“The first quarter of 2026 has been a busy and fruitful quarter for the Group. We continue to maintain a balance between profitability and investments in technology, automation and geographic expansion, while strengthening the core pillars of Iute’s long-term growth drivers. Revenue growth, improved loan portfolio quality and operational efficiencies are proof of the effectiveness of our strategy. At the same time, we continued to work on building the foundation for scalable digital banking services and expanding the MyIute SuperApp ecosystem across all our markets,” said Tarmo Sild, CEO of Iute Group.
The quality of Iute Group’s loan portfolio continues to improve across the Eastern Europe region, with the Republic of Moldova showing one of the best results within the group. In iute Moldova, 94 percent of payments are made on time, a figure that testifies to the financial discipline of clients and the high level of trust built up over 18 years of operating in the local market.
The Republic of Moldova holds a special place in the history of our group, as this is the country where the name “iute” originated. There is a growing interest in simple and accessible digital financial services that can be accessed directly from the app. Our goal is to turn the Myiute app into an integrated ecosystem that will provide customers with quick and convenient access to financial solutions, relevant offers from partners and services adapted to everyday needs“, says Sergiu Sobuleac, CEO of iute Moldova.
According to him, the accelerated digitalization of financial services is changing the behavioral patterns of consumers, and accessibility and usability are becoming more and more important criteria when choosing financial services.
In this context, Tarmo Sild notes that investments in data analysis, automation and personalized offers increasingly contribute to improving operational efficiency and customer portfolio quality. “We are evolving towards a digital bank built around a financial application like SuperApp. We are seeing users increasingly turning to different services within the same ecosystem, which provides a strong foundation for long-term growth,” added Iute Group’s CEO.
Tarmo Sild
The share of Iute Group’s new business areas continued to grow. Revenues from insurance intermediation activities increased by 71.4 % year-on-year and accounted for 5.6 % of the Group’s total revenues. The MyIute app, categorized as a SuperApp, was downloaded more than 1.75 million times, reinforcing Iute’s position as a digital bank based on an integrated app for managing everyday financial transactions.
In addition, Iute Group continued to accelerate its digitalization and automation processes. In the first quarter, the company introduced the first artificial intelligence-based sales assistants in Albania, designed to facilitate sales of credit and insurance products. Currently, 70 percent of after-sales offers are generated automatically, without human intervention, and the share of fully automated loans has risen to 35.9 percent.
At the end of March, Iute Group had 247,383 active customers. More than 101,000 customers used payment services and nearly 58,500 customers had at least one active insurance policy.
In the first quarter, the National Bank of Ukraine approved IuteBank’s independent operations. The company plans to launch a fully digital retail bank in Ukraine in the first quarter of 2027.
Iute Group is a digital banking group operating in Southeast Europe, specializing in providing financial services for everyday needs. Founded in 2008 and headquartered in Estonia, Iute serves customers from Albania, Bulgaria, Republic of Moldova, Northern Macedonia and Ukraine. Through the MyIute app and its local divisions, Iute provides digital financial services, including payment services, banking, credit and insurance intermediation services. Iute Group finances its operations through equity, deposits and secured bonds listed on the regulated market of the Frankfurt Stock Exchange and on the main market of Nasdaq Baltic.
