - the period was characterised by a strong growth of the loan portfolio, continued improvement of its quality and good profits. In the third quarter the loan portfolio grew most in both the corporate loan and housing loan sectors, which is one of the most significant goals of the bank's business strategy. An increase in selling Euribor-linked loan products helps us diversify our portfolio and has a positive impact on the profits in a situation where interest rates are increasing and taking deposits is becoming more expensive. This summer the rating agency Moody's Investors Service completed the assessment of Bigbank and assigned the bank Baa3 long-term and Prime-3 short-term foreign and local currency bank deposit ratings. The investment-grade rating that Moody's assigned to us, as disclosed on 1 July 2022, is assurance to our current depositors and partners about Bigbank's operating model and the quality of our portfolio as well as supports our further international expansion. The base volume of the issue of unsecured subordinated bonds in September was oversubscribed by more than twice. This was a landmark achievement for Bigbank, indicating that the investors have faith in our business strategy and ability to successfully implement the strategy. I thank all the investors for placing their trust with Bigbank". The Bigbank financial statements can be found here: https://investor.bigbank.eu/reporting/ Bigbank AS (www.bigbank.eu (http://www.bigbank.eu)) is an Estonian capital-based bank specialised on loans and deposits for private and business clients. In addition to operations in Estonia, the bank has branches in Finland, Sweden, Latvia, Lithuania, and Bulgaria and offers its products in the form of cross- border services also in Austria, Germany, and the Netherlands. The Bigbank balance sheet total is more than 1.5 billion euros. Argo Kiltsmann Member of the Management Board Phone: +372 5393 0833 E-mail: [email protected] www.bigbank.ee (http://www.bigbank.ee)