BIGBANK
BIGBANK’s profit for Q3 amounted to 37.8 million kroons

BIGBANK / 

22.10.2009 

Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

According to preliminary Q3 unaudited results BIGBANK AS's profit amounted to
37.8 million kroons in Q3. BIGBANK is specialised on consumer credit and term
deposits. 

BIGBANK Group's total assets increased by 20.5 million kroons in Q3 2009
amounting to 2.9 billion kroons. Receivables from customers reduced by 24.2
million kroons amounting to 2.1 billion kroons during the same period. Interest
income amounted to 150.2 million kroons and interest expenses to 44.8 million
kroons. 

The amount of cash and equivalents has increased amounting to 514.9 million
kroons (18.4% of total assets) as of the end of September. The respective
figure as of the end of Q2 was 475.7 million kroons (17.1% of total assets). 

In Q3 BIGBANK's net profit amounted to 37.8 million kroons, decrease of 7.0
million kroons compared to Q2. Profit before impairment allowances and
extraordinary revenues totalled 91.9 million kroons in Q3, the respective
figure for the previous quarter was 78.6 million kroons. BIGBANK's net profit
for the first 9 months of 2009 amounted to 106.2 million kroons. 

Targo Raus, BIGBANK's Chairman of Management Board stated that BIGBANK's Q3
results were influenced by conservative loan policy and focusing on effective
functioning of credit management area. 'The results were also positively
influenced by reduction of operating expenses and optimisation of sales network
in first half-year of 2009,' said Raus. 

Loan receivables in payment delay over 90 days decreased in Q3 and amounted to
880.6 million kroons as of the end of September. BIGBANK's impairment allowance
costs totalled 59.6 million kroons in Q3 increasing by 5.1 million kroons
compared to Q2. As of the end of September the total volume of impairment
allowances amounted to 387.0 million kroons. 

As of the end of September BIGBANK had 27 offices in the Baltic states, of
which 10 offices were located in Estonia, 7 in Latvia and 10 in Lithuania.
There were 365 employees working in the Group, including 170 in Estonia, 129 in
Latvia and 66 in Lithuania. 

BIGBANK will publish its Q3 audited interim report by the end of November.

Additional information:

Targo Raus
Chairman of Management Board
Tel: +372 6309 938
targo.raus@bigbank.ee

News Source: NASDAQ OMX



22.10.2009  Financial News transmitted by DGAP

---------------------------------------------------------------------------
 
Language:     English
Company:      BIGBANK
              
               
              Estonia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         EE3300082940
WKN:          
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------