ExpressCredit appoints new member of the Board

12.01.2018

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As of 11/01/2018 the Enterprise register of the Republic of Latvia has registered changes in the charter of SIA ExpressCredit with respect to changes in the composition of the Board. Newly elected Board member Ivars Lamberts will join the present acting management Board, consisting of Agris Evertovskis, Didzis Ādmīdiņš and Kristaps Bergmanis.

Ivars Lamberts started to work at SIA ExpressCredit in May 2015 and since then has worked in the position of Chief operations director. Before joining SIA ExpressCredit Ivars Lamberts worked in management positions in several service oriented companies. Ivars Lamberts holds MSc degree in Business administration and BSc degree in…

ExpressCredit decreases bond nominal value for EUR 250 000

28.08.2017

mintosblog

According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/08/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 250.

According to bond issues prospectus ISIN LV0000801280, 5 000 bonds were issued with an original nominal value of 1 000 euros. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment of the nominal value.

SIA ExpressCredit financial results for first half year 2017

07.08.2017

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SIA ExpressCredit Group’s turnover for the 1st half of 2017 reached EUR 8.7 m and Group worked with unaudited net consolidated profit of EUR 1.44 m.

The Group’s operations during the period from 1 January to 30 June 2017 has been successful. In line with plans, total revenue for the period was up by 25.4% against the 2016 respective period and reached 8 718 678 euro.

Agris Evertovskis comments on 2017 1st half year results: “The growth of the Group’s performance in comparison with the previous half-year is significant. The company’s financial position and operating results are the best…

About publishing SIA ExpressCredit financial reports

21.06.2017

mintosblog

Information about publishing SIA ExpressCredit financial reports for 2017, in accordance with AS Nasdaq Riga rules On Listing and Trading of Financial Instruments in the Markets Regulated by the Exchange, is summarized below.

Non-audited interim condensed consolidated reports will be published as follows:

6-month report – from 28.07.2017 till 04.08.2017;

9-month report – from 27.10.2017 till 03.11.2017;

12-month report – from 19.02.2018 till 26.02.2018.

ExpressCredit unaudited consolidated interim financial statements for 12 month of the year 2016

01.03.2017

mintosblog

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 13.2% against 2015 and reached 15 081 843 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” product and brand awareness. During the period a new consumer credit brand “MoneyMetro” was developed and implemented in three branches of the Group….

ExpressCredit decreases bond nominal value for EUR 250 000

27.02.2017

mintosblog

According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 27/02/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 350.

According to bond issues prospectus ISIN LV0000801280, 5 000 bonds were issued with an original nominal value of 1 000 euros. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment of the nominal value.

This news release was distributed by GlobeNewswire, www.globenewswire.com – a Nasdaq company

ExpressCredit boost revenues by 25% and issues bonds worth 5 million euro

26.10.2016

mintosblog

SIA ExpressCredit operates under the brands Banknote and Rīgas pilsētas lombards has reached the greatest performance indicators of all times in the 3rd quarter of 2016. Amount of the consumer credits provided by the company has reached EUR 8.33 million in the 3rd quarter representing 26% over the indicator of the relevant period in 2015. Along with the increase of amount of the granted loans, amount of revenue reached EUR 3 million in the 3rd quarter representing 5% over the indicator of the relevant period in 2015 and 25% over the indicator of the 1st quarter of 2016.

Agris Evertovskis, Chairman…