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.
Data as of 28.02.2023.
Active customer contracts:
865 000+
Number of employees:
300+
Number of active partners:
5400+
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)
Loans and deposit portfolio development (EURm)
Loan portfolio Deposits & senior debt
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.
Contact
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