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
5968
Attachments
Submission date and time
01.03.2017 09:36:10
Content of announcement in Estonian
Title
Inbank AS-i 2016. aasta IV kvartali auditeerimata majandustulemused
Message
Inbanki konsolideeritud kasum 2016. aasta neljandas kvartalis oli 937 tuhat
eurot, mis on 376 tuhat eurot rohkem kui eelmise aasta samal perioodil. 2016.
aasta kogukasum oli 2,65 miljonit eurot, mis on võrreldes eelmise aastaga 1,66
miljoni euro võrra rohkem.
2016. aastal kasvasid märkimisväärselt kõigi panga toodete müügimahud. Inbanki
laenuportfell suurenes neljandas kvartalis 6,6%, ulatudes kvartali lõpuks 64,8
miljonini euroni. Aastaga on laenuportfell kasvanud 85,6% ehk 29,9 miljoni euro
võrra.
Inbanki hoiuseportfell kasvas kvartali lõpu seisuga 64,6 miljoni euroni.
Aastaga on Inbanki hoiuseportfell suurenenud 117% ehk 34,9 miljoni euro võrra,
mis tähendab, et pank suudab endiselt oma laenutegevuse kasvu finantseerida
jaehoiuste abil.
Neljandas kvartalis alustas Inbank koostööd rahvusvahelise hoiuseplatvormiga
Raisin, mille abil saavad nüüd Inbankis hoiuseid avada ka kliendid Austriast ja
Saksamaalt. Inbanki juhatuse esimehe Jan Andresoo sõnul võimaldab hoiuste
kaasamine Saksamaalt ja Austriast juhtida panga finantseerimist efektiivsemalt
ning vähendada sõltuvust Eesti hoiuseturust. “Raisin aitab teostada Inbanki
rahvusvaheliseks ettevõtteks kasvamise strateegiat ning lisab kindlust, et
partnerpõhine ärimudel toetab panga kiiret kasvu,” ütles Andresoo.
Neljandas kvartalis jätkas Inbank ettevalmistusi, alustamaks tegevust Poola
turul. Aasta lõpus edastati Poola finantsjärelvalvele panga filiaali avamise
taotlus, mille tulemusel sai Inbank 12. jaanuaril 2017. aastal tegevusloa Poola
turul. Inbank on seadnud eesmärgiks alustada äritegevust Poolas 2017. aasta
esimeses kvartalis.
Olulised finantsnäitajad seisuga 31. detsember 2016
-- Bilansimaht 84,8 miljonit eurot
-- Laenuportfelli suurus 64,8 miljonit eurot
-- Hoiuste maht 64,6 miljonit eurot
-- Puhaskasum 2,65 miljonit eurot
-- Omakapital 11,8 miljonit eurot
-- Omakapitali puhastootlikkus 26,6%
Konsolideeritud koondkasumiaruanne
EURt
IV kv 31.12.2016 IV kv 2015 31.12.2015
2016
(audit (auditeerimat (auditeerimat (korrigeeritu
eerima a) a) d)
ta)
--------------------------------------------------------------------------------
Jätkuvad tegevused
Intressitulu 2 886 9 788 1 389 4 082
Intressikulu -473 -1 404 -244 -705
--------------------------------------------------------------------------------
Neto intressitulu 2 413 8 384 1 145 3 377
--------------------------------------------------------------------------------
Teenustasutulu 180 599 -2 273
Teenustasukulu -85 -334 -77 -246
--------------------------------------------------------------------------------
Neto teenustasutulu 95 265 -79 27
--------------------------------------------------------------------------------
Muud põhitegevusega seotud 127 571 159 644
tulud
--------------------------------------------------------------------------------
Tulud kokku 2 635 9 220 1 225 4 048
--------------------------------------------------------------------------------
Personalikulud -682 -2 461 -475 -1 505
Turunduskulud -174 -566 -18 -222
Halduskulud -383 -1 014 -143 -675
Põhivara kulum -39 -174 -53 -157
--------------------------------------------------- --------------
Tegevuskulud kokku -1 278 -4 215 -689 -2 559
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Ärikasum 1 357 5 005 536 1 489
--------------------------------------------------------------------------------
Kasum sidusettevõtetelt 261 773 351 365
--------------------------------------------------------------------------------
Kasum enne laenukahjumeid 1 618 5 778 887 1 854
--------------------------------------------------------------------------------
Laenude allahindluse kulu -716 -3 219 -419 -976
--------------------------------------------------------------------------------
Aruandeperioodi kasum enne 902 2559 468 878
tulumaksu
--------------------------------------------------------------------------------
Edasikantud tulumaksutulu 34 57 71 71
Aruandeperioodi puhaskasum 936 2 616 539 949
--------------------------------------------------------------------------------
Realiseerumata kursivahed 2 2 0 0
Aruandeperioodi koondkasum 938 2 618 539 949
--------------------------------------------------------------------------------
Emaettevõtte osa kasumist 937 2 649 561 987
Vähemusosaluse osa kasumist 1 -31 -22 -38
--------------------------------------------------------------------------------
Aruandeperioodi koondkasum 938 2 618 539 949
--------------------------------------------------------------------------------
Konsolideeritud finantsseisundi aruanne
EURt
31.12.2016 31.12.2015
(auditeerimata) (korrigeeritud)
--------------------------------------------------------------------------------
Varad
Sularaha 4 3
Nõuded keskpangale, sh kohustuslik reserv 14 680 499
Nõuded krediidiasutustele 1 956 4 882
Laenud ja nõuded 64 839 34 931
Investeeringud sidusettevõtetesse 1 868
Materiaalsed varad 183 95
Immateriaalsed varad 902 760
Muud varad 528 286
Müügiks hoitavad sidusettevõtted 1 672 0
--------------------------------------------------------------------------------
Varad kokku 84 765 42 324
--------------------------------------------------------------------------------
Kohustised
Saadud laenud 0 110
Hoiused 64 587 29 711
Võlaväärtpaberid 0 3 114
Muud kohustised 1 899 1 381
Allutatud võlaväärtpaberid 6 475 0
--------------------------------------------------------------------------------
Kohustised kokku 72 961 34 316
--------------------------------------------------------------------------------
Omakapital
Aktsiakapital 689 569
Ülekurss 6 361 5 393
Jaotamata kasum/kahjum 681 -279
Reservid 1 387 1 360
Muud reservid 31 0
Aruandeperioodi koondkasum 2 649 987
--------------------------------------------------------------------------------
Emaettevõtte aktsionäridele kuuluv omakapital 11 798 8 030
kokku
--------------------------------------------------------------------------------
Mittekontrolliv osalus 6 -22
--------------------------------------------------------------------------------
Omakapital kokku 11 804 8 008
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Kohustised ja omakapital kokku 84 765 42 324
--------------------------------------------------------------------------------
Inbanki aruanded on kättesaadavad aadressil
https://www.inbank.ee/inside/investor/reports/.
2015. aastal pangana tegutsemist alustanud Inbank pakub teenuseid oma
internetipanga ja suure partnervõrgustiku kaudu. Inbank tegutseb Eesti ja Läti
tarbijafinantseerimise turul ning avab peagi filiaali ka Poolas. Lisaks
kaasatakse rahvusvahelisi hoiuseid Saksamaa ja Austria turult. Inbankil ja tema
sidusettevõtetel on Eestis ligi 160 tuhat aktiivset kliendilepingut.
Kristin Pihu
Turundus- ja kommunikatsioonispetsialist
Inbank AS
[email protected]
+372 5348 3426
Content of announcement in English
Title
Unaudited financial results of Inbank AS for Q4 of 2016
Message
The consolidated profit of Inbank in Q4 of 2016 was 937 thousand euros, a 376 thousand euro increase compared to the same period last year. The total profit for the bank in 2016 was 2.65 million euros, which is 1.66 million euros more than in the previous year. In 2016, the sales volumes of all of the bank’s products grew significantly. The loan portfolio of Inbank increased by 6.6% in Q4 and reached 64.8 million euros by the end of the quarter. Over the year, the loan portfolio has increased by 85.6%, i.e. 29.9 million euros. The deposit portfolio of Inbank increased to 64.6 million euros as by the end of the quarter. Over the year, the deposit portfolio of Inbank has increased by 117%, i.e. 34.9 million euros, showing that the bank is still able to finance the growth of its lending activities with retail deposits. In Q4, Inbank started cooperation with the Raisin international deposit platform, with whose help clients from Austria and Germany can also open deposits in Inbank from now on. According to Jan Andresoo, Chairman of the Management Board of Inbank, raising deposits from Germany and Austria allows more efficient management of financing the bank and reduces its dependence on the Estonian deposit market. “Raisin helps implement the Inbank strategy of growing into an international company and adds confidence that the partner-based business model supports fast growth of the bank,” Andresoo said. In Q4, Inbank continued preparations for starting its activities on the Polish market. At the end of the year, an application for opening a branch of the bank was sent to the Polish Financial Supervision Authority and on 12 January 2017 Inbank received an operating license for the Polish market. Inbank has established an objective to start business activities in Poland in Q1 of 2017. Inbank's Q4 interim report is currently available only in Estonian. The English version will be published in Inbank’s web page www.inbank.ee shortly. In case of any questions, contact Inbank's Marketing and Communication Specialist Kristin Pihu on e-mail [email protected]. Important financial indicators as at 31 December 2016 -- Balance sheet total 84.8 million euros -- Loan portfolio 64.8 million euros -- Deposits 64.6 million euros -- Net profit 2.65 million euros -- Equity 11.8 million euros -- Net return on equity 26.6% Consolidated statement of comprehensive income EURt Q4 of 31.12.2016 Q4 of 31.12.2015 2016 2015 (unaud (unaudited (unaudite (adjusted) ited) ) d) -------------------------------------------------------------------------------- Continuing operations Interest income 2,886 9,788 1,389 4,082 Interest expenses -473 -1,404 -244 -705 -------------------------------------------------------------------------------- Net interest income 2,413 8,384 1,145 3,377 -------------------------------------------------------------------------------- Fee and commission income 180 599 -2 273 Fee and commission expenses -85 -334 -77 -246 -------------------------------------------------------------------------------- Net fee and commission income 95 265 -79 27 -------------------------------------------------------------------------------- Other income related to operations 127 571 159 644 -------------------------------------------------------------------------------- Total income 2,635 9,220 1,225 4,048 -------------------------------------------------------------------------------- Personnel costs -682 -2,461 -475 -1,505 Marketing expenses -174 -566 -18 -222 Administrative expenses -383 -1,014 -143 -675 Depreciation, amortisation and -39 -174 -53 -157 impairment ---------------------------------------------------------- ----------- Total operating expenses -1,278 -4,215 -689 -2,559 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Operating profit 1,357 5,005 536 1,489 -------------------------------------------------------------------------------- Profit from affiliates 261 773 351 365 -------------------------------------------------------------------------------- Profit before loan losses 1,618 5,778 887 1,854 -------------------------------------------------------------------------------- Loan losses -716 -3,219 -419 -976 -------------------------------------------------------------------------------- Profit before income tax 902 2559 468 878 -------------------------------------------------------------------------------- Deferred tax income 34 57 71 71 Net profit for the period 936 2,616 539 949 -------------------------------------------------------------------------------- Unrealised translation differences 2 2 0 0 Total comprehensive income for the 938 2,618 539 949 period -------------------------------------------------------------------------------- Profit attributable to the parent 937 2,649 561 987 company Profit attributable to 1 -31 -22 -38 non-controlling interest -------------------------------------------------------------------------------- Total comprehensive income for the 938 2,618 539 949 period -------------------------------------------------------------------------------- Consolidated financial position EURt 31.12.2016 31.12.2015 (unaudited) (adjusted) ---------------------------------------------------------------------------- Assets Cash in hand 4 3 Due from the central bank, legal reserve 14,680 499 Due from credit institutions 1,956 4,882 Loans and receivables 64,839 34,931 Investments in affiliates 1 868 Tangible assets 183 95 Intangible assets 902 760 Other assets 528 286 Affiliates held for sale 1,672 0 ---------------------------------------------------------------------------- Total assets 84,765 42,324 ---------------------------------------------------------------------------- Liabilities Loans raised 0 110 Deposits 64,587 29,711 Debt securities 0 3,114 Other liabilities 1,899 1,381 Subordinated debt securities 6,475 0 ---------------------------------------------------------------------------- Total liabilities 72,961 34,316 ---------------------------------------------------------------------------- Equity Share capital 689 569 Share premium 6,361 5,393 Retained profit/loss 681 -279 Reserves 1,387 1,360 Other reserves 31 0 Consolidated profit for reporting period 2,649 987 ---------------------------------------------------------------------------- Total equity held by shareholders of parent company 11,798 8,030 ---------------------------------------------------------------------------- Non-controlling interest 6 -22 ---------------------------------------------------------------------------- Total equity 11,804 8,008 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Total liabilities and equity 84,765 42,324 ---------------------------------------------------------------------------- The reports of Inbank are accessible online at https://www.inbank.ee/inside/investor/reports/. Having started its operations as a bank in 2015, Inbank offers services via its Internet bank and its large partner network. Inbank operates on the Estonian and Latvian consumer financing market and will also soon open a branch in Poland. In addition, international deposits are raised from the German and Austrian market. Inbank and its affiliates have about 160 thousand active customer contracts in Estonia. Kristin Pihu Marketing and Communication Specialist Inbank AS [email protected] +372 5348 3426