Bigbank AS

Bigbank AS was established in 1992. Bigbank specialises in providing term deposits and consumer loans to Estonian residents both natural persons and legal entities. Bigbank is focused on the existing client segment and uses personal approach to address client needs.

Services

Retail Banking

Financials

Total Assets (2017)
457.44 mln EUR  (+16.60%)
Net Income (2017)
17.13 mln EUR  (+49.57%)

Bigbank AS is the 7th largest bank in Estonia in terms of total assets. In 2017 its total assets were 457,44 mln EUR, providing the bank with the market share of 1.81%. In 2017 the bank's net income was 17,13 mln EUR.

Bigbank AS participates in deposit guarantee scheme of Estonia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Riia tn 2, 51004, Tartu linn, Estonia
+372 737 7570
+372 737 7582

Bigbank AS is headquartered in Tartu Linn.

Bank Identifiers

BIC (SWIFT)
BIGKEE2B
MFI ID
EE10183757
Company Number
10183757

Business Summary

Services
retail banking
Products
loans
deposits
Eligible Clients
natural persons and legal entities being Estonian residents

Bigbank AS provides services in the area of retail banking. The range of products offered by Bigbank AS includes loans, deposits. Bigbank AS makes its solutions available to natural persons and legal entities being Estonian residents.

Financial Positions

Total Assets (2017)
457.44 mln EUR  (+16.60%)
Total Equity (2017)
109.54 mln EUR  (+12.68%)

In 2017 total assets of Bigbank AS were 457.44 mln EUR. Growth compared to the previous period (2016) was 16.60%. The evolution of the total assets of Bigbank AS is shown at Chart 1 below.

Total Assets of Bigbank AS.

Chart 1. Total Assets of Bigbank AS.

Recent changes in total assets of Bigbank AS and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 34.7 36.2 +4.55%
Loans 333.4 378.1 +13.40%
Total Assets 392.3 457.4 +16.60%
Table 1. Recent changes in total assets of Bigbank AS (mln EUR).

Recent changes in total liabilities of Bigbank AS and its main components are shown in Table 2.

2016 2017 % change
Deposits 287.4 336.7 +17.13%
Total Liabilities 392.3 457.4 +16.60%
Table 2. Recent changes in total liabilities of Bigbank AS (mln EUR).

Profit and Loss

Net Income (2017)
17.13 mln EUR  (+49.57%)

Recent changes in gross profit of Bigbank AS and its main components are shown in Table 3.

2016 2017 % change
Interest Income 70.7 69.8 -1.35%
Interest Charges -7.9 -5.8 -25.90%
Commission Income 2.5 3.0 +20.81%
Commission Charges -0.2 -0.3 +75.63%
Table 3. Recent changes in gross profit of Bigbank AS (mln EUR).

In 2017 net income of Bigbank AS was 17.13 mln EUR. Growth compared to the previous period (2016) was 49.57%. The evolution of the net income of Bigbank AS is shown at Chart 2 below.

Net Income of Bigbank AS.

Chart 2. Net Income of Bigbank AS.

Market Share and Rank (among banks in Estonia)

Total Assets (2017)
7th (market share 1.81%)
Loans (2017)
6th (market share 2.04%)
Deposits (2017)
7th (market share 1.57%)

In 2017 Bigbank AS was ranked the 7th largest bank in Estonia in terms of total assets, having 1.81% of the domestic market share.

Market share of Bigbank AS (among banks in Estonia)

Chart 3. Market share of Bigbank AS (among banks in Estonia)

Several banks having the market shares and ranks closest to Bigbank AS are shown below.

RankNameTotal AssetsMarket Share
6OP Corporate Bank plc Eesti filiaal646.30 mln EUR2.56%
7Bigbank AS457.44 mln EUR1.81%
8Coop Pank AS367.31 mln EUR1.45%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Estonia are obliged to participate in Estonian deposit guarantee scheme.

In the case of Bigbank AS failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Bigbank AS and its components are shown in the table below.

BIC  BIGKEE2B
Bank BIC Code  BIGK
Country Code  EE (Estonia)
Location Code  2B
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Bigbank AS is shown in the table below.

MFI ID  EE10183757

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  10183757

European Presence: 6 banks in 6 countries

Bigbank AS operates under the brand name BIGBANK. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Estonia

  • (this bank) Bigbank AS (Tartu linn)

Finland

Latvia

Lithuania

Spain

Sweden

Banking Products in Estonia