For investors
Contribute to the development of Estonian banking here and in Europe

Inbank is a specialised digital bank that focuses on hire-purchase and consumer financing. Inbank operates in Estonia, Latvia, Lithuania and Poland, and we also collect deposits from Germany, Austria and Netherlands. Inbank's purpose is to offer best services in its field and to grow on the European market with a focused product range.

The Estonian banking market is profitable, well capitalised and open to new digital solutions. As a product-based bank we see sustainable growth primarily outside of Estonia. Inbank has the advantage of operating in profitable product lines and the ability to develop products suitable for customers and merchants outside traditional banking channels.

Priit Põldoja

Founder and Chairman of the Supervisory Board of Inbank

Facts about Inbank

Inbank number of contracts

Active customer contracts: 550 000

Inbank number of employees

Number of employees: 215

Number of active partners

Number of active partners: 1 750+

Inbank profit

Profit in 2018: 9,3 EURm

Data as of 30.09.2019.

Key financial indicators

EURm 2014 2015 2016 2017 2018
Loan portfolio 14 35 65 93 226
Deposit portfolio 0 30 65 95 240
Total assets 15 42 85 126 318
Owner’s equity 6 8 12 22 36
Net interest income 1,9 3,4 8,4 11,0 19,9
Net fee and commission income 0,3 0,0 0,1 -0,1 -0,4
Total net income 2,4 4,0 9,2 11,7 21,4
Operating expenses 1,0 2,6 4,2 6,7 10,6
Operating profit 1,4 1,5 5,0 4,9 10,7
Impairment losses on loans 0,3 1,0 3,2 3,5 2,7
Total comprehensive income 1,3 0,9 2,6 7,5 9,3
Return on equity 43,1% 14,5% 26,6% 44,1% 31,9%
Net interest margin 16,7% 12,3% 13,7% 11,1% 9,5%
Impairment losses to loan portfolio 2,4% 4,0% 6,4% 4,5% 1,7%
Cost/income ratio 41,1% 63,2% 45,7% 57,8% 49,9%
Comprehensive income (EURm)
Inbank profit
Loan and deposit portfolio development (EURm)

Loan portfolio Deposits & senior debt

Inbank portfolio

Inbank’s story

Inbank stems from the financial technology company Cofi that was established in 2011 and launched an innovative hire-purchase solution on the market. Cofi rose from a start-up to the market leader of hire-purchases from 2011-2015.

In 2015 the Financial Supervision Authority issued a banking licence to Cofi and we started using the name Inbank. The launch campaign of the bank was very successful and we collected 11 million euros worth of deposits in the first two days alone.

Inbank has launched several new financial services after receiving the banking licence, such as small loan, car loan, auto24 loan and auto24 leasing.

Inbank has been listed on the stock exchange since 2016. In September 2016 we issued bonds to support our rapid international growth and they have been included in the Baltic Bonds List of the Nasdaq Tallinn Stock Exchange since 3 October 2016.

Articles of Association


If you have any questions about investor relations, please contact Priit Põldoja, founder and Chairman of the Supervisory Board of Inbank, or send an e-mail to

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Priit Põldoja

Founder and Chairman of the Supervisory Board of Inbank