The number of mobile banking users has also seen exceptional growth with a 50% increase year-on-year.
Equa bank continued its double-digit growth in Q3 2019. In the first nine months of the year, the bank has increased its profit year-on-year by 36 % to EUR 13.8 m. Consolidated profit grew year-on-year by 25 % to EUR 12.6 m. The balance sheet now exceeds EUR 2.4 bn, deposits grew by 14 % to EUR 2.0 bn, and receivables grew by 16 % to EUR 1.7 bn. The number of customers grew year-on-year by 16 % to 410k. Mobile banking has become very popular, and the number of users grew by 50 %. Thus, this digital channel has already been used by every second customer.