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
01.07.2026
The end date to which the information relates
30.09.2026
Version
1
Unique data record identifier
19146
Submission date and time
29.10.2026 08:30:00
Content of announcement in Estonian
Title
Inbanki 2026. aasta kolmanda kvartali ja 9 kuu auditeerimata majandustulemused
Message
2026. aasta kolmandas kvartalis saavutas Inbank rekordilise 227 miljoni euro suuruse müügimahu, aastatagusega võrreldes kasvas see 11%. Sama perioodi konsolideeritud puhaskasum kasvas 26% ja ulatus 6,3 miljoni euroni. 2026. aasta esimese üheksa kuu puhaskasum ulatus 14,6 miljoni euroni, kasvades aastatagusega võrreldes 11%. Omakapitali tootlus oli kolmandas kvartalis 14% ning aasta esimesel üheksal kuul 11,1%.
- Inbanki netotulu kasvas kolmandas kvartalis aastatagusega võrreldes 14% ja ulatus 25 miljoni euroni. Aasta esimese üheksa kuu netotulu kasvas 9% ja ulatus 68,8 miljoni euroni. Kvartali tulemus sisaldab ühekordset positiivset intressitulu korrigeerimist, mis tulenes intressitulu kajastamise metoodika muutmisest pärast Leedu laenuportfelli üleviimist Inbanki ühtsele platvormile. Tegevuskulud kasvasid aastases võrdluses 14% ja ulatusid 13 miljoni euroni. Selle peamiseks põhjuseks olid suurenenud personali- ja halduskulud (viimased sisaldavad ka eraldist Poola tarbijakaitseameti UOKiK määratud trahvi katteks). Kulu-tulu suhe paranes kolmandas kvartalis 52%-ni.
- Inbanki müügimaht ulatus 2026. aasta kolmandas kvartalis rekordilise 227 miljoni euroni, kasvades aastatagusega võrreldes 11%. Aasta esimese üheksa kuu müügimaht oli kokku 655 miljonit eurot, mis on 16% rohkem kui aasta tagasi.
- Tootesegmentide lõikes kasvas väikelaenude müügimaht aastaga 35%, ulatudes 56 miljoni euroni ja moodustades veerandi Inbanki kogu müügimahust. Autode finantseerimise müügimaht kasvas kolmandat kvartalit järjest ja ulatus 57 miljoni euroni, mis on 16% rohkem kui aasta tagasi. Kasvu toetasid koostöö Otomotoga Poolas ja Eesti autoturu jätkuv taastumine. Renditeenuste müügimaht suurenes aastaga 54%, ulatudes 19 miljoni euroni. Kasvu toetasid nii autode täisteenusrent kui ka tarbeelektroonika rent. Kvartali jooksul tõi Mobire turule ka uue kasutusrendi pakkumise. Inbanki suurima tootesegmendi, „maksa hiljem“ toodete müügimaht kasvas aastaga 8%, ulatudes 67 miljoni euroni. Rohefinantseerimise müügimaht vähenes aastases võrdluses 28% ja ulatus 28 miljoni euroni. Languse taga oli eelmise aasta erakordselt kõrge võrdlusbaas, sest siis saavutati Poolas riiklike toetuste toel väga tugev müük. Viimase kahe kvartali jooksul on rohefinantseerimise müügimaht siiski püsinud stabiilsena.
- Laenu- ja rendiportfell kasvas aastases võrdluses 9% ja ulatus 1,36 miljardi euroni, klientide hoiused kasvasid 4% ja ulatusid 1,37 miljardi euroni. Kolmanda kvartali lõpu seisuga oli Inbanki varade maht 1,67 miljardit eurot.
- Laenude ja nõuete allahindlused moodustasid 1,38% keskmisest laenu- ja rendiportfellist, paranedes võrreldes aastataguse 1,52%-ga. Vähenemist toetas krediidikvaliteedi paranemine Balti riikides ja Poolas.
- Kogukapitali suhtarv oli kvartali lõpus 18,74%. Septembri lõpus teatas Inbank 2021. aasta novembris emiteeritud esimese taseme täiendavate omavahendite (AT1) hulka kuuluvate võlakirjade ennetähtaegsest lunastamisest Finantsinspektsiooni eelneval nõusolekul. Võlakirjade nimiväärtus on kokku 4,5 miljonit eurot.
- 15. septembril asutasid Inbank ja Eurobank 50/50 ühisettevõtte INE Embedded Finance Credit Company S.A., mis hakkab pakkuma Kreeka turul embedded finance lahendusi. Ettevõte on esitanud Kreeka keskpangale tegevusloa taotluse. Eeldusel, et saadakse vajalikud regulatiivsed load, plaanitakse tegevust alustada 2027. aasta esimese kvartali lõpuks.
- Pärast kvartali lõppu, 22. oktoobril 2026, asutas Inbank kasvukomitee, mille esimeheks sai Jan Andresoo ning liikmeteks Erkki Raasuke ja Sergei Anikin. 23. oktoobril 2026 sai Jan Andresoost ka Inbanki nõukogu aseesimees.
- 2026. aasta kolmanda kvartali lõpu seisuga oli Inbankil rohkem kui 787 000 aktiivset kliendilepingut ja üle 6000 aktiivse koostööpartneri.
Tulemusi kommenteerib Inbanki tegevjuht Priit Põldoja:
„Oleme alates aasta algusest püstitanud igas kvartalis uusi müügimahu rekordeid ning kolmandas kvartalis väljendus tugev müügikasv ka paranenud kasumlikkuses. Hoolimata mitmest ühekordsest mõjust tuludele ja kuludele paranesid kolmandas kvartalis selgelt meie põhitegevuse marginaalid, riskikulu ja kasumlikkus. Puhaskasum kasvas aastases võrdluses 26%.
Edaspidi keskendume jätkuvalt marginaalide parandamisele ja kapitali suunamisele kõrgema tootlusega valdkondadesse. Eurobankiga loodud ühisettevõte on asutatud ja tegevusloa taotlemine on töös. Teeme ettevalmistusi Inbanki tehnoloogiaplatvormi ja toodete viimiseks Kreeka turule. “
Olulised finantsnäitajad 30.09.2026 seisuga
Varade maht: 1,67 miljardit eurot
Laenu- ja rendiportfell: 1,36 miljardit eurot
Hoiuseportfell: 1,37 miljardit eurot
Omakapital: 182 miljonit eurot
Puhaskasum: 6,3 miljonit eurot
Omakapitali tootlus: 14%
Konsolideeritud kasumiaruanne (tuhandetes eurodes)
III kvartal 2026 | III kvartal 2025 | 9 kuud 2026 | 9 kuud 2025 | |
| Intressitulu sisemise intressimäära meetodil | 33 792 | 32 003 | 97 263 | 95 042 |
| Intressikulu | - 13 003 | - 13 178 | - 38 957 | - 39 786 |
| Neto intressitulu | 20 789 | 18 825 | 58 306 | 55 256 |
| Komisjoni- ja teenustasutulu | 153 | 33 | 362 | 55 |
| Komisjoni- ja teenustasukulu | - 1 347 | - 1 295 | - 3 877 | - 3 408 |
| Neto teenustasutulu/kulu | - 1 194 | - 1 262 | - 3 515 | - 3 353 |
| Tulu renditeenustest | 11 974 | 9 965 | 34 682 | 28 439 |
| Eelnevalt klientidele renditud varade müük | 5 417 | 4 279 | 15 909 | 12 746 |
| Amortisatsioonikulu rendivaradelt | - 5 935 | - 4 690 | - 16 816 | - 13 511 |
| Muud põhitegevusega seotud kulud | - 2 069 | - 1 731 | - 6 247 | - 5 083 |
| Eelnevalt klientidele renditud müüdud varade kulu | - 4 857 | - 3 997 | - 14 794 | - 11 693 |
| Neto renditeenusega seotud tulud/kulud | 4 530 | 3 826 | 12 734 | 10 898 |
| Muud äritulud | 257 | 58 | 315 | 77 |
| Netokahjum/kasum õiglases väärtuses kajastatavatelt finantsvaradelt | 498 | 325 | 952 | 306 |
| Valuutakursi ümberhindluse kasumid/kahjumid | 86 | 81 | 37 | 139 |
| Neto kasum/kahjum finantsinstrumentidelt | 841 | 464 | 1 304 | 522 |
| Netotulud kokku | 24 966 | 21 853 | 68 829 | 63 323 |
| Tööjõukulud | - 6 451 | - 5 494 | - 18 910 | - 16 863 |
| Turunduskulud | - 992 | - 1 055 | - 3 361 | - 2 942 |
| Halduskulud | - 3 593 | - 3 040 | - 9 323 | - 9 068 |
| Põhivara kulum | - 1 955 | - 1 834 | - 5 443 | - 5 236 |
| Tegevuskulud kokku | - 12 991 | - 11 423 | - 37 037 | - 34 109 |
| Laenude ja nõuete allahindluse kulu | - 4 713 | - 4 740 | - 14 940 | - 14 085 |
| Aruandeperioodi kasum enne tulumaksu | 7 262 | 5 690 | 16 852 | 15 129 |
| Tulumaksu kulu | - 959 | - 682 | - 2 269 | - 2 026 |
| Aruandeperioodi kasum | 6 303 | 5 008 | 14 583 | 13 103 |
| Kirjed, mida võib edaspidi klassifitseerida kasumiaruandesse | ||||
| Realiseerimata kursivahed | - 290 | - 96 | - 363 | - 235 |
| Aruandeperioodi koondkasum | 6 013 | 4 912 | 14 220 | 12 868 |
Konsolideeritud finantsseisundi aruanne (tuhandetes eurodes)
30.09.2026 | 31.12.2025 | 30.09.2025 | |
| Varad | |||
| Raha ja raha ekvivalendid | 168 410 | 173 400 | 238 906 |
| Nõuded teistele pankadele | 9 998 | 10 004 | 0 |
| Investeeringud võlakirjadesse | 72 940 | 59 393 | 52 041 |
| Finantsvarad õiglases väärtuses muutustega läbi kasumiaruande | 16 | 94 | 57 |
| Laenud ja nõuded | 1 208 627 | 1 152 136 | 1 119 715 |
| Investeeringud ühisettevõtetesse | 4 799 | 0 | 0 |
| Muud finantsvarad | 6 596 | 3 610 | 8 176 |
| Materiaalsed varad | 136 760 | 113 835 | 103 279 |
| Vara kasutusõigus | 16 648 | 20 469 | 20 680 |
| Immateriaalsed varad | 34 979 | 33 492 | 33 061 |
| Muud varad | 5 434 | 6 300 | 5 515 |
| Edasilükkunud tulumaksu vara | 6 321 | 7 299 | 5 496 |
| Varad kokku | 1 671 528 | 1 580 032 | 1 586 926 |
| Kohustised | |||
| Klientide hoiused | 1 373 669 | 1 301 052 | 1 318 930 |
| Finantskohustised õiglases väärtuses muutustega läbi kasumiaruande | 0 | 265 | 417 |
| Muud finantskohustised | 43 997 | 46 204 | 53 936 |
| Tulumaksukohustis | 482 | 193 | 569 |
| Edasilükkunud tulumaksu kohustis | 1 546 | 1 350 | 1 072 |
| Muud kohustised | 12 203 | 11 132 | 10 365 |
| Allutatud võlaväärtpaberid | 57 253 | 48 866 | 40 927 |
| Kohustised kokku | 1 489 150 | 1 409 062 | 1 426 216 |
| Omakapital | |||
| Aktsiakapital | 1 190 | 1 178 | 1 152 |
| Ülekurss | 61 923 | 60 166 | 54 892 |
| Kohustuslik reservkapital | 119 | 115 | 115 |
| Muud reservid | 368 | 1 153 | 1 337 |
| Jaotamata kasum | 118 778 | 108 358 | 103 214 |
| Omakapital kokku | 182 378 | 170 970 | 160 710 |
| Kohustised ja omakapital kokku | 1 671 528 | 1 580 032 | 1 586 926 |
Inbank on Euroopa Liidu pangalitsentsiga finantstehnoloogia ettevõte, mis ühendab kaupmehi, tarbijaid ja finantsasutusi järgmise põlvkonna embedded finance platvormil. Koostöös enam kui 6000 kaupmehega on Inbankil 787 000+ 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 Q3 and 9 months of 2026
Message
In Q3 2026, Inbank reached a record originated volume of €227 million, representing an 11% year-on-year increase. Consolidated net profit for the quarter grew by 26% year-on-year to €6.3 million. Net profit for the first nine months of 2026 reached €14.6 million, up 11% year-on-year. The return on equity was 14% in Q3, and 11.1% for the first 9 months of the year.
- Inbank’s total net income increased by 14% year-on-year to €25 million in the third quarter and by 9% to €68.8 million in the first nine months of 2026. The quarterly result includes a positive one-off adjustment to interest income resulting from a change in the interest income recognition methodology following the migration of the Lithuanian loan portfolio to Inbank’s unified platform. Operating expenses increased by 14% year-on-year to €13 million, mainly due to higher personnel and administrative expenses, with the latter including a provision for the fine imposed by the Polish consumer protection authority UOKiK. Inbank’s cost-income ratio improved to 52% for the quarter.
- Originated volume reached a record €227 million in Q3 2026, up 11% year-on-year, bringing the total for the first 9 months of the year to €655 million, an increase of 16% year-on-year.
- Across product segments, personal loan volumes increased by 35% year-on-year to €56 million, accounting now for a quarter of Inbank’s total originated volume. Car financing volumes grew for the third consecutive quarter, reaching €57 million, up 16% year-on-year. Growth was supported by Inbank’s partnership with Otomoto in Poland and the continued recovery of the Estonian car market. Rental services volumes increased by 54% to €19 million, supported by both full-service vehicle rental and consumer electronics renta. During the quarter, Mobire also introduced an operating lease offering. Pay later products, Inbank’s largest product segment, recorded an 8% year-on-year increase in originated volume to €67 million. Green financing volumes declined by 28% year-on-year to €28 million, reflecting an exceptionally strong comparison period in Poland last year, when sales were boosted by government subsidies. However, volumes have remained stable over the past two quarters.
- The loan and rental portfolio grew 9% year-on-year to €1.36 billion, while customer deposits increased by 4% year-on-year to €1.37 billion. At the end of the third quarter, Inbank’s total assets stood at €1.67 billion.
- Impairments on loans and receivables accounted for 1.38% of the average loan and rental portfolio, down from 1.52% a year ago, reflecting improving credit quality in the Baltics and Poland.
- The total capital ratio stood at 18.74% at quarter end. At the end of September, Inbank announced the early redemption of its Additional Tier 1 (AT1) bonds issued in November 2021, with a total nominal value of €4.5 million, having received prior consent from the Estonian Financial Supervision and Resolution Authority.
- On 15 September, Inbank and Eurobank established INE Embedded Finance Credit Company S.A., a 50/50 joint venture to offer embedded finance solutions in Greece. The company has submitted an operating licence application to the Bank of Greece, with operations expected to begin by the end of Q1 2027, subject to regulatory approval.
- Following the end of the quarter, on 22 October 2026, Inbank established a Growth Committee, chaired by Jan Andresoo, and comprising Erkki Raasuke and Sergei Anikin as members. On 23 October 2026, Jan Andresoo was also appointed Vice-Chairman of Inbank’s Supervisory Board.
- At the end of Q3 2026, Inbank had more than 787,000 active customer contracts and over 6,000 active partners.
Priit Põldoja, CEO of Inbank, comments on the results:
“Since the beginning of the year, we have achieved record sales volumes every quarter, and in Q3 this momentum was accompanied by improved profitability. Despite several one-off effects on income and expenses, our underlying margins, cost of risk and profitability improved significantly during the quarter, with net profit increasing by 26% year-on-year.
Looking ahead, we remain focused on improving margins and allocating capital to higher-return areas. With our joint venture with Eurobank now established and the licensing process underway, we are preparing to bring Inbank’s technology platform and products to the Greek market.”
Key financial indicators as of 30 September 2026
Total assets €1.67 billion
Loan and rental portfolio €1.36 billion
Customer deposits €1.37 billion
Total equity €182 million
Net profit €6.3 million
Return on equity 14%
Consolidated income statement (in thousands of euros)
| Q3 2026 | Q3 2025 | 9 months 2026 | 9 months 2025 | |
| Interest income calculated using effective interest method | 33,792 | 32,003 | 97,263 | 95,042 |
| Interest expense | -13,003 | -13,178 | -38,957 | -39,786 |
| Net interest income | 20,789 | 18,825 | 58,306 | 55,256 |
| Fee and commission income | 153 | 33 | 362 | 55 |
| Fee and commission expenses | -1,347 | -1,295 | -3,877 | -3,408 |
| Net fee and commission income/expenses | -1,194 | -1,262 | -3,515 | -3,353 |
| Rental income | 11,974 | 9,965 | 34,682 | 28,439 |
| Sale of assets previously rented to customers | 5,417 | 4,279 | 15,909 | 12,746 |
| Depreciation of rental assets | -5,935 | -4,690 | -16,816 | -13,511 |
| Other operating expenses | -2,069 | -1,731 | -6,247 | -5,083 |
| Cost of assets sold previously rented to customers | -4,857 | -3,997 | -14,794 | -11,693 |
| Net rental income/expenses | 4,530 | 3,826 | 12,734 | 10,898 |
| Other operating income | 257 | 58 | 315 | 77 |
| Net gains/losses from financial assets measured at fair value | 498 | 325 | 952 | 306 |
| Foreign exchange rate gain/losses | 86 | 81 | 37 | 139 |
| Net gain/losses from financial items | 841 | 464 | 1,304 | 522 |
| Total net income | 24,966 | 21,853 | 68,829 | 63,323 |
| Personnel expenses | -6,451 | -5,494 | -18,910 | -16,863 |
| Marketing expenses | -992 | -1,055 | -3,361 | -2,942 |
| Administrative expenses | -3,593 | -3,040 | -9,323 | -9,068 |
| Depreciation, amortization | -1,955 | -1,834 | -5,443 | -5,236 |
| Total operating expenses | -12,991 | -11,423 | -37,037 | -34,109 |
| Impairment losses on loans and receivables | -4,713 | -4,740 | -14,940 | -14,085 |
| Profit before income tax | 7,262 | 5,690 | 16,852 | 15,129 |
| Income tax expense | -959 | -682 | -2,269 | -2,026 |
| Profit for the period | 6,303 | 5,008 | 14,583 | 13,103 |
| Other comprehensive income that may be reclassified subsequently to profit or loss | ||||
| Currency translation differences | -290 | -96 | -363 | -235 |
| Total comprehensive income for the period | 6,013 | 4,912 | 14,220 | 12,868 |
Consolidated statement of financial position (in thousands of euros)
| 30/09/2026 | 31/12/2025 | 30/09/2025 | |
| Assets | |||
| Cash and cash equivalents | 168,410 | 173,400 | 238,906 |
| Due from other banks | 9,998 | 10,004 | 0 |
| Investments in debt securities | 72,940 | 59,393 | 52,041 |
| Financial assets measured at fair value through profit or loss | 16 | 94 | 57 |
| Loans and andvances | 1,208,627 | 1,152,136 | 1,119,715 |
| Investments in joint ventures | 4,799 | 0 | 0 |
| Other financial assets | 6,596 | 3,610 | 8,176 |
| Tangible fixed assets | 136,760 | 113,835 | 103,279 |
| Right of use assets | 16,648 | 20,469 | 20,680 |
| Intangible assets | 34,979 | 33,492 | 33,061 |
| Other assets | 5,434 | 6,300 | 5,515 |
| Deferred tax assets | 6,321 | 7,299 | 5,496 |
| Total assets | 1,671,528 | 1,580,032 | 1,586,926 |
| Liabilities | |||
| Customer deposits | 1,373,669 | 1,301,052 | 1,318,930 |
| Financial liabilities measured at fair value through profit or loss | 0 | 265 | 417 |
| Other financial liabilities | 43,997 | 46,204 | 53,936 |
| Current tax liability | 482 | 193 | 569 |
| Deferred tax liability | 1,546 | 1,350 | 1,072 |
| Other liabilities | 12,203 | 11,132 | 10,365 |
| Subordinated debt securities | 57,253 | 48,866 | 40,927 |
| Total liabilities | 1,489,150 | 1,409,062 | 1,426,216 |
| Equity | |||
| Share capital | 1,190 | 1,178 | 1,152 |
| Share premium | 61,923 | 60,166 | 54,892 |
| Statutory reserve | 119 | 115 | 115 |
| Other reserves | 368 | 1,153 | 1,337 |
| Retained earnings | 118,778 | 108,358 | 103,214 |
| Total equity | 182,378 | 170,970 | 160,710 |
| Total liabilities and equity | 1,671,528 | 1,580,032 | 1,586,926 |
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 6,000 merchants, Inbank has 787,000+ active contracts and collects deposits across seven 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]