Latvian fintech company DelfinGroup continues to develop both in-person branches and digital solutions in response to growing public interest in sustainable consumption and flexible shopping solutions. In the third quarter of this year, the company has increased its retail and loan issuance business results compared to the same period last year, with retail up 12% and loan issuance up 14%, respectively.  

Summarising the results of the operations of the company for the first nine months of the year, sales of pre-owned, slightly pre-owned and new goods amounted to 12.4 million euros, which is 12% more than in the first nine months of 2023. In the third quarter of 2024, sales reached 4.5 million euros, an increase of 12% compared to the same period last year.  

"In the third quarter, we have made significant steps in the development of the convenience retail segment by opening two new Banknote branches in Vilnius, Lithuania, and expanding our Banknote XL network in Latvia by opening branches of this concept in Rēzekne and Daugavpils. In response to public demand for flexible and versatile shopping solutions, we are also further developing our online shop in Latvia and Lithuania, where more than 50 000 goods are available in one place, with a guarantee of up to 24 months. We continue to play an active role in the development of the circular economy, promoting sustainable consumption and resource efficiency. One of our goals is to raise awareness and change habits by encouraging people to choose sustainable goods," says Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup. 

Meanwhile, the third quarter of this year there is a 14% increase in loan issuance, with loans totalling 26.7 million euros. The consumer loans segment grew in the third quarter of this year, with 20.3 million euros of loans issued, 15% more than in the same period last year, while the pawn loans segment grew by 10%, with 6.5 million euros of loans issued. 

In the first nine months of the year, consumer loans amounted to 58.5 million euros or 14% more than in the same period last year. Pawn loans increased by 11% to 19.5 million euros. The total amount of loans issued by the company during the period was 78.1 million euros. 

D. Ādmīdiņš: "The growth of the company in all business segments confirms that we have taken the right strategic decisions to ensure the sustainable development and growth of DelfinGroup. The increase in loan issuance and sales not only strengthens our market position but also lays the foundation for long-term stability. We believe that this positive momentum will create opportunities for further business development, thus also delivering added value to our shareholders. Our aim is to continue to invest in innovation and develop our services to respond effectively to customer demand." 

About DelfinGroup

AS DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia and Lithuania. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy. 

For further information, please contact: 

Linda Eltermane, 

DelfinGroup Head of PR 

Phone: +371 28700457 

E-mail: [email protected]