In the third quarter of 2026, the Bigbank Group expanded its total loan portfolio to a new record of 3.3 billion EUR. This represents an increase of 271 million EUR or nine per cent compared to the previous quarter, as well as an increase of 688 million EUR or 27 per cent year on year. The strongest momentum came from corporate banking, where financing volume grew by 16 per cent quarter on quarter to 1.4 billion EUR.
The mortgage financing segment also recorded gains, rising by five per cent to 933 million EUR. The consumer loan portfolio grew in parallel by three per cent to 881 million EUR. On the liabilities side, the Group's total deposit volume rose by ten per cent during the quarter to 3.5 billion EUR. This development was largely driven by savings deposits, up 17 per cent to 1.8 billion EUR, while term deposits rose by two per cent to 1.65 billion EUR and sight deposits on current accounts grew by 59 per cent to 110 million EUR.
Earnings performance and improved portfolio structure
Quarterly profit after tax climbed by ten per cent year on year to 12.6 million EUR. For the first nine months of the 2026 financial year, net profit stood at 30.1 million EUR, compared with 30.2 million EUR in the prior-year period. Net interest income increased by 23 per cent to 33.8 million EUR in the third quarter, with interest income of 58.3 million EUR offset by interest expenses of 24.5 million EUR.
At the same time, the bank's credit quality improved. Following the reclassification of a major corporate loan, the volume of non-performing loans in Stage 3 decreased to 100 million EUR, representing three per cent of the total portfolio. Net risk provisions for expected losses fell by 0.3 million EUR year on year to 2.2 million EUR. Credit quality in mortgage lending remained at a very high level.
Real estate holdings and capital measures
The carrying amount of the investment property portfolio remained unchanged at 81.0 million EUR. No revaluations were carried out in the third quarter. Income from the letting of commercial property and the leasing of agricultural land proved stable. To support operational growth, headcount increased by 29 employees to 741 people, resulting in personnel expenses of 10.8 million EUR.
To underpin its expansion strategy, the institution issued Additional Tier 1 bonds with a volume of 17.23 million EUR. In total, 1,723 notes with a nominal value of 10,000 EUR each were placed with 83 investors. Martin Länts, Chairman of the Management Board of Bigbank AS, stated that the institution purposefully expanded its offering in the third quarter and, through the issuance of additional core capital, established the balance sheet prerequisites to continue its growth path.
