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AS DelfinGroup results for Q1 2022

During the Q1 2022 AS DelfinGroup continued growth in the consumer lending segment by issuing EUR 11.5 million in new loans that is 73% more compared to the same period in 2021. In March, new consumer loans were issued in the amount of EUR 4.6 million, which is the best result in the company’s history.


The easing of Covid-19 restrictions had a positive impact on the pawn loan segment. During the first quarter of this year AS DelfinGroup issued new pawn shop loans in the amount of EUR 3.6 million which is 30% more than in the first quarter of 2021. It is expected that the lifting of restrictions on the number of store visitors from 1 April this year will have a positive effect on the issuance of pawn loans in the company’s branch network in the following periods.


Stable growth is also observed in the sale of pre-owned goods, where sales grew by 8% compared to the Q1 of 2021, reaching EUR 2.5 million.


  Q1 2022 Q1 2021 Change %
Consumer loan issuance
(‘000 EUR)
11 513 6 647 +73%
Pawn loan issuance
(‘000 EUR)
3 606 2 783 +30%
Total loan issuance
(‘000 EUR)
15 119 9 403 +60%
Sale of pre-owned goods
(‘000 EUR)
2 475 2 289 + 8%


Positive sales results ensure a stable growth of the loan portfolio, which brings AS DelfinGroup closer to achieve its long-term strategic goals for 2024.


About AS DelfinGroup

AS DelfinGroup is a licenced technology-based financial services company that was established in 2009 and operates under the brand names Banknote and VIZIA. The company continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), as well as sale of pre-owned goods both online and at more than 90 branches across Latvia. On average, 35 thousand loans are issued every month and serviced by the professional team of more than 270 AS DelfinGroup employees. The company has a total of over 400,000 registered customers. Since 2014, AS DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and since 2021 as a share issuer on the Baltic Main List. The company’s IPO in 2021 attracted almost 6000 new shareholders. The company regularly pays dividends to its shareholders. In 2021, the company's net loan portfolio grew to EUR 43 million, while its EBITDA reached EUR 10.2 million, with profits before income tax for dividends EUR 5.2 million. The company’s sustainability is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion and facilitating the circular economy. The company has been profitable every year since 2010.


For further information, please contact:
Aldis Umblejs,
AS DelfinGroup Chief Financial Officer
Phone: +371 26189988
E-mail: [email protected]

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