Delfin Group

Earnings Release • Apr 29, 2016

Audited financial statements of SIA ExpressCredit for the year 2015

SIA ExpressCredit Group's turnover reached EUR 18,2 m and Group worked with net consolidated profit of EUR 1,5 m for the year 2015.

Operations of the Group’s parent company and Group during the reporting year have been successful. Total revenues of the Group’s parent company and Group for the fiscal year increased respectively by 6.9 % and 10.7% and amounts to EUR 17.3 million for Group’s parent company and EUR 18.2 million for the Group.

2015 income structure is as follows: regular lending against pledges (pledge secured loans and sale of pledged assets subsequent to loan repayment default) – 49% (2014: 46%), non-secured loans – 51% (2014: 54%) and other income – 1% (2014: 1%). As to the profitability of operational segments, then regular lending against pledges represents 73% of profit (2014: 75%), non-secured loans – 29% (2014: 33%), other income – 2% (2014: 8%).

Due to implementation of the chosen business strategy, the following financial ratios were achieved in 2015:

Position	EUR	Increase / (decrease) %
Net loan portfolio, the Group's parent company	6.2	5.1
Net loan portfolio, the Group	6.5	3.2
Assets, the Group's parent company	11.2	3.7
Assets, Group	10.7	2.1
Net profit, the Group's parent company	1.3	4.8
Net profit, Group	1.5	7.9

SIA ExpressCredit submits audited consolidated and stand alone financial statement of the year 2015.

SIA ExpressCredit submits Corporate governance report for year 2015.

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SIA ExpressCredit is a licensed non-bank lending institution, which was founded in the 2009. SIA ExpressCredit operates 96 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%).

Contacts:

Kristaps Bergmanis

Tālrunis: +371 29144168

Fax: +371 67809194

E-mail: Kristaps.Bergmanis@banknote.lv