Capitalia audited annual report, 2016



Year 2016 for Capitalia has been growth focused period. Company entered Estonian market, as well as significantly increased its capacity of loan evaluation and servicing.


Key indicators for the financial year:

  • Turnover grew by 61% and reached EUR 946th;
  • Share capital increased to EUR 500th;
  • Successful entry in Estonian market with 63 clients by the end of the year;
  • Further bond issues made in 2016 and 2017 for the total volume of EUR 1,725th.


On operating results

Year 2016 for Capitalia group (further “Capitalia”) has been growth focused period. We have entered Estonian market, as well as significantly increased our capacity…

AgroCredit Latvia Corporate Governance Report for year 2016



Marupe, Latvia, 2017-05-02 08:28 CEST (GLOBE NEWSWIRE) — SIA AgroCredit Latvia publishes Corporate Governance Report for year 2016.

Corporate Governance Report.pdf


This news release was distributed by GlobeNewswire, – a Nasdaq company

Audited financial statements of SIA ExpressCredit for the year 2016



ExpressCredit Group’s turnover reached EUR 15,4 m and Group worked with net consolidated profit of EUR 0.96 m for the year 2015.

The Group’s operations during the period has been successful. In 2016 the new amendments to legislation came into force, which led to significantly lower interest rates on consumer loans. Consequently, in line with expectations, total revenues in the period fell by 14.8% against 2015 and reached 15 423 987 euro.

The Group’s strategy in year 2016 included the increase in loan portfolio and reduction of the cost base.

According to the strategy, substantial investments were made in the Group’s “Banknote”…

AS “mogo” interim condensed financial information for the 3 month period ended 31 March 2017



AS “mogo” earns 1.1 million during the first 3 months of 2017.

Turnover amounted to EUR 3.1 million (32% increase, compared to the same period in 2016), EBITDA reached EUR 1.8 million (55% increase, compared to the same period in 2016), net profit was EUR 1.1 million (122% increase, compared to the same period in 2016) and net profit margin was 35% (69% increase, compared to the same period in 2016).

As at 31 March 2017 gross value of the lease portfolio reached 28.1 million euro (5% increase, compared to 31 December 2016).

Interim Condensed Statement of Profit or Loss…

Capitalia unaudited interim consolidated financial statements for Q1, 2017



In the first quarter of 2017 Capitalia reported total revenues of EUR 293 thousands, which is an increase by 45% compared to the respective period in 2016. (more…)

Aasa Global – April Newsletter



Latvian Creamfinance nabs a €21m investment



Capitec Bank invests €21M in European fintech Creamfinance



Today, Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”). This round follows a €5 million in Series A investment from international venture capital fund Flint Capital. (more…)

Changes in the Board of AS “mogo”



AS “mogo” informs, that effective from 15 March 2017, there are changes in the Board of the Company. The current Chairman of the Board Aleksandrs Čerņagins is being replaced by Edgars Egle. Aleksandrs Čerņagins will remain Member of the Board of AS “mogo”. (more…)

AgroCredit Latvia – Farming Loan Investments



How to invest in the Latvian Agriculture Credit Market. (more…)