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- Read more about this articleBigbank enters leasing market in Estonia
Bigbank has joined the Estonian Leasing Association and will initially be offering car leasing to business clients before extending the offer to private clients later this year. The bank is entering the leasing market because purchasing cars by taking out a loan is both riskier and less practical for clients when the economy is broken. In the case of leasing, the bank becomes the owner of the vehicle it rents out to the client. “We’re branching out into leasing at a complicated time, with the auto industry in crisis all over the world and clients feeling very uncertain about big ...
May 20, 2020 - Read more about this article
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Bigbank’s loan portfolio grew by 11.9% or 44.1 million euros in the first three quarters of 2018, of which 19.2 million euros represents growth in Q3. The biggest growth was posted by the bank’s Lithuanian branch and its Estonian business unit. The bank’s net profit for Q3 was 4.6 million euros, growing to 15 million euros in the first nine months of the year, compared to 2.2 million euros in the same period last year i.e. growth of 17.5%. Bigbank’s balance sheet total increased to 512.2 million euros, growing by 46 million euros or 9.9% during the quarter. “Our strong ...
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