The Latvian financial sector group AS DelfinGroup provides an insight into selected operational data for the third quarter of 2021. In the third quarter, AS DelfinGroup issued new loans amounting to 15.3 million euros, 29% more than in the previous quarter and the highest in loan amount granted in one quarter in the company’s history. Among other things, the entire net loan portfolio reached an all-time high of EUR 35.8 million at the end of the third quarter, 32% more than at the end of the third quarter of 2020. This information is consistent with the description in the IPO prospectus of AS DelfinGroup and the company’s business objectives.
HOW DelfinGruppe Chairman of the Board of Directors Didzis dmīdiņš: “The company continues to grow steadily and successfully fulfills all goals of the long-term plans to reach the 51-million-euro loan portfolio by the end of 2022 and to exceed the 70-million-euro loan portfolio by the end of 2024. We have successfully diversified our risks so that we can continue to achieve good growth despite the uncertainty and limitations of COVID-19. In the past six months, the company’s total net loan portfolio has grown by around one million euros per month. While the loan portfolio at the end of the first quarter was 29.7 million euros, it is now almost 36 million euros. The assumed growth rate of the loan portfolio will enable us to safely achieve the planned earnings before taxes in 2022 of 8.7 million euros. ”
It is significant that the quality indicators of the consumer credit portfolio also improved particularly strongly this year. The proportion of so-called bad loans that are more than 90 days overdue has fallen to 3.6% of the total loan portfolio, which is also the best result in the company’s history. “At the same time, we are automating and digitizing existing services and introducing new ones. Among other things, we have developed a new one Banknote an application that gives customers a convenient overview of all payments and services offered. We are currently seeing the fastest increase in customer traffic in the digital channels. It is also worth mentioning our online shop for used goods, which promotes the circular economy. It also helps that we made the decision to become a public company and list the shares on the stock exchange Nasdaq Riga In the official Baltic list. HOW DelfinGruppe The recognition and interest of the people in our company have increased significantly ”, emphasizes D. Ādmīdiņš.
Subscription from AS DelfinGruppe Shares was launched on September 28th and will expire on October 11th (inclusive). The price of one share is 1.52 euros and there is no limit to the maximum subscription amount. The IPO prospectus is available on the website: https://www.fktk.lv/wp-content/uploads/2021/09/AS-DelfinGroup-IPO-prospectus-2021.pdf.
To subscribe for shares, investors must submit an application to their bank. Shares in the Baltic states can be subscribed to on stock exchanges Nasdaq Riga by members: LHV Bank, Swedbank, SEB, Luminor Bank, Citadele, Rietumu Banka, BlueOrange, Signet Bank, Siauliu Bankas, Sandinaviska Enskilda Banken, Nordea Bank and other members. The full list of members is available on the stock exchanges Nasdaq Riga a website: https://nasdaqbaltic.com/statistics/lv/members.
HOW DelfinGruppe It is planned to issue up to 8,395,000 shares as part of the initial public offering (IPO). The planned total number of shares in the company after the IPO is expected to be 48,395,000.
AS DelfinGruppe
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