Inbank's Strategic Leadership Changes Enhance Growth Potential

Inbank's Management Restructuring for Enhanced Performance

Inbank has recently restructured its management framework across its subsidiary companies, aligning it with updated group-wide governance principles. This proactive approach aims to bolster the company’s operational efficiency and strategically position itself within the competitive financial technology landscape.

Key Appointments in AS Inbank

As part of this transformation, significant changes were announced on July 10, 2025. Marko Varik, who served as the CFO and was a Member of the Management Board, has been appointed to the Management Board of AS Inbank Finance. Joining him on the board are Piret Paulus, the Head of Growth and Business Development, and Margus Kastein, the Head of Baltic Business and also a Member of the Management Board. These appointments are pivotal as they bring together a team with diverse expertise and a shared vision for the future.

New Faces on the Supervisory Board

The restructuring has also led to Ivar Kurvits, AS Inbank’s Chief of Staff and Board Member, being appointed to the Supervisory Board of AS Inbank Finance. This board now features prominent leaders, including Priit Põldoja, the CEO and Chairman of the Management Board, and Evelin Lindvers, the Head of Risk Control, alongside Kurvits. Their collective experience positions the bank to navigate challenges effectively while exploring new opportunities.

Changes at Inbank Ventures OÜ

On May 26, 2025, notable changes were made within the Management Board of Inbank Ventures OÜ. Margus Kastein and Ivar Kurvits were appointed as new members, enhancing the leadership team which also includes Marko Varik. This reconfiguration reflects Inbank’s commitment to fostering innovation and driving growth within its ventures.

Updated Management at Inbank Latvia SIA

Further adjustments took place on June 2, 2025, when Gatis Bergs, the Head of Baltic Credit Underwriting, was recalled from the Management Board of Inbank Latvia SIA. The updated board now features experienced professionals such as Dainis Skrinda, the Country Manager for Inbank Latvia, Juris Filipovs, the Head of Credit Risk Control, and Margus Kastein. Together, they will strive to elevate Inbank's presence in the Latvian market.

Inbank's Vision in Financial Technology

Inbank is poised for growth as a leading financial technology company, equipped with an EU banking license. It operates an advanced embedded finance platform that seamlessly connects merchants, consumers, and financial institutions. With a robust network of over 5,600 merchants and maintaining more than 941,000 active contracts across seven European markets, Inbank is uniquely positioned for expansion.

Market Position and Future Prospects

The recent management changes underscore Inbank's commitment to enhancing its market position. By adapting and evolving its leadership structure, the company is expected to increase its competitive edge and attract even more partnerships. The bonds issued by Inbank are listed on the Nasdaq Tallinn Stock Exchange, which further reinforces its standing in the financial community.

Contact Information for Investors

For more information regarding these management changes or inquiries about Inbank, please reach out to:

Styv Solovjov
Inbank
Head of Investor Relations
+372 5645 9738
styv.solovjov@inbank.ee

Frequently Asked Questions

What are the recent management changes at Inbank?

Inbank has updated its management structures, appointing new members to key positions across its subsidiaries, including AS Inbank Finance and Inbank Ventures OÜ.

Who are the new board members in AS Inbank Finance?

The new Management Board includes Marko Varik, Piret Paulus, and Margus Kastein, focusing on strategic growth and development.

What is the role of Ivar Kurvits now?

Ivar Kurvits has transitioned to the Supervisory Board of AS Inbank Finance, contributing his insights and expertise.

How does Inbank position itself in the financial market?

Inbank operates with an EU banking license and has established itself as a leader in embedded finance technology, optimizing connections between merchants and consumers.

Where can investors find more details about Inbank?

Investors can contact Styv Solovjov, the Head of Investor Relations, for any inquiries regarding the company and its recent changes.

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