Inbank earns a record EUR 21.1mn net profit in 2022

In Q4 2022, Estonia’s Inbank AS earned a consolidated net profit of EUR 2.1 million, down by 27% year-on-year, while its net profit for the full year of 2022 was EUR 21.1 million, a jump of 92% year-on-year. The return on equity in Q4 was 8.4% and for the full year 23.3%, the bank said in a press release.

The Lithuanian branch is reported to have generated 27% of the Inbank group’s total loan sales.
Inbank’s loan portfolio increased by 25% compared to Q4 2021 reaching EUR 755 million. The deposit portfolio grew 34% and reached EUR 829 million by the end of Q4. At the end of 2022, Inbank’s total assets exceeded EUR 1 billion.