Oslo, 6 November 2026 – Instabank ASA (Euronext Growth Oslo: INSTA) reports profit before tax of 55.1 MNOK for the third quarter of 2026, up 36 % from the same quarter last year. Profit after tax was 41.4 MNOK, corresponding to a return on equity of 11.6 %.
Highlights Q3 2026:
- Record lending growth of 959 MNOK (+9.5 % QoQ), bringing gross loans to 11,064 MNOK
- Total income up 48 % year on year, against a 26 % increase in operating expenses; cost-to-income ratio down 6 percentage points to 36 %
- Excluding a one-off 11.8 MNOK release of loan loss provisions in Q2, profit before tax increased by 4.7 MNOK from the previous quarter, despite 7.1 MNOK lower returns on the bond portfolio
- German credit cards grew 480 MNOK, half of total growth, and profit before tax for the German credit card business more than quadrupled to 15.9 MNOK
- Loan losses of 92.1 MNOK, or 3.5 %, reflecting portfolio growth and a higher share of credit cards
- CET1 ratio of 16.1 %, 2.1 percentage points above the requirement including P2G; LCR of 266 %
- Guidance for 2026 reiterated
“The third quarter delivered record lending growth of 959 MNOK and a 36 % increase in profit before tax year on year. Total income rose 48 % while operating expenses rose 26 %, and the scalability of our platform continues to show in the numbers. Our German credit card business has become the bank’s strongest growth engine. We reiterate our guidance for 2026, and with our strategy towards 2030 we are setting the course for the next phase of profitable growth,” says Robert Berg, CEO of Instabank.
Outlook:
Lending growth of 2,568 MNOK and profit after tax of 120.7 MNOK in the first nine months, up 60 % from the same period last year, support the guidance of 3,000–3,500 MNOK in lending growth and 160–185 MNOK in profit after tax for 2026.
Strategic ambitions:
The Board has endorsed an ambition to grow gross loans to approximately 30 billion NOK by 2030, with a return on equity above 22 %, a cost-to-income ratio of at most 30 % and profit after tax above 800 MNOK. These are ambitions and do not constitute guidance.
The interim report and presentation are attached and available at ir.instabank.no
For further information, please contact:
Robert Berg, CEO – robert.berg@instabank.no
Per Kristian Haug, CFO – perkristian.haug@instabank.no