Quarterly Results: Iute Group’s Growth, Driven by Digitalization and Efficiency

Iute Group, a digital banking group operating in Southeast Europe, increased its total revenue by 13 percent compared to the same period last year, reaching €32.5 million in the first quarter of 2026. The Group’s net profit amounted to €2.6 million.

“The first quarter of 2026 was an intense and productive one for the Group. We continued to maintain a balance between profitability and investments in technology, automation, and geographic expansion, while also strengthening the key pillars of Iute’s long-term growth engine. Revenue growth, improved loan portfolio quality, and increased operational efficiency demonstrate that our strategy is generating tangible results. At the same time, we continued to build the foundation for scalable digital banking services and the expansion of the Myiute SuperApp ecosystem across all our markets,” said Tarmo Sild, CEO of Iute Group.

The quality of the loan portfolio within the Iute Group continues to improve across the entire Eastern European region, and the Republic of Moldova is recording some of the best results within the group. At iute Moldova, 94% of payments are made on time, an indicator that reflects customers’ financial discipline and the high level of trust built over 18 years of activity in the local market.

“The Republic of Moldova holds special significance in our group’s journey, as it is the country where the name ‘iute’ originated. We are seeing growing interest in digital financial services that are simple and accessible directly through the app. Our goal is to develop the Myiute app into an integrated ecosystem that offers customers fast and convenient access to financing solutions, relevant offers from partners, and services tailored to their daily needs,” says Sergiu Sobuleac, CEO of iute Moldova.

In his view, the accelerated digitization of financial services is changing consumer behavior, and accessibility and a simplified experience are becoming increasingly important criteria in choosing financial services.

In this context, Tarmo Sild emphasizes that investments in data analytics, automation, and personalized offers are increasingly contributing to greater operational efficiency and an improved customer portfolio. “We are evolving into a digital bank built around a SuperApp-style financial application. We are seeing that users are increasingly accessing different services within the same ecosystem, which creates a solid foundation for long-term growth,” added the CEO of Iute Group.

The share of Iute Group’s new business lines continued to grow. Revenue from insurance brokerage increased by 71.4 percent compared to the same period last year and accounted for 5.6 percent of the Group’s total revenue. The Myiute SuperApp has been downloaded over 1.75 million times, solidifying Iute’s position as a digital bank built around an integrated app for managing daily financial activities.

Iute Group also continued to accelerate its digitization and automation processes. In the first quarter, the company implemented the first AI-powered sales assistants in Albania, designed to support loan and insurance offers. Currently, 70 percent of post-sale offers are generated automatically, without human intervention, and the share of fully automated loans has risen to 35.9 percent.

As of the end of March, Iute Group had 247,383 active customers. Over 101,000 customers were using payment services, and nearly 58,500 customers held at least one active insurance policy.

In the first quarter, the National Bank of Ukraine approved IuteBank’s independent operation. The company is preparing to launch a fully digital retail bank in Ukraine in the first quarter of 2027.

Iute Group is a digital banking group focused on financial services for everyday needs in Southeast Europe. Founded in 2008 and headquartered in Estonia, Iute serves customers in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine. Through the MyIute app and its local operations, Iute offers digital financial services, including payment services, banking, lending, and insurance brokerage. Iute Group finances its operations through equity, deposits, and covered bonds listed on the Frankfurt Stock Exchange’s Regulated Market and the Nasdaq Baltic main market.