AS INDEXO Bank (hereinafter referred to as INDEXO Bank) has attracted more than 10,000 customers in its first month of operation since August 28. In comparison, for the pension management company IPAS INDEXO, which currently has over 137,000 clients, it took more than a year to attract its first 10,000 customers. 

At INDEXO Bank, all customer applications are submitted through the new bank's mobile app, and it is currently evident that the proportion of Apple users slightly exceeds that of Android platform users among INDEXO Bank's clients.  

“The first month has been very successful for INDEXO Bank in terms of customer acquisition. The highest customer activity, of course, was seen during the first few days of operations, but the inflow of new customers continues even now. It is too early to draw conclusions about specific user habits or customer profiles. We see that some customers are transferring their salary payments to INDEXO Bank, others are actively using payment cards, and others are appreciating the advantages of our savings products. In the coming weeks and months, we will continue to improve our mobile app and expand the range of available services. Our clients will experience the first enhancements as early as October,” says Valdis Siksnis, Chairman of the Management Board and one of the founders of AS INDEXO Bank. 

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 137 thousand customers and more than 1.21 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