Solid results in turbulent times
Despite challenging times, Inbank has maintained solid profitability and a strong equity position while continuing to invest in new products and people to support future growth.
Annual Results 2020
In times of a global coronavirus crisis, Inbank reports a healthy €5.9 million profit in 2020. Our loan portfolio grew 19%, reaching €402 million while the deposit portfolio increased 4%, reaching €391 million at year-end. The annual sales volume was up 4% reaching €300 million euros.More info
Our success factors
We operate through an effective B2B distribution network that enables us to be part of the end-to-end customer journey and utilise B2C retention and cross-sales.
Thanks to our scalable proprietary technology and agile organisation, we can grow fast within our home markets as well as expand to new markets in Europe through partnerships with leading local merchants.
We have built a profitable business model since inception. While the global downturn has affected the 2020 annual profit, our capitalisation is at its highest level for the past two years at 18.6%.
EU banking license and strong international investor base ensure sustainable funding to support growth. Our bonds are listed on Nasdaq Tallinn Stock Exchange.
Inbank operates in the Baltic and Polish consumer finance markets and accepts deposits from Germany, Austria and the Netherlands. We are a team of 250+ people working across our offices in Tallinn, Riga, Vilnius, Kaunas, Klaipeda, Warsaw and Gdansk.