ExpressCredit decreases bond nominal value for EUR 250 000

24.05.2017

mintosblog

According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/05/2017 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 300. (more…)

On differences in audited and non-audited financial statements for year 2016

17.05.2017

mintosblog

According to audited results the net losses of Capitalia for the year 2016 were EUR 11 576 – smaller by EUR 1 854 than reported in non-audited results for the same period. The difference is due to amendments in the provisions for the doubtful loans. (more…)

SIA ExpressCredit 1st quarter 2017 financial results

11.05.2017

mintosblog

SIA ExpressCredit Group’s turnover for the 1st quarter 2017 reached EUR 4,2 m and Group worked with unaudited net consolidated profit of EUR 0.68 m.

The Group’s operations during the period from 1 January to 31 March 2017 has been successful. In line with plans, total revenue for the period was up by 31.3% against the 2016 respective period and reached 4 263 619 euro.

Agris Evertovskis comments on 2017 1st quarter results: “Group has achieved significant growth in the loan portfolio and revenue. The main thing I want to note is that this growth is of good quality, sustainable and…

Capitalia audited annual report, 2016

10.05.2017

mintosblog

Year 2016 for Capitalia has been growth focused period. Company entered Estonian market, as well as significantly increased its capacity of loan evaluation and servicing.

 

Key indicators for the financial year:

  • Turnover grew by 61% and reached EUR 946th;
  • Share capital increased to EUR 500th;
  • Successful entry in Estonian market with 63 clients by the end of the year;
  • Further bond issues made in 2016 and 2017 for the total volume of EUR 1,725th.

 

On operating results

Year 2016 for Capitalia group (further “Capitalia”) has been growth focused period. We have entered Estonian market, as well as significantly increased our capacity…

AgroCredit Latvia Corporate Governance Report for year 2016

02.05.2017

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Marupe, Latvia, 2017-05-02 08:28 CEST (GLOBE NEWSWIRE) — SIA AgroCredit Latvia publishes Corporate Governance Report for year 2016.

Corporate Governance Report.pdf

 

This news release was distributed by GlobeNewswire, www.globenewswire.com – a Nasdaq company

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

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