On March 20, 2019, SIA ExpressCredit has qualified for inclusion in the SRS In-depth Cooperation Program at Gold level of cooperation.

At the beginning of the year, after the initial assessment, SIA ExpressCredit qualified for the Silver level and accordingly prepared and introduced tax risk management procedures that ensured the acquisition of cooperation Gold level status.

According to the SRS data on March 20, 2019, 76 companies have qualified for the In-depth Cooperation Program Gold level, and SIA ExpressCredit currently is the only non-bank creditor among these companies. From financial institutions two Latvian commercial banks have also qualified for the cooperation Gold level.

The highest level of cooperation provides several advantages and facilitations for cooperation with the SRS. The highest level of the “In-depth Co-operation Program” received by SIA ExpressCredit is also in line with the company's vision – always strive for highest recognition.

In order to qualify for the cooperation Gold level, company must meet a number of criteria such as the deadlines for submitting reports and declarations have to be met during previous year and at the time of the assessment, the total annual tax revenue administered by the State Revenue Service has to be over € 700,000, the average monthly taxpayer's earnings at the workplace should be higher than the average wage in the country and tax risk management has to be implemented.

   __________________________________________________________________

SIA ExpressCredit is a licensed consumer lending company founded in 2009. The Group is represented by the brands "Banknote", "MoneyMetro" and "Riga City Pawnshop". The Group's core services are consumer loans, distance loans, pawn broking loans. The Group operates in 39 Latvian cities and populated areas, a total of 87 branches, employs more than 250 professionals and has paid 2.6 million euros in taxes for the year 2018. SIA ExpressCredit is a member of LAFPA and LTRK.

         Contacts:
         Kristaps Bergmanis
         Tālrunis: +371 29144168
         Fax: +371 67809194
         E-mail: Kristaps.Bergmanis@banknote.lv