On Mintos, you can now invest in loans issued in 23 countries on five continents around the world. This means you have the opportunity to effectively diversify your investment portfolio and increase your chances of success. However, it can also be daunting to have so many options to choose from and know which investment geographies are right for you. To help you make a more informed decision, we present the second article of our country overview series on Mintos, taking a look at Latvia. You can read the first article in this series, which focused on Poland,…
|2017 was a year of a stable growth for AgroCredit Latvia. At the end of the season (July) the total credit portfolio exceeded 7 mEUR, which was all time highest result for the company. The total revenue grew by 14% and also the profitability rose significantly.
The accruals for the debtors were raised by 50 tEUR mathing the demand of Accrual making policy of the company.
As the amount of credit resources attracted through bond emmission was raised and more expensive financing replaced, the self-cost of credit resources was decreased. The cooperation with AS Citadele banka was developed as well.
SIA AgroCredit Latvia will publish its financial statements:
1. Unaudited annual report for 2017 in february 24 till 28;
2. Audited annual report for 2017 in April 24 till 28;
3. Midterm report for 6 m, 2018 in August 28 till 31.
|Marupe, Latvia, 2017-05-02 08:28 CEST (GLOBE NEWSWIRE) — SIA AgroCredit Latvia publishes Corporate Governance Report for year 2016.|
Corporate Governance Report.pdf
How to invest in the Latvian Agriculture Credit Market
AgroCredit Latvia has been operating since 2011 as a non-bank lender that issues Latvian farmers loans secured with grain sale contracts. Our primary product offered is seasonal financing for current assets, which is repaid at the end of each farming season, after grain sales are completed. Fixed future grain delivery contracts serve as collateral for loans.
Our credit portfolio achieved close to EUR 7 million at the end of last season. Customers are local Latvian farmers, who operate their farms for a longer run and are known to AgroCredit and/or our partners.
AgroCredit Latvia publish unaudited annual accounts for 12 months, 2016.
In 2016 the company was continously growing, showing gradual and well balanced development trend. The share capital of the company was raised by 1/3rd and that allowed to acquire additional financial resources from outer investors and thus grow the credit portfolio. The total credit portfolio achieved nearly 6 mEUR by the end of the seeding season.
In the middle of 2016 the company emitted bonds and later in August started the quotation in Nasdaq Baltic stock exchange. It helped not only to raise additional funds for the business but helped to…
AgroCredit Latvia has received the announcements from related person of management person of the company regarding the transacion of the bonds. Please find more detailed information attached.