Changes in the legal structure of Inbank consolidation
On July 1, 2021, Inbank Finance AS, a 100% subsidiary of Inbank AS, will start operating, through which the bank will offer credit products in the Estonian market. In addition, the subsidiaries of Inbank AS, Inbank Technologies OÜ and Maksekeskus Holding OÜ, will be merged.
The objective of the reorganization is to support Inbank’s international expansion by harmonizing its legal structure in all of its domestic markets. Inbank operates in Estonia and Latvia through subsidiaries and has branches in Lithuania and Poland. The reorganization does not entail any substantial change in the provision of Inbank’s services. The visual identity of the Inbank consolidation group will also remain as it is.
As part of the harmonization of the legal structure, Inbank Technologies OÜ and Maksekeskus Holding OÜ, which manage Inbank’s stake in Maksekeskus AS and Mobire Group OÜ, will be merged by a merger agreement concluded on June 30, 2021. After l ‘registration of the transaction in the commercial register, the name of the merged company will be Inbank Ventures OÜ. This transaction has no impact on Inbank’s economic activities.
The parent company Inbank AS will continue to perform cross-functional functions as before.
Inbank is a digital consumer lending bank active in the Baltic States and Poland with additional deposits accepted in Germany, Austria and the Netherlands. Inbank has more than 4,000 active partners and 718,000 active contracts. Bank bonds are listed on the Nasdaq Baltic Stock Exchange.
Head of corporate communications
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