Moody's Affirms Bigbank's Ratings, Downgrades Outlook to Negative

Moody's has affirmed Bigbank's ratings and assessments, confirming long-term and short-term deposit ratings at Ba1/NP, baseline credit assessment and adjusted BCA at ba2, long-term and short-term counterparty risk ratings at Baa2/P-2, and long-term and short-term counterparty risk assessments at Baa2(cr)/P-2(cr). The outlook on the bank's long-term deposit rating was revised from stable to negative.

Bigbank AS has taken significant steps to bolster its governance structure by establishing three new committees: the Risk Committee, the Remuneration Committee, and the Nomination Committee. The decision was made by the Supervisory Board of Bigbank AS [1].

The Risk Committee, comprising Sven Raba, Vahur Voll, and Jaan Liitmäe, will oversee the bank's risk management strategies. The Remuneration Committee, led by Alari Aho, Juhani Jaeger, and Jaan Liitmäe, will handle executive remuneration. The Nomination Committee, with Alari Aho, Juhani Jaeger, and Sven Raba as members, will manage the selection of new board members. These committees will meet as needed, with their chairmen elected from among their members [1].

In addition to these new committees, Bigbank AS will continue its operations with an active Audit Committee. The bank's management board, led by Martin Länts, will oversee these committees and ensure they operate effectively [1].

Bigbank AS, a commercial bank owned by Estonian capital, has seen its total assets reach 2.9 billion euros as of April 30, 2025, with equity of 274 million euros. The bank operates in nine countries, serving over 170,000 active customers and employing over 550 people [1].

Moody's has affirmed Bigbank's ratings, confirming long-term and short-term deposit ratings at Ba1/NP, baseline credit assessment and adjusted BCA at Ba2, long-term and short-term counterparty risk ratings at Baa2/P-2, and long-term and short-term counterparty risk assessments at Baa2(cr)/P-2(cr). However, the outlook on the bank's long-term deposit rating has been revised from stable to negative [1].

References:
[1] https://www.globenewswire.com/news-release/2025/05/29/3090460/0/en/Establishment-of-the-Risk-Nomination-and-Remuneration-Committees-of-Bigbank.html