Börsiteade

AS Inbank

LEI kood

2138005M92IEIQVEL297

Emitendi suuruskategooria

Suur kontsern

Majandustegevusalad

Finants- ja kindlustustegevus

Sektor(id)

Krediidiasutus

Emitendi registreeritud asukoht

Eesti

Üldandmed

Kategooriad

Majandusaasta aruanne

Teate ID

6531

Esitamise kuupäev ja aeg

06.03.2018 11:05:45

Teate sisu eesti keeles

Pealkiri

Inbank AS-i auditeeritud 2017. aasta majandustulemused

Teade

2017. aastal teenis Inbank 7,5 miljonit eurot kasumit, mis on võrreldes eelmise
aastaga ligi kolm korda enam. Inbanki varade maht kasvas aastaga 48,3%.

Möödunud aastal kasvatas Inbank hoiuseportfelli 47,2% võrra 95,1 miljoni euroni.
Finantseerimisportfell suurenes samal ajal 43,3%, jõudes 92,9 miljoni euroni.
Tarbijafinantseerimise turul on Inbank tõusnud Swedbanki järel suuruselt teiseks
pangaks.

Kokku müüs Inbank 2017. aastal krediiditooteid 72,8 miljoni euro eest, millest
Eestis 80,8%, Lätis 11,4% ja Poolas 7,8%.

Inbanki juhatuse esimehe Jan Andresoo sõnul on Inbanki kasvu vundamendiks selge
strateegia ja fokuseeritud tegevus. “Partneritele suunatud lähenemise ja
tehnoloogia arendamise abil oleme kasvanud Eestis eelistatumaks partneriks nii
järelmaksu kui ka autolaenu valdkonnas. Geograafiline laienemine ja oma
ärimudeli eksportimine tundub meie jaoks loogilisem valik kui laia tootevalikuga
suurpankadega konkureerimine Eestis,” ütles Andresoo.

Poolas alustas Inbank 2017. aasta neljandas kvartalis partneripõhise
finantseerimise pakkumist, tuues turule kindlustustoodete kuumakse, mis on
Poolas uus ja innovaatiline lahendus kindlustuse eest tasumiseks. “Näeme tootes
suurt potentsiaali ja praegu käivad läbirääkimised mitme uue suure
kindlustusseltsiga,” sõnas Andresoo. Lätis on Inbanki krediidiportfell tänu
uuele tegevusstrateegiale kasvule pööranud.

Andresoo sõnul saab Inbanki jõuline kasv edaspidi jätkuda rahvusvahelise äri
arvelt. “Hetkel moodustab Eesti äri Inbanki laenuportfellist ligi 80 protsenti.
Näeme Eestis kasvu jätkumist, kuid usume, et juba paari aasta pärast tuleb
vähemalt pool meie portfellist rahvusvahelistelt turgudelt,” ütles Andresoo.

2017. aastal mõjutasid Inbanki kasumit mitmed ühekordsed tehingud. Inbank müüs
senised sidusettevõtted Coop Finantsi ning Krediidipank Finantsi ja vähendas
osalust veebipõhise isikutuvastusega tegelevas ettevõttes Veriff. Lisaks mõjutas
Inbanki kasumit Lätis aset leidnud maksumuudatus, mille tõttu tuli bilansist
välja kirjutada tulumaksuvara summas 389 tuhat eurot. Nende sündmuste kogumõju
panga koondkasumile oli 4,8 miljonit eurot.


Olulised finantsnäitajad seisuga 31. detsember 2017:

  * Bilansimaht 126,0 miljonit eurot
  * Laenuportfelli suurus 92,9 miljonit eurot
  * Hoiuste maht 95,1 miljonit eurot
  * Aasta puhaskasum 7,5 miljonit eurot
  * Omakapital 22,0 miljonit eurot


Konsolideeritud kasumiaruanne ja muu koondkasumiaruanne

 EURt

                                                                2017   2016
---------------------------------------------------------------------------


 Intressitulu                                                 13 023  9 788

 Intressikulu                                                 -2 009 -1 404
---------------------------------------------------------------------------
 Neto intressitulu                                            11 014  8 384
---------------------------------------------------------------------------


 Teenustasutulu                                                  551    394

 Teenustasukulu                                                 -607   -334
---------------------------------------------------------------------------
 Neto teenustasutulu                                             -56     60
---------------------------------------------------------------------------


 Muud põhitegevusega seotud tulud                                705    776


---------------------------------------------------------------------------
 Neto intressi- ja teenustasutulu ja muud tulud kokku         11 663  9 220
---------------------------------------------------------------------------


 Personalikulud                                               -3 997 -2 461

 Turunduskulud                                                  -929   -566

 Halduskulud                                                  -1 602 -1 014

 Põhivara kulum                                                 -215   -174
---------------------------------------------------------------------------
 Tegevuskulud kokku                                           -6 743 -4 215
---------------------------------------------------------------------------

---------------------------------------------------------------------------
 Kasum enne laenude allahindluse kulu                          4 920  5 005
---------------------------------------------------------------------------


 Kasum sidusettevõtetelt                                       6 203    773

 Laenude allahindluse kulu                                    -3 532 -3 219
---------------------------------------------------------------------------
 Aruandeperioodi kasum enne tulumaksu                          7 591  2 559
---------------------------------------------------------------------------


 Tulumaks                                                        -92     57
---------------------------------------------------------------------------
 Aruandeperioodi puhaskasum                                    7 499  2 616
---------------------------------------------------------------------------


 Muu koondkasum/-kahjum

 Kirjed, mida võib edaspidi klassifitseerida kasumiaruandesse

 Realiseerumata kursivahed                                       -38      2
---------------------------------------------------------------------------
 Aruandeperioodi koondkasum                                    7 461  2 618
---------------------------------------------------------------------------


 Puhaskasum omistatud

 Emaettevõtte aktsionäride osa kasumist                        7 496  2 646

 Mittekontrolliv osalus                                            3    -30
---------------------------------------------------------------------------
 Aruandeperioodi puhaskasum                                    7 499  2 616
---------------------------------------------------------------------------


 Kokku koondkasum omistatud

 Emaettevõtte aktsionäride osa kasumist                        7 458  2 649

 Mittekontrolliv osalus                                            3    -31
---------------------------------------------------------------------------
 Aruandeperioodi koondkasum                                    7 461  2 618
---------------------------------------------------------------------------


Konsolideeritud finantsseisundi aruanne

 EURt

                                                     31.12.2017 31.12.2016


--------------------------------------------------------------------------


 Varad

 Sularaha                                                     4          4

 Nõuded keskpangale, sh kohustuslik reservkapital        14 767     14 680

 Nõuded krediidiasutustele                                8 530      1 956

 Laenud ja nõuded klientidele                            92 895     64 839

 Investeeringud sidusettevõtetesse                        7 806          1

 Materiaalsed varad                                         279        183

 Immateriaalsed varad                                       816        902

 Muud finantsvarad                                           61         43

 Muud varad                                                 459        214

 Edasilükkunud tulumaksu vara                               364        449

 Müügiks hoitavad sidusettevõtted                             0      1 672
--------------------------------------------------------------------------
 Varad kokku                                            125 981     84 943
--------------------------------------------------------------------------


 Kohustised

 Klientide hoiused                                       95 056     64 587

 Muud finantskohustised                                   1 263      1 034

 Muud kohustised                                          1 136        722

 Tulumaksu kohustis                                           0        321

 Allutatud võlaväärtpaberid                               6 480      6 475
--------------------------------------------------------------------------
 Kohustised kokku                                       103 935     73 139
--------------------------------------------------------------------------


 Omakapital

 Aktsiakapital                                              782        689

 Ülekurss                                                 9 068      6 361

 Kohustuslik reservkapital                                   79         57

 Muud reservid                                            1 352      1 361

 Jaotamata kasum                                         10 739      3 330
--------------------------------------------------------------------------
 Emaettevõtte aktsionäridele kuuluv omakapital kokku     22 020     11 798
--------------------------------------------------------------------------
 Mittekontrolliv osalus                                      26          6
--------------------------------------------------------------------------
 Omakapital kokku                                        22 046     11 804
--------------------------------------------------------------------------

--------------------------------------------------------------------------
 Kohustised ja omakapital kokku                         125 981     84 943
--------------------------------------------------------------------------


2015. aastal pangana tegutsemist alustanud Inbank pakub teenuseid oma
internetipanga ja suure partnervõrgustiku kaudu. Inbank tegutseb Eesti, Läti ja
Poola tarbijafinantseerimise turul. Lisaks kaasatakse rahvusvahelisi hoiuseid
Saksamaa ja Austria turult. Inbankil on kolmes riigis ligi 170 tuhat klienti.

Lisainfo:
Jan Andresoo
juhatuse esimees
+372 508 4184
[email protected]

Inbanki konsolideeritud aruanne 2017

Teate sisu inglise keeles

Pealkiri

Audited financial results of Inbank AS for 2017

Teade

The profit earned by Inbank in 2017 amounted to 7.5 million euros, which is
almost three times more than in the previous year. The consolidated assets of
Inbank grew by 48.3% over the year.

Last year, Inbank increased its deposit portfolio by 47.2% to 95.1 million
euros. The financing portfolio increased by 43.3% at the same time and amounted
to 92.9 million euros. On the consumer financing market, Inbank has risen to
second place after Swedbank.

In total, Inbank sold credit products for 72.8 million euros in three countries
in 2017 – 80.8% in Estonia, 11.4% in Latvia and 7.8% in Poland.

According to Inbank CEO Jan Andresoo, the growth of Inbank is based on a clear
strategy and focused activities. “An approach aimed at our partners and
developing technology has helped us grow into the most preferred partner in the
area of hire-purchase and car loans,” he said. “Spreading our operations
geographically and exporting our business model makes more sense to us than
competing with large banks that offer a variety of different services in
Estonia."

According to Andresoo, the bank’s strong growth can continue on the account of
international business. “Inbank’s business in Estonia currently comprises
approximately 80% of our loan portfolio,” he said. “We can see the growth
continuing in Estonia, but believe that in a couple of years, at least half of
our portfolio will already come from international markets.”

Several one-off transactions had an impact on Inbank’s profit in 2017. The bank
sold its former affiliates Coop Finants and Krediidipank Finants and
considerably reduced its holding in the online identity verification company
Veriff in 2017. In addition, Inbank’s profit was affected by a changed tax
legislation in Latvia, which resulted in the need to write off income tax asset
in amount of 389 thousand euros. The total impact of these events on the
consolidated profit was 4.8 million euros.


Significant financial indicators as of 31 December 2017:

  * Balance sheet total 126.0 million euros
  * Loan portfolio 92.9 million euros
  * Deposits 95.1 million euros
  * Net profit for the year 7.5 million euros
  * Equity 22.0 million euros


Consolidated statement of profit or loss and other comprehensive income

 EURt

                                                                 2017   2016
----------------------------------------------------------------------------


 Interest income                                               13 023  9 788

 Interest expense                                              -2 009 -1 404
----------------------------------------------------------------------------
 Net interest income                                           11 014  8 384
----------------------------------------------------------------------------


 Fee income                                                       551    394

 Fee expense                                                     -607   -334
----------------------------------------------------------------------------
 Net fee and commission income                                    -56     60
----------------------------------------------------------------------------


 Other operating income                                           705    776


----------------------------------------------------------------------------
 Total net interest, fee and other income                      11 663  9 220
----------------------------------------------------------------------------


 Personnel expenses                                            -3 997 -2 461

 Marketing expenses                                              -929   -566

 Administrative expenses                                       -1 602 -1 014

 Depreciation, amortisation                                      -215   -174
----------------------------------------------------------------------------
 Total operating expenses                                      -6 743 -4 215
----------------------------------------------------------------------------

----------------------------------------------------------------------------
 Profit before impairment losses on loans and advances          4 920  5 005
----------------------------------------------------------------------------


 Share of profit of associates                                  6 203    773

 Impairment losses on loans and advances                       -3 532 -3 219
----------------------------------------------------------------------------
 Profit before income tax                                       7 591  2 559
----------------------------------------------------------------------------


 Income tax                                                       -92     57
----------------------------------------------------------------------------
 Profit for the period                                          7 499  2 616
----------------------------------------------------------------------------


 Other comprehensive income/loss

 Items that may be subsequently reclassified to profit or loss

 Currency translation differences                                 -38      2
----------------------------------------------------------------------------
 Total comprehensive income for the  period                     7 461  2 618
----------------------------------------------------------------------------


 Net profit attributable to:

 Shareholders of parent company                                 7 496  2 646

 Non-controlling interest                                           3    -30
----------------------------------------------------------------------------
 Profit for the reporting period                                7 499  2 616
----------------------------------------------------------------------------


 Total comprehensive income/loss attributable to:

 Shareholders of parent company                                 7 458  2 649

 Non-controlling interest                                           3    -31
----------------------------------------------------------------------------
 Total comprehensive income for the reporting period            7 461  2 618
----------------------------------------------------------------------------


Consolidated statement of financial position

 EURt

                                                          31.12.2017 31.12.2016


-------------------------------------------------------------------------------


 Assets

 Cash in hand                                                      4          4

 Due from central banks, including mandatory reserve          14 767     14 680

 Due from credit institutions                                  8 530      1 956

 Loans and advances to customers                              92 895     64 839

 Investments in associates                                     7 806          1

 Tangible assets                                                 279        183

 Intangible assets                                               816        902

 Other financial assets                                           61         43

 Other assets                                                    459        214

 Deferred tax asset                                              364        449

 Assets held for sale                                              0      1 672
-------------------------------------------------------------------------------
 Total assets                                                125 981     84 943
-------------------------------------------------------------------------------




 Customer deposits                                            95 056     64 587

 Other financial liabilities                                   1 263      1 034

 Other liabilities                                             1 136        722

 Income tax liability                                              0        321

 Subordinated debt securities                                  6 480      6 475
-------------------------------------------------------------------------------
 Total liabilities                                           103 935     73 139
-------------------------------------------------------------------------------


 Equity

 Share capital                                                   782        689

 Share premium                                                 9 068      6 361

 Statutory reserve capital                                        79         57

 Other reserves                                                1 352      1 361

 Retained earnings                                            10 739      3 330
-------------------------------------------------------------------------------
 Total equity attributable to the shareholders of parent
 company                                                      22 020     11 798
-------------------------------------------------------------------------------
 Non-controlling interest                                         26          6
-------------------------------------------------------------------------------
 Total equity                                                 22 046     11 804
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
 Total liabilities and equity                                125 981     84 943
-------------------------------------------------------------------------------


Inbank, which started operating as a bank in 2015, offers services via its
internet bank and a large 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. Inbank and its
subsidiaries have ca 170 thousand clients in three countries.

Further information:
Jan Andresoo
Chairman of Management Board
+372 508 4184
[email protected]

Inbanki konsolideeritud aruanne 2017

The English version of the report will be published tomorrow, 7 March 2018.