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ER - INDEXO Bank signs first mortgage refinancing agreements worth EUR 2.42 million in June

Company: INDEXO Date: 2025-07-08 Language: English Register to download

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 INDEXO Bank signs first mortgage refinancing agreements worth EUR 2.42 million in June

**AS INDEXO Bank, which launched its mortgage refinancing service at the end of May, signed its first agreements in June, with a total value of EUR 2.42 million.** **Meanwhile, as of the end of June, refinancing transactions worth EUR 54.7 million were in various stages of progress.**

As of the end of June, the total number of INDEXO Bank clients reached 37.3 thousand – an increase of 2.1 thousand compared to the end of May. The bank’s loan portfolio grew to EUR 12.2 million by the end of the month, up by EUR 2 million compared to the previous month. Client deposits totaled EUR 48.3 million at the end of June, and the bank paid out EUR 89.7 thousand in interest to clients over the month.

“We’re seeing strong interest from people looking to refinance their mortgages, and we continue to actively issue offers. Even if a client ultimately doesn’t refinance with INDEXO, we know that our offer often pushes their “old” bank to respond by lowering their mortgage interest rates – and that’s a win for the people of Latvia. Challenging the market is a core INDEXO value, both in pensions and banking, and we’re pleased to see that our entry into the mortgage market is already creating tangible value for people in Latvia,” says Jānis Mūrnieks, Member of the Management Board and Head of Retail Banking at INDEXO Bank.

Meanwhile, pension management company IPAS INDEXO had 144,995 pension clients as of the end of June, with EUR 1.346 billion in assets under management.

**About INDEXO** 

INDEXO is a financial services group that includes pension management companies and INDEXO Bank.  

INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia. It is one of the fastest-growing pension managers in the Baltics, with over 144 thousand customers and more than EUR 1.34 billion assets under management.  

INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 37 thousand clients, with total client funds amounting to EUR 48.3 million and EUR 12.2 million in issued consumer loans.  

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with more than 6,400 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services. For more information visit www.indexo.lv.   

  

      Contact information:

      Ieva Bauma

      INDEXO Head of Marketing and Communications

      E: ieva.bauma@indexo.lv

      P: +371 28 636 789

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