Published: 2022-01-31 16:48:25 CET
Sun Finance Treasury Limited
Interim information

Sun Finance Group – Unaudited quarterly results (Q4, 2021)

Riga, 2022-01-31

During Q4’21 Sun Finance Group has delivered strong financial results across all metrics, significantly surpassing the prior year results in terms of loan issuance levels, revenues and profitability, allowing us to deliver our best year on record 

The Group recorded loan sales of €457m in 2021, exceeding the 2020 result of €311m by 47% and has seen increasing levels of issuance each quarter on quarter since Q2 of 2020

By earning revenues of €53m in Q4’21, the Group achieved total annual result of €203m, a remarkable increase of 67% compared to the year before

Our net portfolio has reached €96.5m (an increase of 27% vs 2020) driven by continuously growing our customer base and product offerings as well as working on portfolio quality improvements

As part of our expansion strategy, a strong focus was set on new product development during Q4’21, including the Buy Now Pay Later (BNPL) and installment loan product, expected to further enhance the Group’s growth path in forthcoming periods

Financial highlights

  • Loan volumes: €123m, an increase from €98m in Q4’20 (+25%)
  • Net portfolio: €96.5m, an increase of €20.7m (+27%) vs Q4’20
  • Cost/income ratio: 23.3%, a decrease of 70bps vs Q4’20
  • EBITDA: €20.8m, a 20% increase vs Q4’20 (€17.3m) and delivering 39% margin


About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in seven countries on three continents, with headquarters in Riga, Latvia. Sun Finance has more than 6 million registered customers and employs more than 1000 people, 148 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 10 years of experience in managing FinTech, financial and IT companies.


         Kaspars Sils
         Group Head of Investments
         +371 258 55773

Sun Finance_Q4_2021_bond report_vF.pdf