Banks, Estonia, Financial Services, Latvia, Loan

The bank's Swedish subsidiary registered the fastest growth, while the Latvian subsidiary achieved the highest income.

In the third quarter of 2014, Bigbank profit before asset impairments totaled EUR 10.1 million – a 35.7% increase year-on-year. Profit after tax was EUR 3.8 million, down from the third quarter of 2013 when profit after tax was EUR 2.3 million.

The bank's interest income in the third quarter of 2014 reached EUR 16 million, which is 18.5% (EUR 2.5 million) more than 12 months ago. This was mostly due to an increase in the bank's credit portfolio. Meanwhile, interest costs reached EUR 1.9 million – a 6.2% increase.

Bigbank Group assets totaled EUR 316 million at the end of September – a EUR 1.1 million increase during the third quarter. By the end of September, Bigbank Group signed a total of 178,000 loan contracts, 43,000 of which in Estonia, 70,000 – in Latvia, 33,000 – in Lithuania, 16,000 – in Finland, 10,000 – in Spain, and 6,000 – in Sweden.

The bank has a total 11 customer service centers – three in Estonia, two in Latvia, five in Lithuania, and one in Spain.