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
6329
Attachments
Submission date and time
31.10.2017 09:00:00
Content of announcement in Estonian
Title
Inbank AS-i 2017. aasta kolmanda kvartali majandustulemused
Message
2017. aasta esimese üheksa kuuga teenis Inbank 7,28 miljonit eurot kasumit.
Kvartali koondkasumiks oli 1,60 miljonit eurot, mida on pea kolm korda rohkem
kui mullu.
Võrreldes eelmise aasta kolmanda kvartaliga on Inbanki laenuportfelli maht
kasvanud 42,1 protsenti ning hoiuseportfelli maht 22,9 protsenti.
Inbanki kolmanda kvartali müügimaht oli 20,2 miljonit, mis oli eelmise aasta
sama perioodiga võrreldes 32,5% rohkem. Eestis oli müügimahuks 15,6 miljonit
eurot, Lätis 2,4 miljonit eurot ja Poolas 2,3 miljonit eurot.
Kolmandas kvartalis müüs Inbank 30% osalusest ettevõttest Veriff. Veriff on
internetipõhist autentimisteenust pakkuv iduettevõte, mille üks asutajatest oli
Inbank. Pärast tehingut on Inbanki osalus ettevõttes 21,68%.
Kolmandas kvartalis viidi lõpuni mitmest etapist koosnenud tehing, mille käigus
müüs Inbank sidusettevõtted Coop Finants AS ja Krediidipank Finants AS. Müügist
teenitud vahendid reinvesteeriti uue nime all tegutsema asunud Coop Panka.
Sellest tulenevalt ei kajasta Inbanki aruanded enam endiste sidusettevõtete
Coop Finantsi ja Krediidipank Finantsi tulemusi.
Olulised finantsnäitajad seisuga 30. september 2017
-- Bilansimaht 108,9 miljonit eurot
-- Laenuportfelli suurus 86,4 miljonit eurot
-- Hoiuste maht 78,3 miljonit eurot
-- Koondkasum 7,28 miljonit eurot
-- Omakapital 21,8 miljonit eurot
-- Omakapitali puhastootlikkus 57,9%
Lühendatud konsolideeritud kasumiaruanne ja muu koondkasumiaruanne
EURt
III kv 9 kuud III kv 9 kuud
2017 2017 2016 2016
--------------------------------------------------------------------------------
Intressitulu 3 382 9 378 2 741 6 902
Intressikulu -496 -1 472 -372 -931
--------------------------------------------------------------------------------
Neto intressitulu 2 886 7 906 2 369 5 971
--------------------------------------------------------------------------------
Teenustasutulu 226 622 158 419
Teenustasukulu -155 -439 -96 -249
--------------------------------------------------------------------------------
Neto teenustasutulu 71 183 62 170
--------------------------------------------------------------------------------
Muud põhitegevusega seotud tulud 66 319 131 444
--------------------------------------------------------------------------------
Neto intressi- ja teenustasutulu ja muud 3 023 8 408 2 562 6 585
tulud kokku
--------------------------------------------------------------------------------
Personalikulud -1 029 -2 908 -699 -1 779
Turunduskulud -192 -680 -161 -392
Halduskulud -437 -1 145 -214 -631
Põhivara kulum -53 -157 -44 -135
--------------------------------------------------------------------------------
Tegevuskulud kokku -1 711 -4 890 -1 118 -2 937
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Kasum enne laenude allahindluse kulu 1 312 3 518 1 444 3 648
--------------------------------------------------------------------------------
Kasum sidusettevõtetelt 1 123 6 188 239 512
Laenude allahindluse kulu -924 -2 655 -1 101 -2 503
--------------------------------------------------------------------------------
Aruandeperioodi kasum enne tulumaksu 1 511 7 051 582 1 657
--------------------------------------------------------------------------------
Edasilükkunud tulumaks 70 221 6 23
Aruandeperioodi puhaskasum 1 581 7 272 588 1 680
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Kirjed, mida võib edaspidi
klassifitseerida kasumiaruandesse
Realiseerumata kursivahed 19 6 0 0
Aruandeperioodi koondkasum 1 600 7 278 588 1 680
--------------------------------------------------------------------------------
Puhaskasum omistatud
Emaettevõtte omanikud 1 553 7 271 599 1 712
Mittekontrolliv osalus 28 1 -11 -32
Aruandeperioodi puhaskasum 1 581 7 272 588 1 680
--------------------------------------------------------------------------------
Kokku koondkasum omistatud
Emaettevõtte omanikud 1 571 7 277 599 1 712
Mittekontrolliv osalus 29 1 -11 -32
----------------------------------------- -----------------------------
Aruandeperioodi koondkasum 1 600 7 278 588 1 680
--------------------------------------------------------------------------------
Lühendatud konsolideeritud finantsseisundi aruanne
EURt
30.09.2017 31.12.2016
---------------------------------------------------------------------------
Varad
Sularaha 4 4
Nõuded keskpangale, sh kohustuslik reservkapital 7 613 14 680
Nõuded krediidiasutustele 4 817 1 956
Laenud ja nõuded klientidele 86 411 64 839
Investeeringud sidusettevõtetesse 7 791 1
Materiaalsed varad 198 183
Immateriaalsed varad 799 902
Muud finantsvarad 45 43
Muud varad 237 214
Edasilükkunud tulumaksuvara 1 012 449
Müügiks hoitavad sidusettevõtted 0 1 672
---------------------------------------------------------------------------
Varad kokku 108 927 84 943
---------------------------------------------------------------------------
Kohustised
Klientide hoiused 78 290 64 587
Muud finantskohustised 1 266 1 034
Muud kohustised 1 034 722
Tulumaksu kohustis 0 321
Allutatud võlaväärtpaberid 6 480 6 475
---------------------------------------------------------------------------
Kohustised kokku 87 070 73 139
---------------------------------------------------------------------------
Omakapital
Aktsiakapital 782 689
Ülekurss 9 068 6 361
Kohustuslik reservkapital 57 57
Muud reservid 1 390 1 361
Jaotamata kasum 10 536 3 330
---------------------------------------------------------------------------
Emaettevõtte aktsionäridele kuuluv omakapital kokku 21 833 11 798
---------------------------------------------------------------------------
Mittekontrolliv osalus 24 6
---------------------------------------------------------------------------
Omakapital kokku 21 857 11 804
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Kohustised ja omakapital kokku 108 927 84 943
---------------------------------------------------------------------------
2015. aastal pangana tegutsemist alustanud Inbank pakub teenuseid oma
internetipanga ja partnervõrgustiku kaudu. Inbank tegutseb Eesti, Läti ja Poola
tarbijafinantseerimise turul. Lisaks kaasatakse rahvusvahelisi hoiuseid
Saksamaa ja Austria turult.
Kristin Pihu
Turundus- ja kommunikatsioonispetsialist
+327 5348 2436
[email protected]
Content of announcement in English
Title
Financial results of Inbank AS for Q3 2017
Message
Inbank earned a profit of 7.28 million euros in the first nine months of 2017.
The consolidated profit in Q3 was 1.60 million euros, which is almost three
times more than last year.
In comparison with Q3 2016, the volume of Inbank’s loan portfolio increased by
42.1 percent and the volume of the deposit portfolio by 22.9 percent.
Inbank’s sales in Q3 amounted to 20.2 million, which is 32.5% more YOY. Sales
amounted to 15.6 million in Estonia, 2.4 million in Latvia and 2.3 million in
Poland.
In Q3, Inbank sold 30% of its holding in Veriff. Veriff is a start-up that
offers online authentication services, which was co-founded by Inbank. The
holding of Inbank in the company after the transaction is 21.68 percent.
A transaction consisting of several stages, in the course of which Inbank sold
its associated companies Coop Finants AS and Krediidipank Finants AS, was
completed in Q3. The proceeds of the sale were invested in Coop Bank, which
started operating under a new name. This is why the results of former
associated companies Coop Finants and Krediidipank Finants are no longer
recognised in the reports of Inbank.
Important financial indicators as of 30 September 2017
-- Balance sheet total 108.9 million euros
-- Loan portfolio 86.4 million euros
-- Deposits 78.3 million euros
-- Consolidated profit 7.28 million euros
-- Equity 21.8 million euros
-- Net return on equity 57.9%
Condensed consolidated statement of profit and loss and other comprehensive
income
EURt
Q3 2017 9 months Q3 9 months
2017 2016 2016
--------------------------------------------------------------------------------
Continuing operations
Interest income 3 382 9 378 2 741 6 902
Interest expense -496 -1 472 -372 -931
--------------------------------------------------------------------------------
Net interest income 2 886 7 906 2 369 5 971
--------------------------------------------------------------------------------
Fee income 226 622 158 419
Fee expense -155 -439 -96 -249
--------------------------------------------------------------------------------
Net fee and commission income 71 183 62 170
--------------------------------------------------------------------------------
Other operating income 66 319 131 444
--------------------------------------------------------------------------------
Total net interest, fee and other income 3 023 8 408 2 562 6 585
--------------------------------------------------------------------------------
Staff costs -1 029 -2 908 -699 -1 779
Marketing expenses -192 -680 -161 -392
Administrative expenses -437 -1 145 -214 -631
Depreciations, amortisation -53 -157 -44 -135
--------------------------------------------------------------------------------
Total operating expenses -1 711 -4 890 -1 118 -2 937
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit before impairment losses on loans 1 312 3 518 1 444 3 648
--------------------------------------------------------------------------------
Share of profit from affiliates 1 123 6 188 239 512
Impairment losses on loans -924 -2 655 -1 101 -2 503
--------------------------------------------------------------------------------
Profit before income tax 1 511 7 051 582 1 657
--------------------------------------------------------------------------------
Deferred income tax 70 221 6 23
Net profit for the reporting period 1 581 7 272 588 1 680
--------------------------------------------------------------------------------
Other comprehensive income/loss
Items that may be reclassified
subsequently to profit or loss
Unrealised foreign exchange gains/losses 19 6 0 0
------------------------------------------
Total comprehensive income for the reporting 1 600 7 278 588 1 680
period
--------------------------------------------------------------------------------
Profit is attributable to
Owners of the parent 1 553 7 271 599 1 712
Non-controlling interest 28 1 -11 -32
Profit for the reporting period 1 581 7 272 588 1 680
--------------------------------------------------------------------------------
Total comprehensive income/loss is
attributable to
Owners of the parent 1 571 7 277 599 1 712
Non-controlling interest 29 1 -11 -32
------------------------------------------ ----------------------------
Total comprehensive income for the reporting 1 600 7 278 588 1 680
period
--------------------------------------------------------------------------------
Condensed consolidated statement of financial position
EURt
--------------------------------------------------------------------------------
30.09.2017 31.12.2016
--------------------------------------------------------------------------------
Assets
Cash in hand 4 4
Due from central banks, including mandatory reserve 7 613 14 680
Due from credit institutions 4 817 1 956
Loans to and receivables from customers 86 411 64 839
Investments in affiliates 7 791 1
Tangible assets 198 183
Intangible assets 799 902
Other financial assets 45 43
Other assets 237 214
Deferred tax assets 1 012 449
Assets held for sale 0 1 672
--------------------------------------------------------------------------------
Total assets 108 927 84 943
--------------------------------------------------------------------------------
Customer deposits 78 290 64 587
Other financial liabilities 1 266 1 034
Other liabilities 1 034 722
Income tax liability 0 321
Subordinated debt securities 6 480 6 475
--------------------------------------------------------------------------------
Total liabilities 87 070 73 139
--------------------------------------------------------------------------------
Equity
Share capital 782 689
Share premium 9 068 6 361
Statutory reserve capital 57 57
Other reserves 1 390 1 361
Retained earnings 10 536 3 330
--------------------------------------------------------------------------------
Total equity attributable to the shareholders of parent 21 833 11 798
company
--------------------------------------------------------------------------------
Non-controlling interest 24 6
--------------------------------------------------------------------------------
Total equity 21 857 11 804
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total liabilities and equity 108 927 84 943
--------------------------------------------------------------------------------
Inbank, which started operating as a bank in 2015, offers services via its
internet bank and a partner network. Inbank operates on the consumer financing
markets of Estonia, Latvia and Poland. Inbank also receives international
deposits from the German and Austrian markets.
Kristin Pihu
Inbank AS
Marketing and Communication Specialist
+327 5348 2436
[email protected]