In February of this year, AS INDEXO Bank maintained a rapid pace of development, increasing the number of clients by 4.8 thousand, reaching a total of 28.6 thousand. The volume of new loans issued this month reached 2.1 million euros, and the total loan portfolio at the end of the month was 4.2 million euros. Additionally, the volume of client deposits increased by 5 million euros during the month, reaching 42.8 million euros at the end of February. Interest on deposits paid to clients in February alone amounted to 86.6 thousand euros. 

"I am particularly proud that in February, our consumer loan portfolio grew by 1.9 million euros, setting a new monthly record, and the number of clients increased by 4.8 thousand, marking the second highest monthly increase since the bank's inception," said Valdis Siksnis, Chairman of the Management Board of AS INDEXO Bank. 

At the end of February, the number of INDEXO pension clients increased to 143.717, and assets under management was 1.38 billion euros. 

About INDEXO  

INDEXO is a financial services group that includes pension management companies and INDEXO Bank.  

INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia. It is one of the fastest-growing pension managers in the Baltics, with over 143 thousand customers and more than EUR 1.4 billion assets under management.       

INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 28.9 thousand clients, with total client funds amounting to EUR 43.5 million and EUR 4.4 million in issued consumer loans.      

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with nearly 6,000 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services.  For more information visit www.indexo.lv.