Latvia: a fast-growing alternative finance industry

12.06.2018

mintosblog

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,…

Capitalia unaudited interim consolidated financial statements for year 2017

28.02.2018

mintosblog

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…

Notice on redemption of bonds

22.12.2017

mintosblog

Added confirmation that the redemption of bonds is made in accordance with the issue prospectus.

Capitalia announces that it will redeem 750 of its bonds with ISIN LV0000801488 on December 29, 2017. Before redemption, total number of the outstanding bonds is 3,000. These bonds that are repurchased from the secondary market are redeemed based on the section 5.10 of the bond prospectus.

Financial calendar of Capitalia, 2018

21.12.2017

mintosblog

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.

LO Spotlight: Interview with CEO of Capitalia

29.11.2017

mintosblog

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

Now you can select Capitalia loans by risk categories

28.11.2017

mintosblog

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.

Capitalia is the most experienced non-bank small and medium business loan provider in the Baltics. The company has seven loan risk categories that investors can choose from. Risk categories link the expected annual bad debt rate with the interest rate offered to investors on Mintos:

Capitalia unaudited interim consolidated financial statements for Q3, 2017

24.10.2017

mintosblog

Capitalia unaudited interim consolidated financial statements for Q2, 2017

27.07.2017

mintosblog

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.

On operating results

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. In the current period we achieved profit of EUR 41 thousands that more than covers losses of the previous financial year. We have managed to achieve a solid growth in the loan portfolio with landmark figure of EUR 5m loan…

On differences in audited and non-audited financial statements for year 2016

17.05.2017

mintosblog

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.

On differences in statements

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.

On Capitalia

Capitalia is the largest non-bank lender to…

Capitalia audited annual report, 2016

10.05.2017

mintosblog

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…

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