Audited financial statements of SIA ExpressCredit for the year 2016

28.04.2017

mintosblog

ExpressCredit Group’s turnover reached EUR 15,4 m and Group worked with net consolidated profit of EUR 0.96 m for the year 2015.

The Group’s operations during the period has been successful. In 2016 the new amendments to legislation came into force, which led to significantly lower interest rates on consumer loans. Consequently, in line with expectations, total revenues in the period fell by 14.8% against 2015 and reached 15 423 987 euro.

The Group’s strategy in year 2016 included the increase in loan portfolio and reduction of the cost base.

According to the strategy, substantial investments were made in the Group’s “Banknote”…

AS “mogo” interim condensed financial information for the 3 month period ended 31 March 2017

27.04.2017

mintosblog

AS “mogo” earns 1.1 million during the first 3 months of 2017.

Turnover amounted to EUR 3.1 million (32% increase, compared to the same period in 2016), EBITDA reached EUR 1.8 million (55% increase, compared to the same period in 2016), net profit was EUR 1.1 million (122% increase, compared to the same period in 2016) and net profit margin was 35% (69% increase, compared to the same period in 2016).

As at 31 March 2017 gross value of the lease portfolio reached 28.1 million euro (5% increase, compared to 31 December 2016).

Interim Condensed Statement of Profit or Loss…

Capitalia unaudited interim consolidated financial statements for Q1, 2017

27.04.2017

mintosblog

In the first quarter of 2017 Capitalia reported total revenues of EUR 293 thousands, which is an increase by 45% compared to the respective period in 2016. (more…)

Aasa Global – April Newsletter

30.03.2017

mintosblog

Latvian Creamfinance nabs a €21m investment

30.03.2017

mintosblog

Capitec Bank invests €21M in European fintech Creamfinance

27.03.2017

mintosblog

Today, Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”). This round follows a €5 million in Series A investment from international venture capital fund Flint Capital. (more…)

Changes in the Board of AS “mogo”

16.03.2017

mintosblog

AS “mogo” informs, that effective from 15 March 2017, there are changes in the Board of the Company. The current Chairman of the Board Aleksandrs Čerņagins is being replaced by Edgars Egle. Aleksandrs Čerņagins will remain Member of the Board of AS “mogo”. (more…)

AgroCredit Latvia – Farming Loan Investments

10.03.2017

mintosblog

How to invest in the Latvian Agriculture Credit Market. (more…)

AS “mogo” audited financial statements for the 12 month period ended 31 December 2016

01.03.2017

mintosblog

AS “mogo” earns 3.0 million during the first twelve months of 2016.

CORRECTION: Unaudited financial statements 2016 have been added. The rest of the information is unchanged. (more…)

AgroCredit Latvia unaudited annual report 2016

01.03.2017

mintosblog

AgroCredit Latvia publish unaudited annual accounts for 12 months, 2016. (more…)

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