Latest news with #BigbankAS
Business Upturn
16 hours ago
- Business
- Business Upturn
Extension of the term of office of a Member of the Management Board of Bigbank AS
By GlobeNewswire Published on June 20, 2025, 12:00 IST The supervisory board of Bigbank AS has decided on 18 June 2025 to extend the term of office of Argo Kiltsmann as the member of the management board of Bigbank AS for another 3 years, beginning from the end of the previous term until 30 June 2028. The management board of Bigbank AS will continue with five members: Martin Länts (Chairman of the management board), Ken Kanarik, Argo Kiltsmann Ingo Põder and Mart Veskimägi. Bigbank AS ( with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 May 2025, the bank's total assets amounted to 3.0 billion euros, with equity of 278 million euros. Operating in nine countries, the bank serves more than 172,000 active customers and employs 600 people. The credit rating agency Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2. Martin Länts Chairman of the Management Board Telephone: +372 5561 7616 E-mail: [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
11-06-2025
- Business
- Yahoo
Summary of Bigbank AS Webinar: Introduction to the Public Offering of Subordinated Bonds
On 11 June 2025, Bigbank AS held a webinar introducing the public offering of its subordinated bonds in Estonia, Latvia and Lithuania. During the webinar, Bigbank AS Management Board members Martin Länts and Argo Kiltsmann presented an overview of the Bigbank Group, including the Group's financial results and the terms and conditions of the subordinated bond offering. The webinar recording is available at: Further information about the public offering of subordinated bonds is available at: Bigbank AS would like to thank all participants for attending! Bigbank AS ( with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 April 2025, the bank's total assets amounted to 2.9 billion euros, with equity of 274 million euros. Operating in nine countries, the bank serves more than 170,000 active customers and employs over 550 people. The credit rating agency Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2. Argo Kiltsmann Member of the Management Board Telephone: +372 5393 0833 Email: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Bigbank AS Invites to Attend Webinars Introducing Public Subordinated Bond Offering
Bigbank AS invites all interested parties to participate in a webinar introducing the issue of the public offering of Bigbank AS subordinated bonds in Estonia, Latvia, and Lithuania. The webinars will be organised on 11 June 2025 at 11:00 (EET) in Estonian and at 16:00 (EET) in English. In the webinar, Bigbank AS management board members Martin Länts and Argo Kiltsmann will present an overview of Bigbank AS group, including business results, and the terms and conditions of the public subordinated bond issue. Those interested can ask questions during the webinar. To participate in the webinar held in Estonian (11:00, EET), please register at To participate in the webinar held in English (16:00, EET), please register at The webinar will be recorded and published on Bigbank AS investor website and on the Nasdaq Baltic YouTube channel. Bigbank AS ( with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 April 2025, the bank's total assets amounted to 2.9 billion euros, with equity of 274 million euros. Operating in nine countries, the bank serves more than 170,000 active customers and employs over 550 people. The credit rating agency Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2. Argo Kiltsmann Member of the Management Board Tel: +372 53 930 833 Email: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Notice on Public Offering of Subordinated Bonds of Bigbank AS
Bigbank AS (registry code 10183757, address Riia tn 2, Tartu, 51004) ('Bigbank') hereby announces a public offering (the 'Offering') of its unsecured subordinated bonds. The Offering is conducted pursuant to the prospectus (the 'Prospectus') prepared by Bigbank and registered by the Estonian Financial Supervision and Resolution Authority ('EFSA') on 9 June 2025. The Prospectus, which provides further details, has been disclosed on the date of this announcement on the websites of Bigbank and the EFSA. During the Offering, bonds will be issued as part of the first series in Bigbank's unsecured subordinated bond programme (the "Programme"). Through the Offering, Bigbank aims to raise up to 3 million euros, with the option to increase the amount to up to 8 million euros. Under the Programme, Bigbank has the potential to raise a total of up to 25 million euros. Main terms of the Offering During the Offering, Bigbank will offer up to 3,000 unsecured subordinated bonds titled 'EUR 6.50 BIGBANK ALLUTATUD VÕLAKIRI 25-2035,' each with a nominal value of 1,000 euros and a maturity date of 27 June 2035. Bigbank will pay interest on the bonds quarterly at a fixed rate of 6.5% per annum. In the event of oversubscription, Bigbank has the right to increase the number of bonds offered by an additional 5,000 bonds, bringing the total amount offered to up to 8,000 bonds. Bigbank also reserves the right to cancel the Offering for any portion of the bonds that are not subscribed. The unsecured subordinated bonds are offered at a price of 1,000 euros per bond. The bonds will be registered in the Estonian Register of Securities, operated by Nasdaq CSD Estonian Branch ('Nasdaq CSD'), under ISIN code EE0000001501. The subscription period for the bonds will begin on 10 June 2025 at 10:00 and end on 19 June 2025 at 15:30. The Offering will be directed to both retail and qualified investors in Estonia, Latvia, and Lithuania. The public offering of the unsecured subordinated bonds will be conducted exclusively in Estonia, Latvia, and Lithuania, and not in any other jurisdiction. Additionally, Bigbank may offer the bonds on a non-public basis in all European Economic Area member states, in accordance with the exemptions set out in Article 1(4) of Regulation (EU) 2017/1129. A subordinated bond represents an unsecured debt obligation of Bigbank to the investor. The subordination of the bonds means that, in the event of liquidation or bankruptcy of Bigbank, claims arising from the subordinated bonds will only be settled after the full satisfaction of all unsubordinated, recognised claims, in accordance with applicable law. Additionally, holders of subordinated bonds must consider the risk of write-down or conversion of liabilities and claims (bail-in risk). Specific details of the Offering are set out in the Prospectus and the Prospectus Summary. The indicative timetable of the Offering is as follows: Subscription period starts 10 June 2025 at 10:00 (Tallinn time) Subscription period ends 19 June 2025 at 15:30 (Tallinn time) Announcement of the Offering results On or about 20 June 2025 Settlement of the Offering On or about 27 June 2025 First trading day On or about 30 June 2025Submitting subscription undertakings To subscribe for the bonds during the Offering, an investor must have a securities account with a Nasdaq CSD account operator or a financial institution that is a member of the Nasdaq Riga or Nasdaq Vilnius Stock Exchange. An Estonian investor wishing to subscribe for the bonds should contact the securities account operator managing their account and submit the subscription undertaking during the offering period. A Latvian or Lithuanian investor wishing to subscribe for the bonds should contact the relevant financial institution and submit the subscription undertaking in the format and manner prescribed by the financial institution, in accordance with the terms of the Prospectus. By submitting the subscription undertaking, an investor authorises the account operator or the relevant financial institution managing the investor's current account linked to their securities account to immediately block the full transaction amount on the investor's current account until settlement is completed or funds are released in accordance with the terms set out in the Prospectus. Listing and admission to trading of unsecured subordinated bonds of Bigbank Bigbank will submit an application to Nasdaq Tallinn AS for the listing and admission to trading of all bonds issued under the Programme on the Baltic Bond List of the Nasdaq Tallinn Stock Exchange. The expected date of listing and admission to trading is on or about 30 June 2025. While every effort will be made and due care will be taken to ensure the listing and admission to trading of the unsecured subordinated bonds, Bigbank cannot guarantee that the bonds will be listed and admitted to trading. Availability of the documentation of the Offering The Prospectus, along with the Prospectus Summary, the Terms and Conditions, and the Final Terms of the bonds, has been published and can be obtained in electronic form on Bigbank's website at and the website of the EFSA at Additionally, the translations of the Prospectus Summary into Estonian, Latvian, and Lithuanian are available in electronic format on Bigbank's website at Before investing in Bigbank's unsecured subordinated bonds, we ask that you thoroughly review the Prospectus, the Prospectus Summary, the Terms and Conditions, and the Final Terms of the bonds. If necessary, please consult with an expert. Argo Kiltsmann Member of the Management Board Telephone: +372 5393 0833 Email: information This notice is an advertisement for securities within the meaning of the Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the Council European Parliament and does not constitute an offer to sell subordinated bonds or an invitation to subscribe to subordinated bonds. Each investor should make any decision to invest in the bonds solely based on the information contained in the Prospectus, the Prospectus Summary, the Terms and Conditions, and the Final Terms of the bonds. The approval of the Prospectus by the Financial Supervision and Resolution Authority is not considered to be a recommendation for Bigbank's subordinated bonds. The information contained in this notice is not intended to be published, distributed or transmitted, in whole or in part, directly or indirectly, in any country or under any circumstance where publication, sharing or transmission would be unlawful or to any persons to whom the competent authorities have applied financial sanctions. Bigbank's unsecured subordinated bonds will be publicly offered only in Estonia, Latvia, and Lithuania, and the sale or offer of the bonds shall not take place in any jurisdiction where such offer, invitation or sale would be unlawful without the exception or qualification of law or to any persons to whom the competent authorities have applied financial sanctions. The unsecured subordinated bonds are offered solely based on the Prospectus, the Prospectus Summary, the Terms and Conditions, and the Final Terms of the bonds, and the Offering is intended only for the persons to whom the Prospectus is directed. The present notice is not reviewed or confirmed by any supervisory authority, and it does not constitute a Bigbank-AS_Base-Prospectus_T2_2025_EN Bigbank-AS_Summary_First-Tranche_T2_June-2025_EN Bigbank-AS_Final-Terms_First-Tranche_T2_June-2025_EN Bigbank-AS_Terms-and-Conditions_T2_2025_EN
Yahoo
30-05-2025
- Business
- Yahoo
Moody's Affirms Bigbank's Ratings and Assessments
Moody's Ratings (Moody's) has affirmed all ratings and assessments of Bigbank AS, which were assigned last year. Moody's confirmed the following ratings for Bigbank: Long-term and short-term deposit ratings: Ba1/NP Baseline Credit Assessment (BCA) and Adjusted BCA: ba2 Long-term and short-term Counterparty Risk Ratings: Baa2/P-2 Long-term and short-term Counterparty Risk Assessments: Baa2(cr)/P-2(cr) The outlook on the bank's long-term deposit rating was revised from stable to negative. For more information, visit: Bigbank AS ( with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 April 2025, the bank's total assets amounted to 2.9 billion euros, with equity of 274 million euros. Operating in nine countries, the bank serves more than 170,000 active customers and employs over 550 people. The credit rating agency Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2. Argo KiltsmannMember of the Management BoardTelephone: +372 5393 0833Email: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
