December 16, 2021
AS DelfinGroup expands the availability of financial services in Riga with a new Banknote branch in Zolitūde
In December, Latvian financial service company AS DelfinGroup opened a new branch of Banknote network in Zolitūde, Zolitūdes iela 34, Rīga; in the second half of the year the branch network of Latgale region was also improved. Thus, with a total of 94 branches across Latvia, the company strengthens its leading position in the pawnshop market having the largest number of branches. The new branch in Zolitūde is located in the shopping centre Venta and here you can buy and sell pre-owned goods, as well as receive pawn and consumer loans.
“Until now, there was only one Banknote branch in Zolitūde, but considering the fact that almost 20 thousand people live in the district, we decided to open another branch in order to ensure better access to financial services for the people of the neighbourhood. The new branch is located near the railway station Imanta, on the premises of the shopping centre Venta, which is the transport and business centre of the district and is easily accessible to everyone. The bright premises, which are also accessible to people in wheelchairs, comprise a spacious store with a wide range of pre-owned goods, and loan services available here as well - consumer loans, pawn loans and loans specifically tailored for people of retirement age,” says Ivars Lamberts, Member of the Management Board of AS DelfinGroup. “The newly opened branch is the 43rd in Riga and 94th in Latvia. Banknote is the largest pawn shop network in Latvia and the coverage of branches is nearly optimal, therefore we focus on positive customer experience - customer service, customised products, and convenience of receiving loan services.”
Taking care of the availability of convenient financial services for every individual throughout Latvia, the main focus in the third quarter of this year was on the development of branches in Latgale region. - Two branches - one in Preiļi, Daugavpils iela 2, and one in Ludza, Stacijas iela 30, were moved to new premises, which are more easily accessible to customers. At the same time a new Banknote branch was opened in Daugavpils, Viestura iela 84.
The sustainable development goal of AS DelfinGroup business is to combine economic benefits and green thinking. The company develops a network of Banknote branches and creates an infrastructure to make it easier for people accross Latvia to sell and buy used and tested goods more profitably. Banknote has become one of the leading trade channels for pre-owned and tested goods in Latvia, helping people exchange things. Reusing goods is a very effective way of reducing unnecessary consumption and overexploitation of natural resources, and it also helps people to save and manage their financial resources more efficiently.
AS DelfinGroup offers consumer loans, pawn loans, buy now pay later loans (BNPL loans), as well as the sale of pre-owned goods in more than 90 branches throughout Latvia and in online store. Consumer loans up to 7,000 euros with a repayment term of up to seven years are available for daily or unforeseen expenses, such as home repairs, buying or fixing a car or purchase of electrical appliances. A pawn loan is secured by jewellery, electrical goods, work tools and other goods that are valued on-site or remotely. The amount of the pawn loan depends on the collateral and its repayment term is up to two years. Buy now pay later loans (BNPL loans) ca be up to 1,400 euros with a repayment period of up to three years. The online store offers approximately 30,000 pre-owned and tested items, which can be received at any Banknote branch or by delivery.
To increase the availability of modern financial services for various groups of people in Latvia, AS DelfinGroup is consistently working on the improvement of remote services both for various types of loans and for sale of goods. People can buy pre-owned goods not only in branches, but also in the online store veikals.banknote.lv, and receive them by delivery or pick them up at any Banknote branch. All goods you may find in the online store have been thoroughly inspected and, if necessary, renovated before being sold. It should be noted that Banknote also offers the valuation of goods both in person at the branch and remotely.
Mobile application Banknote developed by AS DelfinGroup and designed for financial transactions allows users to receive a consumer loan using the app, follow the current cash flow and fulfilment of contractual obligations, as well as make payments via the Internet bank. The app allows to view information about all your current payments and agreements. It also includes an interactive map of Banknote pawn shop branches, which can be connected to the navigation application Waze to receive directions to the needed branch faster. Banknote app also allows the use of biometric data - face recognition or fingerprint reading to access your Banknote account. To ensure the best user experience, the app is customised for both Android and iOS operating systems on smartphones. It is available on Google Play, and App Store, and starting from December it will be available in HUAWEI AppGallery.
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, 35,000 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 2020, the company's net loan portfolio grew to EUR 34.6 million, while its EBITDA reached EUR 9.3 million, with profits before income tax for dividends EUR 4.65 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.