INDEXO Bank plans to launch mortgage lending in the first quarter of next year
AS INDEXO Bank (hereinafter – INDEXO Bank) plans to start mortgage lending to individuals in the first quarter of next year. Meanwhile, the servicing of small and medium-sized enterprises is planned to begin in the last quarter of next year. Currently, the bank is actively working on attracting new clients and regularly enhancing the bank's functionality in the mobile app, which is the main channel of interaction with clients.
By the end of the year, the bank plans to introduce a regular payment function and a second pillar pension savings report in the mobile app, making the management of payments and pension savings even more convenient. Additionally, in the first quarter of next year, Google and Apple Pay functions as well as family accounts are planned to be introduced.
"The initial range of services offered by INDEXO Bank has already received great feedback and positive customer evaluations. However, this is just the beginning, and the range of services provided is expanding every month. Similar to pension management, in the coming years, we aim to disrupt the Latvian commercial banking market, showing that banking services can be more, better and more convenient. For individuals, one of the most significant banking services is the home loan. We are currently working to surprise our clients at the beginning of next year with the simplicity, convenience and additional options of the home loan refinancing process," says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank.
As of November 19, just under three months since the bank began operations, the number of clients exceeds 16,000, and entrusted deposits amount to over 23 million 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 and is one of the fastest-growing pension managers in the Baltics, with over 140 thousand customers and more than EUR 1.3 billion under management. Meanwhile, INDEXO Bank is a credit institution licensed by the European Central Bank, which will provide a full range of convenient and advantageous banking services to Latvian residents, with plans to start serving Latvian companies in the second half of next year.
INDEXO is founded and based in Latvia and is listed on the Nasdaq Riga stock exchange with nearly 6,000 shareholders. INDEXO fights for a better financial environment in Latvia, and the group’s goal is to strengthen the well-being of Latvian residents by providing modern, personalized services. Additional information is available at www.indexo.lv.
Contact information:
Ieva Bauma
INDEXO Head of Marketing and Communications
E:ieva.bauma@indexo.lv
P:+371 28 636 789
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