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
Half-yearly financial report
Unique data record identifier
6809
Attachments
Submission date and time
06.08.2018 10:54:34
Content of announcement in Estonian
Title
Inbank AS-i 2018. aasta teise kvartali majandustulemused
Message
Inbanki 2018. aasta esimese poolaasta konsolideeritud kasum oli 4,8 miljonit eurot. Hoiuseportfell kasvas aastases võrdluses 114 protsenti, laenuportfell 130 protsenti ja bilansimaht 131 protsenti. Inbanki jaoks oli esimese poolaasta olulisimaks sündmuseks Leedu järelmaksuettevõtte UAB Mokilizingas ostmine. Tehingu hinnaks oli 15 miljonit eurot ning Inbank omandas 100 protsenti ettevõtte aktsiatest. Inbanki juhatuse esimehe Jan Andresoo sõnul oli tehing Inbanki rahvusvahelise kasvu strateegiat arvestades loogiline samm. "Mokilizingase ostmine võimaldas meil siseneda Leedu järelmaksuturule ning astuda toimivasse koostöösse rohkem kui 2000 partnerettevõttega. Sellise võrgustiku ülesehitamine oleks nullist alustades olnud väga ressursimahukas kui mitte võimatu," ütles Andresoo. Mokilizingase soetamise tulemusel suurenes Inbanki krediidiportfelli maht 67,4 miljoni euro võrra, jõudes poolaasta lõpuks 178,1 miljoni euroni. Nii Inbank kui ka Mokilizingas kasvatasid aastases võrdluses tugevalt oma müüginumbreid. Ärimahtude võrreldavaks kasvuks kujunes 61,4 protsenti. "Käesoleva aasta esimeses kvartalis müüsime krediiditooteid kokku 18,9 miljoni euro väärtuses, kuid ainuüksi juunikuus ulatus krediiditoodete müügimaht juba 17,5 miljoni euroni. Juunis oli meie müük Leedus isegi suurem kui Eesti turul," sõnas Andresoo. Teise kvartali müügimahuks kujunes 49 miljonit eurot. Aasta teises kvartalis tõi Inbank turule kaks uut toodet. Koostöös portaaliga auto24.ee hakkas Inbank pakkuma auto24 liisingu nimelist toodet 15 000-25 000 eurot maksvate sõidukite soetamiseks. ?Võrreldes traditsioonilise liisingutootega on sõiduki soetamise protsess lihtsam: kaskokindlustus ja sissemakse pole kohustuslikud ning auto kuulub sõiduki soetamise hetkest alates omanikule," ütles Andresoo. Lisaks alustas Inbank remondilaenu pakkumist, mis võimaldab finantseerida renoveerimis- ja sisustuskulusid kuni 10 000 euro ulatuses. Inbanki Läti ettevõte näitas stabiilset kasvu müüginumbrites, teenides esimese poolaastaga 409 tuhat eurot kasumit. Poolas jätkus töö äri kasvatamiseks uute partnerite abil. Teises kvartalis toimus iga-aastane riskihindamise protsess (ICAAP). Finantsinspektsioon langetas eelmise aastaga võrreldes Inbanki riskitaset, mistõttu kehtib pangale senisest madalam kohustuslik omakapitali määr. Olulised finantsnäitajad seisuga 30. juuni 2018 * Bilansimaht 238,2 miljonit eurot * Laenuportfelli suurus 178,1 miljonit eurot * Hoiuste maht 159,3 miljonit eurot * Koondkasum 4,8 miljonit eurot * Omakapital 31,9 miljonit eurot Lühendatud konsolideeritud kasumiaruanne ja muu koondkasumiaruanne EURt II kv 2018 6 kuud 2018 II kv 2017 6 kuud 2017 ------------------------------------------------------------------------------- Intressitulu 4 909 8 706 3 061 5 996 Intressikulu -827 -1 398 -492 -976 ------------------------------------------------------------------------------- Neto intressitulu 4 082 7 308 2 569 5 020 ------------------------------------------------------------------------------- Teenustasutulu 174 335 129 254 Teenustasukulu -196 -350 -144 -284 ------------------------------------------------------------------------------- Neto teenustasutulu -22 -15 -15 -30 ------------------------------------------------------------------------------- Netotulem õiglases väärtuses kajastatavatelt finantsvaradelt 0 1 204 0 0 Muud põhitegevusega seotud tulud 91 175 179 395 ------------------------------------------------------------------------------- Neto intressi- ja teenustasutulu ja muud tulud kokku 4 151 8 672 2 733 5 385 ------------------------------------------------------------------------------- Personalikulud -1 314 -2 525 -994 -1 879 Turunduskulud -345 -471 -380 -488 Halduskulud -566 -1 032 -354 -708 Põhivara kulum -93 -160 -55 -104 ------------------------------------------------------------------------------- Tegevuskulud kokku -2 318 -4 188 -1 783 -3 179 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Kasum enne laenude allahindluse kulu 1 833 4 484 950 2 206 ------------------------------------------------------------------------------- Kasum sidusettevõtetelt 0 1 986 4 797 5 065 Laenude allahindluse kulu -987 -1 839 -805 -1 731 ------------------------------------------------------------------------------- Aruandeperioodi kasum enne tulumaksu 846 4 631 4 942 5 540 ------------------------------------------------------------------------------- Tulumaks -55 48 93 151 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 791 4 679 5 035 5 691 ------------------------------------------------------------------------------- Muu koondkasum/-kahjum Kirjed, mida võib edaspidi klassifitseerida kasumiaruandesse Realiseerumata kursivahed 90 110 3 -13 ------------------------------------------------------------------------------- Aruandeperioodi koondkasum 881 4 789 5 038 5 678 ------------------------------------------------------------------------------- Puhaskasum omistatud Emaettevõtte aktsionäride osa kasumist 788 4 673 5 050 5 718 Mittekontrolliv osalus 3 6 -16 -28 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 791 4 679 5 034 5 690 ------------------------------------------------------------------------------- Kokku koondkasum omistatud Emaettevõtte aktsionäride osa kasumist 878 4 783 5 054 5 706 Mittekontrolliv osalus 3 6 -16 -28 ------------------------------------------------------------------------------- Aruandeperioodi koondkasum 881 4 789 5 038 5 678 ------------------------------------------------------------------------------- Lühendatud konsolideeritud finantsseisundi aruanne EURt 30.06.2018 31.12.2017 ------------------------------------------------------------------------------- Varad Sularaha 4 4 Nõuded keskpankadele, sh kohustuslik reservkapital 36 135 14 767 Nõuded krediidiasutustele 9 709 8 530 Finantsvarad õiglases väärtuses muutustega läbi kasumiaruande 4 600 0 Laenud ja nõuded klientidele 178 100 92 895 Investeeringud sidusettevõtetesse 97 7 806 Materiaalsed varad 537 279 Immateriaalsed varad 6 938 816 Muud finantsvarad 44 61 Muud varad 1 521 459 Edasilükkunud tulumaksu vara 555 364 ------------------------------------------------------------------------------- Varad kokku 238 240 125 981 ------------------------------------------------------------------------------- Kohustised Laen krediidiasutuselt 22 942 0 Klientide hoiused 159 264 95 056 Muud finantskohustised 6 096 1 263 Muud kohustised 1 539 1 136 Emiteeritud võlaväärtpaberid 10 018 0 Allutatud võlaväärtpaberid 6 485 6 480 ------------------------------------------------------------------------------- Kohustised kokku 206 344 103 935 ------------------------------------------------------------------------------- Omakapital Aktsiakapital 874 782 Ülekurss 15 053 9 068 Kohustuslik reservkapital 79 79 Muud reservid 1 472 1 352 Jaotamata kasum 14 386 10 739 ------------------------------------------------------------------------------- Emaettevõtte aktsionäridele kuuluv omakapital kokku 31 864 22 020 ------------------------------------------------------------------------------- Mittekontrolliv osalus 32 26 ------------------------------------------------------------------------------- Omakapital kokku 31 896 22 046 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 238 240 125 981 ------------------------------------------------------------------------------- 2015. aastal pangana tegutsemist alustanud Inbank pakub teenuseid oma internetipanga ja partnervõrgustiku kaudu. Inbank tegutseb Eesti, Läti, Leedu ja Poola tarbijafinantseerimise turul. Lisaks kaasatakse rahvusvahelisi hoiuseid Saksamaa ja Austria turult. Lisainfo: Jan Andresoo Inbank AS juhatuse esimees +372 50 84 184 [email protected] (mailto:[email protected]) Manus * Inbanki vahearuanne 2Q2018 (https://prlibrary- eu.nasdaq.com/Resource/Download/1ab5a593-7f98-422c-b422-74945b114d93)
Content of announcement in English
Title
Financial results of Inbank AS for Q2 2018
Message
Inbank's consolidated profit for the first half-year of 2018 was 4.8 million euros. The deposits portfolio grew 114 per cent year-on-year, the loan portfolio by 130 per cent and the balance sheet volume by 131 per cent. For Inbank, the most important event in the first half-year was the acquisition of UAB Mokilizingas, the Lithuanian hire purchase company. The price of the transaction was 15 million euros. Inbank acquired 100 per cent of the company's shares. Jan Andresoo, the Chairman of Inbank's Management Board, said the transaction was a logical step considering Inbank's international growth strategy. "The acquisition of Mokilizingas enabled us to start operating on the Lithuanian hire-purchase market and to enter into a fruitful cooperation with more than 2,000 partner companies. Building this kind of a network from the ground up would have been very resource-intensive if not impossible," Andresoo said. As a result of the acquisition of Mokilizingas, Inbank's credit portfolio increased by 67.4 million euros, reaching 178.1 million euros by the end of the first half of the year. Both Inbank and Mokilizingas strongly increased their sales figures in annual comparison. The comparative growth of business volumes was 61.4 per cent year- over-year. "In Q1 of 2018, we sold 18.9 million euros worth of credit products, but in June alone, sales totalled 17.5 million euros. Our June sales in Lithuania even surpassed our Estonian sales," Andresoo said. Sales volume in the second quarter was 49 million euros. In the second quarter, Inbank introduced two new products. In cooperation with the website auto24.ee, Inbank started offering a product called auto24 liising to finance purchases of vehicles between 15,000 and 25,000 euros. "Compared to traditional leasing products, the process of buying a vehicle is simpler: comprehensive insurance and down payment are not obligatory and the car becomes the property of the purchaser upon acquisition," said Andresoo. In addition, Inbank started offering renovation loan, which can be used to finance costs related to renovation and furnishing up to 10,000 euros in value. Inbank's Latvian company showed stable growth in sales figures, with its profit reaching 409 thousand euros in the first half-year. In Poland, efforts continued to grow the business through new partners. The annual risk assessment process (ICAAP) took place in Q2. The Financial Supervision Authority found that the general risk level has dropped since last year, and as a result the bank was assigned a lower compulsory equity level. Key financial indicators as at 30 June 2018 * Balance sheet volume 238.2 million euros * Loan portfolio 178.1 million euros * Volume of deposits 159.3 million euros * Total comprehensive income 4.8 million euros * Equity 31.9 million euros Condensed consolidated statement of profit and loss and other comprehensive income EURt Q2 2018 6 months 2018 Q2 2017 6 months 2017 Interest income 4 909 8 706 3 061 5 996 Interest expense -827 -1 398 -492 -976 ------------------------------------------------------------------------------- Net interest income 4 082 7 308 2 569 5 020 ------------------------------------------------------------------------------- Fee income 174 335 129 254 Fee expense -196 -350 -144 -284 ------------------------------------------------------------------------------- Net fee and commission income -22 -15 -15 -30 ------------------------------------------------------------------------------- Net gains from financial assets measured at fair value 0 1 204 0 0 Other operating income 91 175 179 395 ------------------------------------------------------------------------------- Total net interest, fee and other income 4 151 8 672 2 733 5 385 ------------------------------------------------------------------------------- Personnel expenses -1 314 -2 525 -994 -1 879 Marketing expenses -345 -471 -380 -488 Administrative expenses -566 -1 032 -354 -708 Depreciations, amortisation -93 -160 -55 -104 ------------------------------------------------------------------------------- Total operating expenses -2 318 -4 188 -1 783 -3 179 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Profit before impairment losses on loans 1 833 4 484 950 2 206 ------------------------------------------------------------------------------- Share of profit from associates 0 1 986 4 797 5 065 Impairment losses on loans and advances -987 -1 839 -805 -1 731 ------------------------------------------------------------------------------- Profit before income tax 846 4 631 4 942 5 540 ------------------------------------------------------------------------------- Income tax -55 48 93 151 ------------------------------------------------------------------------------- Profit for the period 791 4 679 5 035 5 691 ------------------------------------------------------------------------------- Other comprehensive income/loss Items that may be reclassified subsequently to profit or loss Unrealised foreign exchange gains/losses 90 110 3 -13 ------------------------------------------------------------------------------- Total comprehensive income for the period 881 4 789 5 038 5 678 ------------------------------------------------------------------------------- Profit is attributable to Owners of the parent 788 4 673 5 050 5 718 Non-controlling interest 3 6 -16 -28 ------------------------------------------------------------------------------- Profit for the reporting period 791 4 679 5 034 5 690 ------------------------------------------------------------------------------- Total comprehensive income/loss is attributable to Owners of the parent 878 4 783 5 054 5 706 Non-controlling interest 3 6 -16 -28 ------------------------------------------------------------------------------- Total comprehensive income for the reporting period 881 4 789 5 038 5 678 ------------------------------------------------------------------------------- Condensed consolidated statement of financial position EURt 30.06.2018 31.12.2017 ------------------------------------------------------------------------------- Assets Cash in hand 4 4 Due from central banks, including mandatory reserve 36 135 14 767 Due from credit institutions 9 709 8 530 Financial assets at fair value through profit and loss 4 600 0 Loans and advances to customers 178 100 92 895 Investments in associates 97 7 806 Tangible assets 537 279 Intangible assets 6 938 816 Other financial assets 44 61 Other assets 1 521 459 Deferred tax asset 555 364 ------------------------------------------------------------------------------- Total assets 238 240 125 981 ------------------------------------------------------------------------------- Loan from credit institution 22 942 0 Customer deposits 159 264 95 056 Other financial liabilities 6 096 1 263 Other liabilities 1 539 1 136 Debt securities issued 10 018 0 Subordinated debt securities 6 485 6 480 ------------------------------------------------------------------------------- Total liabilities 206 344 103 935 ------------------------------------------------------------------------------- Equity Share capital 874 782 Share premium 15 053 9 068 Statutory reserve capital 79 79 Other reserves 1 472 1 352 Retained earnings 14 386 10 739 ------------------------------------------------------------------------------- Total equity attributable to the shareholders of parent company 31 864 22 020 ------------------------------------------------------------------------------- Non-controlling interest 32 26 ------------------------------------------------------------------------------- Total equity 31 896 22 046 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total liabilities and equity 238 240 125 981 ------------------------------------------------------------------------------- Operating as a bank since 2015, Inbank provides service through its online banking platform and network of partners. Inbank operates on the Estonian, Latvian, Lithuanian and Polish consumer financing market. In addition, Inbank raises international deposits on the German and Austrian market. Additional information: Jan Andresoo Inbank AS Chairman of the Management Board +372 50 84 184 [email protected] (mailto:[email protected]) Attachment * Inbank interim report 2Q2018 (https://prlibrary- eu.nasdaq.com/Resource/Download/ace648f1-417d-4f1c-8b60-cc7595b90658)