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|2017 was a year of a stable growth for AgroCredit Latvia. At the end of the season (July) the total credit portfolio exceeded 7 mEUR, which was all time highest result for the company. The total revenue grew by 14% and also the profitability rose significantly.
The accruals for the debtors were raised by 50 tEUR mathing the demand of Accrual making policy of the company.
As the amount of credit resources attracted through bond emmission was raised and more expensive financing replaced, the self-cost of credit resources was decreased. The cooperation with AS Citadele banka was developed as well.
In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 2016.
On operating results
In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 2016. In the current period we achieved profit of EUR 36 thousand that more than covers losses of the previous financial year. We have managed to achieve a solid growth in the loan portfolio with total amount of EUR 4,881 thousand as of the end of the reporting year.
On key events
During year 2017 we have…
Aasa Polska, which operates in Poland, won two prizes in the prestigious Loan Magazine Awards 2017. The Awards present the best products, initiatives and services on the non-bank loan market and in the fintech industry. The prizes are awarded by representatives from the most important companies and institutions in the industry. The awards gala took place on February 8, 2018 in Wroclaw. (more…)
ExpressCredit group’s turnover for 12 month of the year 2017 reached EUR 18 million and the Group closed a year with consolidated unaudited profit of EUR 3 million.
CORRECTION: Correction in technical issues in attachment file of Financial statements in English.
The Group’s performance during the year 2017 was as planned. The total revenue compared to the corresponding period of the previous year has increased by 17%, while profit has increased by 308%.
The Group’s turnover has increased in all quarters of 2017 compared to 2016, and year 2017 has been the best in the Group’s history in terms of…
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 26/02/2018 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 150. (more…)
AS “mogo” attracts EUR 10 million via bond issue.
On February 7, 2018 AS “mogo” closed the subscription period of bonds (LV0000880029), attracting funds in the amount of EUR 10 million. (more…)
As of 11/01/2018 the Enterprise register of the Republic of Latvia has registered changes in the charter of SIA ExpressCredit with respect to changes in the composition of the Board. Newly elected Board member Ivars Lamberts will join the present acting management Board, consisting of Agris Evertovskis, Didzis Ādmīdiņš and Kristaps Bergmanis. (more…)
Frankfurt-listed FinTech, MyBucks S.A. has announced its unaudited 2017 results, during an effective transitional period in which the company integrated four Opportunity Banks in Africa and coupled with FairGo Finance in Australia. The Group’s operating profit (EBIT) maintained at about €11m from the 2016 financial year to the 2017 financial year, despite an increase in the net loan book from €38.8m as of 30 June 2016 to €68.5m at 30 June 2017 and a corresponding revenue increase from €36.3m to €53.7m on the back of an increase in disbursements by more than 50.0% to over EUR 120m.
Non-audited interim condensed consolidated report of ExpressCredit for the year 2017 will be published – from 19.02.2018 till 26.02.2018.