Börsiteade

Pealkiri

Bigbank AS Results for October 2025

Teade

October was a stable month for Bigbank, characterised by moderate growth and
satisfactory profitability.

The loan portfolio grew by 34 million euros in October, reaching 2.6 billion
euros by the end of the month. Growth was driven by business loans, which
increased by 16 million euros, and home loans, which grew by 18 million euros.
The consumer loan portfolio remained at the level of the end of September.

The deposit portfolio increased by 44 million euros in October. Interest rates
have stabilised in the markets, but the 6-month Euribor has shown a slight
upward trend in recent months. This has raised interest rates on longer-term
deposits and increased customer demand for them. Growth in the deposit portfolio
was mainly driven by the term deposit portfolio, which grew by 24 million euros,
while the savings deposit portfolio increased by 16 million euros.

In October, Bigbank launched current accounts for retail customers in Latvia.
From now on, Latvian customers, just like those in Estonia and Lithuania, 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 3 million euros in
October, reaching 12 million euros by the end of the month.

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. Net interest income increased by 2.3 million euros over the
first ten months compared to the previous year.

The credit quality of the loan portfolio remains strong. Compared to the first
ten months of 2024, net allowances for expected credit losses and provision
expenses decreased by a total of 8.8 million euros, or 47%. The main reason is
improved payment behaviour in consumer loans across all three Baltic countries.
The share of non-performing loans (Stage 3) remained at 4.5%.

Net profit for October was 3.1 million euros. In addition to the growth in net
interest income and the reduction in credit losses, net fee income increased by
1.2 million euros over the ten-month period.

At the end of October, Bigbank employed 624 people. Team expansion and salary
growth resulted in a 5.7 million euro increase in salary expenses over the first
ten 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 October 2025:

  * Customer deposits and loans received increased by 422 million euros year-on-
    year, reaching 2.8 billion euros (+18%).
  * Loans to customers grew by 511 million euros year-on-year, reaching 2.6
    billion euros (+24%).
  * Net interest income totalled 9.4 million euros in October; the ten-month
    total reached 88.1 million euros. Compared to the same period last year, net
    interest income increased by 2.3 million euros (+3%).
  * Net allowance for expected credit losses and provision expenses totalled
    10.1 million euros in the first ten months of the year, down 8.8 million
    euros or 47% year-on-year.
  * Net profit in October was 3.1 million euros. Cumulative profit for the first
    ten months amounted to 33.3 million euros, an increase of 3.1 million euros
    or 10% compared to the same period in 2024.
  * Return on equity in October was 12.5%.

 Income statement, in thousands of                                  Difference
 euros                                Oct 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 Total net operating income, incl.      10,359    95,866    93,922   1,945  +2%

 Net interest income                     9,424    88,112    85,784   2,328  +3%

 Net fee and commission income           1,021     8,781     7,533   1,248 +17%

 Total expenses, incl.                  -4,994   -44,575   -38,845  -5,730 +15%

 Salaries and associated charges        -3,121   -27,618   -21,965  -5,653 +26%

 Administrative expenses                -1,117    -9,998    -9,868    -129  +1%

 Profit before loss allowances           5,365    51,292    55,077  -3,785  -7%

 Net allowance for expected credit
 losses and provision expenses          -1,586   -10,054   -18,824   8,770 -47%

 Income tax expense                       -730    -7,974    -6,119  -1,855 +30%

 Profit for the period from
 continuing operations                   3,050    33,263    30,133   3,130 +10%

 Profit or loss before tax from
 discounted operations                       0         0        29     -29
-------------------------------------------------------------------------------
 Profit for the period                   3,050    33,263    30,162   3,101 +10%
-------------------------------------------------------------------------------




 Business volumes, in thousands of                                  Difference
 euros                                Oct 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 Customer deposits and loans
 received                            2,779,172 2,779,172 2,357,577 421,596 +18%

 Loans to customers                  2,614,426 2,614,426 2,103,649 510,776 +24%



 Key figures                                                        Difference
                                      Oct 2025     YTD25     YTD24     YoY
-------------------------------------------------------------------------------
 ROE                                     12.5%     14.1%     14.1%  +0.0pp

 Cost / income ratio (C/I)               48.2%     46.5%     41.4%  +5.1pp

 Net promoter score (NPS)                   61        59        57      +2


Compared to the financial results published for October 2024, the net interest
income and net allowance for expected credit losses for the same period last
year have been adjusted, reducing both by 2.5 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 October 2024.

Bigbank AS (www.bigbank.eu
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with over 30 years of operating history, is a commercial bank owned by Estonian
capital. As of 31 October 2025, the bank's total assets amounted to 3.2 billion
euros, with equity of 295 million euros. Operating in nine countries, the bank
serves over 178,000 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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