The volume of loans issued to clients of Balti Investeeringute Grupi Pank AS (BIG) increased by 92% during the first 9 months of this year, reaching a total of approximately 900 million kroons as of the end of September.

The issued loans comprise 88% of BIG’s assets while demand deposits at the central bank and credit institutions constituted about 7%. The company’s focus on issuing loans as the main activity means that the structure of BIG’s assets is clearly oriented towards only serving loan clients.

The company acquired the resources necessary to finance the growing loan volumes both via bonds and in the deposits market, with the bank loans sum increasing as well. In the first 9 months of this year BIG borrowed 84.5 million kroons from other banks, issued bonds to the amount of 147.7 million kroons and provided fixed-term deposits totalling 114.3 million kroons. The bank’s liabilities grew in the first 9 months of this year by 350.8 million kroons – an 86% increase.

With the loan portfolio increase the equity capital of the bank grew during these 9 months by 101.9 million kroons (79%). Despite that growth, the bank’s capitalisation remained on the same level.

No substantial changes have been introduced to BIG loan products’ terms and conditions and structure in 2006 so far. BIG continues to offer mainly private persons consumer loans against real estate, surety and income guarantee, as well as smaller unsecured loans.

Targo Raus
Chairman of the Board
6309 938