JSC “Indexo” obtained a license for banking actions

The choice is legitimate from at this time, Could 16.

On this regard, Deputy President of the Financial institution of Latvia Santa Purgaile famous that the license for a brand new participant within the credit score establishment sector was issued following greater than a ten-year break, and Indexo is the primary Latvian credit score establishment to bear the licensing course of throughout the framework of the Unified Supervisory Mechanism.

“The Financial institution of Latvia is dedicated to making sure that high-quality, modern and handy monetary companies are supplied in Latvia. Wholesome competitors will contribute to the event of economic companies and all the sector,” she famous.

Initially, Indexo Financial institution will provide companies solely to people, and companies to companies will likely be launched later.

At present, there are 10 credit score establishments and 4 branches of international banks working in Latvia.

The fairness capital of the Indexo group as of March 31 this yr was 13.983 million euros.

Within the first quarter of this yr, the corporate elevated the capital of its subsidiary IDX1R JSC by 10 million euros to fifteen million euros – this subsidiary, following receiving a license, will change into Indexo Financial institution.

The audited losses of the Indexo concern final yr amounted to 2.898 million euros, which is 2.3 occasions greater than in 2022.

Indexo’s largest shareholders are Henrik Karmo’s Good Match Ltd. – 8.93%, owned by Valdis Siksnis LLC “VSCAP” – 6.69%, Estonian firm “Barolo Finants” owned by Indrek Gusev – 5.64%, Estonian firm “Saggis” owned by Sandu Huban – 5.64%, managed Ekaterina Nikulina IN Finance LLC – 5.95% and Marcis Martinsons – 5.98%. The remaining shareholders personal shares of as much as 5% of shares.

Indexo was based in 2017. The corporate’s shares are listed on the Nasdaq Riga inventory trade.