The owner of the brand Banknote, SIA DelfinGroup, increases share capital to 4 million euro
SIA DelfinGroup, which operates in Latvia under the brands Banknote, VIZIA and Riga City Pawnshop, has decided to increase share capital to EUR 4,000,000 (EUR 4 million).
Riga, 2020-07-29 10:42 CEST --
On the July 28, 2020, the shareholders' meeting of SIA DelfinGroup approved increase in the company's share capital from EUR 1,500,000 to EUR 4,000,000. The share capital will be increased by diverting retained earnings from previous years. After share capitla increase current distribution between shareholders will be maintained. The changes will be registered in the Enterprises Register of the Republic of Latvia.
DelfinGroup’s vision is to achieve the highest recognition level on the basis of its management values: simplicity, accessibility, respect, progress, ambition, mastery and focus on the client.
Agris Evertovskis, Chairman of the Board, explains the reasons for the decision to increase share capital: “Our company has been operating for 10 years and during this time has experienced gradual, moderate growth from year to year throughout its existence. The company plans to continue it’s path by improving services, increasing market share, improving investor relations, and the logical next step that proves this is to increase share capital, thus strengthening the company's balance sheet.”
SIA DelfinGroup board member, executive director Didzis Ādmīdiņš, who is along others responsible for the consumer lending segment: “Our plans are to improve the attractiveness of the lending product for all customer categories. A strong financial position will help us to create and offer new products and improve existing ones, which will make our services even more convenient and profitable.”
"A significant increase in the company's share capital is a clear signal to our investors that we are thinking and planning for the long term. Our goal is to be competitive in attracting financing both on the stock exchange and on the peer-to-peer lending platform Mintos, ”explains Kristaps Bergmanis, a member of the company's board and financial director.
“For a significant part of the population, the pawnshop service is the most accessible source of additional financing for both daily and unforeseen expenses. In the regions, our branches are often the only financial institution in the city. Over the years, we have transformed the pawnshop loan into a modern, convenient and responsible service that primarily addresses the issue of financial availability, but at the same time promotes efficient use of resources by returning workable assets to secondary market, ”adds Ivars Lamberts, Commercial Director.
SIA DelfinGroup has issued bonds that have been listed on Nasdaq Riga stock exchange since 2014. The company's investors include both individuals and institutional investors from Latvia, Lithuania, Estonia and other countries.
The market share of the Banknote in pawnshop segment in Latvia exceeds 45% of the total market, in the consumer loan segment - 8%. In the company's branches it is possible to receive both a pawnshop service and a consumer loan service, that conditions for seniors are specially adapted. The company is also widely represented in the digital environment and is developing remote service provision - in the field of consumer loans and online store.
SIA DelfinGroup is a licensed consumer lending company founded in 2009. The Group is represented by the brands Banknote, VIZIA and Riga City Pawnshop. The Group's core services are consumer loans, distance loans and pawn broking loans. In total, the Group operates in 38 Latvian cities and populated areas, a total of 87 branches, employs more than 270 professionals and has paid 2.97 million euros in taxes for the year 2019. SIA DelfinGroup is a member of LAFPA and LTRK and has qualified for Gold level status of SRS cooperation program.
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