Big bank
| Bigbank AS | |
|---|---|
| Country |
 Estonia
|
| Seat | Tartu |
| legal form | Estonian joint stock company |
| BIC | BIGKEE2BXXX |
| founding | 1992 |
| Website | www.bigbank.nl |
| Business data 2012/2013 | |
| Total assets | 282.9 million euros |
| Customer credit | 235.7 million euros |
| Employee | 583 |
| Offices | 23 |
| management | |
| Board | Kaido Saar (Chairman) Veiko Kandla Ingo Põder |
| Supervisory board | Parvel Pruunsild (Chairman) |
The Bigbank AS (proper spelling BIGBANK ) is a specialized term deposits and consumer credit bank in Tartu .
Companies
The company, based in Tartu , Estonia, has grown into one of the most profitable banks in the Baltic region since it was founded in 1992 . With an equity ratio of 21.2 percent, the big bank posted a profit of 7.03 million euros in the 2012 financial year . It has branch networks in Estonia, Latvia , Lithuania , Finland , Spain and Sweden . In Germany , Austria and the Netherlands it operates as a pure online bank . The company employs around 580 people. The bank is owned equally by the two founders and current board members Parvel Pruunsild and Vahur Voll. Kaido Saar has been CEO since April 2013.
In Germany and Austria, the big bank as an online bank only offers fixed-term deposits. It has been on the market in Germany since August 2009 and in Austria since February 2010. As a cross-border credit institution, the big bank is registered with the German Federal Financial Supervisory Authority (BaFin) and the Austrian Financial Market Authority (FMA). Direct supervision is carried out by the Estonian Financial Inspectorate. The auditors of the Bigbank is KPMG Baltics. The deposits and interest of customers are covered by the statutory deposit protection fund of Estonia (Tagatisfond) up to an amount of 100,000 euros per customer (as of January 1, 2011).
After it was founded on September 22, 1992, today's big bank expanded its activities and business field continuously, first in the Baltic States and then beyond. In September 2005 the company was licensed as a credit institution. As a specialist bank for consumer loans and time deposits, the big bank is not a member of the Estonian payment system. She therefore maintains her accounts with her correspondent bank in Estonia, SEB Bank.
history
In 1992, today's big bank began operations and opened its first representative office in Tartu, Estonia. A year later, the first offices were opened in Tallinn and Pärnu . In 1996 the bank founded a subsidiary in Latvia. In 1997, the company started using the BIG brand, which stands for "Balti Investeeringute Grupp" (Baltic Investment Company). In 2004, BIG applied for a license as a credit institution and listed bonds on the Tallinn Stock Exchange for the first time. In the following year, BIG received its license to operate as a credit institution and has been operating as a bank in Estonia since September 28, 2005. The company has since been called Balti Investeeringute Grupi Pank AS. BIG has been offering fixed-term deposit contracts on the Estonian market since 2006. A year later, a new branch of BIG was opened in Lithuania; it was the first corporate unit to operate under the current name of Bigbank. BIG organized the first international bond issue and listed the bonds on the Stockholm Stock Exchange . In the following year, the bank, which had previously operated under the BIG brand, was uniformly renamed Bigbank. After Estonia and Lithuania, the big bank also opened a bank branch in Latvia, and in Finland it offers savings accounts online. In her home country Estonia, she also started cooperation with the Post. The big bank became active in Germany in August 2009 and in Austria in February 2010. The first Finnish branch opened in November 2009, and consumer loans will also be available in Finland from March 2010. Since January 1, 2011, the big bank has also been offering a statutory deposit protection of € 100,000 in accordance with EU directives 94/19 / EC and 97/9 / EC. In March 2011, BIGBANK opened a branch in Spain, and at the beginning of 2012 it also started operations in the Netherlands and Sweden.
Web links
- Estonian Big Bank website
- German website of the big bank
- Austrian website of the big bank
- Big bank in the company database of BaFin
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ Business figures as of March 31, 2013
- ↑ a b Imprint of the German website
- ↑ BIGBANK financial report ( Memento of the original from January 1, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Internet presence of the BIGBANK ( Memento of the original from November 28, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Federal Financial Supervisory Authority
- ↑ Austrian Financial Market Authority ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Website of the Tagatisfond
- ↑ BIGBANK from 2011 with € 100,000 protection
