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.

Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup: "Delfingroup has gained a reputation of an innovative financial service provider in Latvia and Baltics. We supplement the company's management team with strong industry professionals to continue developing simple, customer-tailored, and technology-based financial services. Joining our team by Nauris Bloks greatly benefits both the company and shareholders. I believe his knowledge and experience will contribute to achieving DelfinGroup increasingly ambitious business development goals."

For six years, Nauris had been working in the fintech industry company TWINO, where he has managed the IT support, infrastructure, and development teams. For the last four years, he held the position of Chief Technology Officer (CTO), responsible for IT in all countries of the company's operations, IT strategy, innovation, IT teams, and various development projects. Under the leadership of Nauris, new lending, AML, accounting, investment, and other systems were introduced, IT infrastructure was transferred to cloud services, IT management was optimized and streamlined, and several development projects were implemented.

Before that, Nauris held administrative positions for eight years and was a project manager in introducing intelligent vehicles in Rigas satiksme.

Nauris has qualified as an e-business and e-commerce specialist at the University of Latvia. In addition, the certificate of data protection specialist of the Data State Inspection has been obtained. Furthermore, Nauris is a Professional Board Member of the Baltic Institute of Corporate Governance and a certified business analyst of the International Institute of Business Analysis.

Chief Innovation Officer of DelfinGroup Nauris Bloks: "I am happy to join DelfinGroup, which has already shown stable growth over many years, offering customers modern and convenient financial services and becoming an essential provider of financial services in Latvia. I am sure that by combining the knowledge and resources of the DelfinGroup team with my experience and competence, we will be able to accelerate the development of the company by introducing new technological and innovative solutions following modern trends and opportunities. I see a great potential to apply cloud services, process automation, and artificial intelligence; to further develop machine learning, big data, and data engineering, and to experiment with augmented reality technologies and decentralized systems. Thus, we will be able to promote further the development, availability, and supply of financial services, as well as the promotion of the circular economy and green thinking."

About JSC DelfinGroup

JSC DelfinGroup is a licenced technology-based financial services company 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), and the sale of pre-owned goods online and at more than 90 branches across Latvia. On average, 35 thousand loans are issued monthly and serviced by a professional team of more than 300 JSC DelfinGroup employees. The company has a total of over 400,000 registered customers. Since 2014, JSC 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 the first half of 2022, the company's net loan portfolio grew to EUR 53.8 million, while its EBITDA reached EUR 5.8 million, with profits before income tax for dividends of EUR 3.6 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.

For further information, please contact:

Linda Eltermane,
JSC DelfinGroup Head of PR
Phone: +371 28700457
E-mail: [email protected]