Press Releases

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calendar 2022

DelfinGroup gives a warm gift to a large family before Christmas

Thanks to the responsiveness of DelfinGroup employees, just before the most special of holidays, a single mother and her four children will have the opportunity to spend this and many more holidays in warmth, because part of the budget intended for Christmas gifts for employees was donated to provide heating options for a large family affected by the growing cost of living. Read more

Chairman of the Management Board of DelfinGroup: We are well-positioned for future growth

After the successful conclusion of DelfinGroup initial public offering, or IPO, which attracted almost 6 thousand shareholders, the public sale of the company's shares was launched on October 20, 2021. During this year, the company has become the largest Latvian company by market capitalisation represented on the Baltic Main List of Nasdaq Baltic. Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup, reviews the company's first year on the stock exchange and evaluates the benefits from the perspective of a listed company. Read more

DelfinGroup will pay out more than 833 thousand euros in dividends

Financial services company DelfinGroup will pay out 833,880.53 euros or 0.0184 euros per share in dividends from the profit made in the third quarter of 2022, as it was decided at the extraordinary shareholders' meeting of 9 December. In 2022, not including the planned payment for the third quarter, the company has already paid out dividends five times for almost 4.6 million euros, or 0.1013 euros per share, which ensures shareholders with stable profitability. Read more

DelfinGroup has attracted investments on the Mintos platform in the amount of 65 million euros in 2022 and will continue to attract funding in the future

Since 2015, via investment platform Mintos, investors have invested more than 421 million euros in loans issued by DelfinGroup, of which 65 million euros have been invested in 2022. Currently, almost 100,000 investors have invested in DelfinGroup loans on the Mintos platform. The average size of one investor's investment portfolio in loans issued by DelfinGroup is 330 euros, and the average return has been 10,6% per year. Read more

Significant increases in income, profit, and loan portfolio continue for DelfinGroup in Q3

In the third quarter of 2022, DelfinGroup maintained stable growth indicators in all segments of its business. The company's income showed a 48% year-on-year increase in Q3, reaching 9.6 million euros. In addition, profit before taxes rose 49%, to EUR 1.8 million, while the loan portfolio grew 39% since the beginning of the year, reaching EUR 59.7 million.In the third quarter of 2022, DelfinGroup maintained stable growth indicators in all segments of its business. The company's income showed a 48% year-on-year increase in Q3, reaching 9.6 million euros. In addition, profit before taxes rose 49%, to EUR 1.8 million, while the loan portfolio grew 39% since the beginning of the year, reaching EUR 59.7 million. Read more

Investment research company Enlight Research has published a report on DelfinGroup

"We believe DelfinGroup has an economic moat resulting in a sustainable superior ROE and dividend yield," says the headline of the analytical report on DelfinGroup published by investment research company Enlight Research. The analytical report published on November 3 is a valuable tool for analyzing companies when evaluating investment opportunities. The analysis characterises DelfinGroup as a long-term, profitable company with good growth potential. Read more

Almost 900 investors subscribed for DelfinGroup shares in the public offerings

885 investors subscribed for the company's shares in the public share offerings organised by the largest shareholders of AS DelfinGroup. The two largest shareholders of the company – SIA L24 Finance and SIA EC finance – sold 741,528 shares for a total value of 1,067,800 euros. As a result, the main goals of the public offerings will be achieved – to increase the market's liquidity and to ensure a free float of shares worth at least 10 million euros (subject to Nasdaq Riga approval), which is one of the requirements of the Baltic Main List on Nasdaq Riga stock exchange. Read more

DelfinGroup results for Q3 2022

In the 3rd quarter of 2022, DelfinGroup continued to show strong results in all main business segments. Read more

DelfinGroup continues to support Ukraine and donates 50,000 euros to the TEV association

Since the beginning of the war in February 2022, DelfinGroup has actively supported Ukraine - both its defenders and the residents of the country, who have suffered in the war or were forced to become refugees. The company has donated to the Children's Hospital Foundation, the foundation Entrepreneurs for Peace and now also to the TEV association. The total amount of donations is 250,000 euros. Until the end of the year, the TEV association will receive a monthly donation of 10,000 euros in order to promptly arrange and deliver the necessary things to the defenders of the country and the people in eastern Ukraine. Read more

The offer period for DelfinGroup shares has started on Nasdaq Riga stock exchange

On Monday, September 26, the Nasdaq Riga stock exchange started the offer period for the shares of AS DelfinGroup shareholders. Investors from Latvia, Estonia and Lithuania will be able to submit for purchase public offerings' shares until October 5 (including). Investors will have the opportunity to purchase part of the shares presently owned by the two largest shareholders of DelfinGroup – SIA L24 Finance and SIA EC finance. Shareholders will sell up to 5.4 million shares of DelfinGroup within the public offerings, i.e., up to 11.92% of all DelfinGroup shares. The price per share is EUR 1.44. Read more

Dividend payment ex-date of AS DelfinGroup

FCMC has approved the public offering of DelfinGroup shares owned by company shareholders

The Latvian Financial and Capital Market Commission (FCMC) has approved the prospectuses submitted by two of the largest shareholders of AS DelfinGroup – SIA L24 Finance and SIA EC finance - for the sale of some of their shares through a public offering. Thus, all investors in Latvia, Lithuania and Estonia will have the opportunity to purchase up to 5.4 million DelfinGroup shares. As part of the public offering, L24 Finance will offer to purchase up to 3.65 million shares, and EC finance - up to 1.75 million shares. Read more

Nauris Bloks, an experienced financial technology and innovation professional joins the management team of DelfinGroup

The management team of the Latvian financial service company DelfinGroup will be strengthened by Nauris Bloks, experienced in the fintech sector, who joins DelfinGroup as Chief Innovation Officer. In the future, he will promote the introduction of fintech technology innovative solutions in the company and participate in the strategic development of DelfinGroup. Read more

DelfinGroup continues to ensure regular dividend payments – 607 thousand euros will be paid for the second quarter of 2022

DelfinGroup will pay 607 282.56 euros in dividends for the second quarter of 2022 or 0,0134 euros per share, the shareholders resolved at their extraordinary meeting on 9 September. Continuing to adhere to the dividend payout frequency policy, which is unique to the Baltic stock market and beneficial to investors, since 1 January 2022, the company has paid dividends four times for almost 4 million euros, or 0.0879 euros per share, which ensures a high yield for the company's shareholders. Read more

DelfinGroup has renewed and upgraded the largest online store in Latvia for the sale of verified pre-owned goods

DelfinGroup has renewed its online store to sell pre-owned verified goods – veikals.banknote.lv. It will be the largest circular economy online store with verified pre-owned, slightly pre-owned, and new goods in Latvia and other Baltic countries. It already has more than 40,000 products available, and the range of products is updated and supplemented daily. Read more

DelfinGroup continues to grow and shows convincing financial results in the second quarter of 2022

DelfinGroup revenue in the second quarter reached 8.6 million euros, an increase of 46% compared to last year's period. Pre-tax profit increased by 30% to 1.96 million euros, while net profit was up by 47% to 1.22 million euros. In addition, the company's net loan portfolio increased by 62% compared to the first half of the last year, reaching 53.8 million euros. Read more

JSC DelfinGroup invites to join its webinar about the financial results of 6 months 2022

JSC DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on August 15, 2022 at 2:00 PM. To join the webinar please follow the instructions below. Read more

DelfinGroup is strengthening its leading position on the pawnshop market by taking over more loan portfolios

The financial group DelfinGroup continues strengthening its leading positions on the Latvian pawnshop market and has completed the takeover of the loan portfolios of six pawnshop branches of the Finance 360 pawnshop partnership. Among them were the loan portfolios of four branches of Loko Finanses in Rīga, Jūsu Lombards in Liepāja, and Ātrais kredīts in Rēzekne. Read more

Banknote branches receive praise in the Best Trader of Latvia 2021

For the second year in a row, the Latvian fintech company JSC DelfinGroup participated in the Best Trader of Latvia customer service quality assessment competition organised by the Latvian Traders Association (LTA) and the Latvian Association of Local and Regional Governments (LALRG). The expert jury praised all four Banknote pawn shop chain branches that joined the competition. Read more

AS DelfinGroup results for Q2 2022

AS DelfinGroup expands cooperation with Nordigen to improve data-based decision-making processes

To further expand on the ongoing successful collaboration since 2016, AS DelfinGroup has incorporated Nordigen's open banking platform to add to their technological toolkit and streamline their loan origination and credit assessment procedures. Read more

AS DelfinGroup raises 10 million euros in bonds and lists them on Nasdaq First North alternative market

On Tuesday, 21 June, Latvian financial group AS DelfinGroup starts listing 10 million euros bonds on Nasdaq First North alternative market of Nasdaq Riga. In late May, the company completed the issue of these bonds with the historically lowest annual coupon rate of 8%. The par value of one bond is 1000 euros, with a maturity date of 25 November 2023. The purpose of the bond issue is to diversify the financing structure and refinance existing liabilities on more favourable terms. Read more

LAST YEAR AS DELFINGROUP PREVENTED 10 793 TONS OF ADDITIONAL EMISSIONS

Latvian financial service company AS DelfinGroup has prevented the origination of 10 793 tons of additional carbon emissions by rendering circular economy services. As a result, according to the second sustainable corporate governance or ESG report released by AS DelfinGroup, the company has covered the carbon emissions of 2955 individuals in Latvia. The total amount of carbon gas emissions in Latvia is 3,59 tons per capita. Read more

DelfinGroup will pay 702 thousand euros in dividends for the first quarter of 2022

AS DelfinGroup will pay 702 453, 71 euros in dividends for the first quarter of 2022 or 0,0155 euros per share, the shareholders resolved at their extraordinary meeting on 10 June. Since the company’s initial public offering (IPO) in October 2021, it will have paid almost 4,5 million euros or 0,0992 euros per share in dividends which constitutes 6,53% of the IPO share price. 2542 429,23 euros or 0,0561 euros per share have already been distributed to shareholders. Moreover 1 953 274,5 euros or 0,0431 euros per share will be distributed in June and July according to the decision passed in this shareholders’ meeting. Read more

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. Read more

Notification on convocation of Extraordinary Meeting of Shareholders of AS DelfinGroup

Dividend payment ex-date of AS DelfinGroup

DelfinGroup income grows by 24% in the first quarter

AS DelfinGroup reports an income of 7,48 million euros in the first quarter, which is a 24% increase. Profit before tax increased by 42%, hitting 1,6 million euros, while net profit grew by 76% reaching 1,4 million euros. The company’s net loan portfolio increased by 46% year-on-year and achieved 47million euros. EBITDA in the first quarter was 2,58 million euros respectively, showing an 8% growth. Read more

Pawnshop industry quickly recovers post-COVID-19, and keeps digitising

With the easing of COVID-19 restrictions, the pawnbroker loan segment saw rapid growth in the first quarter of this year, according to the Q1 figures of Latvia’s biggest pawnshop network Banknote. In the first three months of 2022, Banknote, a pawnshop network owned by AS DelfinGroup, issued 3.6 million euros in pawnbroker loans: a 30% increase compared to the same period last year. The pawnshop market is expected to continue growing, with four leading tendencies defining its expansion in the coming years: market consolidation, digitisation, changes in standards, and the European Green Deal. Read more

DelfinGroup updates its strategy and forecasts stable development for the next three years

The Management Board of AS DelfinGroup has developed, and the Supervisory Board has approved an updated strategy for 2022-2024. It comprises four main development directions - improvement of retail loan segment, expansion of branch network and customer service, development of circular economy services (purchase and sale of pre-owned goods), digitization and deployment of the new technologies. AS DelfinGroup expects that by continuing to develop these key directions, the next three years will be the most financially successful in the history of the company. Read more

AS DelfinGroup continues supporting Ukraine with another EUR 100,000 donation

Having donated 100,000 euros to various charitable initiatives aimed at supporting Ukraine, AS DelfinGroup calls for other companies to be active and offer help to those defending Ukraine and the victims of the war. Children’s Hospital Foundation and Entrepreneurs for Peace movement will receive the donation. AS DelfinGroup has been providing assistance since the very beginning of the war, having donated a total of 200,000 euros. Read more

Draft resolutions of the Annual Meeting of Shareholders of AS DelfinGroup of 29 April 2022

AS DelfinGroup awarded status of a Family-Friendly Workplace

The Society Integration Foundation has commended AS DelfinGroup, and announced it as a Family-Friendly Workplace that puts the priority on people and their needs. These values represent a long-term focus in all areas pertaining to the company’s business: from staff development to business development and social responsibility. Read more

AS DelfinGroup results for Q1 2022

Dividend payment ex-date of AS DelfinGroup

Notification on convocation of Annual Meeting of Shareholders of AS DelfinGroup

AS DelfinGroup audited statements and Corporate Governance Report for 2021

The Management Board of AS DelfinGroup has prepared the audited annual report of 2021 and will submit it to the Annual General Meeting for approval. Compared to the unaudited report for 12-month period published on 25 February, financial results reamained unchanged. Read more

DelfinGroup is going to distribute almost 780 thousand euros in dividends for the results of Q4 2021

AS DelfinGroup will pay out dividends in the amount of EUR 779,5 thousand, namely EUR 0,0172 per share, the company’s shareholders approved at their extraordinary meeting on 28 March. Following the initial public offering (IPO), this is the second quarter in a row when the company’s shareholders will receive dividend payment. In total EUR 1, 3 million has been paid out in dividends for the 3rd and 4th quarters of the previous year. AS DelfinGroup has undertaken to distribute to the shareholders up to 50% of its quarterly profits and pay annual dividends in addition. Read more

Resolutions of the Extraordinary Meeting of Shareholders of AS DelfinGroup, dated 28 March 2022

DelfinGroup increases support for improving opportunities for seniors

Support for seniors throughout Latvia is an important and ongoing social initiative of AS DelfinGroup; therefore, this year the amount donated to the Association of Senior Communities in Latvia (LSKA) has been increased to improve the medical and technical equipment of several care institutions and provide seniors with essential knowledge and competencies. The aim of the long-term partnership is to improve the quality and conditions of life for seniors, as well as to expand opportunities in the long term. Read more

Draft resolutions of the Extraordinary Meeting of Shareholders of AS DelfinGroup, dated 28 March 2022

Top trends in retail sales of pre-owned goods in 2021: technologies, jewellery and power tools

In 2021 the demand for pre-ownedgoods increased in Latvia - phones, jewellery, laptops and power tools were among the most demanded categories of merchandise, according to Banknote statistics. Read more

Recording of the Q4 and 12 months 2021 investor webinar

AS DelfinGroup donates 100 000 euros to support Ukraine and calls for other companies to help the war victims

By donating EUR 100 00 AS DelfinGroup has decided to actively support Ukrainian people who have suffered in the war. The company will donate money to help two initiatives in support of Ukraine: 70 000 euros will go to Entrepreneurs for Peace, a movement initiated by technology companies, while 30 000 euros are meant for the initiative called For People of Ukraine, facilitated by Ziedot.lv. Read more

Sanita Zitmane appointed to the Management board of AS DelfinGroup

Sanita Zitmane, an experienced fintech manager, has begun working as a member of the Management board of the Latvian financial services company AS DelfinGroup, replacing Ivars Lamberts. Changes in the composition of the Management board have been registered with the Enterprise Register on 1 March 2022. Didzis Ādmīdiņš will continue as the Chairman of the Management board of AS DelfinGroup and Aldis Umblejs will continue as Chief Financial Officer and Member of the Board. Read more

Notification on convocation of Extraordinary Meeting of Shareholders of AS DelfinGroup

DelfinGroup reports the highest profit in the history of the company - 5.2 million euros before tax

2021 has been the best year in the history of AS DelfinGroup - according to the company's unaudited results both turnover and profit records have been achieved. The company’s revenue increased by 7.7% in 2021, reaching 25.5 million euros, while profit before tax reached 5.2 million euros, which is an increase of 7.2% compared to 2020. Read more

AS DelfinGroup invites to join its webinar about the unaudited financial results of 2021

AS DelfinGroup takes over the pawn shop business of AS Moda Kapitāls and expands the network of Banknote branches in Latgale

Latvian financial service company AS DelfinGroup has completed the acquisition of the AS Moda Kapitāls pawn shop business, which was started in August 2021. AS Moda Kapitāls owned the fourth largest pawn shop network in Latvia and the acquisition of its business will strengthen the leading position of AS DelfinGroup in regions. Read more

With support of AS DelfinGroup, a new velo spiroergometry ward is being set up at the Children's Hospital

The range of medical technologies of the Children's Hospital has a new addition - the first velo spiroergometer for children in Latvia, which helps to perform cardiopulmonary exercise tests. The new equipment has been purchased thanks to a donation of almost 60 thousand euros from AS DelfinGroup - a long-term supporter of the Children's Hospital Foundation. It is the first and only device in Latvia that performs examinations of the functionality children respiratory, blood, nervous, and musculoskeletal systems. Read more

AS DelfinGroup results for Q4 2021

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