Šīs tīmekļa vietnes satura kvalitātes uzlabošanai un pielāgošanai lietotāju vajadzībām tiek lietotas sīkdatnes - tai skaitā arī trešo pušu sīkdatnes. Turpinot lietot šo vietni Jūs piekrītat sīkdatņu lietošanai.
ExpressCredit financial results for 9 months of 2017
Emitents DelfinGroup, SIA (iepriekšējais nosaukums - ExpressCredit, SIA) (2138002PKHUJIMVMYB13)
Veids 3.1. Papildu regulētā informācija, kas ir jāatklāj saskaņā ar dalībvalsts tiesību aktiem
Valoda EN
Statuss Publicēts
Datums 2017-11-03 15:28:24
Versijas komentārs

ExpressCredit group's turnover for the nine months of 2017 reached EUR 13.5 million and the Group closed a period with consolidated unaudited profit of EUR 2.2 million


The Group has been successfully operating from 1 January 2017 to 30 September 2017. According to the plan, the total revenue compared to the corresponding period of the previous year has increased by 20.8%, totaling EUR 13 490 124.

The Group's Chairman of the Board, Agris Evertovskis comments on the 9-month results of 2017: "The Group's performance growth is significant compared to the 9 months of the previous year. The company's financial performance is currently the best in the company's history. In the third quarter, the company entered into a new agreement with a cooperation partner on the development of statistical analysis technologies with the aim to enhance the solvency assessment and raising the quality of loan portfolio."

The company informs that only 26% of new customer loan applications are approved, while for repeat customers it is 82%.

One of the goals of the company has always been to organized internal processes and high quality of process management. In order to assure this quality for investors and customers, the company's management team decided in the beginning of 2017 to conduct international ISO certification in accordance with ISO 9001: 2015 (quality management) and ISO 50001: 2012 (energy management system). In October 2017, the company was successfully certified for both of the above certificates.

In the 3rd quarter of 2017, the company continued to work on improvement and digitization of offered services, and the services with additional benefits will be offered to customers as of the fourth quarter of 2017.

The company continues to streamline its internal processes to ensure the operations according to expected changes in the Law on Anti Money Laundering and Combating the Financing of Terrorism, as well as adaptation of its activities according to General Data Protection Regulation, which will come into force on May 25, 2018.

By implementing business strategy and all planned activities the following financial results of the Group were achieved in 9 months of 2017:

Position EUR, million Change*  %
Net loan portfolio 16.5            +40.1
Assets  22.7            +41.7
Net profit 2.24            +340.9 

   * - Net loan portfolio and Assets compared to 31.12.2016. Net profit was compared against the corresponding period of 2016.

The Group's loan portfolio growth was financed from the profit, cooperating with the mutual lending platform, and during the 9 months of 2017 financing was raised by EUR 1,352,000 from closed issue bonds. Bonds were issued in 2016 for EUR 5 million with an annual return of 14%, organized by BlueOrange Bank. As of the end of the period, new bonds have been sold for a total amount of EUR 2 326 000.

SIA ExpressCredit submits unaudited interim consolidated financial statement of the 9 months year 2017.

SIA ExpressCredit submits investor presentation for the operational results of 3nd quarter of 2017.


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, pawn broking loans and money transfers in partnership with Western Union. In total, the Group operates in 39 Latvian cities and populated areas, a total of 93 branches, employs 279 professionals and has paid 2.3 million euros in taxes for the year 2016. SIA ExpressCredit is a member of LAFPA and LTRK.

         Kristaps Bergmanis
         Phone: +371 29144168
         Fax: +371 67809194
         E-mail address: kristaps.bergmanis@banknote.lv