On October 31, 2025, IPAS “Indexo” received notification on loss of a significant holding from Valdis Siksnis, Chairman of the Management Board of AS INDEXO Bank and shareholder of IPAS INDEXO.   

Detailed information is included in the attached document.       

About INDEXO Financial Services Group     

INDEXO is a financial services group that includes pension management companies IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, IPAS VAIRO, and INDEXO Bank.     

The group’s pension management companies offer modern 2nd and 3rd pillar pension plans in Latvia. More than 157,000 clients have entrusted the management of their pension savings to the group, totaling over €1.5 billion.     

INDEXO Bank, a credit institution licensed by the European Central Bank, serves more than 44,000 clients, with total client funds amounting to €55.6 million and a loan portfolio of €35.8 million.     

Founded and based in Latvia, INDEXO is a publicly listed company on the Nasdaq Riga stock exchange with over 7,100 shareholders. The company’s mission is to advocate for a better financial environment in Latvia and to enhance the well-being of its residents by providing modern and personalized financial services.     

More 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