Press Releases
December 16, 2021
Company News
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.
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December 14, 2021
Company News
AS DelfinGroup expands the range of consumer financing services for Banknote and VIZIA brands
Latvian financial service company AS DelfinGroup has improved consumer loans offered by non-bank lending companies VIZIA and Banknote - the maximum amount of the loan has been increased to 7,000 euros and the repayment term extended up to seven years. This step was taken in response to changes in customer needs and is part of the Group's product and customer service development plan, which aims to take AS DelfinGroup to a leading position in the field of retail lending of the domestic financial sector.
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December 10, 2021
Company News
AS DelfinGroup will pay out 0,512 million euros in dividends and issue bonds up to 10 million euros
Latvian financial service company AS DelfinGroup will pay out EUR 512 111,41 in dividends from the third quarter’s profit, and each shareholder will receive EUR 0,0113 per share - resolved the shareholders’ meeting of AS DelfinGroup. This will be the first dividend pay-out since initial public offering (IPO) in October and dividends are to be paid to all shareholders on 29 December.
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December 10, 2021
Company News
AS DelfinGroup brand VIZIA launches a credit line with flexible terms
Latvian financial services company AS DelfinGroup continues to expand its range of services and has developed a new loan product. The credit line offered by the group's non-bank lending affiliate VIZIA is an easily accessible solution when additional funds are needed for daily or unforeseen expenses.
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December 10, 2021
Company News
The decisions adopted at the Extraordinary Meeting of Shareholders of AS DelfinGroup, dated 10 December 2021
December 6, 2021
Company News
AS DelfinGroup strengthens the management team with Sanita Zitmane, an experienced professional in developing and managing fintech products
Latvian financial service company AS DelfinGroup consistently develops the offer of lending products and customer service. By joining the company as the Head of the Consumer Loan Department, Sanita Zitmane, given her experience in fintech industry, will strengthen the management team and allow the company to achieve its ambitious goals even more effectively.
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December 3, 2021
Company News
AS DELFINGROUP PUBLISHES A REPORT MADE BY LHV BANK
AS DelfinGroup informs that AS LHV Pank, the largest domestic financial group and capital provider in Estonia, has made Initiation of Coverage Report providing insights of the company’s results, market environment and stock valuation. The report analyzes AS DelfinGroup current situation based on the latest publicly available data, estimates and sets a potential Fair Value Range for the company’s stock.
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December 2, 2021
Company News
AS DelfinGroup completes restructuring and fully takes over the functions of three subsidiaries
The Latvian financial service company AS DelfinGroup has completed the restructuring and redistribution of functions of three subsidiaries - SIA Banknote commercial properties, SIA Refin and SIA ExpressInkasso. From now on, the functions of these subsidiaries will be fully taken over by the parent company AS DelfinGroup.
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December 1, 2021
Company News
Aldis Umblejs, CFO of AS DelfinGroup becomes a board member of the company
Latvian financial service company’s AS DelfinGroup CFO Aldis Umblejs will now serve on the Management Board of the company and replace Kristaps Bergmanis in this position. Changes in the composition of the Management Board have been registered in the Commercial register on November 30, 2021. Chairman of the Management Board Didzis Ādmīdiņš and Member of the Management Board Ivars Lamberts will continue working on the Board.
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November 30, 2021
Company News
AS DelfinGroup continues to reduce financing costs and redeems five million euro bonds ahead of schedule
Latvian financial service company AS DelfinGroup continues to implement a cost optimization program for the most expensive previously attracted financing and has redeemed bonds worth five million euros ahead of schedule. The bonds were issued in 2019 and the coupon rate was 14%. At the end of October, AS DelfinGroup already redeemed the five million euro bonds issued in 2016, the coupon rate of which was also 14%.
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November 24, 2021
Company News
AS DelfinGroup registers new unsecured notes issue in amount of EUR 10 million
On 24 November 2021, DelfinGroup has submitted documents to Nasdaq CSD, in order to register new unsecured notes issue with the following characteristics:
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November 24, 2021
Company News
Draft resolutions and additional agenda point of the Extraordinary Meeting of Shareholders of AS DelfinGroup, dated 10 December 2021
On 10 November 2021 the Management Board of AS DelfinGroup, registration number: 40103252854, legal address: Skanstes iela 50A, Riga, LV-1013, Latvia (hereinafter - the “Company”), announced a notification on convening the Extraordinary Meeting of Shareholders of the Company on 10 December 2021.
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November 24, 2021
Company News
AS DelfinGroup informs on early redemption of bonds (ISIN LV0000802429)
According to bond ISIN LV0000802429 issue prospectus point 4.2.9. AS DelfinGroup informs, as of 27/12/2021 early redemption of bonds will be made and nominal value of one security EUR 1000 is going to be fully repaid with the record date 23/12/2021. According to prospectus early redemption fee of 1% of remaining bond value will be paid to bond holders.
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November 16, 2021
Company News
AS DelfinGroup informs on early redemption of bonds (ISIN LV0000802379)
According to bond ISIN LV0000802379 issue prospectus point 4.2.13. AS DelfinGroup informs, as of 25/11/2021 early redemption of bonds will be made and nominal value of one security EUR 1000 is going to be fully repaid with the record date 24/11/2021. According to prospectus early redemption fee of 1% remaining bond value will be paid to bond holders.
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November 10, 2021
Company News
Notification on convocation of Extraordinary Meeting of Shareholders of AS DelfinGroup
The Management Board of AS DelfinGroup, registration number: 40003844254, legal address: Skanstes iela 50A, Riga, LV-1013, Latvia, hereby convenes and announces that the Extraordinary Meeting of Shareholders of AS DelfinGroup will take place on 10 December 2021 at 15:00 at Skanstes City Conference centre, at Skanstes iela 50, 1st entry.
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November 10, 2021
Company News
Recording of the Q3 and 9 months 2021 investor webinar
On November 9, 2021 AS DelfinGroup organized Investor Conference Webinar.
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November 5, 2021
Company News
AS DelfinGroup publishes unaudited financial results for 3rd quarter and 9 months of 2021
According to the non-audited results, during the first 9 months of 2021 Latvian financial services company AS DelfinGroup has reached EUR 18.4 million in revenues which is an increase by 8.2% year on year. During the period of 9 months, EBIDTA increased by 1.2% year on year and reached EUR 7 million. The quarterly net profit reached EUR 1.02 million, which is an increase by 24% quarter on quarter.
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November 4, 2021
Company News
AS DelfinGroup invites to join its webinar about the unaudited financial results for Q3 and 9 months 2021
AS DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on November 9, 2021 at 11:00 AM. To join the webinar please follow the instructions below.
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October 25, 2021
Company News
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
AS DelfinGroup has received notification from members of the supervisory board on notification of transactions by persons discharging managerial responsibilities and persons closely associated with them (notifications in attachment).
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October 25, 2021
Company News
AS DelfinGroup will redeem bonds for 10 million euros
On 25 October the Latvian financial services company AS DelfinGroup will redeem 5 million euro bonds (ISIN LV0000802213) issued in 2016. Furthermore, on 25 November, exercising the call option stipulated in the terms of the prospectus, the bonds (ISIN LV0000802379) worth 5 million euros and issued in 2019 will be redeemed before maturity. In total, the bonds worth 10 million euros will be redeemed, thus, reducing the company’s costs of financing and implementing measures to achieve the long-term targets of AS DelfinGroup.
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October 25, 2021
Company News
COVID-19 follow up information
In accordance with the Order No. 720 of the Cabinet of Ministers of the Republic of Latvia dated on 9 October 2021 "On Declaring a State of Emergency", from 21 October to 14 November there is announced a four-week period of security measures to limit the spread of COVID-19 infection in Latvia.
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October 25, 2021
Company News
AS DelfinGroup informs on early redemption of bonds (ISIN LV0000802379)
According to bond ISIN LV0000802379 issue prospectus point 4.2.13. AS DelfinGroup informs, as of 25/11/2021 early redemption of bonds will be made and nominal value of one security is going to be fully repaid by EUR 1000. According to prospectus early redemption fee of 1% remaining bond value will be paid to bond holders.
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October 20, 2021
Company News
Trading of AS DelfinGroup shares starts on Nasdaq Riga Baltic Main List
As of Wednesday, 20 October shares of AS DelfinGroup, a Latvian financial services company, will be traded on Nasdaq Riga Baltic Main List. AS DelfinGroup is going to be one of the four Latvian companies with shares traded on the Baltic Main List.
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October 15, 2021
Company News
5,927 investors take part in AS DelfinGroup IPO – proceeds surpass EUR 8 million
AS DelfinGroup initial public offering (IPO) on Nasdaq Riga successfully closes. In total 5,927 investors participated, including 10 institutional investors. This is the largest ever IPO in Latvia in terms of investor activity. Demand reached 73% of the initial base offer (up to 7 300 000 shares) while EUR 8.09 million of gross proceeds were raised as a result of the IPO.
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October 13, 2021
Company News
Last chance to subscribe for AS DelfinGroup IPO shares
Thursday, the 14th of October, is the last day of subscription for AS DelfinGroup IPO shares on Nasdaq Riga. The offer price is EUR 1,52 per share and all proceeds of the IPO will be invested in the further growth of the company and to reduce the cost of funds for the company. The minimum subscription amount is 1 share, the maximum amount of shares per investor is not limited.
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October 11, 2021
Company News
FCMC approves amendments to the IPO prospectus of AS DelfinGroup
On 11 October 2021 Latvian Financial and Capital Market Commission (FCMC) has approved the supplements to the initial public offering (IPO) prospectus of the Latvian financial services company AS DelfinGroup. The prospectus was supplemented with current financial information on certain operational and financial indicators for the 3rd quarter of 2021. Prospectus Regulation (EU) 2017/1129 stipulates that after the publication of a supplement to a prospectus, investors who have already submitted a subscription undertaking for the offer shares prior to the publication of a supplement are given at least two working days to contemplate the new information and withdraw their subscription undertaking, if decided. Taking into account the mentioned requirement, AS DelfinGroup has made a decision to extend the IPO and to additionally provide an opportunity for new investors to submit a subscription undertaking within the IPO. Consequently, the IPO of AS DelfinGroup will close on October 14 (inclusive).
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October 11, 2021
Company News
AS DelfinGroup supplements its IPO prospectus
Consultations have been held with the Latvian Financial and Capital Market Commission (FCMC) as well as Nasdaq Riga in recent days on account of selected operational and financial indicator information published last week by the Company. It has now been decided to formally reflect these as inseparable components of the IPO prospectus.
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October 7, 2021
Company News
Recording of the AS DelfinGroup investor webinar on frequently asked questions about the ongoing IPO
On October 6, 2021 AS DelfinGroup organized Investor Conference Webinar.
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October 7, 2021
Company News
AS DelfinGroup issued loan volume grows by 30% in the 3rd quarter and hits all time high level
Latvian financial services company AS DelfinGroup provides a highlight of selected operational data for 2021 Q3. In Q3 AS DelfinGroup issued new loans in the amount of 15.3 MEUR which is a 29% increase compared to the previous quarter and is the all-time highest amount of loans issued in a single quarter. The net loan portfolio at the end of Q3 2021 also reached a record level in the company’s history – 35.8 MEUR, a 32% y-o-y increase. This information is consistent with the business description and operational targets indicated in IPO prospectus of AS DelfinGroup.
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October 4, 2021
Company News
There will be a webinar on frequently asked questions about the ongoing AS DelfinGroup IPO
AS DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on October 6, 2021 at 11:00 AM in English and at 1:00 PM in Latvian (EEST). To join the webinar please follow the instructions below.
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October 4, 2021
Company News
The Company Publishes the Report on AS DelfinGroup by LHV Bank
Currently subscription for AS DelfinGroup IPO shares is taking place on the Nasdaq Riga stock exchange. LHV Bank regularly writes reports on companies listed on the Nasdaq Baltic Exchange, providing institutional investors with an independent assessment of companies in the Baltic region, including financial forecasts. As of 4 October, the report about AS DelfinGroup made by LHV Bank is also available on the company's website in English: www.delfingroup.lv.
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October 4, 2021
Company News
Only One Week Left to Subscribe for AS DelfinGroup shares
Subscription for shares of the first Initial Public Offering (IPO) on Nasdaq Riga this year is nearly over – only 7 days left (until 11 October inclusive) to subscribe for AS DelfinGroup IPO shares. Price per offer share is EUR 1.52 and the minimum subscription amount per investor is 1 share. However there is no limit for the maximum amount of share subscription.
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September 29, 2021
Company News
Recording of the AS DelfinGroup investor conference webinar on the Initial Public Offering of shares (IPO)
On September 28, 2021 AS DelfinGroup organized Investor Conference Webinar.
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September 27, 2021
Company News
AS DelfinGroup goes public and launches Initial Public Offering on Nasdaq Riga
Latvian financial service company AS DelfinGroup launches initial public offering (IPO) on Nasdaq Riga on Tuesday, 28 September 2021. The offer period will last until 11 October. Private and institutional investors will have the opportunity to subscribe to 7,300,000 new shares. The company has an over-allotment option for additional 1,095,000 shares, hence, the total number shares in issue can reach 8,395,000. Price per offer share is EUR 1.52 and the minimum investment amount per investor is 1 share.
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September 24, 2021
Company News
AS DelfinGroup to host webinars for Latvian, Lithuanian and Estonian retail investors
Latvian financial service company AS DelfinGroup is going to be one of the first companies in the history of Nasdaq Riga to communicate with potential investors and hold almost all IPO related meetings online by means of modern technology. From 22 September to 11 October AS DelfinGroup will host both private and public investment webinars for retail investors in Latvia, Lithuania and Estonia. Webinars and interactive presentations will be facilitated by Nasdaq Riga, LHV Bank and other platforms. The purpose of these webinars is to encourage the residents of the Baltics states to invest in the local capital market, and inform retail investors about the initial public offering of AS DelfinGroup planned for this fall.
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September 24, 2021
Company News
AS DelfinGroup invites to investor conference webinar about the Initial Public Offering of shares (IPO)
AS DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on September 28, 2021 at 11:00 AM in English and at 1:00 PM in Latvian (EEST). To join the webinar please follow the instructions below.
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September 22, 2021
Company News
FCMC approves AS DelfinGroup IPO prospectus
The Financial and Capital Market Commission (FCMC) at its 21 September Supervisory Board meeting has approved the prospectus for initial public offering (IPO) of the Latvian financial service company AS DelfinGroup. The DelfinGroup IPO will be the first IPO of the shares on Nasdaq Riga since 2017.
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September 14, 2021
Company News
DelfinGroup received Latvian Corporate Governance award for the most successful selection of Supervisory board
Latvian financial service company AS DelfinGroup has received the 2021 Latvian Corporate Governance award for implementing sustainable good corporate governance practice in the company. Corporate Governance awards were presented by Corporate Governance Advisory Board (CGAB) for the first time to recognize the best governed companies in Latvia. AS DelfinGroup won the Corporate Governance award in the category of the most successful selection of a supervisory board.
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September 13, 2021
Company News
AS DelfinGroup shareholders approve IPO prospectus for submission to FCMC
On September 10 shareholders of the Latvian financial service company AS DelfinGroup approved the prospectus for an initial public offering (IPO). During the IPO, up to 8,395,000 new shares of the company will be issued. The IPO prospectus will be filed with Financial and Capital Market Commission (FCMC) for approval.
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September 10, 2021
Company News
DelfinGroup Plans to Grant Share Options to Employees as Part of a Long-Term Motivation Program
On September 9, 2021 the shareholders’ meeting of the Latvian financial services company AS DelfinGroup decided to issue up to 450, 000 shares as part of a long-term motivation program for the employees of the company.
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September 6, 2021
Company News
DelfinGroup will pay out EUR 0.43 million in dividends for the second quarter of 2021
On the 3 September 2021, the shareholder`s meeting of the Latvian financial service company AS DelfinGroup approved the financial results of the first half of 2021, and it was decided to pay out EUR 431 thousand in second-quarter dividends or EUR 0.011 per share. As a result, by the end of September 2021, the total dividends paid out this year will reach EUR 3.2 million or EUR 0.08 per share. It is expected that the quarterly dividends will be paid out by 30 September.
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August 26, 2021
Company News
AS DelfinGroup expands in regions by acquiring AS Moda Kapitāls pawn shop business
Latvian financial service company AS DelfinGroup is expanding in the Latvian regions and has signed a contract with AS Moda Kapitāls (the owner of the fourth largest pawn shop network in Latvia) to purchase the Moda pawn shop business by the end of 2021. AS Moda Kapitāls owns 25 pawn shop branches throughout Latvia. Among other things, the contract will involve the sale of the AS Moda Kapitāls pawn loan portfolio; hereafter AS Moda Kapitāls will specialise in the mortgage loan and consumer loan segments. The approximate price of the transaction is 950 000 euros, but the precise contractual amount will be determined once the transaction has been completed at the end of 2021.
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August 13, 2021
Company News
AS DelfinGroup Invites to Its First Public Investor Conference Webinar on the financial results of the 6 month period of year 2021
AS DelfinGroup invites investors, mass media representatives and other stakeholders to join its investor conference webinar scheduled on August 20, 2021 at 10:00 AM (EEST). To join the webinar please follow the instructions below.
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August 13, 2021
Company News
AS DelfinGroup publishes financial targets for 2022
Latvian financial service company AS DelfinGroup announces the financial guidance for 2022, representing interim targets of previously announced long term targets for the year 2024. Financial targets set for 2022 foresee EBITDA to reach 12 million euros and profit before tax of 8.7 million euros. This announcement complements information about the long-term targets for year 2024 announced by the Company on 28 July 2021.
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August 11, 2021
Company News
Shareholders of the AS DelfinGroup have decided to set up the Risk and Audit Committee and appoint BDO ASSURANCE as the sworn auditor
On 9 August 2021, the shareholder meeting of AS DelfinGroup endorsed the decision to set up the Risk and Audit Committee. AS DelfinGroup Supervisory Board member Jānis Pizičs and independent Supervisory Board members Edgars Voļskis and Gatis Kokins were approved in shareholders' meeting to serve on the Committee for a period of three years.
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August 3, 2021
Company News
DelfinGroup has Hired a New Finance Director with International Experience in the Fintech Sector
AS DelfinGroup is expanding its management team in preparation for an initial public share offering (IPO) on the Nasdaq Riga Stock Exchange. Former Finance Director and Board Member, Kristaps Bergmanis, will focus on investor relations and the IPO process, and from now on the Finance Director’s duties will be carried out by financial industry professional, Aldis Umblejs.
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July 28, 2021
Company News
AS DelfinGroup publishes financial targets for 2024
Latvian financial services company AS DelfinGroup announces the financial targets for 2024. According to the plans, AS DelfinGroup looks to double the consolidated net loan portfolio by 2024, reaching 70 million euros. By increasing profitability, the Company plans to achieve profit before tax of 12.9 million euros in 2024. This announcement replaces any other forward-looking information provided by the Company.
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July 22, 2021
Company News
With a new branch in Valmiera, Banknote pawn shop network is expanding the availability of financial services in the Vidzeme region
Latvian financial service company AS DelfinGroup has opened a new branch of Banknote pawn shop network in Valmiera, at Cēsu iela 11, thus expanding the availability of financial services in regions. The new branch is a multifunctional point for the circulation of goods and services, where people can buy and sell pre-owned goods, as well as receive several types of loans.
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July 12, 2021
Company News
Banknote branches are highly evaluated in the competition “Latvia's Best Trader 2020”
This year Latvian financial services company AS DelfinGroup participated in the client service quality assessment competition “Latvijas Labākais tirgotājs 2020” (Latvia's Best Trader 2020) for the first time and received two winning titles in the store category.
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July 9, 2021
Company News
DelfinGroup issues new bonds in the amount of 5 million euros via private placement with a coupon rate of 9.75%
On July 9, 2021 Latvian financial service company AS DelfinGroup has successfully issued bonds via private placement in the amount of 5 million euros with an annual coupon rate of 9.75%. The nominal value of a bond is 1 000 euros and minimum subscription size was 100 000 euros. Despite the lowest coupon price in the history of the company the demand for bonds exceeded the size of the issue 1.85 times.
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June 7, 2021
Company News
DelfinGroup pays 1.5 million euros in dividends
On June 4 of this year, the shareholders' meeting of the Latvian financial service company AS DelfinGroup decided on the approval of the financial results for 2020 and the payment of dividends in the amount of 1.5 million euros.
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May 7, 2021
Company News
Clarification on Indirect Changes in the Ownership Structure of the DelfinGroup’s Shareholder
At the end of April of this year, changes were made in the ownership structure of SIA L24 Finance, a shareholder of AS DelfinGroup, which currently are being registered. The Kesenfelds family’s company SIA ALI Investments has become indirect shareholder of SIA L24 finance. However, no changes have been made in the rest of the DelfinGroup’s shareholder structure. The Chair of the supervisory board and the company's largest shareholder Agris Evertovskis controls the company through SIA EC finance and SIA AE consulting, as well as 3.5% of the company is still owned by the DelfinGroup’s management team – the management board members. On 6 May in the Register of Enterprises of the Republic of Latvia are registered changes in the way how A. Evertovskis is exercising control in the AS DelfinGroup.
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March 31, 2021
Company News
Gatis Kokins, Dr. Edgars Voļskis, Mārtiņš Bičevskis and Jānis Pizičs are joining DelfinGroup supervisory board
The meeting of shareholders of Latvian financial service company AS DelfinGroup has appointed new supervisory board members – financial, corporate governance and fintech experts Gatis Kokins, Edgars Voļskis, Mārtiņš Bičevskis and Jānis Pizičs. Current supervisory board chairman Agris Evertovskis will serve another five-year term.
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March 25, 2021
Company News
DelfinGroup Sees 45 Candidates From Seven Countries Apply to Become Supervisory Board Members in International Selection Process
A total of 45 candidates from seven countries—Estonia, Lithuania, Latvia, Croatia, Azerbaijan, Turkey and India—have applied to Latvian financial corporation DelfinGroup’s international selection process for the role of professional, independent supervisory board members. The highest number of applications from upper-level managers were received from applicants working in the banking, loans, auditing, IT, telecommunications, energy, logistics and real estate sectors.
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March 23, 2021
Company News
DelfinGroup plans IPO on Nasdaq Baltic Market
AS DelfinGroup, which operates in Latvia’s financial sector, plans to launch its initial public offering (IPO) of shares on the Nasdaq Riga stock exchange during 2021. The amount and price of shares to be issued will be publicised before the initial public offering is officially announced according to an offering prospectus approved by the regulator. AS DelfinGroup has recorded seven years of successful experience in issuing bonds on the Nasdaq Riga stock exchange and has cooperated successfully with thousands of investors, attracting financing on a P2P mutual lending platform.
By attracting additional financing, AS DelfinGroup aims to strengthen its position as market leader and develop new and innovative consumer lending products for various social groups. With its new financial technology solutions, the company plans to further develop its consumer lending business in order to compete even more successfully in the segment, including competition with traditional banks.
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March 4, 2021
Company News
DelfinGroup announces dividend payment of EUR 1,3 million
On March 3, 2021, the Shareholders' Meeting of AS DelfinGroup approved a decision on the pay out of quarterly dividends in the amount of EUR 1,3 million after tax. Dividends will be paid until 31 March 2021 and in compliance with the terms and conditions of the debt securities issues LV0000802213, LV0000802379 and LV0000802429.
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March 3, 2021
Company News
DelfinGroup opens 4 new branches in Riga, pursues expansion in regions
Over the last quarter, Latvian financial service company opened four new branches in Riga - on Avotu street 25, Juglas street 45, Centrāltirgus street 3 and Deglava street 20. As a result, the group’s pawnshop network Banknote has grown to 91 branches all over Latvia.
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February 19, 2021
Company News
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.
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January 19, 2021
Company News
DelfinGroup becomes a joint-stock company
Riga, 2021-01-19 14:27 CET -- DelfinGroup, which operates in Latvia’s financial sector, has completed the process of reorganization by changing its legal status from a limited liability company to a joint-stock company. The share capital of AS DelfinGroup is EUR 4 million and consists of 40 million shares, the value of each share being EUR 0.10.
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