Latvian pawnshop takes loan… from Maltese bank

“This is the largest bank financing in the history of DelfinGroup, which demonstrates the trust of foreign banks in the Latvian financial sector and DelfinGroup as one of its leaders. We are pleased that Multitude Bank appreciates the company’s activities and considers us a solid cooperation partners. DelfinGroup is growing rapidly and the funds raised will allow it to accelerate further, helping to move closer to its strategic goals. In the third quarter of this year the company’s credit portfolio has already reached the record level of 84.6 million euro. The financing raised represents another strategic step towards growth, which will allow the company to realize its ambitious goals, including reaching a loan portfolio of 100 million euros by 2025″, explained Aldis Umblejs, member of the board of directors and CFO of DelfinGroup.

Umblejs added that DelfinGroup’s strong business performance, which clearly shows the company’s resilience in various economic cycles and its ability to grow, be profitable and pay quarterly dividends to shareholders, allows for foreign bank financing.

2023-12-05 08:12:30
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