ExpressCredit changes its name to DelfinGroup
The new corporate identity introduces not only a new name, but also a brand-new vision, mission, and updated values.
DelfinGroup’s vision is to achieve the highest recognition level on the basis of its existing values: simplicity, accessibility, respect, and progress. The company has also defined three new values that are already an integral part of the its development:
• Ambition, supported by determination, long-term perspective and growth;
• Mastery, supported by professionalism and high standards;
• Major focus on the client, supported by in-depth understanding and tailored solutions.
Launch of a new brand VIZIA
VIZIA is a modern financial services provider, specializing in easy and fast consumer loans for both small and large life situations. VIZIA is operating in a fully online environment.
Launch of Banknote online store
The online store provides an additional channel for the sale of goods, significantly increasing the range of potential customers.
veikals.banknote.lv
Online lending launched.
Banknote launch new website
ISO certification
Management quality certification under ISO 9001:2015 and ISO 50001:2015 standards
Launch of a new brand.
New consumer loan brand
Rebrand
At the end of 2013 corporate bonds were issued in the amount of 8,5 million EUR, there were issued 5 million EUR secured bonds and 3,5 million EUR unsecured bonds.
Subsequently, bonds were listed on Nasdaq Riga stock exchange.
Launch of a new product
Money transfers with the Western Union were introduced to broaden financial service offering and reaching new clients to provide cross-selling.
Acquisition of Riga City Pawnshop
Riga City Pawnshop was the oldest pawnshop in Latvia. Pawn shop operation was dated as of the year 1802.
The acquisition of pawnshop supported ExpressCredit market leadership position and expanded client base that has been developed over centuries by Riga City Pawnshop.
Financial growth
During the year 2014, the Company has reached significant financial results.
Total registered unique customers 245 000.
Total loans issued 24.9 million EUR.
Net loan portfolio 6.3 million EUR.
Net profit 1,4 million EUR.
Secured bonds issued
At the end of 2013 corporate bonds were issued in the amount of 8,5 million EUR, there were issued 5 million EUR secured bonds and 3,5 million EUR unsecured bonds.
Subsequently, bonds were listed on Nasdaq Riga stock exchange.
Consumer lending launched
By introducing consumer lending, average loan amount increased by 40%.
In the year 2012, there were 40 000 loans issued amounting to 4.4 million EUR.
Payday lending launched
Average monthly Payday loan issue growth rate reached 400% in the first year.
At the end of the year 2011, there were 9 000 loans issued amounting to 0.7 million EUR.
50th pawn shop opened
On average branch reached its break-even point on the 6 months of operation.
Branches cover 15 cities of Latvia.
First pawn shop opened
First branch was opened in centre of Riga, Dzirnavu street 119. This branch is operating till nowadays.