SIA ExpressCredit shareholders meeting decided to assign year 2015 profits of 672 thousand EUR as undistributed
OREANDA-NEWS. SIA ExpressCredit shareholders meeting on 22/08/2016 decided to assign year 2015 profits of 672 thousand EUR as undistributed and profits in the amount of 700 thousand EUR distribute as dividends. SIA ExpressCredit year 2015 profits reached 1 372 thousand EUR. The payout of dividends will be made till 30/11/2016 taking into account bond issue prospectus ISIN LV0000801322 and LV0000801280.
SIA ExpressCredit is a licensed non-bank lending institution, which was founded in the 2009. SIA ExpressCredit operates 95 branches under the brand name Banknote (up to 23.11.2015 Lombards24.lv) in 40 largest Latvian cities and towns, offering loans against pledge of movable property (Lombard credits), loans without collateral. The Company has provided services to more than 250 thousand customers. The owners of SIA ExpressCredit are SIA Lombards24.lv (65,86%) and SIA AE Consulting (31,64%), Management (2,5%).