Inbank Reports Strong Financial Results for Q3 2025
In Q3 2025, Inbank hit a remarkable milestone, achieving an originated volume of 204 million euros. This represents a 14% increase year-on-year, making it the highest volume recorded in the bank's history. Alongside this substantial growth, the bank's consolidated net profit surged by 62%, reaching 5 million euros for the quarter. When looking at the net profit for the first nine months, it totaled 13.1 million euros, which is a 21% increase compared to the same period last year. The return on equity also saw an improvement, averaging 11.4% for the first nine months and rising to 12.5% in the third quarter.
Significant Growth in Income and Efficiency
Inbank's total net income for Q3 2025 climbed to 21.9 million euros, showing an increase of 21% from the previous year. For the first three quarters of the year, the total net income amounted to 63.3 million euros—an improvement of 15%. Operating expenses, while slightly rising by 3% in Q3 and 7% over the nine months, were managed effectively, leading to an improved efficiency ratio where the cost/income ratio declined to 52.3%.
Strong Demand Fueling Growth
The significant growth in originated volume can be attributed to a high demand for green financing products, particularly in Poland, as well as continued expansion in buy-now-pay-later (BNPL) sales across the Baltics. Additionally, direct lending volumes saw consistent growth across all markets. For the first nine months of 2025, the total originated volume came to 567 million euros, reflecting an 11% increase year-on-year.
Product Segment Performance Analysis
Breaking down the performance by product segment, green financing sales reached an impressive 39.3 million euros, showcasing a significant year-on-year growth of 57%. Furthermore, direct lending sales grew by 48%, totaling 35.1 million euros, aided by a broader product offering. Merchant solutions remained the leading segment for Inbank, recording sales of 68.1 million euros, up 13%, driven primarily by the robust demand for BNPL. Although car financing faced a decline, dropping 18% to 49.3 million euros due to ongoing impacts from Estonia's motor vehicle tax, overall performance remained strong.
Solid Portfolio Growth and Asset Management
By the end of Q3 2025, Inbank's loan and rental portfolio grew to 1.24 billion euros, marking an 11% year-on-year increase, while the deposit portfolio reached 1.32 billion euros with a growth of 13%. Total assets were reported at 1.59 billion euros, also reflecting an 11% increase from the prior year. The bank maintained a vigilant stance on impairments, with a quarterly impairment ratio of 1.52% and an average of 1.57% over the first nine months—both well within Inbank's target range.
Customer and Partnership Engagement
As of the end of Q3 2025, the bank boasted 915,000 active customer contracts along with 5,900 active partners. This substantial engagement showcases Inbank's successful strategy in building deep-rooted relationships across various segments.
CEO Insights on Inbank's Performance
Priit Põldoja, CEO of Inbank, reflected on the outstanding results by stating, “Throughout 2025, we have consistently improved our sales and financial performance. This quarter, for the first time, we achieved a record originated volume of 204 million euros, up 14% year-on-year, coupled with a record total net income of 21.9 million euros.” He further emphasized their recent Tier 2 bond issue on Nasdaq Tallinn, which was oversubscribed and raised 8 million euros, aimed at supporting the bank’s growth trajectory.
Key Financial Indicators Overview
As of September 30, 2025, Inbank's financial position revealed:
- Total assets: EUR 1.59 billion
- Loan and rental portfolio: EUR 1.24 billion
- Customer deposits: EUR 1.32 billion
- Total equity: EUR 161 million
- Net profit: EUR 5 million
- Return on equity: 12.5%
Frequently Asked Questions
What was Inbank's originated volume in Q3 2025?
Inbank's originated volume in Q3 2025 was 204 million euros, experiencing a 14% year-on-year increase.
How much did the net profit grow in Q3 2025?
In Q3 2025, Inbank's consolidated net profit grew by 62% to reach 5 million euros.
What are the key growth areas for Inbank?
Inbank experienced strong growth in green financing products, BNPL sales, and direct lending across various markets.
How does Inbank manage its expenses?
Inbank's operating expenses grew slightly but were effectively managed, resulting in an improved cost/income ratio of 52.3%.
What is Inbank's focus for future growth?
Inbank remains committed to enhancing profitability and expanding its product offerings to seize new growth opportunities across Europe.