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Bigbank AS
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Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
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19.02.2024 19:00:00
Pealkiri
Bigbanki 2023. aasta neljanda kvartali ja 12 kuu auditeerimata majandustulemused
Teade
Bigbanki brutolaenuportfell kasvas neljanda kvartali lõpuks rekordilise 1,67 miljardi euroni, suurenedes kvartaliga 58 miljoni euro võrra (+4%) ja aastaga 306 miljoni euro võrra (+23%). Eluasemelaenude portfell kasvas kvartaliga 44 miljoni euro võrra (+14%) 351 miljoni euroni ja tarbimislaenude portfell 15 miljoni euro võrra (+2%) 736 miljoni euroni. Ettevõtete panganduse laenuportfell püsis neljandas kvartalis sisuliselt kolmanda kvartali lõpu tasemel (-0,2%). Hoiuseportfelli olulisemad arengud 2023. aasta neljandas kvartalis olid säästuhoiuste mahu jätkuv arvestatav kasv ja tähtajaliste hoiuste püsimine kolmanda kvartali lõpu tasemel. Märkimisväärseks verstapostiks oli säästuhoiuse turule toomine Leedus. Kontserni hoiuseportfell kokku kasvas kvartaliga 154 miljoni euro võrra (+9%) ja aastaga 570 miljoni euro võrra (+42%) 1,94 miljardi euroni. Tähtajaliste hoiuste portfell kahanes kvartaliga 3 miljonit eurot (- 0,4%) 916 miljoni euroni. Säästuhoiuseportfell kasvas kvartaliga 158 miljonit eurot (+18%) 1,02 miljardi euroni. Bigbank teenis 2023. aasta neljandas kvartalis 11,4 miljonit eurot puhaskasumit, 2023. aasta 12 kuu kasum oli 40,8 miljonit eurot. Võrreldes 2022. aasta korrigeeritud tulemustega jäi neljanda kvartali puhaskasum samale tasemele ja 12 kuu tulemus kasvas 25%. Tugeva tulemuse tegi neljandas kvartalis taas ettevõtete pangandus. Sellele aitasid kaasa laenuportfelli hea kvaliteet ning netokasum eritingimustega investeerimislaenude alusvarade väärtuse ümberhindlusest. Segmendi neljanda kvartali maksustamiseelne kasum ulatus 6,9 miljoni euroni, millest 3,9 miljonit eurot moodustas kasum õiglases väärtuses muutustega läbi kasumiaruande mõõdetud finantsvaradest. Neljanda kvartali neto intressitulu kasvas eelmise aasta sama ajaga võrreldes 3,9 miljonit eurot (+18%) ja ulatus 25,2 miljoni euroni. 12 kuu neto intressitulu kasvas eelmise aastaga võrreldes 15,6 miljonit eurot (+19%) ja ulatus 98,0 miljoni euroni. 2023. aasta kolme esimese kvartali jooksul laenuportfell ei nõrgenenud, kuid aasta viimases kvartalis ilmnes siiski mõningane kvaliteedi langus tarbimislaenude portfellis. Nõrk väliskeskkond on hakanud laenuklientidele teatavat negatiivset mõju avaldama ning kasvanud on nii makseviivituses olevate laenude osakaal kui ka laenunõuete allahindluse kulu. Laenunõuete allahindluse kulu suurenes neljandas kvartalis võrreldes 2022. aasta neljanda kvartaliga 2,2 miljoni euro võrra (+47%) ja aastate võrdluses 5,4 miljoni euro võrra (+35%). Võrreldes 2022. aasta lõpuga kasvas 3. etapi laenunõuete maht 2023. aasta lõpuks 21,1 miljoni euro võrra ja ulatus 2,8%-ni laenunõuetest (+1,0 protsendipunkti). Ärilaenude ja kodulaenude puhul krediidikvaliteedi halvenemisest rääkida ei saa. Kokkuvõttes on laenuportfelli kvaliteet siiski endiselt hea ja tarbimislaenude portfelli nõrgenemine oli neljanda kvartali lõpu seisuga mõõdukas. 2023. aasta lõpus kehtestati Lätis krediidiasutustele sarnaselt Eestile kohustuslik avansiline tulumaks, mis kuulub esmakordselt tasumisele 2024. aastal ja mida arvestatakse 2023. aasta maksueelselt kasumilt. Kontsern kajastas maksukulu summas 2,0 miljonit eurot 2023. aasta neljandas kvartalis. Kontserni kinnisvarainvesteeringute portfell, mis sisaldab nii põllumaid kui ka äripindu, ulatus kvartali lõpus 49,1 miljoni euroni. Kvartali jooksul kinnisvaraobjektidega tehinguid ei tehtud, kuid kinnisvarainvesteeringute õiglase väärtuse muutusest tulenev kasum oli kvartalis 4,4 miljonit eurot. Kasumiaruanne, IV tuhandetes eurodes kvartal IV kvartal 2022 12 kuud 12 kuud 2022 2023 (korrigeeritud) 2023 (korrigeeritud) ------------------------------------------------------------------------------- Neto intressitulu 25 191 21 282 97 981 82 335 Neto teenustasud 2 168 1 900 8 284 7 411 Netokasum finantsvaradelt 4 246 985 9 222 800 Neto tegevustulud -1 940 -186 -3 626 -708 ------------------------------------------------------------------------------- Neto tegevustulud kokku 29 665 23 981 111 861 89 838 ------------------------------------------------------------------------------- Palgakulud -6 345 -6 022 -24 032 -21 304 Halduskulud -4 091 -4 372 -15 249 -16 997 Põhivara kulum ja väärtuse langus -2 039 -908 -6 400 -3 648 Muu kasum 4 662 3 704 3 780 4 377 ------------------------------------------------------------------------------- Tegevuskulud kokku -7 813 -7 598 -41 901 -37 572 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 21 852 16 383 69 960 52 266 ------------------------------------------------------------------------------- Neto laenunõuete ja finantsinvesteeringute allahindlused -6 908 -4 707 -20 893 -15 451 Kasum enne maksustamist 14 944 11 676 49 067 36 815 Tulumaks -3 519 176 -7 688 -3 532 ------------------------------------------------------------------------------- Aruandeperioodi jätkuvate tegevuste kasum 11 425 11 852 41 379 33 283 ------------------------------------------------------------------------------- Kahjum lõppenud tegevustest -18 -415 -575 -590 ------------------------------------------------------------------------------- Aruandeperioodi kasum 11 407 11 437 40 804 32 693 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuhandetes eurodes 31.12.2023 30.09.2023 31.12.2022 (korrigeeritud) ------------------------------------------------------------------------------- Raha ja raha ekvivalendid 518 672 406 837 173 447 Võlaväärtpaberid 15 400 14 942 19 213 Nõuded klientidele 1 665 683 1 608 720 1 359 383 Muud varad 91 324 88 709 92 936 ------------------------------------------------------------------------------- Varad kokku 2 291 079 2 119 208 1 644 979 ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 1 946 315 1 791 581 1 376 934 Allutatud võlakirjad 76 109 71 490 40 113 Muud kohustised 20 679 18 909 15 912 ------------------------------------------------------------------------------- Kohustised kokku 2 043 103 1 881 980 1 432 959 ------------------------------------------------------------------------------- Omakapital 247 976 237 228 212 020 ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 2 291 079 2 119 208 1 644 979 ------------------------------------------------------------------------------- Bigbank AS juhatuse esimehe Martin Läntsi kommentaar: "Aasta 2023 oli maailma majandusele jätkuvalt keeruline. Ukraina sõda on kestmas teist aastat ning geopoliitikas lisandus uus tegur - Iisraeli-Hamasi konflikt. Aasta varem Euroopa Keskpanga poolt tõstetud baasintressimäärad aeglustasid küll inflatsiooni, kuid soovitud tulemuseni 2023. aastal veel ei jõutud. Euribori kasv peatus ning pöördus tagasi langustrendi, kuid olulisi muutusi intressikeskkonnas tervikuna see kaasa ei toonud. Mul on hea meel, et suutsime keerulistes majandustingimustes jätkata stabiilset kasvu ning pakkuda oma klientidele headel tingimustel pangateenuseid. Läbimõeldud strateegia tulemusena suurendasime nii era- kui ka äriklientide laenuportfelli. Kontserni puhaskasum ulatus 2023. aastal 40,8 miljoni euroni, mis on 25% rohkem võrreldes eelmise aastaga. Muutunud intressikeskkond võimaldas 2023. aastal pakkuda klientidele paremaid rahakasvatamise tingimusi - tänu sellele kasvas Kontserni hoiuseportfell märkimisväärselt. Suurepärase tulemuse saavutamisel mängis suurt rolli piiriüleste turgude klientide jätkuv usaldus Bigbanki vastu Saksamaal, Austrias ja Hollandis, aga ka säästuhoiuse toote tutvustamine Eestis, Soomes ja Leedus. Neljandas kvartalis ületas esmakordselt Kontserni säästuhoiuse portfell 1 miljardi euro piiri. 2023.aasta alguses jätkasime täiendava kapitali kaasamist, lõpetades edukalt eelmisel aastal alustatud võlakirjaprogrammi ning käivitades uue 30 miljoni euro suuruse võlakirjaprogrammi 2023. aasta sügisel. Uue programmi esimene seeria märgiti taas üle, sedakorda eriti muljetavaldavalt, lausa 7 korda. 2023. aastal korraldasime täiendavalt kolm suunatud emissiooni esimese taseme täiendavatesse omavahenditesse (AT1) kuuluvate võlakirjade emiteerimiseks, mis kõik osutusid samuti edukaks. Tugevate finantstulemuste kõrval tunnen uhkust märkimisväärse edasimineku üle meie klienditeeninduses. 2023. aasta jooksul kerkis meie soovitusindeks (NPS) seniselt 52 punktilt rekordilise 58 punktini. Avaldan siinkohal siirast tänu kogu Bigbanki meeskonnale nende pühendumise, sihikindluse ja töökuse eest. Samuti soovin tänada kõiki kliente, investoreid ja partnereid kindla toetuse eest!" Bigbank AS (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 2 miljardit eurot. Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: argo.kiltsmann@bigbank.ee www.bigbank.ee
Pealkiri
Bigbank's Unaudited Financial Results for Q4 and 12 months of 2023
Teade
Bigbank's gross loan portfolio grew to a record 1.67 billion euros by the end of the fourth quarter, increasing by 58 million euros (+4%) over the quarter and by 306 million euros (+23%) over the year. The housing loan portfolio grew by 44 million euros (+14%) over the quarter to 351 million euros, and the consumer loan portfolio increased by 15 million euros (+2%) to 736 million euros. The corporate banking loan portfolio in the fourth quarter was essentially unchanged from the end of the third quarter (-0.2%). The most important developments in the deposit portfolio in the fourth quarter were the continued strong growth in savings deposits and the fact that term deposits remained unchanged from the end of the third quarter. The launch of the savings deposit product in Lithuania was also a significant milestone. The Group's total deposit portfolio increased by 154 million euros (+9%) during the quarter and by 570 million euros (+42%) over the year, expanding to 1.94 billion euros. The term deposit portfolio decreased by 3 million euros (-0.4%) to 916 million euros and the savings deposit portfolio increased by 158 million euros (+18%) to 1.02 billion euros during the quarter. Bigbank earned a net profit of 11.4 million euros in the fourth quarter and a net profit of 40.8 million euros in the twelve months of 2023. Compared to the restated 2022 results, net profit remained stable in the fourth quarter and grew by 25% in the full year comparison. Corporate banking again performed strongly in the fourth quarter, driven by the strong loan portfolio and the net revaluation gain on the underlying assets of investment loans with special conditions. The segment's profit before tax for the fourth quarter amounted to 6.9 million euros, including a gain of 3.9 million euros on financial assets at fair value through profit or loss. Q4 net interest income grew by 3.9 million euros (+18%) year on year, amounting to 25.2 million euros. 12-month net interest income grew by 15.6 million euros (+19%) to 98.0 million euros. While there were no signs of a fall in the quality of the loan portfolio during the first three quarters of 2023, some deterioration in the consumer loan portfolio was visible in the last quarter of the year. The weak external environment has started to have a certain negative impact on borrowers, leading to an increase in the share of past due loans, as well as in expenses on credit loss allowances. Expenses on credit loss allowances grew by 2.2 million euros (+47%) compared with the fourth quarter of 2022, and by 5.4 million euros (+35%) during 2023. Relative to the end of 2022, stage 3 loans increased by 21.1 million euros by the end of 2023, accounting for 2.8% of the total loan portfolio (+1.0 percentage points). There has been no deterioration in the credit quality of commercial and housing loans. Overall, however, the quality of the loan portfolio is still good and the fall in the quality of the consumer loan portfolio was moderate as at the end of the fourth quarter. At the end of 2023, Latvia imposed advance income tax on credit institutions similar to Estonia. The tax is to be paid for the first time in 2024 and it is to be calculated on profit before tax for 2023. The Group recognised a tax expense in the amount of 2.0 million euros in fourth quarter of 2023. The Group's investment property portfolio, which includes both agricultural land and commercial real estate, stood at 49.1 million euros at the end of the quarter. The Group did not conduct any transactions with investment properties during the quarter but there was a gain of 4.4 million euros on the change in fair value. Income statement, in Q4 2022 12 months 12 months 2022 thousands of euros Q4 2023 (restated) 2023 (restated) ------------------------------------------------------------------------------- Net interest income 25,191 21,282 97,981 82,335 Net fee and commission income 2,168 1,900 8,284 7,411 Net income (loss) on financial assets 4,246 985 9,222 800 Net other operating income -1,940 -186 -3,626 -708 ------------------------------------------------------------------------------- Total net operating income 29,665 23,981 111,861 89,838 ------------------------------------------------------------------------------- Salaries and associated charges -6,345 -6,022 -24,032 -21,304 Administrative expenses -4,091 -4,372 -15,249 -16,997 Depreciation, amortisation and impairment -2,039 -908 -6,400 -3,648 Other gains 4,662 3,704 3,780 4,377 ------------------------------------------------------------------------------- Total expenses -7,813 -7,598 -41,901 -37,572 ------------------------------------------------------------------------------- Profit before loss allowances 21,852 16,383 69,960 52,266 ------------------------------------------------------------------------------- Net loss allowances on loans and financial investments -6,908 -4,707 -20,893 -15,451 Profit before income tax 14,944 11,676 49,067 36,815 Income tax expense -3,519 176 -7,688 -3,532 ------------------------------------------------------------------------------- Profit for the period from continuing operations 11,425 11,852 41,379 33,283 ------------------------------------------------------------------------------- Loss from discontinued operations -18 -415 -575 -590 ------------------------------------------------------------------------------- Profit for the period 11,407 11,437 40,804 32,693 ------------------------------------------------------------------------------- Statement of financial position, in thousands of euros 31.12.2023 31 Sept 2023 31 Dec 2022 (restated) ------------------------------------------------------------------------------- Cash and cash equivalents 518,672 406,837 173,447 Debt securities at FVOCI 15,400 14,942 19,213 Loans to customers 1,665,683 1,608,720 1,359,383 Other assets 91,324 88,709 92,936 ------------------------------------------------------------------------------- Total assets 2,291,079 2,119,208 1,644,979 ------------------------------------------------------------------------------- Customer deposits and loans received 1,946,315 1,791,581 1,376,934 Subordinated notes 76,109 71,490 40,113 Other liabilities 20,679 18,909 15,912 ------------------------------------------------------------------------------- Total liabilities 2,043,103 1,881,980 1,432,959 ------------------------------------------------------------------------------- Equity 247,976 237,228 212,020 ------------------------------------------------------------------------------- Total liabilities and equity 2,291,079 2,119,208 1,644,979 ------------------------------------------------------------------------------- Commentary by Martin Länts, chairman of the management board of Bigbank AS: "The year 2023 continued to be challenging for the world economy. The Ukrainian war has been ongoing for two years, and a new factor has emerged in geopolitics - the Israel-Hamas conflict. The base interest rates raised by the European Central Bank the year before did slow down inflation, but the desired results were not achieved by 2023. The growth of Euribor halted and returned to a downward trend, but this did not bring significant changes to the interest rate environment as a whole. I am pleased that we were able to continue stable growth in challenging economic conditions and offer our clients banking services on favorable terms. Thanks to a well-thought-out strategy, we increased both our private and corporate loan portfolios. The Group's net profit reached 40.8 million euros in 2023, which is 25% more compared to the previous year. The changed interest rate environment allowed us to offer better conditions for money growth to clients in 2023 - as a result, the Group's deposit portfolio grew significantly. The continued trust of cross-border market clients in Bigbank in Germany, Austria, and the Netherlands, as well as the introduction of savings deposit products in Estonia, Finland, and Lithuania, played a major role in achieving excellent results. In the fourth quarter, the Group's savings deposit portfolio exceeded the 1-billion-euro mark for the first time. At the beginning of 2023, we continued to raise additional capital, successfully completing the bond program initiated the previous year and launching a new 30- million-euro bond program in the autumn of 2023. The first series of the new program was oversubscribed again, this time impressively, up to 7 times. In 2023, we also conducted three Additional Tier 1 (AT1) Temporary Write-Down Notes targeted offerings to professional investors, all of which proved successful. In addition to strong financial results, I am proud of the significant progress we have made in our customer service. In 2023, our Net Promoter Score (NPS) rose from the previous 52 points to a record 58 points. I would like to express sincere thanks to the entire Bigbank team for their dedication, determination, and hard work. I would also like to thank all our clients, investors, and partners for their unwavering support!" 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