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calendar 2021

With support of AS DelfinGroup, free training will be provided for youngsters to increase their competitiveness in labour market

Already this week, with the support of the Latvian financial service company AS DelfinGroup, more than 200 young individuals from all over Latvia will start free training with the purpose to acquire new digital skills and increase their competitiveness in the labour market. The training course Learn the industry: digital marketing will take place in hybrid form, thus providing an opportunity to acquire knowledge for a wide group of interested people across Latvia. Read more

Trading of AS DelfinGroup shares starts on Nasdaq Riga Baltic Main List

As of Wednesday, 20 October shares of AS DelfinGroup, a Latvian financial services company, will be traded on Nasdaq Riga Baltic Main List. AS DelfinGroup is going to be one of the four Latvian companies with shares traded on the Baltic Main List. Read more

5,927 investors take part in AS DelfinGroup IPO – proceeds surpass EUR 8 million

AS DelfinGroup initial public offering (IPO) on Nasdaq Riga successfully closes. In total 5,927 investors participated, including 10 institutional investors. This is the largest ever IPO in Latvia in terms of investor activity. Demand reached 73% of the initial base offer (up to 7 300 000 shares) while EUR 8.09 million of gross proceeds were raised as a result of the IPO. Read more

Last chance to subscribe for AS DelfinGroup IPO shares

Thursday, the 14th of October, is the last day of subscription for AS DelfinGroup IPO shares on Nasdaq Riga. The offer price is EUR 1,52 per share and all proceeds of the IPO will be invested in the further growth of the company and to reduce the cost of funds for the company. The minimum subscription amount is 1 share, the maximum amount of shares per investor is not limited. Read more

FCMC approves amendments to the IPO prospectus of AS DelfinGroup

On 11 October 2021 Latvian Financial and Capital Market Commission (FCMC) has approved the supplements to the initial public offering (IPO) prospectus of the Latvian financial services company AS DelfinGroup. The prospectus was supplemented with current financial information on certain operational and financial indicators for the 3rd quarter of 2021. Prospectus Regulation (EU) 2017/1129 stipulates that after the publication of a supplement to a prospectus, investors who have already submitted a subscription undertaking for the offer shares prior to the publication of a supplement are given at least two working days to contemplate the new information and withdraw their subscription undertaking, if decided. Taking into account the mentioned requirement, AS DelfinGroup has made a decision to extend the IPO and to additionally provide an opportunity for new investors to submit a subscription undertaking within the IPO. Consequently, the IPO of AS DelfinGroup will close on October 14 (inclusive). Read more

AS DelfinGroup supplements its IPO prospectus

Consultations have been held with the Latvian Financial and Capital Market Commission (FCMC) as well as Nasdaq Riga in recent days on account of selected operational and financial indicator information published last week by the Company. It has now been decided to formally reflect these as inseparable components of the IPO prospectus. Read more

Recording of the AS DelfinGroup investor webinar on frequently asked questions about the ongoing IPO

On October 6, 2021 AS DelfinGroup organized Investor Conference Webinar. Read more

AS DelfinGroup issued loan volume grows by 30% in the 3rd quarter and hits all time high level

Latvian financial services company AS DelfinGroup provides a highlight of selected operational data for 2021 Q3. In Q3 AS DelfinGroup issued new loans in the amount of 15.3 MEUR which is a 29% increase compared to the previous quarter and is the all-time highest amount of loans issued in a single quarter. The net loan portfolio at the end of Q3 2021 also reached a record level in the company’s history – 35.8 MEUR, a 32% y-o-y increase. This information is consistent with the business description and operational targets indicated in IPO prospectus of AS DelfinGroup. Read more

There will be a webinar on frequently asked questions about the ongoing AS DelfinGroup IPO

AS DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on October 6, 2021 at 11:00 AM in English and at 1:00 PM in Latvian (EEST). To join the webinar please follow the instructions below. Read more

The Company Publishes the Report on AS DelfinGroup by LHV Bank

Currently subscription for AS DelfinGroup IPO shares is taking place on the Nasdaq Riga stock exchange. LHV Bank regularly writes reports on companies listed on the Nasdaq Baltic Exchange, providing institutional investors with an independent assessment of companies in the Baltic region, including financial forecasts. As of 4 October, the report about AS DelfinGroup made by LHV Bank is also available on the company's website in English: www.delfingroup.lv. Read more

Only One Week Left to Subscribe for AS DelfinGroup shares

Subscription for shares of the first Initial Public Offering (IPO) on Nasdaq Riga this year is nearly over – only 7 days left (until 11 October inclusive) to subscribe for AS DelfinGroup IPO shares. Price per offer share is EUR 1.52 and the minimum subscription amount per investor is 1 share. However there is no limit for the maximum amount of share subscription. Read more

Recording of the AS DelfinGroup investor conference webinar on the Initial Public Offering of shares (IPO)

On September 28, 2021 AS DelfinGroup organized Investor Conference Webinar. Read more

AS DelfinGroup goes public and launches Initial Public Offering on Nasdaq Riga

Latvian financial service company AS DelfinGroup launches initial public offering (IPO) on Nasdaq Riga on Tuesday, 28 September 2021. The offer period will last until 11 October. Private and institutional investors will have the opportunity to subscribe to 7,300,000 new shares. The company has an over-allotment option for additional 1,095,000 shares, hence, the total number shares in issue can reach 8,395,000. Price per offer share is EUR 1.52 and the minimum investment amount per investor is 1 share. Read more

AS DelfinGroup to host webinars for Latvian, Lithuanian and Estonian retail investors

Latvian financial service company AS DelfinGroup is going to be one of the first companies in the history of Nasdaq Riga to communicate with potential investors and hold almost all IPO related meetings online by means of modern technology. From 22 September to 11 October AS DelfinGroup will host both private and public investment webinars for retail investors in Latvia, Lithuania and Estonia. Webinars and interactive presentations will be facilitated by Nasdaq Riga, LHV Bank and other platforms. The purpose of these webinars is to encourage the residents of the Baltics states to invest in the local capital market, and inform retail investors about the initial public offering of AS DelfinGroup planned for this fall. Read more

AS DelfinGroup invites to investor conference webinar about the Initial Public Offering of shares (IPO)

AS DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on September 28, 2021 at 11:00 AM in English and at 1:00 PM in Latvian (EEST). To join the webinar please follow the instructions below. Read more

FCMC approves AS DelfinGroup IPO prospectus

The Financial and Capital Market Commission (FCMC) at its 21 September Supervisory Board meeting has approved the prospectus for initial public offering (IPO) of the Latvian financial service company AS DelfinGroup. The DelfinGroup IPO will be the first IPO of the shares on Nasdaq Riga since 2017. Read more

DelfinGroup received Latvian Corporate Governance award for the most successful selection of Supervisory board

Latvian financial service company AS DelfinGroup has received the 2021 Latvian Corporate Governance award for implementing sustainable good corporate governance practice in the company. Corporate Governance awards were presented by Corporate Governance Advisory Board (CGAB) for the first time to recognize the best governed companies in Latvia. AS DelfinGroup won the Corporate Governance award in the category of the most successful selection of a supervisory board. Read more

AS DelfinGroup shareholders approve IPO prospectus for submission to FCMC

On September 10 shareholders of the Latvian financial service company AS DelfinGroup approved the prospectus for an initial public offering (IPO). During the IPO, up to 8,395,000 new shares of the company will be issued. The IPO prospectus will be filed with Financial and Capital Market Commission (FCMC) for approval. Read more

DelfinGroup Plans to Grant Share Options to Employees as Part of a Long-Term Motivation Program

On September 9, 2021 the shareholders’ meeting of the Latvian financial services company AS DelfinGroup decided to issue up to 450, 000 shares as part of a long-term motivation program for the employees of the company. Read more

DelfinGroup will pay out EUR 0.43 million in dividends for the second quarter of 2021

On the 3 September 2021, the shareholder`s meeting of the Latvian financial service company AS DelfinGroup approved the financial results of the first half of 2021, and it was decided to pay out EUR 431 thousand in second-quarter dividends or EUR 0.011 per share. As a result, by the end of September 2021, the total dividends paid out this year will reach EUR 3.2 million or EUR 0.08 per share. It is expected that the quarterly dividends will be paid out by 30 September. Read more

AS DelfinGroup expands in regions by acquiring AS Moda Kapitāls pawn shop business

Latvian financial service company AS DelfinGroup is expanding in the Latvian regions and has signed a contract with AS Moda Kapitāls (the owner of the fourth largest pawn shop network in Latvia) to purchase the Moda pawn shop business by the end of 2021. AS Moda Kapitāls owns 25 pawn shop branches throughout Latvia. Among other things, the contract will involve the sale of the AS Moda Kapitāls pawn loan portfolio; hereafter AS Moda Kapitāls will specialise in the mortgage loan and consumer loan segments. The approximate price of the transaction is 950 000 euros, but the precise contractual amount will be determined once the transaction has been completed at the end of 2021. Read more

DelfinGroup increases support for the elderly by donating for the purchase of medical equipment throughout Latvia

Latvian financial service company AS DelfinGroup, in cooperation with its long-term partner the Association of Senior Communities in Latvia (Latvijas senioru kopienu apvienība - LSKA), is expanding its support for seniors throughout Latvia and placing special emphasis on the people in regions. The donations made this year will help to ensure the purchase of medical equipment in social care institutions in 15 cities of Latvia and to continue educating seniors in the areas of financial literacy and IT. Read more

AS DelfinGroup Invites to Its First Public Investor Conference Webinar on the financial results of the 6 month period of year 2021

AS DelfinGroup invites investors, mass media representatives and other stakeholders to join its investor conference webinar scheduled on August 20, 2021 at 10:00 AM (EEST). To join the webinar please follow the instructions below. Read more

AS DelfinGroup publishes financial targets for 2022

Latvian financial service company AS DelfinGroup announces the financial guidance for 2022, representing interim targets of previously announced long term targets for the year 2024. Financial targets set for 2022 foresee EBITDA to reach 12 million euros and profit before tax of 8.7 million euros. This announcement complements information about the long-term targets for year 2024 announced by the Company on 28 July 2021. Read more

Shareholders of the AS DelfinGroup have decided to set up the Risk and Audit Committee and appoint BDO ASSURANCE as the sworn auditor

On 9 August 2021, the shareholder meeting of AS DelfinGroup endorsed the decision to set up the Risk and Audit Committee. AS DelfinGroup Supervisory Board member Jānis Pizičs and independent Supervisory Board members Edgars Voļskis and Gatis Kokins were approved in shareholders' meeting to serve on the Committee for a period of three years. Read more

During the First Half-year, DelfinGroup Increases Revenue to EUR 11.9 Million

According to the non-audited results, during the first six months of 2021 the Latvian financial group AS DelfinGroup has increased its revenue to EUR 11.9 million or by 6.4% year on year. During the first six months, EBIDTA increased by 8.7% and reached EUR 4.6 million, while profit before taxes on dividends increased by 9% and reached EUR 2.3 million. The increased revenue was mainly facilitated by the growth of activity in online segments of consumer lending, retail of preowned goods and pawn shop loans. Dynamic growth in offline retail was limited by restrictions imposed due to the COVID – 19 pandemic. Read more

DelfinGroup has Hired a New Finance Director with International Experience in the Fintech Sector

AS DelfinGroup is expanding its management team in preparation for an initial public share offering (IPO) on the Nasdaq Riga Stock Exchange. Former Finance Director and Board Member, Kristaps Bergmanis, will focus on investor relations and the IPO process, and from now on the Finance Director’s duties will be carried out by financial industry professional, Aldis Umblejs. Read more

AS DelfinGroup publishes financial targets for 2024

Latvian financial services company AS DelfinGroup announces the financial targets for 2024. According to the plans, AS DelfinGroup looks to double the consolidated net loan portfolio by 2024, reaching 70 million euros. By increasing profitability, the Company plans to achieve profit before tax of 12.9 million euros in 2024. This announcement replaces any other forward-looking information provided by the Company. Read more

With a new branch in Valmiera, Banknote pawn shop network is expanding the availability of financial services in the Vidzeme region

Latvian financial service company AS DelfinGroup has opened a new branch of Banknote pawn shop network in Valmiera, at Cēsu iela 11, thus expanding the availability of financial services in regions. The new branch is a multifunctional point for the circulation of goods and services, where people can buy and sell pre-owned goods, as well as receive several types of loans. Read more

Banknote branches are highly evaluated in the competition “Latvia's Best Trader 2020”

This year Latvian financial services company AS DelfinGroup participated in the client service quality assessment competition “Latvijas Labākais tirgotājs 2020” (Latvia's Best Trader 2020) for the first time and received two winning titles in the store category. Read more

DelfinGroup issues new bonds in the amount of 5 million euros via private placement with a coupon rate of 9.75%

On July 9, 2021 Latvian financial service company AS DelfinGroup has successfully issued bonds via private placement in the amount of 5 million euros with an annual coupon rate of 9.75%. The nominal value of a bond is 1 000 euros and minimum subscription size was 100 000 euros. Despite the lowest coupon price in the history of the company the demand for bonds exceeded the size of the issue 1.85 times. Read more

DelfinGroup ranks in Silver category in the Sustainability Index

This year, Latvian financial services company AS DelfinGroup participated in the Sustainability Index evaluation for the first time and received a high evaluation in the first year of participation landing in the Silver category of the Index. Read more

DelfinGroup pays 1.5 million euros in dividends

On June 4 of this year, the shareholders' meeting of the Latvian financial service company AS DelfinGroup decided on the approval of the financial results for 2020 and the payment of dividends in the amount of 1.5 million euros. Read more

DelfinGroup prepares the first Environmental, Social, and Corporate Governance or ESG report

The Latvian financial service company AS DelfinGroup, in preparation for the initial public offering (IPO), as one of the few Latvian companies, has prepared the first Environmental, Social, and Corporate Governance (ESG) report for 2020. The report is created using the guidelines developed for the ESG reports of the Nordic and Baltic Nasdaq exchanges. Read more

Clarification on Indirect Changes in the Ownership Structure of the DelfinGroup’s Shareholder

At the end of April of this year, changes were made in the ownership structure of SIA L24 Finance, a shareholder of AS DelfinGroup, which currently are being registered. The Kesenfelds family’s company SIA ALI Investments has become indirect shareholder of SIA L24 finance. However, no changes have been made in the rest of the DelfinGroup’s shareholder structure. The Chair of the supervisory board and the company's largest shareholder Agris Evertovskis controls the company through SIA EC finance and SIA AE consulting, as well as 3.5% of the company is still owned by the DelfinGroup’s management team – the management board members. On 6 May in the Register of Enterprises of the Republic of Latvia are registered changes in the way how A. Evertovskis is exercising control in the AS DelfinGroup. Read more

Revenue of DelfinGroup in the first quarter reaches 6 million euros

The revenue of the Latvian financial service company AS DelfinGroup in the first three months of 2021 reached 6 million euros, and the net profit – 0.8 million euros. The loan portfolio reached 32 million euros, EBITDA increased by 21% to 2.5 million euros, and the profit before taxes reached 1.1 million euros, which is an increase of 6% compared to the first quarter of 2020. Read more

In 2020 the total revenue of DelfinGroup increased by 9% and the loan portfolio grew by 10%

In 2020, the consolidated audited total revenue of the Latvian financial service company AS DelfinGroup increased by 9% compared to the previous year, amounting to EUR 23.7 million. The loan portfolio increased by 10% last year, reaching EUR 34.7 million. EBITDA amounted to EUR 9.3 million, and consolidated net profit reached EUR 3.9 million. Meanwhile, profit before taxes increased by 9.1% last year and reached EUR 4.6 million. Read more

DelfinGroup will encourage people to think greener with branches of a new concept

Latvian financial services company AS DelfinGroup has developed a new concept for the pawnshop branches of Banknote brand to encourage people not to throw goods out, but to strive for a longer time of use and reuse of them. The first branch of the new concept has been opened in the Domina shopping centre in Riga. Read more

Gatis Kokins, Dr. Edgars Voļskis, Mārtiņš Bičevskis and Jānis Pizičs are joining DelfinGroup supervisory board

The meeting of shareholders of Latvian financial service company AS DelfinGroup has appointed new supervisory board members – financial, corporate governance and fintech experts Gatis Kokins, Edgars Voļskis, Mārtiņš Bičevskis and Jānis Pizičs. Current supervisory board chairman Agris Evertovskis will serve another five-year term. Read more

DelfinGroup Sees 45 Candidates From Seven Countries Apply to Become Supervisory Board Members in International Selection Process

A total of 45 candidates from seven countries—Estonia, Lithuania, Latvia, Croatia, Azerbaijan, Turkey and India—have applied to Latvian financial corporation DelfinGroup’s international selection process for the role of professional, independent supervisory board members. The highest number of applications from upper-level managers were received from applicants working in the banking, loans, auditing, IT, telecommunications, energy, logistics and real estate sectors. Read more

DelfinGroup plans IPO on Nasdaq Baltic Market

AS DelfinGroup, which operates in Latvia’s financial sector, plans to launch its initial public offering (IPO) of shares on the Nasdaq Riga stock exchange during 2021. The amount and price of shares to be issued will be publicised before the initial public offering is officially announced according to an offering prospectus approved by the regulator. AS DelfinGroup has recorded seven years of successful experience in issuing bonds on the Nasdaq Riga stock exchange and has cooperated successfully with thousands of investors, attracting financing on a P2P mutual lending platform. By attracting additional financing, AS DelfinGroup aims to strengthen its position as market leader and develop new and innovative consumer lending products for various social groups. With its new financial technology solutions, the company plans to further develop its consumer lending business in order to compete even more successfully in the segment, including competition with traditional banks. Read more

The case initiated by DelfinGroup helps to bring clarity to the non-banking financial sector

On 28 January 2021, the Department of Administrative Cases of the Senate of the Republic of Latvia (Senate) issued the judgment SKA-68/2021 in an administrative case initiated on the basis of an application of AS DelfinGroup (formerly SIA ExpressCredit) for a Consumer Rights Protection Center (PTAC) annulment of the 2016 and 2017 decisions in part (Judgment). Read more

DelfinGroup signs a cooperation agreement with Association of Senior Communities in Latvia

Latvian financial service provider DelfinGroup has signed a cooperation agreement with the Association of Senior Communities in Latvia, committing to continue supporting various activities for the elderly in Latvia in 2021. The purpose of the cooperation is to facilitate a more inclusive society in Latvia, specifically, helping the elderly attain the nowadays crucially required skills of using modern technologies. The cooperation agreement covers the organizing of seminars about general IT skills, online payment security, using online programs such as ZOOM, MS Teams, as well as a variety of other digital skills. Read more

DelfinGroup announces dividend payment of EUR 1,3 million

On March 3, 2021, the Shareholders' Meeting of AS DelfinGroup approved a decision on the pay out of quarterly dividends in the amount of EUR 1,3 million after tax. Dividends will be paid until 31 March 2021 and in compliance with the terms and conditions of the debt securities issues LV0000802213, LV0000802379 and LV0000802429. Read more

DelfinGroup opens 4 new branches in Riga, pursues expansion in regions

Over the last quarter, Latvian financial service company opened four new branches in Riga - on Avotu street 25, Juglas street 45, Centrāltirgus street 3 and Deglava street 20. As a result, the group’s pawnshop network Banknote has grown to 91 branches all over Latvia. Read more

DelfinGroup unaudited financial results for the year 2020

The unaudited consolidated turnover of DelfinGroup for 12 months of 2020 amounted to EUR 23.6 million, the loan portfolio reached EUR 34 million, and EBITDA increased to EUR 9.5 million. Read more

DelfinGroup is reorganizing three of its subsidiaries

Riga, 2021-02-19 09:21 CET -- DelfinGroup, which operates in Latvia’s financial sector, has decided on reorganization and redistribution of functions at three of its subsidiaries – SIA Banknote commercial properties, SIA Refin and SIA ExpressInkasso. From now on, their functions will be fulfilled by the parent company, DelfinGroup. Read more

DelfinGroup Changes its Vision to Focus on Environment Friendly and Financially Inclusive Business

In the process of reorganisation, DelfinGroup, which operates in Latvia’s financial sector, has also changed its vision of further development and growth. Now the group is committed to empowering more people via financial inclusion to foster sustainable development of the community and wider economy. Previously, the group’s vision was to achieve the highest recognition level. Read more

DelfinGroup becomes a joint-stock company

Riga, 2021-01-19 14:27 CET -- DelfinGroup, which operates in Latvia’s financial sector, has completed the process of reorganization by changing its legal status from a limited liability company to a joint-stock company. The share capital of AS DelfinGroup is EUR 4 million and consists of 40 million shares, the value of each share being EUR 0.10. Read more

DelfinGroup to choose independent members of supervisory board in international search

Riga, 2021-01-07 15:57 CET -- Latvian financial group DelfinGroup will organize an international search to attract professional and independent members of supervisory board. This is a unique event in Latvia’s business environment and private sector, which may become in the future a new standard for those companies that really care about the implementation of the highest governance principles in managing local businesses in line with the recommendations of the OECD, Nasdaq Riga and the Baltic Corporate Management Institute. Read more
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