Embedding financing into the shopping journey and helping merchants to grow their business

Inbank’s financing solutions are embedded seamlessly into the shopping journey of 5,400 partners helping them grow their businesses.

Inbank is a specialised digital bank that focuses on hire-purchase and consumer financing. Inbank operates in Estonia, Latvia, Lithuania and Poland, and we also collect deposits from Germany, Austria and Netherlands. Inbank's purpose is to offer the best services in its field and to grow on the European market with a focused product range.

The Estonian banking market is profitable, well capitalised and open to new digital solutions. As a product-based bank we see sustainable growth primarily outside of Estonia. Inbank has the advantage of operating in profitable product lines and the ability to develop products suitable for customers and merchants outside traditional banking channels.

Jan Andresoo

Founder and Chairman of the Supervisory Board of Inbank

Data as of 28.02.2023.

Inbank number of contracts

Active customer contracts:

865 000+

Inbank number of employees

Number of employees:


Number of active partners

Number of active partners:


Inbank profit

Profit in 2022:

21 EURm

Data as of 28.02.2023.

Key financial indicators

In millions of euros 2018 2019 2020 2021 2022
Loan portfolio 226 338 402 605 755
Deposit portfolio 240 378 391 618 829
Total assets 318 463 490 787 1020
Owner’s equity 36 47 61 79 102
Net interest income 19,9 31,2 35,2 38,4 45,2
Net fee and commission income -0,4 -0,8 -1,1 -0,9 -0,1
Total net income 21,4 32,0 34,8 43,0 51,4
Operating expenses 10,6 16,0 17,3 24,4 30,3
Operating profit 10,7 16,0 17,5 18,6 21,0
Impairment losses on loans 2,7 6,0 11,5 6,7 11,2
Net profit 9,3 10,0 5,9 11,0 21,1
Return on equity 31,9% 23,9% 10,8% 15,6% 23,3%
Net interest margin 9,5% 8,4% 7,8% 6,6% 5,6%
Impairment losses to loan portfolio 1,7% 2,1% 3,1% 1,3% 1,6%
Cost/income ratio 49,9% 49,9% 49,7% 56,8% 59,0%
Compherensive income(EURm)
Inbank profit
Loans and deposit portfolio development (EURm)

Loan portfolio Deposits & senior debt

Inbank portfolio

Inbank’s story

Inbank stems from the Estonian financial technology company Cofi that was established in 2011 and launched an innovative hire-purchase solution on the market. Cofi rose from a start-up to the market leader of hire-purchases from 2011-2015.
In 2015 the Estonian Financial Supervision Authority issued a banking licence to Cofi and we started using the name Inbank. The launch campaign of the bank was so successful we collected 11 million euros worth of deposits in the first two days alone.
To support our rapid international growth, Inbank bonds were issued in September 2016 and have been listed on the Nasdaq Tallinn Stock Exchange since October 2016.


If you have any questions about investor relations, please contact Priit Põldoja, founder and Chairman of the Supervisory Board of Inbank, or send an e-mail to investor@inbank.ee

Contact us

Priit Põldoja

CEO, Chairman of the Management Board, Founder