SIA DelfinGroup expands its network of Banknote branches by opening a new location in Riga, Juglas Street 45. The Juglas Street branch will be one of the 39 branches in Riga, but in total, with the opening of the new branch, there will be 88 branches in Latvia. Jugla has developed significantly in recent years, becoming a sought-after residential area. The short distance to the city center and the developed public transport infrastructure mean that the population of Jugla is increasing.

Didzis Ādmīdiņš, CEO and Member of the Board of SIA DelfinGroup, comments: “One of the company's success stories is our branch network, which has been developed over the years, focusing on branches in top locations in populated areas with over 7,000 inhabitants. We are continuing to develop this network, and the opening of a new branch is a confirmation to that. There are plans to open another 10 branches in Latvia in places that have long been identified, but it is our intention overt time to work on acquisition of the best locations with an appropriate cost structure, which would continue to ensure the company's organic growth. ”

Delfingroup creates and delivers customized financial solutions for people, focusing on an inclusive, environmentally friendly and socially responsible service. Banknote branch network has been developed with the aim of facilitating easy access to and availability of our services - thus facilitating the inclusion of the entire society with essential financial services that are accessible to the widest possible range of people. DelfinGroup has developed a special Banknote Senior loan for seniors on especially favorable terms. The new branch will serve the purposes of Delfigroup's financial inclusion and will be available to all residents of the Juglas Street area and those customers who move around Juglas Street on a daily basis.

Ivars Lamberts, Commercial Director of SIA DelfinGoup and Member of the Board responsible for the Banknote branch network, comments: “The opening of a new branch will expand the number of neighborhoods in Riga where we have improved access to financial services used by a significant part of society. The expansion of the branch network is in line with DelfinGroup's strategic goal - to raise public awareness of the importance of the circular economy. By making Lombard branches an exchange point for little-used but expertly tested and refurbished electrical goods, we ensure a longer life cycle, efficient use of resources and environmentally friendly operations.”

Banknote branches stands out with a well-thought-out and modern design, which provides a full range of services - valuation and purchase of equipment and valuables, loan against collateral and also application for a consumer loan. The branch also has a wide range of little-used, inspected and refurbished items. The offer includes both gold items and electronics. Branches are equipped to comply with COVID 19 safety considerations.

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SIA DelfinGroup is a licensed consumer lending company, founded in 2009. The Group represents such brands as Banknote, VIZIA and Riga City Pawnshop. Delfingroup creates and delivers customized financial solutions for people, focusing on an inclusive, environmentally friendly and socially responsible service. The Group's core services are pawnbroking loans, consumer loans, as well as senior loans, the terms of which are specially adapted for senior consumers. The Group operates in 38 Latvian cities and towns with a total of 88 Banknote branches, and the company is also represented in the digital environment with remote service provision - in the field of consumer loans and an online store. The company employs more than 270 professionals and paid 2.97 million euros in taxes in 2019. SIA DelfinGroup is a member of LTRK and has received the Gold level status of the SRS cooperation program.

         Kristaps Bergmanis
         Phone: +371 29144168
         E-mail address: kristaps.bergmanis@delfingroup.lv