Press Releases
December 22, 2017
Company News
SIA ExpressCredit sell shares in subsidiary
As of December 21, 2017, the Enterprise Register of the Republic of Latvia registered sale of shares of SIA ExpressCredit subsidiary SIA EC investments. The share of SIA ExpressCredit in the subsidiary has decreased from 100% to 0%. SIA EC investments and shares were disposed of at a nominal share capital of EUR 3000.
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December 14, 2017
Company News
SIA ExpressCredit sell shares in subsidiary
As of December 14, 2017, the Enterprise Register of the Republic of Latvia registered sale of shares of SIA ExpressCredit subsidiary SIA EC finance. The share of SIA ExpressCredit in the subsidiary has decreased from 100% to 0%. There were no operations taking place at SIA EC finance and shares were disposed of at a nominal share capital of EUR 3000.
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December 13, 2017
Company News
SIA ExpressCredit shareholder meeting decision on extraordinary dividends
SIA ExpressCredit shareholders meeting on 13/12/2017 decided on extraordinary dividends in amount of 1 000 thousand EUR with respect to operational results for the 9 months of the year 2017. During 9 month of the year 2017 SIA ExpressCredit consolidated profit reached to 2 240 thousand EUR. The payout of dividends will be made till 31/12/2017 taking into account bond issue prospectus ISIN LV0000801322, LV0000801280 and LV0000802213.
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November 27, 2017
Company News
SIA ExpressCredit decreases bond nominal value for EUR 250 000
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 27/11/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 200.
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November 3, 2017
Financial statements
ExpressCredit financial results for 9 months of 2017
ExpressCredit group's turnover for the nine months of 2017 reached EUR 13.5 million and the Group closed a period with consolidated unaudited profit of EUR 2.2 million
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October 3, 2017
Company News
SIA ExpressCredit shareholder meeting decision on profits for the year 2016
SIA ExpressCredit shareholders meeting on 03/10/2017 decided to assign year 2016 profits and profit of previous periods totaling 1 070 thousand EUR to distribute as dividends. SIA ExpressCredit year 2016 profits reached 995 thousand EUR. The payout of dividends will be made till 30/11/2017 taking into account bond issue prospectus ISIN LV0000801322, LV0000801280 and LV0000802213.
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September 6, 2017
Company News
Information about the Member State of origin
Hereby SIA ExpressCredit informs on its Member State of origin in accordance with Article 3. 1, Part 7.1 of the Law on the Financial Instruments Market of the Republic of Latvia.
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August 24, 2017
Company News
SIA ExpressCredit decreases bond nominal value for EUR 250 000
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/08/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 250.
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August 4, 2017
Financial statements
SIA ExpressCredit financial results for first half year 2017
SIA ExpressCredit Group's turnover for the 1st half of 2017 reached EUR 8.7 m and Group worked with the unaudited net consolidated profit of EUR 1.44 m.
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June 22, 2017
Financial statements
CORRECTION: About publishing SIA ExpressCredit financial reports
Information about publishing SIA ExpressCredit financial reports for 2017, in accordance with AS Nasdaq Riga, rules On Listing and Trading of Financial Instruments in the Markets Regulated by the Exchange, is summarized below.Non-audited interim condensed consolidated reports will be published as follows:
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June 21, 2017
Financial statements
About publishing SIA ExpressCredit financial reports
Information about publishing SIA ExpressCredit financial reports for 2017, in accordance with AS Nasdaq Riga rules On Listing and Trading of Financial Instruments in the Markets Regulated by the Exchange, are summarized below.
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May 24, 2017
Company News
SIA ExpressCredit decreases bond nominal value for EUR 250 000
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/05/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 300.
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May 11, 2017
Financial statements
SIA ExpressCredit 1st quarter 2017 financial results
SIA ExpressCredit Group's turnover for the 1st quarter 2017 reached EUR 4,2 m and Group worked with unaudited net consolidated profit of EUR 0.68 m.
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April 24, 2017
Financial statements
Audited financial statements of SIA ExpressCredit for the year 2016
SIA ExpressCredit Group's turnover reached EUR 15,4 m and Group worked with net consolidated profit of EUR 0.96 m for the year 2015.
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February 28, 2017
Financial statements
SIA ExpressCredit unaudited consolidated interim financial statements for 12 month of the year 2016
The Group’s operations during the period has been successful. In 2016 the new amendments to legislation came into force, which led to significantly lower interest rates on consumer loans. Consequently, in line with expectations, total revenues in the period fell by 13.2% against 2015 and reached 15 081 843 euro.
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February 27, 2017
Company News
SIA ExpressCredit decreases bond nominal value for EUR 250 000
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 27/02/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 350.
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January 19, 2017
Company News
SIA ExpressCredit has made contribution to share capital of subsidiary
On 19th January, 2017 SIA ExpressCredit has made a contribution in Bulgarian 100% subsidiary's share capital in the amount of EUR 500 000. The subsidiary has been established to obtain authorization for lombard and consumer lending activities. The Company has not yet decided on a specific start-up time and volume.
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