Delfin Group — Audit Report / Information 2014

Apr 30, 2015

Audited financial statements of SIA ExpressCredit for the year 2014

SIA ExpressCredit Group's turnover reached EUR 16,6 m and Group worked with net consolidated profit of EUR 1,4 m for the year 2014.

Group has worked successfully over the period from 1 January to 31 December 2014. Total revenue for the period increased by 21% over the 2013 and reached EUR 16 627 992.

Due to implementation of the chosen business strategy, the Group’s financial indicators continued to improve in year of 2014:

-       During the period, the Loan portfolio of the Group has increased significantly – by 28% - and reached EUR 6.2 million;

-       As at 31 December 2014, the amount of the Group’s assets equaled EUR 10.9 million ;

-       Net profit for 2014 was EUR 1 401 563 (2013 EUR 379 116).

SIA ExpressCredit submits audited consolidated and stand alone financial statement of the year 2014.

SIA ExpressCredit submits Corporate governance report for year 2014.

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SIA ExpressCredit is a licensed non-bank lending institution, which was founded in the 2009. SIA ExpressCredit operates 95 branches under the brand name Lombards24.lv in 38 largest Latvian cities and towns, offering loans against pledge of movable property (Lombard credits), loans without collateral, loan against vehicle collateral and mortgage loans. The Company has provided services to more than 200 thousand customers. The owners of SIA ExpressCredit are SIA Express Holdings (51%), SIA Ebility (24,5%) and SIA AE Consulting (24,5%).

Contacts:

Kristaps Bergmanis

Tālrunis: +371 29144168

Fax: +371 67809194

E-mail: Kristaps.Bergmanis@expresscredit.lv