Inbank unaudited financial results for Q2 and 6 months of 2026

• Inbank's total net income for the second quarter increased by 6% year-on-year to €22 million, and 6% to €43.9 million for the first 6 months. Operating expenses rose 3% year-on-year to €11.9 million, declining slightly from the previous quarter. As a result, Inbank's cost / income ratio improved to 54.3% for the quarter.
• Originated volume reached a record €221 million in Q2 2026, up 13% year-on-year, bringing originated volume for the first 6 months of 2026 to €428 million, up 18% year-on-year. Growth was broad-based, with 17% in Central and Eastern Europe and 10% in the Baltics. 
• By product segment, personal loan origination volumes grew 59% year-on-year to €55.8 million, supported by sustained focus on the product and its distribution. Rental services grew by 47% to €20.3 million, supported by growth in both full-service vehicle rental and consumer electronics rental. Car financing grew by 11% to €52.4 million, supported by the Otomoto partnership in Poland and the continued recovery of Estonia’s car market. Pay later product volumes, Inbank's largest segment, were broadly flat year-on-year at €64.6 million. Green financing declined 23% year-on-year to €28.4 million, as Polish solar financing demand normalised after last year’s exceptionally strong, subsidy-driven activity.
• The loan and rental portfolio grew 10% year-on-year to €1.32 billion, while the deposit portfolio increased 7% year-on-year to €1.32 billion. As of the end of Q2, Inbank's total assets stood at €1.61 billion.
• Impairments on loans and receivables were 1.54% of the average loan and rental portfolio, an improvement from both a year ago and the previous quarter, and remained within Inbank's target range.
• In June, Inbank completed a private placement of Additional Tier 1 (AT1) bonds worth €8.34 million at 8.25% per annum, oversubscribed 2.1 times, attracting a diversified investor base including family offices, institutional investors, pension funds and high-net-worth individuals. The total capital ratio reached 18.38% by quarter-end.
• In July, Inbank signed an agreement with Eurobank to establish a 50/50 joint venture to build an embedded finance business in Greece, combining BNPL, sales finance and consumer lending products. Licensing with the Bank of Greece is underway, with commercial launch expected in Q1 2027, subject to regulatory approvals.
• Inbank strengthened its leadership and operating model. Margus Kastein was appointed Chief Commercial Officer (effective 1 June), Piret Paulus was appointed Chief Product Officer (effective 1 July), and Marten Meikop will join as Chief Technology Officer on 10 August 2026.
• By the end of Q2 2026, Inbank had 807,000 active customer contracts and over 6,200 active partners.

Priit Põldoja, CEO of Inbank, comments on the results: “Inbank delivered a strong second quarter, with yet another record originated volume accompanied by a slight improvement in profitability. Growth was broad-based across our markets and products, led by personal loans and rental services. While revenue growth was modest, net profit grew by more than 20% thanks to low operating expense growth and stable credit quality.

In addition to solid underlying business performance, the quarter also marked an important strategic milestone. In July, we signed an agreement with Eurobank to establish a joint venture and enter the Greek market – a completely new strategic direction for Inbank, as we enter a new market for the first time together with a strong local partner. With growing business volumes, improving margins and an exciting new market ahead of us in Greece, Inbank enters the second half of 2026 with good momentum.”

Key financial indicators as of 30.06.2026

Total assets € 1.61 billion 

Loan and rental portfolio € 1.32 billion

Customer deposits € 1.32 billion

Total equity € 176.2 million

Net profit € 4.3 million

Return on equity 9.8%