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Sanita Zitmane appointed to the Management board of AS DelfinGroup

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Sanita Zitmane, an experienced fintech manager, has begun working as a member of the Management board of the Latvian financial services company AS DelfinGroup, replacing Ivars Lamberts. Changes in the composition of the Management board have been registered with the Enterprise Register on 1 March 2022. Didzis Ādmīdiņš will continue as the Chairman of the Management board of AS DelfinGroup and Aldis Umblejs will continue as Chief Financial Officer and Member of the Board.

 

S. Zitmane has more than 10 years’ experience in financial technology (fintech), insurance, and banking sectors. Prior to joining AS DelfinGroup, she managed loan operations at TWINO Group in Latvia, developing consumer lending products and loans for small and medium-sized enterprises. S. Zitmane has a long history of managing teams, as well as developing technologically intensive products. As a member of the Management board of AS DelfinGroup, she will be responsible for the development of consumer loans, customer service, and marketing projects. Her experience will also be valuable for boosting business efficiency and automating services by integrating a variety of new IT solutions.

 

Didzis Ādmīdiņš, Chairman of the Management board AS DelfinGroup: “S. Zitmane began working at the company in December of last year and has already proven her experience as a management and industry expert. S. Zitmane is a valuable addition to the company at a time when we are rapidly expanding the IT team and investing in innovative fintech solutions to become a leading retail lending, pre-owned goods chain and trading company.”

 

Sanita Zitmane, Board member of AS DelfinGroup: “My goal being a member of the Management board is to significantly increase the role of AS DelfinGroup in the Latvian financial services market over the next few years, including becoming a leader in the field of private lending. We will actively expand the company's fintech solutions, as well as develop new financial services and attract new clients.”

 

Ivars Lamberts: “I can look back at the achievements of the Management board of AS DelfinGroup with pride and dignity. The company has grown rapidly and is currently the largest Latvian company on Nasdaq Riga Baltic Main List. AS DelfinGroup has an excellent management team and cohesive organization, making it one of the most interesting workplaces in Latvia. AS DelfinGroup provides opportunities to gain valuable experience by cooperating with professionals from various sectors. Being with the company for seven years, I have gained a lot of experience and business management skills to successfully engage in the development of various new projects. I will continue to follow the evolution of AS DelfinGroup as a shareholder.

 

“We have worked with I. Lamberts since 2015, and during this time the company achieved very rapid growth as well as became an industry leader, with shares listed on Nasdaq Riga. I. Lamberts played a significant role, particularly during the IPO process in the past year, when the company successfully managed to attract nearly six thousand new shareholders. These seven years of cooperation with Ivars have meant a great deal to all the employees of the company – a fantastic team has been created which is able to independently carry out large and ambitious projects”, pointed D.Ādmīdiņš.

 

I. Lamberts is a shareholder in AS DelfinGroup and owns 400,000 shares.

 

S. Zitmane does not own any shares of AS DelfinGroup.

 

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: IR@delfingroup.lv

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