From GlobeNewswire: 2025-02-26 01:00:00

Bigbank’s loan portfolio reached a record 2.2 billion euros at the end of the year, growing by 32% annually. Business loan portfolio increased by 9% to 764 million euros, while the home loan portfolio grew by 15% to 613 million euros. Consumer loan portfolio decreased by 1% to 828 million euros.

In the fourth quarter, Bigbank’s deposit portfolio grew with fixed-term deposits. Total deposits reached 2.39 billion euros, increasing by 24% annually. The net profit in the fourth quarter was 4.6 million euros, with a total profit of 32.3 million euros for the year.

Bigbank’s net interest income increased by 7% annually to 102.4 million euros. The loan portfolio’s credit quality remained stable, with some deterioration in business loans but very good quality in home loans. The real estate investment portfolio reached 66.4 million euros, contributing to a loss of 1.6 million euros.

Bigbank focused on strategic growth in 2024, expanding loan and deposit portfolios. The active client base grew by over 16,600 to more than 167,300. Key achievements included launching the SEPA instant payment system and introducing current accounts in Estonia. The net promoter score was 57 points.

Despite challenging market conditions, Bigbank maintained strong profitability, with a net profit of 32.3 million euros in 2024. The bank was recognized as systemically important by the Estonian Central Bank. Successful bond issuances raised 20.4 million euros in additional capital for expansion and capital structure enhancement.



Read more at GlobeNewswire:: Bigbanki 2024. aasta neljanda kvartali ja 12 kuu