In the first half of the year 2002, AS Balti Investeeringute Grupp (BIG) earned a net profit exceeding EEK 4 million, twice as much as in the same period last year.

In the first six months, BIG's total volume of loans increased by 13.6% as compared to last year, now totalling EEK 94.9 million. In the first half of the year, BIG granted loans in the total amount of EEK 44.5 million, 85.5% more than in the same period a year earlier. The bond portfolio has increased by 27% in the first six months, now amounting to EEK 54.5 million.

Compared to the end of last year, BIG's balance sheet total has gained close to EEK 20 million, reaching EEK 121.8 million.

AS Balti Investeeringute Grupp was founded in Tartu in 1992. With about 2900 clients, BIG is the greatest lender of money to private persons in the Baltic States after banks and leasing companies. In 1993, the company expanded to Tallinn and in 1994 to Pärnu. The first foreign branch was established in Riga in 1996. The name of the subsidiary is AS Baltijas Izaugsmes Grupa and its main areas of operation are similar to those of the parent company.

Further information:

Ingo Põder
Chairman of the management board of AS Balti Investeeringute Grupp
Tel. 07 441 950