February 4, 2021
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.
Ivars Lamberts, member of AS DelfinGroup Management Board: “DelfinGroup’s vision provides for a different approach if compared to banks. We will continue to develop our network of branches to make financial services in Latvia more inclusive and equally accessible to all social groups in all regions of the country. As regards the network of pawnshops operating under the brand of Banknote, it will become one of the most significant circular economy companies in Latvia. We undertake to actively promote environment friendly attitude towards purchased goods and things by providing an adequate infrastructure across the country to extend the lifecycle of goods. Our services will ensure that things and goods have an opportunity to get a second life and find new owners.”
12 years have passed since the establishment of DelfinGroup’s first company back in 2009. Originally, the company’s vision focused on rapid growth and achieving leading positions in the industry, which we achieved in a rather short period of time. Looking to the future, last year we started the organization of DelfinGroup – we have consolidated resources and strengthened our current positions. We have also set new and more ambitious goals for growth and investment. The European Union has also defined new goals by taking the lead in shaping environment policies and mitigating climate change effects. With its new vision, DelfinGroup is also committed to building a nature friendly environment and promoting inclusive society that is open to diversity and tolerant towards all social groups.
In 2020, a transition has started for DelfinGroup’s mother company, changing its status from a limited liability company to a joint-stock company. Also, in order to strengthen the foundations of the company’s corporate governance by forming a professional Supervisory Board, early this year DelfinGroup has organized an international contest to select independent members of its Supervisory Board. From now on, at least a half of the Supervisory Board members will be independent professionals to be elected at the shareholders’ meeting for a period of five years. It is planned that the new Supervisory Board will be approved at the shareholders’ meeting in the first quarter of 2021.
AS DelfinGroup is a licenced financial services company founded in 2009, which currently represents three brands - Banknote, VIZIA and Rīgas pilsētas lombards. The company employs 270 professionals at 90 branches located in 38 Latvian cities and towns. The estimated amount of taxes for year 2020 is EUR 3.42 million. DelfinGroup is a member of the Latvian Chamber of Industry and Commerce and has received the Gold level status within the cooperation programme of the Latvian State Revenue Service. The core services of the group include pawn loans, consumer loans, and senior loans, the terms of which are specially adapted for seniors. The bonds of DelfinGroup are traded on the Baltic First North bond list of Nasdaq Riga.
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