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About publishing SIA ExpressCredit financial reports

Information about publishing SIA ExpressCredit financial reports for 2020, in accordance with AS Nasdaq Riga rules On Listing and Trading of Financial Instruments in the Markets Regulated by the Exchange, is summarized below. Read more

SIA ExpressCredit decreases bond nominal value by EUR 437 500

According to SIA ExpressCredit bond issue prospectus of ISIN LV0000801322, as of 27/12/2019 the nominal value of one security is going to be decreased by EUR 125. The total nominal value of the bonds issue will be decreased by EUR 437 500. After settlement, the nominal value of one security (ISIN LV0000801322) will be EUR 500. Read more

SIA ExpressCredit registers a commercial pledge in amount of EUR 40.5 million

On 04/12/2019, SIA ExpressCredit has registered a commercial pledge according to the common structure of ExpressCredit group’s secured creditors. According to this structure, all claims by the holders of notes ISIN LV0000802379, ISIN LV0000802213, and ISIN LV0000801322, as well as claims by SIA Mintos Finance are now secured with all property and receivables owned by ExpressCredit group as a commercial pledge in amount of EUR 40.5 million. Read more

ExpressCredit registers new notes issue in amount of EUR 5 million

On 15 November 2019, ExpressCredit registered in Nasdaq CSD a new secured notes issue with the following characteristics: ISINLV0000802379Issue sizeup to EUR 5,000,000Nominal value of 1 noteEUR 1,000Annual coupon rate14%Coupon payment frequencyMonthlyMaturity25 November 2022Principal repaymentAt maturityMinimum subscription amountEUR 100,000 Read more

SIA ExpressCredit financial results for 9 months of 2019

SIA ExpressCredit group's turnover for the nine months of 2019 reached EUR 16 million. The Group`s unaudited profit for this period was EUR 3.4 million. The Group's turnover during 9 months of the year 2019 in comparison with the corresponding period of the previous year has increased by 14%, while the company's EBITDA during this period has increased by 9%. Read more

2019 9-month report

Non-audited interim condensed consolidated report for 2019 9 months will be published – from 30.10.2019 till 06.11.2019. Read more

2019 12-month report

Non-audited interim condensed consolidated report for 2019 12 months will be published – from 18.02.2020 till 25.02.2020. Read more

Voting results of note holders’ consent on amendments to SIA “ExpressCredit” notes prospectus (ISIN: LV0000801322)

SIA “ExpressCredit” hereby informs, that Note holders have granted their consent for amendments to the Notes Prospectus of SIA “ExpressCredit” dated 17 March 2014 (ISIN: LV0000801322), and the amendments to the Notes Prospectus have entered into force on the date of publication of this announcement. Read more

Voting results of note holders’ consent on amendments to SIA “ExpressCredit” terms of the notes issue (ISIN: LV0000802213)

SIA “ExpressCredit” hereby informs, that Note holders have granted their consent for amendments to the Terms of the Issue of SIA “ExpressCredit” dated 7 October 2016 (ISIN: LV0000802213), and the amendments to the Terms of the Issue have entered into force on the date of publication of this announcement. Read more

Application for receipt of note holders’ consent on amendments to SIA “ExpressCredit” terms of the notes issue (ISIN: LV0000802213)

In accordance with Clause 5.3. of the terms of the issue of SIA “ExpressCredit” (hereinafter – Issuer) dated 7 October 2016 (ISIN: LV0000802213) (hereinafter – Terms of the Issue), SIA “ExpressCredit” asks note holders to grant their consent for amendments to Terms of the Issue, bysecuring notes issue with a commercial pledge over all assets of the Issuer and its current and future subsidiaries as an aggregation of property at the moment of pledging as well as its future components and a commercial pledge over all receivables of the Issuer and its current and future subsidiaries at the moment of pledging as well as future components;introducing collateral agent role and its rights and obligations, procedures for establishment, release and enforcement of collateral and others;cancelling the early repayment (Put Option);amending “Event of default” and “Covenants” clauses and others.Full amendments to the Terms of the Issue are set out in Schedule 1 here. Read more

Application for receipt of note holders’ consent on amendments to SIA “ExpressCredit” notes prospectus (ISIN: LV0000801322)

In accordance with Clause 6.6. of the prospectus of SIA “ExpressCredit” (hereinafter – Issuer) dated 17 March 2014 (ISIN: LV0000801322) (hereinafter – Prospectus), SIA “ExpressCredit” asks note holders to grant their consent for amendments to Prospectus, bysecuring Notes issue with a commercial pledge over all assets of the Issuer and its current and future subsidiaries as an aggregation of property at the moment of pledging as well as its future components and a commercial pledge over all receivables of the Issuer and its current and future subsidiaries at the moment of pledging as well as future components;introducing Collateral Agent role and its rights and obligations, procedures for establishment, release and enforcement of Collateral and others;amending “Event of default” and “Covenants” clauses. Read more

SIA ExpressCredit decreases bond nominal value for EUR 437 500

According to SIA ExpressCredit bond issue prospectus of ISIN LV0000801322, as of 25/09/2019 the nominal value of one security is going to be decreased by EUR 125. The total nominal value of the bonds issue will be decreased by EUR 437 500. After settlement the nominal value of one security (ISIN LV0000801322) will be EUR 625. Read more

ExpressCredit Group publishes financial forecast

ExpressCredit Group announces its current year financial estimate and two-year financial forecast. According to the financial plan, in 2019, the Group’s turnover will increase by 9% and consolidated net loan portfolio by 40%. ExpressCredit Group plans stable growth of ordinary business in mid-term. Read more

SIA ExpressCredit financial results for the first half year 2019

In the first half of 2019, the company's turnover amounted to EUR 10.2 million, an increase of 10.9% compared to the corresponding period in 2018, while the net profit for the period was EUR 2.045 million. During the first half of 2019, in order to prepare for the changes in Consumer Rights Protection Law that came into force on July 1st, 2019, the Group invested in strengthening its management team and adjusting products so that the Group can continue offering the most demanded products by the consumers. The Group’s results of July 2019 confirm that product adjustments are well demanded and it is expected that the Group will maintain its current profitability in the future. Despite that the company has aligned its operations to the changes in legislation, the company has submitted an application to the Constitutional Court on the interest rate cap inconfirmity to the Constitution. Read more

2019 6-month report

Non-audited interim condensed consolidated report for 2019 6 months will be published – from 29.07.2019 till 05.08.2019. Read more

SIA ExpressCredit decreases bond nominal value for EUR 437 500

According to SIA ExpressCredit bond issue prospectus ISIN LV0000801322, as of 25/06/2019 nominal value of one security is going to be decreased by EUR 125. Total nominal value of bonds issue will be decreased for EUR 437 500. After settlement nominal value of one security (ISIN LV0000801322) will be EUR 750. Read more

ExpressCredit informs about changes in council

 On May 16, 2019, the Enterprise Register of the Republic of Latvia registered changes in the council of ExpressCredit based on the shareholder decision made on April 29, 2019.   Read more

2019 3-month report

Non-audited interim condensed consolidated report for 2019 3 months will be published – from 29.04.2019 till 06.05.2019. Read more

ExpressCredit 1st quarter 2019 financial results

SIA ExpressCredit publishes unaudited condensed unaudited financial results for the 1st quarter of 2019. Read more

2018 annual report

Audited consolidated annual report for 2018 will be published – from 15.04.2019 till 24.04.2019. Read more

ExpressCredit publishes financial results for the year 2018 audited by BDO Assurance

ExpressCredit group's turnover for the 12 months of 2018 reached EUR 18.2 million. Group's loan portfolio as at the end of the year 2018 reached EUR 20.2 million. Read more

Investor presentation 2018

Presentation for ExpressCredit investors. Covering industry, company structure, business processes as of the year 2018. Read more

ExpressCredit revokes offered exchange of existing public bonds (ISIN LV0000801322)

On March 27, 2019, SIA ExpressCredit announced an offer to the holders of existing public bonds (LV0000801322) to exchange their bonds for a new private placement bond. The conditions of the new issue defined that the capital raised will be used to refinance the existing liabilities, and to make it more convenient for the existing investors, ExpressCredit SIA offered to exchange the bonds at a ratio of 1:1. The corporate event was set to execute on April 5, 2019. Read more

SIA ExpressCredit offers the holders of existing public bonds (ISIN LV0000801322) to exchange bonds

On March 18, 2019, and with amendments on March 25, 2019, the shareholders of SIA ExpressCredit decided to execute a new closed bond issue. The new unsecured bond issue will be made subject to the exceptions provided by the Financial Instruments Market law, which states that the offer may be made without preparing the prospectus. As part of the issue, the bond will be offered to a limited number of investors with the total issue volume up to EUR 7 million, a monthly coupon payment on the 25th day of the month, an annual interest rate of 14%, and a bullet redemption on April 5, 2022. The conditions of the closed bond issue define that the capital raised will be used to refinance the existing liabilities, and the new bonds will not be traded on the regulated market. Read more

SIA ExpressCredit is the only non-bank creditor included in the Gold level of the SRS In-depth Cooperation Program

On March 20, 2019, SIA ExpressCredit has qualified for inclusion in the SRS In-depth Cooperation Program at Gold level of cooperation. Read more

ExpressCredit shareholders decision on extraordinary dividends

SIA ExpressCredit shareholders meeting on 21/03/2019 decided on extraordinary dividends in the amount of 1 500 thousand EUR with respect to operational results for the 12 months of the year 2018. During 12 month of the year 2018, SIA ExpressCredit consolidated unaudited profit reached to 4,5 million EUR. The payout of dividends will be made till 31/03/2019 taking into account bond issue prospectus ISIN LV0000801322 and LV0000802213. Read more

SIA ExpressCredit decreases bond nominal value for EUR 437 500

According to SIA ExpressCredit bond issue prospectus ISIN LV0000801322, as of 25/03/2019 nominal value of one security is going to be decreased by EUR 125. The total nominal value of the bonds issue will be decreased by EUR 437 500. After settlement nominal value of one security (ISIN LV0000801322) will be EUR 875. Read more

ExpressCredit 1st quarter 2019 financial results

SIA ExpressCredit publishes unaudited condensed unaudited financial results for the 1st quarter of 2019. The Group's turnover in 1st quarter of 2019 compared to particular period of the year 2018 has increased by 5.5%, reaching EUR 4.09 million, while comparable profit amounted to EUR 1.35 million. Read more

ExpressCredit unaudited financial results for the year 2018

ExpressCredit group's turnover for the 12 months of 2017 reached EUR 18.2 million. Group's loan portfolio as at the end of the year 2018 reached EUR 20.2 million. Read more

2018 12-month report

Non-audited interim condensed consolidated report for 2018 12 months will be published – from 18.02.2019 till 25.02.2019. Read more
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