Instabank ASA delivers record profit and accelerates European growth

31 Oct 2025 07:00 CET

Instabank ASA reports a record profit before tax of NOK 40.5 million in the
third quarter of 2025, an increase of 11.6 MNOK from the previous quarter. The
result marks the bank’s strongest quarter to date, driven by solid lending
growth, strong cost control, and consistent profitability across segments.

Gross lending expanded by 368 MNOK, the second consecutive quarter of record
growth. Total lending reached 8.2 billion NOK, supported by strong performance
in both business lending and the German credit card portfolio.

Business lending rose to 858 MNOK, now accounting for 10% of total lending with
an attractive 17.7% yield, confirming the strength of Instabank's B2B strategy.
The German credit card portfolio continued its rapid growth, further fueled by
AI-driven customer service and fully digital onboarding, a milestone in scaling
the bank’s European operations.

Following the end of the quarter, Instabank successfully completed a private
placement, raising NOK 186.6 million and securing capital for continued growth
across its Nordic and European markets.

The bank has also made significant progress in its strategic transition toward
Finland, with the ongoing banking license application marking a decisive step in
establishing a pan-Nordic platform under EU regulation. The merger of Instabank
ASA into Instabank Finland is expected to be completed following approval by the
Finnish Financial Supervisory Authority in the first half of 2026.

With record profitability and strengthened capital, Instabank is ready to
accelerate its European journey — turning technology into a lasting competitive
edge. The bank now targets total lending growth of 1.8–2.0 billion NOK for 2025
and expects annual profit after tax of around NOK 117–120 million, depending on
market conditions and new loan origination pace.

Robert Berg, CEO, states:
"Q3 marks another strong step forward for Instabank. We continue to combine
profitable growth with disciplined execution, proving that technology and
simplicity win in a complex banking landscape. Our expansion in Germany
demonstrates the scalability of our digital model, while the upcoming transition
to Finland marks the foundation for a fully EU-regulated banking platform,
enabling Instabank to compete across Europe with unmatched agility. The strength
of our results and the trust our investors have placed in us through the recent
capital raise give us both momentum and flexibility to accelerate growth in
2026. We’re proving that Nordic banking can scale — profitably, digitally, and
across borders. Instabank isn’t just growing; we’re redefining what a digital
bank can be in Europe.”

For further details, please refer to the full Q3-2025 interim report attached to
this message.

Contacts:
Robert Berg, CEO – robert.berg@instabank.no
Per Kristian Haug, CFO – perkristian.haug@instabank.no

This information is subject to disclosure requirements under section 5-12 of the
Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

658404_Instabank_Q3_2025_Presentation.pdf
658404_Instabank_Interim_Report_Q3-25.pdf