Bigbank

What Bigbank does

Bigbank AS is an Estonian-capital digital commercial bank founded in 1992 and headquartered in Tallinn, operating across nine European countries (Estonia, Latvia, Lithuania, Finland, Sweden, Bulgaria, Germany, Austria, and the Netherlands). The bank serves more than 196,000 active retail and SME customers through a digital-first architecture: a mobile app on iOS and Android, an internet banking platform, and e-identity authentication via Smart-ID+, Mobile-ID, and the Estonian ID-card. As a specialized credit institution, Bigbank's product set spans current accounts paying 2% interest with no monthly fees, term and savings deposits (up to 2.75% annual interest), credit and debit cards, and a broad lending range — home loans from 1.95%+Euribor, small consumer loans (Väikelaen) up to €30,000 from 7.9% with seven-second disbursement, business loans (working capital, investment, development, agricultural), and leasing products. Business customers are served via relationship managers, while retail flows are self-serve digital.

The bank earns revenue predominantly through net interest income on its loan portfolio (€2.9B as of April 2026, up ~22% YoY) net of interest paid on its €3.1B deposit base, supplemented by transaction and loan-origination fees (e.g., 0.4-2% contract fees). Capital is raised through subordinated and AT1 bond issuance (notably a €6M oversubscribed AT1 placement in June 2025) listed on Nasdaq Tallinn. Recent strategic actions include a flagship €210M synthetic securitization with the EIB Group (February 2026) to free regulatory capital for SME and green lending, and the announced wind-down of the Swedish branch by 31 May 2026 following a portfolio transfer in November 2025. Bigbank carries a Moody's Ba1 long-term bank deposit rating, 15.1% ROE (January 2026), and €37.9M net profit for 2025 (+17% YoY), with 650+ employees.

Name

Bigbank

Legal name

Bigbank AS

Website

https://bigbank.ee

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Bigbank AS is an Estonian-capital digital commercial bank founded in 1992, operating in nine European countries with 196,000+ retail and SME customers. It offers current accounts, deposits, home and consumer loans, business lending, and leasing through mobile, internet, and relationship banking channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Digital Retail Banking (Online & Mobile) (FSABAAAF)

akta.pro secondary industries

Lending & Credit Disbursements (FSAMAKAH), Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Consumer lending
• Retail banking services
• Home loan financing
• Digital banking
• Business loan products

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Net Interest Income: The primary revenue stream comes from interest income on loans (personal loans, home loans, business loans) minus interest paid on deposits. The bank reported net interest income of €49.8 million for the first five months of 2026, a 16% increase year-on-year. Interest rates on loans range from 1.95% + Euribor for housing loans to 7.9-16.9% for consumer loans and credit cards.
2. Deposit Taking: The bank accepts customer deposits and pays interest (2% on current accounts, up to 2.75% on term deposits). Customer deposits reached €3.1 billion as of April 2026. The spread between loan interest income and deposit interest expense constitutes core banking revenue.
3. Transaction and Service Fees: Fees from various banking services including account management, card transactions, and loan processing. The bank promotes fee-free current accounts with 2% interest as a customer acquisition tool. Some loan products have processing fees (e.g., 0.4-1% of loan amount for housing loans, 2% for consumer loans).
4. Bond Issuance: The bank raises capital through bond offerings. In October 2024, the bank announced a public offering of 6.5% fixed-rate unsecured bonds with 10-year maturity, part of a €30 million program, listed on Nasdaq Tallinn. In June 2025, an oversubscribed AT1 notes private placement raised €6 million.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Bigbank AS is an Estonian-capital digital bank providing retail and business current accounts, savings and term deposits, debit and credit cards, and a full spectrum of loan products including home loans, rental property loans, small consumer loans, refinancing, car loans, and renovation loans for individuals, along with working capital, investment, development, agricultural, and mortgage loans plus auto, green, and equipment leasing for businesses. The bank operates digitally through a mobile app, internet bank, and website with self-service onboarding using ID-card, Mobile-ID, and Smart-ID, while loans up to €30,000 are disbursed within seven seconds. It serves over 196,000 active customers across nine European countries through digital channels and offices in Tallinn and Tartu.

Product overview

Bigbank is a 100% Estonian-capital universal bank offering a comprehensive digital banking platform with products for both retail and business customers. The core offering includes current accounts with 2% interest (first in Estonia), digital banking through mobile app and internet bank, and diverse lending products. Retail products include home loans (from 1.95%+Euribor), small loans for various purposes (up to 30,000 EUR, from 7.9%), credit cards with 0% interest up to 30 days, and debit cards with no fees. Business offerings encompass current accounts, term and savings deposits, business loans (flipping, development, investment, agricultural, working capital, mortgage), credit lines, and leasing (auto, green, equipment). The bank operates across 9 European countries and serves over 193,000 active customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Pangakonto (Retail Current Account) Retail current account paying 2% interest on the balance with zero monthly or transaction fees, free instant transfers up to €100,000, and a free debit card for individual customers of Bigbank AS.
• Arvelduskonto (Business Current Account) Business current account paying 2% annual interest on the balance with no monthly fees and free instant transfers, letting Estonian companies manage daily banking operations and store liquidity.
• Tähtajaline hoius (Term Deposit) Fixed-term deposit paying up to 2.75% annual interest for individual customers, with restricted withdrawal timing tied to the deposit term.
• Säästuhoius (Savings Deposit) Liquid savings deposit paying 2.20% annual interest with the ability to withdraw funds within three business days, for individual customers wanting yield with modest access restrictions.
• Kogumishoius (Business Savings) Savings deposit for business customers with interest rates up to 2.25%, designed for entrepreneurs holding treasury balances with Bigbank.
• Tähtajaline hoius ettevõtjale (Business Term Deposit) Term deposit offering for business customers to lock surplus liquidity at agreed maturities.
• Deebetkaart (Debit Card) Fee-free Visa debit card with €0 monthly fee, 2% interest on the underlying account balance, up to €2,000 of free monthly ATM withdrawals worldwide, and optional virtual card for online purchases.
• Krediitkaart (Credit Card) Visa credit card with a €500–€5,000 credit limit, 0% interest for up to 30 days, no monthly or contract fees, and 16.9% annual interest thereafter, supporting mobile-wallet payments via Google Pay, Garmin Pay, and Fitbit Pay.
• Kodulaen (Home Loan) Residential mortgage for individual borrowers in Estonia starting from 1.95% + Euribor for amounts from €30,000 up to 30-year terms, with optional government guarantees lowering the down-payment barrier.
• Kodulaen üürikinnisvarale (Rental Property Loan) Mortgage product for individual investors financing rental property from €30,000 to €500,000, with interest from 2.50% + Euribor and a 15-20% down payment requirement.
• Koduvahetuslaen (Home Exchange Loan) Bridge loan for individual borrowers buying a new home before selling their existing one, with interest from 1.98% + Euribor and a special repayment schedule that lowers monthly payments during the sales window.
• Laen kinnisvara tagatisel (Real Estate Backed Loan) Real-estate-secured loan for individuals borrowing up to €250,000 at interest from 3.5% + Euribor, up to 85% loan-to-value against property.
• Kodu väikelaen (Home Small Loan) Unsecured small loan of up to €30,000 from 7.9% interest for individuals making smaller property purchases without needing full mortgage valuation or registration.
• Autolaen (Car Loan) Vehicle financing for individuals up to €30,000 at interest from 6.9% annually with no down payment required and 6–120 month terms; covers cars, motorcycles, and sailboats.
• Väikelaen (Small Consumer Loan) Unsecured general-purpose small loan for individual consumers up to €30,000 with interest from 7.9% annually and a 6-120 month term, used for unexpected expenses or aspirational purchases; marketed in specialized variants for renovation, refinancing, car repair, furniture, pets, family, travel, health, and education needs.
• Järelmaks (Installment Purchase) Buy-now-pay-later installment purchase service for individual consumers buying goods from partner merchants, with deferred payment through Bigbank.
• Flippimislaen (Property Flipping Loan) Short-duration business loan for property flippers acquiring, refurbishing, and reselling real estate for profit.
• Arenduslaen (Development Loan) Construction and development finance for businesses undertaking real-estate development projects.
• Investeerimislaen (Investment Loan) Business investment loan funding company growth investments, acquisitions, and strategic capital expenditures.
• Põllu- ja metsamaa laen (Agricultural and Forest Land Loan) Specialized business loan for farmers and landowners financing the acquisition of agricultural and forest land.
• Käibelaen (Working Capital Loan) Working capital facility for businesses financing day-to-day operational liquidity and cash-flow gaps.
• Krediidiliin (Business Credit Line) Revolving credit line for businesses allowing flexible, on-demand drawdowns and repayments up to an agreed limit.
• Hüpoteeklaen ettevõtjale (Business Mortgage Loan) Mortgage loan for businesses, secured against commercial or other property, supporting larger-scale corporate financing needs.
• Autoliising (Business Auto Leasing) Auto leasing facility for businesses financing company vehicles through structured lease agreements.
• Roheline liising (Green Leasing) Sustainable-focused leasing facility for businesses financing green vehicles and equipment meeting environmental criteria.
• Seadmeliising (Equipment Leasing) Equipment leasing facility for businesses financing the acquisition of operational assets and machinery through lease structures.
• Refinantseerimine (Refinancing Loan) Refinancing facility for individual borrowers to consolidate existing credit obligations into a single Bigbank loan to simplify administration and reduce interest costs, up to €30,000 from 7.9% annually.
• E-arved (E-Invoicing) Electronic invoicing service transmitted through an operator into Bigbank's internet bank, enabling individuals and businesses to receive, send, and automatically settle invoices digitally.

Quantifiable outcome

• 90% of customers are satisfied with service quality
• +6 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Pindi KinnisvaraminorStrategic or Co-development PartnerPartnership providing Bigbank customers with 20-25% discount on property valuations required for housing loans. Customers can use discount code when ordering valuations from Pindi Kinnisvara.
• KredEx (EIS)coreStrategic or Co-development PartnerKredEx (now EIS - Estonian Export and Development Cooperation) provides government-backed guarantees enabling Bigbank to offer home loans with lower down payments (down to 10%) for customers who qualify. This partnership reduces customer barrier to homeownership.
• MES (Maaelu Edendamise Sihtasutus)minorStrategic or Co-development PartnerMES co-lending program for rural housing allows Bigbank to accept MES Rural Home Co-Loan as up to 50% of down payment for properties in rural areas. This addresses the challenge of low collateral values in rural real estate.
• Tartu VõrkpalliklubiminorOthersSports sponsorship partnership - Bigbank supports Tartu volleyball club with €1 million sponsorship deal announced June 2026.
• Partner Merchant NetworkminorChannel Partner/ Reseller/ DistributorNetwork of partner merchants offering discounts to Bigbank debit and credit card holders. Includes restaurants (up to 15% discount), healthcare providers (5-25% discounts), fitness centers, home goods stores, and various retail partners.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bigbank.eesti

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bigbank