Bigbank AS Results for April 2025

Core Insights - Bigbank's loan portfolio experienced significant growth in April, with an increase of 55 million euros, marking the highest monthly increase for the year [1] - The bank's net profit for April was 3.0 million euros, reflecting a 38% increase compared to the same period in 2024 [5][8] Loan Portfolio - The corporate loan portfolio grew by 26 million euros, while the home loan portfolio increased by 20 million euros, and the consumer loan portfolio rose by 9 million euros [1] - Loans to customers reached 2.37 billion euros, a year-on-year increase of 573 million euros or 32% [8] Deposit Portfolio - The deposit portfolio decreased by 12 million euros in April, with term deposits declining by 50 million euros and savings deposits increasing by 37 million euros [2] - Customer deposits and loans received totaled 2.55 billion euros, reflecting a 16% increase year-on-year [8] Financial Performance - Net interest income for April was 8.4 million euros, with a year-to-date total of 34.0 million euros, down 2% from the previous year [3][8] - Total net operating income for April was 9.1 million euros, a 2% increase year-on-year [7] Credit Losses - The net allowance for expected credit losses decreased by 4.2 million euros, or 42%, compared to the same period in 2024 [4][8] - The improved repayment behavior in the consumer loan portfolios of the Baltic countries contributed to the lower credit loss allowances [4] Expenses and Taxation - Total expenses for April were 4.1 million euros, with administrative expenses decreasing by 26% year-on-year [7] - Income tax expenses increased by 1.1 million euros, primarily due to higher tax rates in Estonia and Lithuania [5] Key Financial Indicators - Return on equity (ROE) for April was 13.4%, up 2.8 percentage points from the previous year [9] - The cost/income ratio (C/I) was 45.5%, slightly higher than the previous year [9] Company Overview - Bigbank, a commercial bank with over 30 years of history, operates in nine countries and serves more than 170,000 active customers [10] - As of April 30, 2025, the bank's total assets amounted to 2.9 billion euros, with equity of 274 million euros [10]