IPAS Indexo (hereinafter – INDEXO) expresses gratitude to each of the nearly 6,000 shareholders whose support on August 28th enabled the opening of a new bank that will challenge the stagnant traditions of foreign credit institutions dominating in Latvia. Special thanks to those who participated in the INDEXO IPO and/or the secondary share issuance last December, providing the necessary capital for the bank’s opening. INDEXO Bank is not only the first new bank to receive a license since Latvia joined the Eurozone but also the only credit institution owned by several thousand Latvian residents. 

With the commencement of operations of INDEXO’s subsidiary, INDEXO Bank, on August 28th, INDEXO shareholders who owned at least 50 company shares by January 10, 2024, will have access to a special shareholder offer upon registering with INDEXO Bank. 

The shareholder offer includes: 

• The INDEXO Bank "Shareholder" card with a unique design exclusively for shareholders and free delivery. 

• The "Zelts" bank plan free for 6 months, which includes free transfers, purchase insurance, 3x free cash withdrawals per month from any ATM, and the most favorable currency exchange fee for card purchases in other currencies. 

• Benefits from INDEXO partners: DELFI+ subscription free for 6 months; Investoru Klubs subscription free for 3 months; Wolt+ free for 1 month. 
   

Partners were chosen to match the lifestyle and interests of INDEXO shareholders. 

To receive the offered services, INDEXO shareholders must register in the INDEXO Bank app and activate the shareholder offer by September 30th this year. 

The INDEXO Bank mobile app is available on Google Play Store and Apple App Store. 

About INDEXO  

INDEXO is a financial services group that includes pension management companies and INDEXO Bank.  

INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia and is one of the fastest-growing pension managers in the Baltics, with over 136 thousand customers and more than 1.18 billion euros under management. Meanwhile, INDEXO Bank is a credit institution licensed by the European Central Bank, which will provide a full range of convenient and advantageous banking services to Latvian residents and, within the next 6-9 months, also to Latvian companies.  

INDEXO is founded and based in Latvia and is listed on the Nasdaq Riga stock exchange with nearly 6,000 shareholders. INDEXO fights for a better financial environment in Latvia, and the group’s goal is to strengthen the well-being of Latvian residents by providing modern, personalized services. Additional information is available at www.indexo.lv.  
 

Contact information: 
Ieva Bauma 
INDEXO Head of Marketing and Communications  
E: ieva.bauma@indexo.lv  
P: +371 28 636 789