Instabank reports record profit on strong lending growth

Instabank recorded a pre-tax profit of NOK 40.5 million in Q3 2025, an increase of NOK 11.6 million from the previous quarter, marking a new record for the bank. This strong performance was fueled by a significant increase in gross lending, which expanded by NOK 368 million for the second consecutive quarter of all-time-high growth. Total gross lending reached NOK 8.2 billion, with business lending rising to NOK 858 million (10% of total lending) and yielding an attractive 17.7%. The German credit card portfolio also gained strong traction, supported by AI-driven customer service.

After the quarter's close, Instabank successfully completed a private placement of NOK 186.6 million, securing capital for further expansion across the Nordics and Europe. The bank is progressing with its application for a Finnish banking license, a strategic step towards establishing a pan-Nordic platform under EU regulation.

Instabank expects total lending growth of NOK 1.8-2.0 billion for 2025, with an annual profit after tax projected to be around NOK 117-120 million. The company’s CET1 ratio stood at 16.8%, exceeding regulatory requirements.