ExpressCredit financial results for 9 months of 2017

06.11.2017

mintosblog

ExpressCredit group’s turnover for the nine months of 2017 reached EUR 13.5 million and the Group closed a period with consolidated unaudited profit of EUR 2.2 million

The Group has been successfully operating from 1 January 2017 to 30 September 2017. According to the plan, the total revenue compared to the corresponding period of the previous year has increased by 20.8%, totaling EUR 13 490 124.

The Group’s Chairman of the Board, Agris Evertovskis comments on the 9-month results of 2017: “The Group’s performance growth is significant compared to the 9 months of the previous year. The company’s financial…

MoneyMetro loans issued in Latvia now available on the Mintos marketplace

16.08.2017

mintosblog

The Mintos marketplace now features consumer loans issued in Latvia by MoneyMetro. The company is fully owned by ExpressCredit Group, the leading consumer financial services chain in Latvia, which already places consumer loans issued under the Banknote brand on the Mintos marketplace.

MoneyMetro loans placed on the Mintos marketplace will average EUR 400 and have a repayment term of 12 months. The annual net return to investors is expected to reach 11.5%.

The loans will be supplemented with a buyback guarantee covering loans delinquent for more than 60 days. The obligations of MoneyMetro will be guaranteed by ExpressCredit Group. To retain…