Instabank ASA posts its strongest quarter ever in lending growth, with gross loans up by 835 MNOK in Q2 2025. The growth was powered by a substantial organic increase of 467 MNOK and the acquisition of a 368 MNOK mortgage portfolio, underlining the bank’s ability to both capture market opportunities and execute on structural growth moves.
The quarter also marked a major strategic milestone: the launch of Instabank’s fully digital, Norwegian-designed credit card in Germany – the largest banking market in Europe. The product added 106 MNOK in gross lending in its first quarter, supported by an AI-first customer service solution already handling more than 75% of all customer interactions, both written and verbal. This ensures scalable, high-quality service from day one.
Other Q2 highlights include:
• Mortgages grew 543 MNOK to 3,668 MNOK, now Instabank’s largest lending segment at 47% of total loans.
• Business lending – the bank’s most profitable segment – reached 701 MNOK after a 114 MNOK increase, delivering a 17.8% average yield and a 2.6% loan loss ratio.
• CET1 ratio at 17.4%, 1.3 percentage points above the regulatory requirement including the P2G buffer.
Profit before tax was 28.9 MNOK (36.7 MNOK adjusted for extraordinary items). Results reflect deliberate strategic investments: 2 MNOK in advisory costs for the Finnish banking license application, and 5.8 MNOK in start-up losses from the German credit card – expected to turn profitable by Q4 2025.
The Finnish banking license application process is ongoing and is expected to take approximately one year. By applying for a banking license in Finland, Instabank will have the opportunity to operate within a European regulatory framework, fostering a more competitive and growth-oriented banking environment.. This will enable cross-border scalability from a single operational platform, significantly increasing long-term competitiveness.
“Our Q2 results prove that our growth engine is firing on all cylinders,” says Robert Berg, CEO of Instabank. “We’re building scale in our most profitable segments, capturing market share in Europe’s biggest economy, and preparing to operate as a truly European bank. This is growth with purpose – every move strengthens our ability to deliver attractive returns while transforming the traditional way of banking - in all segments”
Instabank maintains full-year 2025 guidance of around 1.7 BNOK gross loan growth and profit after tax of approximately 125 MNOK, with momentum coming from business lending, mortgages, and credit card expansion into Germany.
For further details, please refer to the full Q2-2025 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.