In 2016 AS Capitalia group increased the total turnover to EUR 946 415, which is 65% higher than for the corresponding period of the previous year. Company reported small consolidated losses while the total assets grew to EUR 3 603 370.
Year 2016 in the development of Capitalia can be seen as growth focused period. We have successfully entered new geographic market – Estonia, as well as significantly improved our capacity in loan evaluation and servicing. During this period we have learned many interesting lessons with regards to organizational structure, lending policy and as well as client acquisition. I can…
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 27/02/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 350.
According to bond issues prospectus ISIN LV0000801280, 5 000 bonds were issued with an original nominal value of 1 000 euros. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment of the nominal value.
Capitalia has made additional issue of bonds and thus concluded emission of NASDAQ Baltic stock exchange listed bonds with the total value of EUR 3 million. As of now Capitalia has active bond issues for the amount of EUR 3.5 million. Newly attracted financing will allow Capitalia to increase financing to small and medium sized businesses in the Baltic States, as well as to develop new products.
“Investors have shown great interest to invest in our company not just because of attractive investment returns, but also because their financing would support and grow small businesses in the Baltic countries. Small…
On 19th January, 2017 SIA ExpressCredit has made a contribution in Bulgarian 100% subsidiary’s share capital in the amount of EUR 500 000. The subsidiary has been established to obtain authorization for lombard and consumer lending activities. The Company has not yet decided on a specific start-up time and volume.
ExpressCredit increases by 10% performance indicators in 4th quarter and provides presentation for bond investors
ExpressCredit and its daughter company SIA MoneyMetro (operates under the brands “Banknote”, “Rīgas pilsētas lombards” and “MoneyMetro”) in 4th quarter of 2016 has outperformed the 3rd quarter all times greatest perfomance indicators. Amount of the credits provided by the company has reached EUR 9.24 million in the 4rd quarter representing 11% over the indicator of the 3rd quarter of 2016, reaching previously forecasted EUR 33 million yearly issuance targets. Along with the increase of amount of the granted loans, amount of revenue reached EUR 3,3 million in the 4rd quarter representing 10% over the indicator of the 3rd quarter…
On 29 December, 2016 ExpressCredit shareholders meeting approved decision to increase share capital from 426 861 EUR to 1 500 000 m EUR. Share capital was increased transferring previou
Agris Evertovskis, Chairman of the Board of the Company, comments on share capital increase: “Share capital increase justifies the shareholder will to strengthen share capital base and finance further growth of the Company”.
On 30 December, 2016 Enterprise register of the Republic of Latvia has registered changes in the charter and…
Unaudited financial report for the year 2016 – until 28.02.2017;
Audited financial report for the year 2016 – until 30.04.2017;
Financial results for the first quarter of 2017 – until 01.05.2017;
Financial results for the second quarter of 2017 – until 31.07.2017;
Financial results for the third quarter of 2017 – until 31.10.2017.
Audited Annual Report for 2016 will be published on 28 February, 2017.
Unaudited interim condensed financial information for the 3 month period ended 31 March 2017 will be published on 28 April, 2017.
Audited interim condensed financial information for the 6 month period ended 30 June 2017 will be published on 31 August, 2017.
Unaudited interim condensed financial information for the 9 month period ended 30 September 2017 will be published on 31 October, 2017.