Market announcement
AS Inbank
LEI code
2138005M92IEIQVEL297
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Does the information contain personal data?
Yes
Is the data provided voluntary or not?
No
Original language of the information to be provided
Estonian
Is information covering a period?
Yes
The start date to which the information relates
01.04.2026
The end date to which the information relates
30.06.2026
Version
1
Unique data record identifier
18839
Submission date and time
30.07.2026 08:00:00
Content of announcement in Estonian
Title
Inbanki 2026. aasta teise kvartali ja 6 kuu auditeerimata majandustulemused
Message
2026. aasta teises kvartalis saavutas Inbank rekordilise 221 miljoni euro suuruse müügimahu, kasvades aastatagusega võrreldes 13%. Sama perioodi konsolideeritud puhaskasum kasvas 20% ja ulatus 4,3 miljoni euroni. 2026. aasta esimese poolaasta puhaskasum ulatus 8,3 miljoni euroni, kasvades aastatagusega võrreldes 2%. Omakapitali tootlus oli teises kvartalis 9,8% ning esimesel poolaastal 9,6%.
- Inbanki netotulu kasvas teises kvartalis aastatagusega võrreldes 6% ja ulatus 22 miljoni euroni. Esimese poolaasta netotulu kasvas samuti 6% ja ulatus 43,9 miljoni euroni. Tegevuskulud ulatusid 11,9 miljoni euroni, aastases võrdluses kasvasid need 3%, kuid eelmise kvartaliga võrreldes vähenesid veidi. Selle tulemusel paranes kulu-tulu suhtarv teises kvartalis 54,3%-ni.
- Inbanki müügimaht ulatus 2026. aasta teises kvartalis rekordilise 221 miljoni euroni, kasvades aastatagusega võrreldes 13%. Esimese poolaasta müügimaht ulatus 428 miljoni euroni, kasvades aastases võrdluses 18%. Kasv oli laiapõhjaline – Kesk- ja Ida-Euroopas kasvas müügimaht 17% ning Balti riikides 10%.
- Tootesegmentide lõikes kasvas väikelaenude müügimaht aastatagusega võrreldes 59% ja ulatus 55,8 miljoni euroni, mida toetas jätkuv fookus tootearendusele ja müügikanalite arendamisele. Renditeenuste müügimaht kasvas 47% ja ulatus 20,3 miljoni euroni, seda toetas nii autode täisteenusrendi kui ka tarbeelektroonika rendi segmendi kasv. Autode finantseerimise maht kasvas 11% ja ulatus 52,4 miljoni euroni, kasvu toetasid Otomoto partnerlus Poolas ning Eesti autoturu jätkuv taastumine. „Maksa hiljem“ toodete müük, mis on Inbanki suurim segment, püsis aastatagusega võrreldes üsna samal tasemel, ulatudes 64,6 miljoni euroni. Rohefinantseerimise müügimaht vähenes aastases võrdluses 23% ja ulatus 28,4 miljoni euroni, kuna päikesepaneelide finantseerimise nõudlus Poolas normaliseerus pärast eelmisel aastal riiklike toetuste toel toimunud erakordselt tugevat müüki.
- Laenu- ja rendiportfell kasvas aastases võrdluses 10% ja ulatus 1,32 miljardi euroni, hoiuste portfell kasvas aga 7% ja ulatus samuti 1,32 miljardi euroni. Teise kvartali lõpu seisuga oli Inbanki varade maht 1,61 miljardit eurot.
- Laenude ja nõuete allahindlused moodustasid 1,54% keskmisest laenu- ja rendiportfellist, paranedes nii aastatagusega kui ka eelmise kvartaliga võrreldes. Allahindluste osakaal püsib Inbanki sihtvahemiku piires.
- Juunis viis Inbank läbi suunatud võlakirjaemissiooni, kaasates 8,34 miljoni euro väärtuses esimese taseme täiendavaid omavahendeid (AT1) intressimääraga 8,25% aastas. Emissioon märgiti 2,1 korda üle ning see pälvis tugevat huvi mitmekesiselt investorite ringilt, sealhulgas perekondade varahaldusettevõtetelt (family offices), institutsionaalsetelt investoritelt, pensionifondidelt ja jõukatelt eraisikutelt. Kogukapitali suhtarv ulatus kvartali lõpuks 18,38%-ni.
- Juulis sõlmis Inbank Eurobankiga kokkuleppe asutada 50/50 ühisettevõte, mille eesmärk on ehitada üles embedded finance äri Kreekas, ühendades Maksa hiljem tooteid, järelmaksu ja tarbimislaenu tooted. Litsentsimenetlus Kreeka keskpangaga (Bank of Greece) on käimas ning äritegevuse käivitamist oodatakse 2027. aasta esimeses kvartalis, eeldusel et saadakse vajalikud regulatiivsed load.
- Inbank tugevdas oma juhtimisstruktuuri ja tegevusmudelit. Alates 1. juunist nimetati ärijuhi (Chief Commercial Officer, CCO) ametikohale Margus Kastein. Alates 1. juulist nimetati tootejuhiks (Chief Product Officer, CPO) Piret Paulus. 10. augustil 2026 asub Inbanki tehnoloogiajuhina (Chief Technology Officer, CTO) tööle Marten Meikop.
- 2026. aasta teise kvartali lõpu seisuga oli Inbankil 807 000 aktiivset kliendilepingut ja üle 6200 aktiivse koostööpartneri.
Tulemusi kommenteerib Inbanki tegevjuht Priit Põldoja:
„Inbank näitas teises kvartalis tugevat tulemust, saavutades taas rekordilise müügimahu ning parandades samal ajal veidi ka kasumlikkust. Kasv oli laiapõhjaline üle kõigi meie turgude ja toodete, seda vedasid eelkõige väikelaenud ja renditeenused. Kuigi netotulu kasv jäi mõõdukaks, kasvas puhaskasum 20%, tänu madalale tegevuskulukasvule ja heale krediidikvaliteedile.
Lisaks põhitegevuse heale tulemusele tõi kvartal kaasa olulise strateegilise verstaposti. Juulis sõlmisime Eurobankiga kokkuleppe ühisettevõtte asutamiseks ja Kreeka turule sisenemiseks – see tähendab Inbanki jaoks täiesti uut strateegilist suunda, kuna siseneme esimest korda uuele turule koos tugeva kohaliku partneriga. Kasvavate ärimahtude, paranevate marginaalide ning Kreekas avaneva põneva uue turu toel alustab Inbank 2026. aasta teist poolaastat healt positsioonilt.”
Olulised finantsnäitajad 30.06.2026 seisuga
Varade maht: 1,61 miljardit eurot
Laenu- ja rendiportfell: 1,32 miljardit eurot
Hoiuseportfell: 1,32 miljardit eurot
Omakapital: 176,2 miljonit eurot
Puhaskasum: 4,3 miljonit eurot
Omakapitali tootlus: 9,8%
Konsolideeritud kasumiaruanne (tuhandetes eurodes)
II kvartal 2026 | II kvartal 2025 | 6 kuud 2026 | 6 kuud 2025 | |
| Intressitulu sisemise intressimäära meetodil | 31 969 | 31 766 | 63 471 | 63 039 |
| Intressikulu | - 12 828 | - 13 295 | - 25 954 | - 26 608 |
| Neto intressitulu | 19 141 | 18 471 | 37 517 | 36 431 |
| Komisjoni- ja teenustasutulu | 117 | 15 | 209 | 22 |
| Komisjoni- ja teenustasukulu | - 1 241 | - 881 | - 2 530 | - 2 113 |
| Neto teenustasutulu/kulu | - 1 124 | - 866 | - 2 321 | - 2 091 |
| Tulu renditeenustest | 11 718 | 9 524 | 22 995 | 18 673 |
| Eelnevalt klientidele renditud varade müük | 4 892 | 4 307 | 10 205 | 8 268 |
| Amortisatsioonikulu rendivaradelt | - 5 561 | - 4 559 | - 10 881 | - 8 821 |
| Muud põhitegevusega seotud kulud | - 2 196 | - 1 669 | - 4 178 | - 3 352 |
| Eelnevalt klientidele renditud müüdud varade kulu | - 4 763 | - 4 053 | - 9 937 | - 7 696 |
| Neto renditeenusega seotud tulud/kulud | 4 090 | 3 550 | 8 204 | 7 072 |
| Muud äritulud | 14 | 8 | 58 | 19 |
| Netokahjum/kasum õiglases väärtuses kajastatavatelt finantsvaradelt | - 183 | - 463 | 454 | - 19 |
| Valuutakursi ümberhindluse kasumid/kahjumid | 59 | 39 | - 49 | 58 |
| Neto kasum/kahjum finantsinstrumentidelt | - 110 | - 416 | 463 | 58 |
| Netotulud kokku | 21 997 | 20 739 | 43 863 | 41 470 |
| Tööjõukulud | - 6 472 | - 5 759 | - 12 459 | - 11 369 |
| Turunduskulud | - 1 166 | - 1 034 | - 2 369 | - 1 887 |
| Halduskulud | - 2 537 | - 3 066 | - 5 730 | - 6 028 |
| Põhivara kulum | - 1 768 | - 1 739 | - 3 488 | - 3 402 |
| Tegevuskulud kokku | - 11 943 | - 11 598 | - 24 046 | - 22 686 |
| Laenude ja nõuete allahindluse kulu | - 5 027 | - 4 875 | - 10 227 | - 9 345 |
| Aruandeperioodi kasum enne tulumaksu | 5 027 | 4 266 | 9 590 | 9 439 |
| Tulumaksu kulu | - 763 | - 702 | - 1 310 | - 1 344 |
| Aruandeperioodi kasum | 4 264 | 3 564 | 8 280 | 8 095 |
| Kirjed, mida võib edaspidi klassifitseerida kasumiaruandesse | ||||
| Realiseerimata kursivahed | 6 | - 32 | - 73 | - 139 |
| Aruandeperioodi koondkasum | 4 270 | 3 532 | 8 207 | 7 956 |
Konsolideeritud finantsseisundi aruanne (tuhandetes eurodes)
30.06.2026 | 31.12.2025 | 30.06.2025 | |
| Varad | |||
| Raha ja raha ekvivalendid | 101 234 | 144 541 | 162 628 |
| Kohustuslikud reservid keskpankades | 25 879 | 28 859 | 26 687 |
| Nõuded teistele pankadele | 10 168 | 10 004 | 0 |
| Investeeringud võlakirjadesse | 90 454 | 59 393 | 47 447 |
| Finantsvarad õiglases väärtuses muutustega läbi kasumiaruande | 136 | 94 | 0 |
| Laenud ja nõuded | 1 182 331 | 1 152 136 | 1 088 936 |
| Muud finantsvarad | 3 479 | 3 610 | 5 829 |
| Materiaalsed varad | 128 923 | 113 835 | 102 110 |
| Vara kasutusõigus | 17 601 | 20 469 | 21 241 |
| Immateriaalsed varad | 34 604 | 33 492 | 32 557 |
| Muud varad | 6 625 | 6 300 | 6 706 |
| Edasilükkunud tulumaksu vara | 7 084 | 7 299 | 5 218 |
| Varad kokku | 1 608 518 | 1 580 032 | 1 499 359 |
| Kohustised | |||
| Klientide hoiused | 1 320 001 | 1 301 052 | 1 233 383 |
| Finantskohustised õiglases väärtuses muutustega läbi kasumiaruande | 0 | 265 | 687 |
| Muud finantskohustised | 42 095 | 46 204 | 57 098 |
| Tulumaksukohustis | 1 012 | 193 | 529 |
| Edasilükkunud tulumaksu kohustis | 1 445 | 1 350 | 878 |
| Muud kohustised | 10 480 | 11 132 | 10 194 |
| Allutatud võlaväärtpaberid | 57 277 | 48 866 | 40 911 |
| Kohustised kokku | 1 432 310 | 1 409 062 | 1 343 680 |
| Omakapital | |||
| Aktsiakapital | 1 190 | 1 178 | 1 152 |
| Ülekurss | 61 922 | 60 166 | 54 849 |
| Kohustuslik reservkapital | 119 | 115 | 115 |
| Muud reservid | 539 | 1 153 | 1 357 |
| Jaotamata kasum | 112 438 | 108 358 | 98 206 |
| Omakapital kokku | 176 208 | 170 970 | 155 679 |
| Kohustised ja omakapital kokku | 1 608 518 | 1 580 032 | 1 499 359 |
Inbank on Euroopa Liidu pangalitsentsiga finantstehnoloogia ettevõte, mis ühendab kaupmehi, tarbijaid ja finantsasutusi järgmise põlvkonna embedded finance platvormil. Koostöös enam kui 6200 kaupmehega on Inbankil 807 000+ aktiivset lepingut ja hoiuseid kogutakse seitsmes Euroopa riigis. Inbanki võlakirjad on noteeritud Nasdaq Tallinna börsil.
Lisainfo:
Styv Solovjov
AS Inbank
investorsuhete juht
5645 9738
[email protected]
Attachments
Content of announcement in English
Title
Inbank unaudited financial results for Q2 and 6 months of 2026
Message
In Q2 2026, Inbank reached a record originated volume of €221 million, representing a 13% year-on-year increase. Consolidated net profit for the quarter grew by 20% year-on-year to €4.3 million. Net profit for the first half of 2026 reached €8.3 million, up 2% year-on-year. The return on equity was 9.8% in Q2, and 9.6% for the first 6 months of the year.
- Inbank's total net income for the second quarter increased by 6% year-on-year to €22 million, and 6% to €43.9 million for the first 6 months. Operating expenses rose 3% year-on-year to €11.9 million, declining slightly from the previous quarter. As a result, Inbank's cost / income ratio improved to 54.3% for the quarter.
- Originated volume reached a record €221 million in Q2 2026, up 13% year-on-year, bringing originated volume for the first 6 months of 2026 to €428 million, up 18% year-on-year. Growth was broad-based, with 17% in Central and Eastern Europe and 10% in the Baltics.
- By product segment, personal loan origination volumes grew 59% year-on-year to €55.8 million, supported by sustained focus on the product and its distribution. Rental services grew by 47% to €20.3 million, supported by growth in both full-service vehicle rental and consumer electronics rental. Car financing grew by 11% to €52.4 million, supported by the Otomoto partnership in Poland and the continued recovery of Estonia’s car market. Pay later product volumes, Inbank's largest segment, were broadly flat year-on-year at €64.6 million. Green financing declined 23% year-on-year to €28.4 million, as Polish solar financing demand normalised after last year’s exceptionally strong, subsidy-driven activity.
- The loan and rental portfolio grew 10% year-on-year to €1.32 billion, while the deposit portfolio increased 7% year-on-year to €1.32 billion. As of the end of Q2, Inbank's total assets stood at €1.61 billion.
- Impairments on loans and receivables were 1.54% of the average loan and rental portfolio, an improvement from both a year ago and the previous quarter, and remained within Inbank's target range.
- In June, Inbank completed a private placement of Additional Tier 1 (AT1) bonds worth €8.34 million at 8.25% per annum, oversubscribed 2.1 times, attracting a diversified investor base including family offices, institutional investors, pension funds and high-net-worth individuals. The total capital ratio reached 18.38% by quarter-end.
- In July, Inbank signed an agreement with Eurobank to establish a 50/50 joint venture to build an embedded finance business in Greece, combining BNPL, sales finance and consumer lending products. Licensing with the Bank of Greece is underway, with commercial launch expected in Q1 2027, subject to regulatory approvals.
- Inbank strengthened its leadership and operating model. Margus Kastein was appointed Chief Commercial Officer (effective 1 June), Piret Paulus was appointed Chief Product Officer (effective 1 July), and Marten Meikop will join as Chief Technology Officer on 10 August 2026.
- By the end of Q2 2026, Inbank had 807,000 active customer contracts and over 6,200 active partners.
Priit Põldoja, CEO of Inbank, comments on the results:
“Inbank delivered a strong second quarter, with yet another record originated volume accompanied by a slight improvement in profitability. Growth was broad-based across our markets and products, led by personal loans and rental services. While revenue growth was modest, net profit grew by more than 20% thanks to low operating expense growth and stable credit quality.
In addition to solid underlying business performance, the quarter also marked an important strategic milestone. In July, we signed an agreement with Eurobank to establish a joint venture and enter the Greek market – a completely new strategic direction for Inbank, as we enter a new market for the first time together with a strong local partner. With growing business volumes, improving margins and an exciting new market ahead of us in Greece, Inbank enters the second half of 2026 with good momentum.”
Key financial indicators as of 30.06.2026
Total assets € 1.61 billion
Loan and rental portfolio € 1.32 billion
Customer deposits € 1.32 billion
Total equity € 176.2 million
Net profit € 4.3 million
Return on equity 9.8%
Consolidated income statement (in thousands of euros)
Q2 2026 | Q2 2025 | 6 months 2026 | 6 months 2025 | |
| Interest income calculated using effective interest method | 31,969 | 31,766 | 63,471 | 63,039 |
| Interest expense | -12,828 | -13,295 | -25,954 | -26,608 |
| Net interest income | 19,141 | 18,471 | 37,517 | 36,431 |
| Fee and commission income | 117 | 15 | 209 | 22 |
| Fee and commission expenses | -1,241 | -881 | -2,530 | -2,113 |
| Net fee and commission income/expenses | -1,124 | -866 | -2,321 | -2,091 |
| Rental income | 11,718 | 9,524 | 22,995 | 18,673 |
| Sale of assets previously rented to customers | 4,892 | 4,307 | 10,205 | 8,268 |
| Depreciation of rental assets | -5,561 | -4,559 | -10,881 | -8,821 |
| Other operating expenses | -2,196 | -1,669 | -4,178 | -3,352 |
| Cost of assets sold previously rented to customers | -4,763 | -4,053 | -9,937 | -7,696 |
| Net rental income/expenses | 4,090 | 3,550 | 8,204 | 7,072 |
| Other operating income | 14 | 8 | 58 | 19 |
| Net gains/losses from financial assets measured at fair value | -183 | -463 | 454 | -19 |
| Foreign exchange rate gain/losses | 59 | 39 | -49 | 58 |
| Net gain/losses from financial items | -110 | -416 | 463 | 58 |
| Total net income | 21,997 | 20,739 | 43,863 | 41,470 |
| Personnel expenses | -6,472 | -5,759 | -12,459 | -11,369 |
| Marketing expenses | -1,166 | -1,034 | -2,369 | -1,887 |
| Administrative expenses | -2,537 | -3,066 | -5,730 | -6,028 |
| Depreciation, amortization | -1,768 | -1,739 | -3,488 | -3,402 |
| Total operating expenses | -11,943 | -11,598 | -24,046 | -22,686 |
| Impairment losses on loans and receivables | -5,027 | -4,875 | -10,227 | -9,345 |
| Profit before income tax | 5,027 | 4,266 | 9,590 | 9,439 |
| Income tax expense | -763 | -702 | -1,310 | -1,344 |
| Profit for the period | 4,264 | 3,564 | 8,280 | 8,095 |
| Other comprehensive income that may be reclassified subsequently to profit or loss | ||||
| Currency translation differences | 6 | -32 | -73 | -139 |
| Total comprehensive income for the period | 4,270 | 3,532 | 8,207 | 7,956 |
Consolidated statement of financial position (in thousands of euros)
30/06/2026 | 31/12/2025 | 30/06/2025 | |
| Assets | |||
| Cash and cash equivalents | 101,234 | 144,541 | 162,628 |
| Mandatory reserves at central banks | 25,879 | 28,859 | 26,687 |
| Due from other banks | 10,168 | 10,004 | 0 |
| Investments in debt securities | 90,454 | 59,393 | 47,447 |
| Financial assets measured at fair value through profit or loss | 136 | 94 | 0 |
| Loans and receivables | 1,182,331 | 1,152,136 | 1,088,936 |
| Other financial assets | 3,479 | 3,610 | 5,829 |
| Tangible fixed assets | 128,923 | 113,835 | 102,110 |
| Right of use assets | 17,601 | 20,469 | 21,241 |
| Intangible assets | 34,604 | 33,492 | 32,557 |
| Other assets | 6,625 | 6,300 | 6,706 |
| Deferred tax assets | 7,084 | 7,299 | 5,218 |
| Total assets | 1 608 518 | 1 580 032 | 1,499,359 |
| Liabilities | |||
| Customer deposits | 1,320,001 | 1,301,052 | 1,233,383 |
| Financial liabilities measured at fair value through profit or loss | 0 | 265 | 687 |
| Other financial liabilities | 42,095 | 46,204 | 57,098 |
| Current tax liability | 1,012 | 193 | 529 |
| Deferred tax liability | 1,445 | 1,350 | 878 |
| Other liabilities | 10,480 | 11,132 | 10,194 |
| Subordinated debt securities | 57,277 | 48,866 | 40,911 |
| Total liabilities | 1 432 310 | 1 409 062 | 1,343,680 |
| Equity | |||
| Share capital | 1,190 | 1,178 | 1,152 |
| Share premium | 61,922 | 60,166 | 54,849 |
| Statutory reserve | 119 | 115 | 115 |
| Other reserves | 539 | 1,153 | 1,357 |
| Retained earnings | 112,438 | 108,358 | 98,206 |
| Total equity | 176 208 | 170 970 | 155,679 |
| Total liabilities and equity | 1,608,518 | 1,580,032 | 1,499,359 |
Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 6,200 merchants, Inbank has 807,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.
Additional information:
Styv Solovjov
AS Inbank
Head of Investor Relations
+372 5645 9738
[email protected]