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Pealkiri

Bigbank’s Financial Results for August 2023

Teade

August 2023 was again a month with solid growth and profit numbers for Bigbank.
In the lending business, the corporate, home, and consumer loan portfolios
continued to grow, with the home loan portfolio showing the greatest growth.
Total receivables from customers exceeded the significant level of 1.5 billion
euros for the first time.

In terms of offered deposit interest levels, Bigbank continues to be at the
forefront of its home markets, which explains the customers' persistent high
interest in deposit products. The largest growth was in the savings deposit
product, whose portfolio exceeded the EUR 800 million mark at the end of the
month, while the term deposit portfolio, still larger in absolute terms,
exceeded the EUR 900 million level at the end of August.

The quality of the loan portfolio continues to be stably strong. The volume of
loan discounts made during the 8 months of 2023 has increased in percentage
exactly as much as the claims to customers (+27%).

In August, Bigbank's capital position strengthened again. There was a directed
issue of notes qualifying as Additional Tier 1 (AT1) own funds of the bank,
which turned out to be successful. The initial volume of 3 million euros was
oversubscribed by 2.08 million euros, and the final issue volume was 5.08
million euros.

Bigbank's financial results for August 2023:

? Customer deposits and received loans grew by 487 million euros to 1.75 billion
euros (+38%) in the year.

? Receivables from customers grew by 325 million euros to 1.52 billion euros
(+27%).

? Net interest income was 8.9 million euros in August, a total of 64.3 million
euros in the first eight months of the year. Compared to the same period last
year, the increase in the first eight months was 10.1 million euros (+19%).

? In the first eight months of the year, the volume of net loan claims and
discounts on financial investments was 11.9 million euros, compared to a year
ago, the increase was 2.6 million euros or 27%.

? August's net profit was 3.3 million euros. The total profit of the first eight
months was 24.0 million euros, the increase compared to 2022 was 5.0 million
euros or 26%.

? Return on equity was 16.2% in the consolidated view of the first eight months.


 Income statement, in thousands of                                  Difference
 euros                                Aug 2023  YTD 2023  YTD 2022     YoY
-------------------------------------------------------------------------------
 Total net operating income, incl.       9,443    70,011    58,685  11,326 +19%

 Net interest income                     8,905    64,266    54,211  10,055 +19%

 Net fee and commission income             425     5,407     4,867     541 +11%

 Total expenses, incl.                  -4,083   -30,134   -27,929  -2,205  +8%

 Salaries and associated charges        -1,980   -15,632   -13,997  -1,635 +12%

 Administrative expenses                -1,454    -9,886   -11,154   1,268 -11%

 Profit before loss allowances           5,360    39,876    30,756   9,120 +30%

 Net loss allowances on loans and
 financial investments                  -1,603   -11,945    -9,384  -2,562 +27%

 Income tax expense                       -482    -3,328    -2,385    -943 +40%

 Profit for the period from
 continuing operations                   3,275    24,602    18,987   5,615 +30%

 Loss before tax from discounted
 operations                                  0      -617         0    -617
-------------------------------------------------------------------------------
 Profit for the period                   3,275    23,985    18,987   4,998 +26%
-------------------------------------------------------------------------------




 Business volumes, in thousands of                                  Difference
 euros                                Aug 2023  YTD 2023  YTD 2022     YoY
-------------------------------------------------------------------------------
 Customer deposits and loans
 received                            1,750,965 1,750,965 1,264,358 486,607 +38%

 Loans to customers                  1,522,992 1,522,992 1,197,629 325,362 +27%



 Key figures                                                        Difference
                                      Aug 2023  YTD 2023  YTD 2022     YoY
-------------------------------------------------------------------------------
 ROE                                     17.1%     16.2%     15.0%  +1.2pp

 Cost / income ratio (C/I)               43.2%     43.0%     47.6%  -4.5pp

 Net promoter score (NPS)                   60        58        51      +7


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 1.9 billion euros.

Argo Kiltsmann
Member of the Management Board
Telephone: +372 5393 0833
Email: [email protected]
www.bigbank.ee