Created by Anna Mileiko 
Instabank is a new digital bank offering savings and loans with flexible repayment individually adjusted for its customers. Instabank offers fast, intuitive and secure sales financing and payment solutions, which make sales easier, both for businesses and their customers.Instabank also provides insurance products.
In 2023, INSTABANK ASA achieved the position of 51st largest bank in Norway with a market share of 0.14%; its total assets grew by 25.49%.
Additionally, the bank became the 22nd profitable bank in relation to its total assets showcasing 1.54% return on assets in 2023.
Also the lender held the 73rd position regarging its loans-to-deposits (L/D) registering 107.75% L/D ratio in 2023.
Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in INSTABANK ASA.
Becoming a client of INSTABANK ASA can be done in a few steps:
Account opening procedure is usually completed within a few minutes.
online banking
mobile app
INSTABANK ASA is the 51st largest bank in Norway in terms of total assets. In 2023 its total assets were 7 277,28 mln NOK, providing the bank with the market share of 0.14%. INSTABANK ASA is the 11th largest commercial bank in Norway (out of 20 commercial banks) having market share of 0.22% amongst the banks of this category. In 2023 the bank's annual profit was 100,87 mln NOK.
Norwegian Banks' Guarantee Fund (NBGF)INSTABANK ASA participates in the deposit guarantee scheme of Norway which applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. INSTABANK ASA is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.
Drammensveien 177, 0277, OSLO, NorwayINSTABANK ASA is headquartered in OSLO.
INSTABANK ASA has profiles at the following social networks:
INSTABANK ASA is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 816 914 582).
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