Bigbank AS became a member of the Estonian Banking Association

Special bank Bigbank AS, which is fully based on Estonian capital and represented in nine countries, joined the Estonian Banking Association and from now on, there are 13 members in the association representing the interests of banks. The Estonian Banking Association is a member of the European Banking Federation.

“Bigbank wants to support and contribute to all of its operating states to help to achieve the field’s strategic objectives both on the local and the pan-European level,” said Sven Raba, Chairman of the Management Board of Bigbank. “Membership in important professional associations helps us to acquire necessary information and contribute in influencing and developing various processes”.

“The Estonian Banking Association considers it important that the Estonian banking sector is trustworthy and transparent in the eyes of both Estonian and foreign partners,” said Sven Raba. “Bigbank shares this opinion, as well as other values and principles of the Estonian Banking Association.”

According to the Chairman of the Management Board of Bigbank, the reputation of the sector and the trust of the customers are equally important for the health of the banking market. “The consumers’ confidence in banks is one of the main pillars of banking. To offer a good service, banks must be in compliance with the regulatory requirements applicable to all banks, and the Estonian Banking Association assists in this with its support and activities as one of its main goals,” said Sven Raba.

Bigbank AS (www.bigbank.ee) is an Estonian-owned credit institution that specialises in consumer loans and term deposits. In addition to its operations in Estonia, it has subsidiaries in Finland, Sweden, Latvia, Lithuania and Spain. The bank also offers its products as cross-border services in Austria, Germany and the Netherlands. The total number of Bigbank’s employees at the end of Q2 2017 was 431 – 212 in Estonia, 76 in Latvia, 74 in Lithuania, 24 Finland, 30 in Spain and 15 in Sweden. The loan portfolio grew by 39 million euros to 402 million euros in the first six months of this year. The assets of the group amounted to 424 million euros as at 30 June 2017, having increased by 8% in the first six months.

Additional information:

Sven Raba, Chairman of the Management Board of Bigbank AS

E-mail: [email protected]

Phone: +372 6 681 333