Capitalia, one of the first loan originators to join Mintos, offers business loans to small and medium-sized enterprises (SMEs), has entered into a partnership with the European Investment Fund (EIF) to provide a guarantee instrument to support small businesses in Latvia, Lithuania and Estonia, for a total amount of EUR 10 million. The European Investment Fund is an agency that was established by the European Investment Bank and European Union for the provision of financing to SMEs across the member countries. Read more
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,…
In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 2016.
On operating results
In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 2016. In the current period we achieved profit of EUR 36 thousand that more than covers losses of the previous financial year. We have managed to achieve a solid growth in the loan portfolio with total amount of EUR 4,881 thousand as of the end of the reporting year.
On key events
During year 2017 we have…
Added confirmation that the redemption of bonds is made in accordance with the issue prospectus. (more…)
The financial reports of Capitalia will be published on the following dates:
- Unaudited financial report for the year 2017 – until 28.02.2018;
- Audited financial report for the year 2017 – until 30.04.2018;
- Financial results for the first quarter of 2018 – until 30.04.2018;
- Financial results for the second quarter of 2018 – until 31.07.2018;
- Financial results for the third quarter of 2018 – until 31.10.2018.
Baltic business financing non-bank lender Capitalia has been with Mintos for more than two years. It might not be the largest loan originator on Mintos, but it certainly offers some of the most competitive interest rates to investors — up to 15%. With the company being among the first loan originators on Mintos to offer the opportunity to select loans according to risk categories, we felt it was the perfect moment to find out more about the company’s performance and plans for the near future, and invited Juris Grišins, CEO of Capitalia, for an interview. Read more
Capitalia now offers to invest in its loans by selecting them based on loan risk categories. This opportunity is available thanks to the new feature added to Mintos recently, which allows investors to see the loan scoring logic of the loan originator in more detail and select loans for investment accordingly. (more…)
In the second quarter of 2017 Capitalia reported total revenues of EUR 648 thousands (year-to-date), which is an increase by 52% compared to the respective period in 2016. (more…)
According to audited results the net losses of Capitalia for the year 2016 were EUR 11 576 – smaller by EUR 1 854 than reported in non-audited results for the same period. The difference is due to amendments in the provisions for the doubtful loans. (more…)