Inbank | Latest News & Updates - Feb 26, 2025 Release
Inbank's Polish branch now contributes over 30% to the group's profits and has secured a deal with the European Investment Bank to provide over 700 million PLN in green loans for solar panels and energy systems in Poland...
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Inbank
🌎 inbank.euInbank is a financial technology company based in Tallinn, Estonia, that operates with an EU banking license. It specializes in embedded finance, connecting merchants, consumers, and financial institutions. With over 5,800 merchant partnerships and nearly 900,000 active contracts, Inbank offers a range of financing solutions, including buy now, pay later options and loans for various consumer needs. The company aims to provide seamless financial services both online and offline, enhancing the shopping experience.
Inbank - Latest News and Updates
- Inbank's Polish branch now contributes over 30% to the group's profits and has secured a deal with the European Investment Bank to provide over 700 million PLN in green loans for solar panels and energy systems in Poland.
- Inbank's fourth-quarter net profit dropped by 50% due to one-time costs, despite achieving a record total revenue of 20.7 million euros, a 28% increase from the previous year, and a record sales volume of 191 million euros, a 14% growth year-on-year.
- Inbank achieved a 26% increase in total net income to 75.5 million euros and a 20% rise in consolidated net profit to 12.2 million euros in 2024, driven by enhanced margins and an expanding portfolio in the Baltics and Central Eastern Europe.
- Maciej Pieczkowski, Head of CEE Region and General Manager of Inbank Poland, shared ambitious plans for 2025 while reflecting on the successes of 2024.
- Inbank reports that vacation leasing and installment payments for travel are becoming increasingly popular among families in Latvia, with a 25% higher preference compared to individual travelers.
- Inbank reports that holiday leasing is increasingly popular among families, who choose this option 25% more often than individual travelers.
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