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We are in close contact with the lending companies on Mintos. As the effects of the COVID-19 pandemic continue influencing businesses and people globally, companies are working to modify, adjust and put in place different solutions that will ease the effects of the pandemic.
Many companies are sharing announcements for their clients and investors, and we will be adding these announcements here, with updates over the next days.
AgroCredit Latvia is a non-bank lender which specializes in the agricultural sector.
To Mintos investors, AgroCredit offers agricultural loans with a 6% interest rate. This is a relatively high rate to provide great risk-adjusted returns (the sector of operations is in a low-risk, secure loan segment and the company is the sector leader in the country). At the same time, such returns are reasonable enough to provide a sufficient gross margin for AgroCredit given their APR and the fact that they offer buyback guarantees with all their loans. …
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. (more…)
AgroCredit Latvia publish unaudited annual accounts for 12 months, 2016. (more…)
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. (more…)