AS Capitalia unaudited interim consolidated financial statements for 6 months of 2016
OREANDA-NEWS. In the first half of 2016 AS Capitalia group increase the total turnover to EUR 426,346, which is 83% higher than for the corresponding period of the previous year. Company reported small losses while the total assets grew to EUR 3,087,085. During the first half of the reporting year Capitalia continued to concentrate on growth by developing new products as well as expanding its activities in the Estonian market. In June of 2016 company had reached a new monthly record of the issued loans by beating EUR 1 million milestone.
Also, Capitalia noticeably expanded its cooperation with marketplace platform Mintos through which investors have purchased Capitalia loans to small and medium sized businesses for the total value in excess of EUR 5 million. As a result of this partnership, Capitalia services more loans on the behalf of Mintos investors than on its own balance sheet. From the total loan volume similar and significant portion is constituted by financing to Latvian and Lithuanian clients, with loans to Estonian businesses compromising around 10% of the total portfolio. As of June 30, 2016 Capitalia had issued the total of EUR 15,570,409 of loans to small and medium sized businesses in the Baltic States.
Capitalia is the leading nonbank financing provider for small and medium enterprises in the Baltic States. To date Capitalia has financed more than 1000 enterprises investing over EUR 15m in start-up, expansion and restructuring capital.