Inbank Audited Financial Results for 2020 : vimarsana.com

Inbank Audited Financial Results for 2020


Estonian
In 2020 Inbank earned a net profit of 5.9 million euros, which is 41% less than the previous year. Inbank’s loan portfolio increased by 19% compared to 2019 reaching 402 million euros. At the same time, the deposit portfolio grew 4%, reaching 391 million euros at year-end. The annual return on equity was 10.8%.
Annual sales volume in 2020 was 300 million euros; that is, a 4% increase year-on-year. In all markets, the sales finance business grew by 38% to 206 million euros. At the same time, the sales volume of personal loans decreased by 51% to 36 million euros, while car financing decreased in sales volume by 11% to 58 million euros.
Provisions for loan losses increased by 91% year-on-year to 11.5 million euros.

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