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
Annual financial report
Unique data record identifier
7161
Attachments
Submission date and time
08.03.2019 19:14:28
Content of announcement in Estonian
Title
Inbank AS-i auditeeritud 2018. aasta majandustulemused
Message
Teatele on lisatud Inbanki 2018. aasta aruanne inglise keeles. --- Inbank teenis 2018. aastal ajaloo suurima, 9,3 miljoni euro suuruse kasumi ning kasvatas laenu- ja hoiuseportfelle ligi 1,5 korda. Müüginumbrid suurenesid kõigil neljal koduturul ning seejuures paranesid nii ettevõtte efektiivsus kui ka krediidikvaliteet. Inbanki konsolideeritud kasum 2018. aastal kasvas eelmise aastaga võrreldes 25,3% 9,3 miljoni euroni. Eesti üksuse kasumiks kujunes 8,2 miljonit, Lätis 1,4 miljonit ning Leedus oli seitsme kuu kasum 1,3 miljonit eurot. Poolas oli 2018. aasta kahjum 1,9 miljonit eurot. Inbanki bilansimaht kasvas aastaga 126 miljonilt eurolt 318 miljoni euroni. Inbanki hoiuseportfell suurenes aasta jooksul 153% ja ulatus aasta lõpuks 240,2 miljoni euroni. Laenuportfell kasvas 143%, jõudes 225,6 miljoni euroni. Eestis, Lätis, Leedus ja Poolas müüs Inbank krediiditooteid kokku 204 miljoni euro eest, mis oli 60% enam kui 2017. aastal. Inbanki juhatuse esimees Jan Andresoo märkis, et eelmine aasta möödus ärimahtude kasvu ja organisatsiooni arendamise tähe all ning Inbank suutis varasemalt seatud eesmärke täita kõikidel turgudel. "Meie bilansimaht, laenu- ja hoiuseportfell ning inimeste arv mitmekordistusid, samas krediidikulu langes ja kulusuhe paranes," lausus Andresoo. "Eestis kasvatasime krediidiportfelli turuosa kolme protsendipunkti võrra 16 protsendini ning oleme tõusnud pankade seas siinsel turul suuruselt teiseks tarbimislaenude pakkujaks," ütles Andresoo. Märkimisväärse osa Inbanki kasvust andis Leedu tarbijafinantseerimise ettevõtte UAB Mokilizingase täisosaluse ost. "Leedus kasvas krediiditoodete müük eelnenud aastaga võrreldes 1,9 korda 103,5 miljoni euroni ja krediidiportfell üle 1,8 korra 89,3 miljoni euroni, mis tähendab et suutsime ostutehingu järel kasvu edukalt jätkata," märkis Andresoo. Lätis kasvas Inbanki laenuportfelli maht 1,4 korda ligi 20 miljoni euroni ning uus müük ligi kaks korda 16,4 miljoni euroni. Poolas kasvatas Inbank tunamulluse aastaga võrreldes müüginumbreid üle kahe korra 12,2 miljoni euroni. ?Teisel poolaastal möödus Poola filiaal müügimahtudelt meie Läti ettevõttest ja detsembris kasvas kuine müük Poolas juba enam kui 2,3 miljoni euroni," ütles Andresoo. Tänavu ootab Inbank suurimat kasvu Leedu ja Poola turgudelt. Leedus plaanib Inbank avada pangafiliaali ja tuua turule pangatooted. Poolas on prioriteet ärimahtude kasvatamisel ja jooksvasse kasumisse jõudmisel. "Kõigil turgudel on fookuses uute atraktiivsete finantseerimislahenduste väljatöötamine ja partnerite toetamine erinevates müügikanalites," sõnas Andresoo. 2018. aastal müüs Inbank 10% suuruse osaluse Coop Pank AS-ist ja 25,9% suuruse osaluse Veriff OÜ-st. Nende tehingute tulemusel teenis Inbank erakorralise kasumi summas 3,2 miljonit eurot. Olulised finantsnäitajad seisuga 31. detsember 2018 * Bilansimaht 318 miljonit eurot * Laenuportfelli suurus 225,6 miljonit eurot * Hoiuste maht 240,2 miljonit eurot * Kasum 9,3 miljonit eurot * Omakapital 36,4 miljonit eurot Konsolideeritud kasumiaruanne ja muu koondkasumiaruanne EURt 2018 2017 ------------------------------------------------------------------------------- Intressitulu 23 633 13 023 Intressikulu -3 760 -2 009 ------------------------------------------------------------------------------- Neto intressitulu 19 873 11 014 ------------------------------------------------------------------------------- Teenustasutulu 703 551 Teenustasukulu -1 091 -607 ------------------------------------------------------------------------------- Neto teenustasutulu -388 -56 ------------------------------------------------------------------------------- Netotulem õiglases väärtuses kajastatavatelt finantsvaradelt 1 204 0 Muud põhitegevusega seotud tulud 666 705 ------------------------------------------------------------------------------- Neto intressi- ja teenustasutulu ja muud tulud kokku 21 355 11 663 ------------------------------------------------------------------------------- Personalikulud -5 795 -3 997 Turunduskulud -1 592 -929 Halduskulud -2 814 -1 602 Põhivara kulum -445 -215 ------------------------------------------------------------------------------- Tegevuskulud kokku -10 646 -6 743 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Kasum enne sidusettevõtete kasumit ja laenude allahindluse kulu 10 709 4 920 ------------------------------------------------------------------------------- Kasum sidusettevõtetelt 1 986 6 203 Laenude allahindluse kulu -2 686 -3 532 ------------------------------------------------------------------------------- Aruandeperioodi kasum enne tulumaksu 10 009 7 591 ------------------------------------------------------------------------------- Tulumaks -733 -92 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 9 276 7 499 ------------------------------------------------------------------------------- Muu koondkasum/-kahjum Kirjed, mida võib edaspidi klassifitseerida kasumiaruandesse Realiseerumata kursivahed 73 -38 ------------------------------------------------------------------------------- Aruandeperioodi koondkasum 9 349 7 461 ------------------------------------------------------------------------------- Puhaskasum omistatud Emaettevõtte aktsionäride osa kasumist 9 262 7 496 Mittekontrolliv osalus 14 3 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 9 276 7 499 ------------------------------------------------------------------------------- Kokku koondkasum omistatud Emaettevõtte aktsionäride osa kasumist 9 335 7 458 Mittekontrolliv osalus 14 3 ------------------------------------------------------------------------------- Aruandeperioodi koondkasum 9 349 7 461 ------------------------------------------------------------------------------- Konsolideeritud finantsseisundi aruanne EURt 31.12.2018 31.12.2017 ------------------------------------------------------------------------------- Varad Sularaha 4 4 Nõuded keskpankadele 64 620 14 767 Nõuded krediidiasutustele 13 700 8 530 Finantsvarad õiglases väärtuses muutustega läbi kasumiaruande 4 600 0 Laenud ja nõuded 225 639 92 895 Investeeringud sidusettevõtetesse 97 7 806 Materiaalsed varad 545 279 Immateriaalsed varad 7 697 816 Muud finantsvarad 64 61 Muud varad 514 459 Edasilükkunud tulumaksu vara 564 364 ------------------------------------------------------------------------------- Varad kokku 318 044 125 981 ------------------------------------------------------------------------------- Kohustised Laen krediidiasutuselt 10 429 0 Klientide hoiused 240 175 95 056 Muud finantskohustised 8 776 1 263 Muud kohustised 2 654 1 136 Emiteeritud võlaväärtpaberid 10 017 0 Allutatud võlaväärtpaberid 9 528 6 480 ------------------------------------------------------------------------------- Kohustised kokku 281 579 103 935 ------------------------------------------------------------------------------- Omakapital Aktsiakapital 874 782 Ülekurss 15 053 9 068 Kohustuslik reservkapital 79 79 Muud reservid 1 401 1 352 Jaotamata kasum 19 018 10 739 ------------------------------------------------------------------------------- Emaettevõtte aktsionäridele kuuluv omakapital kokku 36 425 22 020 ------------------------------------------------------------------------------- Mittekontrolliv osalus 40 26 ------------------------------------------------------------------------------- Omakapital kokku 36 465 22 046 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 318 044 125 981 ------------------------------------------------------------------------------- 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 +372 508 4184 [email protected] Manus * Inbank AS Annual Report 2018 (https://ml- eu.globenewswire.com/Resource/Download/7d7d9637-f17d-4b7e-9191-abc39e957cdd)
Content of announcement in English
Title
Audited financial results of Inbank AS for 2018
Message
Inbank's annual report for 2018 in English is attached to the following announcement. --- In 2018, Inbank earned its largest profit, 9.3 million euros, and increased its loan and deposit portfolios by almost 1.5 times. Sales volumes increased in all four home markets and the efficiency of the company and credit quality of the bank improved as well. In 2018, Inbank's consolidated profit increased to 9.3 million euros which was 25.3% more than a year before. The profit of the Estonian unit was 8.2 million, in Latvia 1.4 million, and the profit earned in seven months in Lithuania was 1.3 million euros. In 2018, the loss in Poland was 1.9 million euros. Inbank's balance sheet size increased from 126 million euros to 318 million euros in a year. Inbank's deposit portfolio increased by 153% in a year and reached 240.2 million euros by the end of the year. The loan portfolio increased by 143%, reaching 225.6 million euros. In Estonia, Latvia, Lithuania and Poland, Inbank sold credit products for 204 million euros, which was 60% more than in 2017. According to Jan Andresoo, Chairman of the Management Board of Inbank, the last year was best described by increasing business volumes and organizational development. In addition, Inbank was able to fulfil all set objectives in all markets. "Our balance sheet, loan and deposit portfolios, and number of people increased by several times, and at the same time, the credit cost decreased and the cost- income ratio improved," said Andresoo. "In Estonia, we grew our credit portfolio's market share by three percent to 16 percent among banks and rose to the second place by total consumer loans portfolio," said Andresoo. A significant part of Inbank's growth was due to an acquisition of UAB Mokilizingas, a Lithuanian consumer financing company. "In Lithuania, compared to last year, the sales of credit products increased by 1.9 times to 103.5 million euros, and the credit portfolio increased by over 1.8 times to 89.3 million euros. This means that we were able to keep growing after the transaction," Andresoo said. In Latvia, the volume of Inbank's loan portfolios increased by 1.4 times to almost 20 million euros, and new sales grew by almost two times to 16.4 million euros. In Poland, Inbank grew its sales volumes by over two times to 12.2 million euros, compared to last year. "In the second half of the year, our Polish branch exceeded our Latvian company in terms of sales volume, and in December, the monthly sales in Poland rose already to more than 2.3 million euros," said Andresoo. This year, Inbank expects further growth in Lithuanian and Polish markets. Inbank plans to open a bank branch in Lithuania and launch banking products in the market. In Poland, the priority is given to increasing business volumes and achieving break-even. "In all markets, we are focusing on developing new attractive financing solutions and supporting our partners via various sales channels," said Andresoo. In 2018, Inbank sold 10% of shares of Coop Pank AS and 25.9% of shares of Veriff OÜ. By these transactions, Inbank gained extraordinary profit in the amount of 3.2 million euros. Key financial figures as of 31 December 2018 * Balance sheet total 318 million euros * Total loan portfolio 225.6 million euros * Total deposits 240.2 million euros * Profit 9.3 million euros * Equity 36.4 million euros Consolidated statement of profit and loss and other comprehensive income EURt 2018 2017 ------------------------------------------------------------------------------- Interest income 23 633 13 023 Interest expense -3 760 -2 009 ------------------------------------------------------------------------------- Net interest income 19 873 11 014 ------------------------------------------------------------------------------- Fee income 703 551 Fee expense -1 091 -607 ------------------------------------------------------------------------------- Net fee and commission income -388 -56 ------------------------------------------------------------------------------- Net gains from financial assets measured at fair value 1 204 0 Other operating income 666 705 ------------------------------------------------------------------------------- Total net interest, fee and other income 21 355 11 663 ------------------------------------------------------------------------------- Personnel expenses -5 795 -3 997 Marketing expenses -1 592 -929 Administrative expenses -2 814 -1 602 Depreciations, amortisation -445 -215 ------------------------------------------------------------------------------- Total operating expenses -10 646 -6 743 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Profit before profit from associates and impairment losses on loans 10 709 4 920 ------------------------------------------------------------------------------- Share of profit from associates 1 986 6 203 Impairment losses on loans and advances -2 686 -3 532 ------------------------------------------------------------------------------- Profit before income tax 10 009 7 591 ------------------------------------------------------------------------------- Income tax -733 -92 ------------------------------------------------------------------------------- Profit for the period 9 276 7 499 ------------------------------------------------------------------------------- Other comprehensive income/loss Items that may be reclassified subsequently to profit or loss Currency translation differences 73 -38 ------------------------------------------------------------------------------- Total comprehensive income for the period 9 349 7 461 ------------------------------------------------------------------------------- Net profit attributable to Shareholders of parent company 9 262 7 496 Non-controlling interest 14 3 ------------------------------------------------------------------------------- Profit for the reporting period 9 276 7 499 ------------------------------------------------------------------------------- Total comprehensive income/loss is attributable to Shareholders of parent company 9 335 7 458 Non-controlling interest 14 3 ------------------------------------------------------------------------------- Total comprehensive income for the reporting period 9 349 7 461 ------------------------------------------------------------------------------- Consolidated statement of financial position EURt 31.12.2018 31.12.2017 ------------------------------------------------------------------------------- Assets Cash in hand 4 4 Due from central banks 64 620 14 767 Due from credit institutions 13 700 8 530 Financial assets at fair value through profit and loss 4 600 0 Loans and advances 225 639 92 895 Investments in associates 97 7 806 Tangible assets 545 279 Intangible assets 7 697 816 Other financial assets 64 61 Other assets 514 459 Deferred tax asset 564 364 ------------------------------------------------------------------------------- Total assets 318 044 125 981 ------------------------------------------------------------------------------- Liabilities Loan from credit institution 10 429 0 Customer deposits 240 175 95 056 Other financial liabilities 8 776 1 263 Other liabilities 2 654 1 136 Debt securities issued 10 017 0 Subordinated debt securities 9 528 6 480 ------------------------------------------------------------------------------- Total liabilities 281 579 103 935 ------------------------------------------------------------------------------- Equity Share capital 874 782 Share premium 15 053 9 068 Statutory reserve capital 79 79 Other reserves 1 401 1 352 Retained earnings 19 018 10 739 ------------------------------------------------------------------------------- Total equity attributable to the shareholders of parent company 36 425 22 020 ------------------------------------------------------------------------------- Non-controlling interest 40 26 ------------------------------------------------------------------------------- Total equity 36 465 22 046 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total liabilities and equity 318 044 125 981 ------------------------------------------------------------------------------- Inbank started its banking activities in 2015 and provides its services through its internet bank and partner network. Inbank is active in Estonian, Latvian, Lithuanian and Polish consumer financing markets. In addition, international deposits are gathered from German and Austrian markets. Additional information Jan Andresoo Inbank AS Chairman of the Management Board +372 508 4184 [email protected] Attachment * Inbank AS Annual Report 2018 (https://ml- eu.globenewswire.com/Resource/Download/d9216bbd-7237-493b-a3a2-08981d7e09d2)