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DelfinGroup is reorganizing three of its subsidiaries

Riga, 2021-02-19 09:21 CET -- DelfinGroup, which operates in Latvia’s financial sector, has decided on reorganization and redistribution of functions at three of its subsidiaries – SIA Banknote commercial properties, SIA Refin and SIA ExpressInkasso. From now on, their functions will be fulfilled by the parent company, DelfinGroup.


SIA Banknote commercial properties is a real estate management company which managed several real estates in which subsidiaries of Banknote are operating, including two subsidiaries in Jelgava and one in Valka. Now these real estates will be managed directly by DelfinGroup.

DelfinGroup will also will take over the functions and clients of non-bank mortgage lending company SIA Refin and extrajudicial debt collection company SIA ExpressInkasso.

AS DelfinGroup Board member Kristaps Bergmanis: “Given the growth of our group, we started the process of a wider reorganization of companies in 2020, changing both the identity and launching the transition of our parent company from a limited liability company to a joint-stock company. Parallel to that, changes are being made in several subsidiaries of the group in line with shareholders’ and investors’ wishes. We plan to complete the reorganization process in the second quarter of this year”.

Also, in order to strengthen the foundations of the company’s corporate governance by forming a professional Supervisory Board, early this year DelfinGroup has organized an international contest to select independent members of its Supervisory Board. From now on, at least a half of the Supervisory Board members will be independent professionals to be elected at the shareholders’ meeting for a period of five years.

About DelfinGroup

AS DelfinGroup is a licenced financial services company founded in 2009, which currently represents three brands - Banknote, VIZIA and Rīgas pilsētas lombards. The company employs 270 professionals at 90 branches located in 38 Latvian cities and towns. The estimated amount of taxes for year 2020 is EUR 3.42 million. DelfinGroup is a member of the Latvian Chamber of Industry and Commerce and has received the Gold level status within the cooperation programme of the Latvian State Revenue Service. The core services of the group include pawn loans, consumer loans, and senior loans, the terms of which are specially adapted for seniors. The bonds of DelfinGroup are traded on the Baltic First North bond list of Nasdaq Riga.

    Further information:

    Kristaps Bergmanis,

    AS DelfinGroup Management Board member

    Phone: +371 29144168

    E-mail: [email protected]


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