May 12, 2022
DelfinGroup expands financial service availability in Olaine
Latvian financial service company AS DelfinGroup has opened a new branch in its Banknote pawnshop chain, located at Zemgales iela 37, in Olaine. Modern and convenient, it embodies the plans to develop the Banknote chain this year, to continue with the creation of a new concept, and the modernisation of a number of branches. Banknote is a Latvian leader in terms of branch coverage, with a total of 93 branches in different regions.
The business development goal of AS DelfinGroup is to combine a green mind-set and economic efficiency, promoting the awareness of the advantages of circular economy with efficient use, and more reuse of resources, which creates invaluable benefits for the environment and personal finance.
“Our society is becoming more confident about the benefits of circular economy, and the convenience of buying and selling specifically used items is gaining importance, and that’s the area we will focus on in our customer service. One of the goals of developing the Banknote chain is to build a more financially inclusive society everywhere in Latvia. Physical access to services is a concern all over the country, especially for the elderly, and those who do not use the internet in their everyday lives. People need a place where they can come and get a clear and valuable service,” says Didzis Ādmīdiņš, Chairman of the Management Board of AS DelfinGroup.
The new branch is located in the centre of Olaine, at Zemgales iela 37, easily accessible to pedestrians and car users, with special provisions for disabled access. The spacious premises make it possible to significantly expand the quantity and variety of the products offered, reaching an even broader circle of potential clients. AS DelfinGroup bought the premises in late 2021, and conducted extensive renovation there, adapting the place to the needs of the branch, and letting some of the space out to other service providers.
To make sure that financial services are easily available to all groups of clients, taking into account their needs and habits, the new branch also offers pawn loans, consumer loans and buy now pay later loans, in addition to the selling and buying of products.
Committed to upholding the trust of its clients who choose to make purchases at the branches and online shop of Banknote, AS DelfinGroup ensures that all goods undergo careful inspections, care, and if necessary, refurbishment, before they are offered for sale at prices much lower than those of new ones. Reusing goods is a very effective way of reducing unnecessary consumption and excessive use of natural resources, and it helps people save and manage their financial resources more efficiently.
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 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 2021, the company's net loan portfolio grew to EUR 43 million, while its EBITDA reached EUR 10.2 million, with profits before income tax for dividends EUR 5.2 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.
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