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
Management interim statement or quarterly financial report
Unique data record identifier
5795
Attachments
Submission date and time
17.11.2016 11:30:00
Content of announcement in Estonian
Title
Inbank AS-i 2016. aasta III kvartali majandustulemused
Message
Inbanki 2016. aasta esimese üheksa kuu kasum oli 1,71 miljonit eurot
Inbanki konsolideeritud kasum 2016. aasta kolmandas kvartalis oli 599 tuhat
eurot, mis on 467 tuhat eurot rohkem kui eelmise aasta samal perioodil.
Käesoleva aasta esimese üheksa kuu kasum on 1,71 miljonit eurot, mis on
võrreldes eelmise aastaga 1,29 miljoni euro võrra rohkem.
Võrdluses eelmise aasta üheksa kuu tulemustega kasvasid märkimisväärselt kõigi
panga toodete müügimahud. Inbanki hoiuseportfell kasvas kolmandas kvartalis
28,1%, jõudes kvartali lõpu seisuga 63,7 miljoni euroni. Aastaga on Inbanki
hoiuseportfell kasvanud 227% ehk 44,2 miljoni euro võrra, mis tähendab, et pank
suudab endiselt laenutegevuse kasvu finantseerida Eestis kogutud jaehoiuste
abil. Hoiuste müük kasvas eelmise kvartaliga võrreldes 6,4% ja eelmise aasta
sama ajaga võrreldes 133%.
Inbanki laenuportfell kasvas kolmandas kvartalis 12,6%, ulatudes kvartali
lõpuks 60,8 miljoni euroni. Aastaga on laenuportfell kasvanud 137% ehk 35,1
miljoni euro võrra.
Eestis möödus kolmas kvartal müügimahu kiire kasvu tähe all, ent samal ajal
toimusid mõningased muudatused Läti ettevõtte müügistrateegias. Kõrge
krediidikvaliteedi hoidmise eesmärgil tehti otsus keskenduda müügile Inbanki
internetipanga ning valitud koostööpartnerite vahendusel. See tõi ootuspäraselt
kaasa müügimahtude esialgse vähenemise eelmise kvartaliga võrreldes.
Kolmandas kvartalis toimus ka Inbanki allutatud võlakirjade emissioon.
Võlakirjad märgiti 2,2-kordselt üle ja seetõttu kasutas pank võimalust
suurendada emissioonimahtu algselt 5 miljonilt eurolt 6,5 miljonile eurole.
Inbanki juhatuse esimehe Jan Andresoo sõnul valmistub ettevõte rahvusvaheliseks
laienemiseks ning uus laiapõhjaline investorbaas toetab ettevõtte kasvu ka
tulevikus.
Inbanki 2016. aasta kolmanda kvartali aruanne sisaldab korrektuure varasemate
perioodide finantstulemustes, mis on toodud vahearuande lisades.
Olulised finantsnäitajad seisuga 30. september 2016
-- Bilansimaht 82,6 miljonit eurot
-- Laenuportfelli suurus 60,8 miljonit eurot
-- Hoiuste maht 63,7 miljonit eurot
-- Puhaskasum 1,71 miljonit eurot
-- Omakapital 10,9 miljonit eurot
-- Omakapitali puhastootlikkus 24,1%
Konsolideeritud koondkasumiaruanne
EURt III kv 2016 9 kuud III kv 2015 9 kuud
2016 2015
(auditeerimata, (auditeer (auditeerimata, (auditeer
üle vaatamata) imata) üle vaatamata) imata)
--------------------------------------------------------------------------------
Jätkuvad tegevused
Intressitulu 2 741 6 902 1 090 2 693
Intressikulu -372 -931 -169 -461
--------------------------------------------------------------------------------
Neto intressitulu 2 369 5 971 921 2 232
Teenustasutulu 158 419 126 275
Teenustasukulu -96 -249 -59 -169
--------------------------------------------------------------------------------
Neto teenustasutulu 62 170 67 106
Muud põhitegevusega 131 444 193 485
seotud tulud
Tulud kokku 2 562 6 585 1 181 2 823
--------------------------------------------------------------------------------
Personalikulud -699 -1 779 -447 -1 030
Turunduskulud -161 -392 -93 -204
Halduskulud -214 -631 -184 -532
Põhivara kulum -44 -135 -37 -104
--------------------------------------------------------------------------------
Tegevuskulud kokku -1 118 -2 937 -761 -1 870
--------------------------------------------------------------------------------
Ärikasum 1 444 3 648 420 953
--------------------------------------------------------------------------------
Kasum 239 512 -77 14
sidusettevõtetelt
--------------------------------------------------------------------------------
Kasum enne 1 683 4 160 343 967
laenukahjumeid
Laenude allahindluse -1 101 -2 503 -212 -557
kulu
--------------------------------------------------------------------------------
Aruandeperioodi 582 1 657 131 410
kasum enne
tulumaksu
Edasikantud tulumaks 6 23 0 0
--------------------------------------------------------------------------------
Aruandeperioodi 588 1 680 131 410
koondkasum
Emaettevõtte osa 599 1 712 132 426
kasumist
Vähemusosaluse osa -11 -32 -1 -16
kasumist
--------------------------------------------------------------------------------
Aruandeperioodi 588 1 680 131 410
koondkasum
Konsolideeritud finantsseisundi aruanne
EURt 30.09.2016 31.12.2015
(auditeerimata) (korrigeeritud)
--------------------------------------------------------------------------------
Varad
Sularaha 4 3
Nõuded keskpankadele, kohustuslik reserv 354 154
Nõuded keskpankadele 14 540 345
Nõuded krediidiasutustele 4 172 4 882
Laenud ja nõuded 60 805 34 931
Investeeringud sidusettevõtjatesse 1 411 868
Materiaalsed varad 139 95
Immateriaalsed varad 836 760
Muud varad 308 286
--------------------------------------------------------------------------------
Varad kokku 82 569 42 324
Kohustised
Saadud laenud 0 110
Hoiused 63 684 29 711
Võlaväärtpaberid 0 3 114
Muud kohustused 1 527 1 381
Allutatud võlaväärtpaberid 6 473 0
--------------------------------------------------------------------------------
Kohustised kokku 71 684 34 316
Omakapital
Aktsiakapital 689 569
Ülekurss 6 386 5 393
Jaotamata kasum/kahjum 681 -279
Reservid 1 387 1 360
Muud reservid 25 0
Aruandeperioodi koondkasum 1 712 987
--------------------------------------------------------------------------------
Emaettevõtte aktsionäridele kuuluv omakapital 10 880 8 030
kokku
Mittekontrolliv osalus 5 -22
--------------------------------------------------------------------------------
Omakapital kokku 10 885 8 008
--------------------------------------------------------------------------------
Kohustised ja omakapital kokku 82 569 42 324
Inbanki aruanded on kättesaadavad aadressil
https://www.inbank.ee/inside/investor/reports/.
Mullu aprillis pangana tegutsemist alustanud Inbank pakub teenuseid oma
internetipanga ja suure partnervõrgustiku kaudu. Ettevõte sai alguse 2010.
aastal, kui loodi finantstehnoloogia- ja järelmaksuettevõte Cofi. Inbankil ja
tema sidusettevõtetel on Eestis ligi 160 tuhat aktiivset kliendilepingut.
Lisainfo:
Kristin Pihu
Turundus- ja kommunikatsioonispetsialist
+372 5348 2436
[email protected]
Content of announcement in English
Title
Financial results of Inbank AS for Q3 2016
Message
Inbank's profit for the first nine months of 2016 was 1,71 million euros The consolidated profit of Inbank in Q3 2016 was 599 thousand euros, a 467 thousand euro increase compared to the same period last year. Nine month consolidated profit for the bank was 1.71 million euros, which is 1.29 million euros more than in the previous year. In comparison to the results of the first nine months of the previous year, sale volumes of the bank’s main products grew significantly. The deposit portfolio increased by 28.1% in Q3 and reached 63.7 million euros. Over a year, the deposit portfolio of Inbank has increased by 227% or 44.2 million euros, showing that the bank is still able to finance the growth of its lending activities with Estonian retail deposits. Deposit sales increased by 6.4% in comparison to the second quarter and by 133% in comparison to the same period last year. The loan portfolio of Inbank increased by 12.6% in Q3 and reached 60.8 million euros. Over the year, the loan portfolio has increased by 137% or 35.1 million euros. While sales grew strongly in Estonia, the bank changed the sales strategy of the Latvian subsidiary in Q3. To ensure high credit quality, it was decided to focus on sales via Inbank’s internet bank and selected partners. This resulted in an expected initial decrease in sales in comparison to the previous quarter. Inbank’s subordinated bond issue also took place in Q3. The issue was oversubscribed by 2.2 times, which is why Inbank used the option to increase the volume of the issue from the initial 5 million euros to 6.5 million euros. According to the CEO of Inbank Jan Andresoo, the bank is preparing for an international expansion and the new broad investor base will also support the bank’s future growth. Inbank’s interim report for Q3 2016 includes restated financials for the previous period financial statements that are shown in the notes of the report. The report is currently available only in Estonian but will be translated to English in a matter of time and published on Inbank's web page. In case of any questions contact Inbank's Marketing and Communication Specialist Kristin Pihu on e-mail [email protected]. Important financial indicators as at 30 September 2016 -- Balance sheet total 82.6 million euros -- Loan portfolio 60.8 million euros -- Deposits 63.7 million euros -- Net profit 1.71 million euros -- Equity capital 10.9 million euros -- Net return on equity 24.1% Consolidated statement of comprehensive income EURt QIII 2016 9 months QIII 2015 9 months 2016 2015 (unaudited, (unaudit (unaudited, (unaudit unreviewed) ed) unreviewed) ed) -------------------------------------------------------------------------------- Continuing operations Interest income 2 741 6 902 1 090 2 693 Interest expenses -372 -931 -169 -461 -------------------------------------------------------------------------------- Net interest income 2 369 5 971 921 2 232 Fee and commission income 158 419 126 275 Fee and commission expense -96 -249 -59 -169 -------------------------------------------------------------------------------- Net fee and commission 62 170 67 106 income Other income related to 131 444 193 485 operations Total income 2 562 6 585 1 181 2 823 -------------------------------------------------------------------------------- Personnel costs -699 -1 779 -447 -1 030 Marketing expenses -161 -392 -93 -204 Administrative expenses -214 -631 -184 -532 Depreciation, amortisation -44 -135 -37 -104 and impairment -------------------------------------------------------------------------------- Total operating expenses -1 118 -2 937 -761 -1 870 -------------------------------------------------------------------------------- Operating profit 1 444 3 648 420 953 -------------------------------------------------------------------------------- Profit from affiliates 239 512 -77 14 -------------------------------------------------------------------------------- Profit before loan losses 1 683 4 160 343 967 Loan losses -1 101 -2 503 -212 -557 -------------------------------------------------------------------------------- Profit before income tax 582 1 657 131 410 Deferred income tax 6 23 0 0 -------------------------------------------------------------------------------- Total comprehensive income 588 1 680 131 410 for the period Profit attributable to the 599 1 712 132 426 parent company Profit attributable to -11 -32 -1 -16 non-controlling interest -------------------------------------------------------------------------------- Total comprehensive income 588 1 680 131 410 for the period Consolidated financial position EURt 30.09.2016 31.12.2015 (unaudited) (corrected) -------------------------------------------------------------------------------- Assets Cash in hand 4 3 Due from central banks, legal reserve 354 154 Due from central banks 14 540 345 Due from credit institutions 4 172 4 882 Loans and receivables 60 805 34 931 Investments in affiliates 1 411 868 Tangible assets 139 95 Intangible assets 836 760 Other assets 308 286 -------------------------------------------------------------------------------- Total assets 82 569 42 324 Liabilities Loans raised 0 110 Deposits 63 684 29 711 Debt securities issued 0 3 114 Other liabilities 1 527 1 381 Subordinated debt securities 6 473 0 -------------------------------------------------------------------------------- Total liabilities 71 684 34 316 Equity Share capital 689 569 Share premium 6 386 5 393 Retained profit/loss 681 -279 Reserves 1 387 1 360 Other reserves 25 0 Consolidated profit for reporting period 1 712 987 -------------------------------------------------------------------------------- Total equity capital held by shareholders of parent 10 880 8 030 company Non-controlling interest 5 -22 -------------------------------------------------------------------------------- Total equity 10 885 8 008 -------------------------------------------------------------------------------- Total liabilities and equity 82 569 42 324 The reports of Inbank are accessible online at https://www.inbank.ee/en/inside/investor/reports/. Inbank, which started operating as a bank in April 2015, offers services via its internet bank and its large partner network. The enterprise started its activities in 2010 when the financial technology and hire purchase company Cofi was established. Inbank and its subsidiaries have about 160 thousand active customer contracts in Estonia. Further information: Kristin Pihu Marketing and Communication Specialist +372 5348 2436 [email protected]