Margus Kastein began working as the Managing Director of Inbank Estonia
Today, on 10 September, Margus Kastein took his new post as the head of Inbank Group’s business unit operating in Estonia, bringing longstanding managerial experience to the position.
The new managing director of the Estonian business unit of Inbank has close to 20 years of experience as a top executive for international companies. From 2000 to 2016, Kastein served as CEO of several successful companies such as the breweries Saku Õlletehas AS and Aldaris AS and the ice cream manufacturer Ingman Jäätised AS. In the last two years, Kastein has been in the field of providing management and financial consultations.
Priit Põldoja, Chairman of Inbank’s Supervisory Board, said he had a high regard for Kastein’s strong competence in the field of retail operations and longstanding senior managerial experience. “Estonia is where Inbank has its most profitable business and highest market share and it is also where our headquarters is located. We are glad that the Estonian unit will be headed by a professional with such a solid background,” said Põldoja.
Jan Andresoo, Chairman of Inbank’s Management Board, added that although Inbank was focused on continuing internationalisation, strengthening business activity on the bank’s principal market was still on the agenda. “Among banks, our share of new sales of consumer credit in Estonia is close to 20%, but our ambitions go beyond this. Rapid development is a challenge for every organization and the presence of strong leaders is the best way to support growth. Therefore, I am delighted to see Margus joining us and believe that he will help Inbank to develop faster and in a more focused manner,” said Andresoo.
Kastein said that he decided to join Inbank because the bank’s long-term plans, business model and dynamic style of leadership struck a chord with him. “I like the way Inbank approaches banking and I hope to apply my managerial experience to advance the company’s market position and strengthen competitive advantages. I have set three major goals for myself: offering customers the best products and service, creating an inspiring place for employees to work, and ensure a balanced growth of business volumes,” said Kastein.
Piret Paulus, who had previously been in charge of sales for the Estonian unit of Inbank, has taken the position of Head of Business Development for Inbank Group, where she is in charge of international expansion. Jan Andresoo will continue as the CEO and Chairman of Management Board for the Inbank Group.
Launched as a bank in 2015, Inbank supplies services through its Internet bank and partner network. Inbank operates in the Estonian, Latvian, Lithuanian and Polish consumer financing market. In addition, Inbank raises international deposits from the German and Austrian market.