Bigbank AS Reports Strong Loan and Deposit Growth in May 2026 — Bigbank AS

Event summary

Bigbank AS reported a 50 million euro increase in its loan portfolio in May 2026, driven by business loans (32 million euros), home loans (13 million euros), and consumer loans (5 million euros).
The deposit portfolio grew by 64 million euros, primarily due to term deposits (55 million euros).
Net profit for May 2026 was 4.1 million euros, with net interest income increasing by 7.0 million euros year-over-year.
The credit quality of the loan portfolio remained strong, with non-performing loans declining from 4.3% to 4.2% of total loan receivables.
Bigbank introduced current accounts for business customers in Latvia, expanding its service offerings across the Baltic countries.

The big picture

Bigbank AS continues to demonstrate robust growth in both loans and deposits, reflecting strong demand for its financial services in the Baltic region. The introduction of current accounts for business customers in Latvia marks a strategic expansion of its product offerings. However, the bank must navigate the evolving interest rate environment and manage rising operational costs to maintain profitability.

What we're watching

Interest Rate Impact: How the higher interest rate environment will affect both interest income and expenses over time.
Credit Quality: Whether the strong credit quality of the loan portfolio can be sustained amid significant growth.
Operational Efficiency: The pace at which personnel and administrative expenses will grow compared to net interest income.