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Bigbank AS Results for August 2025

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August was a strong month for Bigbank - loan portfolio growth continued at an
above-average pace and profitability remained solid.

The loan portfolio grew by 50 million euros in August. The business loan
portfolio increased by 28 million euros, the home loan portfolio by 15 million
euros, and the consumer loan portfolio by 7 million euros. By the end of August,
the total loan portfolio reached 2.5 billion euros.

The deposit portfolio grew by 19 million euros during the same period. Growth
was driven by the savings deposit portfolio, which increased by 25 million
euros, while the volume of term deposits decreased by 8 million euros. The trend
continues, with owners of maturing term deposits reallocating funds into more
flexible savings deposits.

In August, Bigbank launched current accounts for retail customers in Lithuania.
From now on, Lithuanian customers, just like Estonian customers, can use Bigbank
for everyday banking under market-leading conditions: clients earn 2% annual
interest on idle funds, and all transactions are completely free of charge. The
total balance of current accounts grew by 2 million euros in August, reaching
6.5 million euros by the end of the month.

The 6-month Euribor remained at 2.1% in August, similar to the level in July.
The stabilising interest rate environment continues to reduce pressure on net
interest income. As time goes on, loan portfolio growth increasingly drives
year-on-year interest income comparisons, while the impact of falling interest
rates diminishes. Deposit interest rates are also stabilising, although a slight
decline continues. Net interest income increased by 1.7 million euros over the
first eight months compared to the previous year.

The credit quality of the loan portfolio continued to improve. Compared to the
first eight months of 2024, net allowances for expected credit losses and
provision expenses decreased by a total of 9.3 million euros, or 57%. The main
reason is improved payment behaviour in consumer loans across all three Baltic
countries. The share of non-performing loans (Stage 3) decreased by 0.2
percentage points compared to the end of July, reaching 4.5%.

Net profit for August was 3.5 million euros. In addition to the growth in net
interest income and the reduction in credit losses, net fee income increased by
0.9 million euros over the eight-month period, while administrative expenses
decreased by 0.2 million euros.

At the end of August, Bigbank employed 609 people. Team expansion and salary
growth resulted in a 4.2 million euro increase in salary expenses over the first
eight months compared to the previous year. As a negative development, income
tax expenses rose by 1.9 million euros due to higher tax rates introduced in
Estonia and Lithuania at the beginning of 2025.

Bigbank's key financial indicators for August 2025:

  * Customer deposits and loans received increased by 507 million euros year-on-
    year, reaching 2.7 billion euros (+23%).
  * Loans to customers grew by 543 million euros year-on-year, reaching 2.5
    billion euros (+27%).
  * Net interest income totalled 9.1 million euros; the eight-month total
    reached 69.7 million euros. Compared to the same period last year, net
    interest income increased by 1.7 million euros (+2%).
  * Net allowance for expected credit losses and provision expenses totalled
    7.1 million euros in the first eight months of the year, down 9.3 million
    euros or 57% year-on-year.
  * Net profit in August was 3.5 million euros. Cumulative profit for the first
    eight months amounted to 25.8 million euros, an increase of 2.4 million
    euros or 10% compared to the same period in 2024.
  * Return on equity in August was 14.8%.

 Income statement, in thousands of                                  Difference
 euros                                Aug 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 Total net operating income, incl.       9,963    76,171    75,267     904  +1%

 Net interest income                     9,120    69,721    68,022   1,699  +2%

 Net fee and commission income             899     6,855     5,929     926 +16%

 Total expenses, incl.                  -4,641   -36,645   -30,726  -5,919 +19%

 Salaries and associated charges        -2,802   -21,527   -17,287  -4,240 +25%

 Administrative expenses                -1,106    -7,685    -7,862     177  -2%

 Profit before loss allowances           5,322    39,526    44,541  -5,016 -11%

 Net allowance for expected credit
 losses and provision expenses            -992    -7,120   -16,436   9,316 -57%

 Income tax expense                       -804    -6,588    -4,734  -1,853 +39%

 Profit for the period from
 continuing operations                   3,527    25,818    23,371   2,447 +10%

 Profit or loss before tax from
 discounted operations                       0         0        29     -29
-------------------------------------------------------------------------------
 Profit for the period                   3,527    25,818    23,400   2,418 +10%
-------------------------------------------------------------------------------




 Business volumes, in thousands of                                  Difference
 euros                                Aug 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 Customer deposits and loans
 received                            2,746,098 2,746,098 2,238,741 507,357 +23%

 Loans to customers                  2,548,848 2,548,848 2,005,507 543,341 +27%



 Key figures                                                        Difference
                                      Aug 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 ROE                                     14.8%     13.9%     15.9%  -2.0pp

 Cost / income ratio (C/I)               46.6%     48.1%     40.8%  +7.3pp

 Net promoter score (NPS)                   61        58        56      +2


Compared to the financial results published for August 2024, the net interest
income and net allowance for expected credit losses for the same period last
year have been adjusted, reducing both by 1.9 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 August 2024.

Bigbank AS (www.bigbank.eu
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9eAQt0zuNFdFW1WZag=)), with over 30 years of operating history, is a commercial
bank owned by Estonian capital. As of 31 August 2025, the bank's total assets
amounted to 3.2 billion euros, with equity of 288 million euros. Operating in
nine countries, the bank serves over 176,000 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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