INDEXO — Capital/Financing Update 2026

May 7, 2026

On the Commencement of trading of AS INDEXO Banka subordinated bonds

The first trading day of the Tier 2 subordinated bonds of AS INDEXO Banka, a wholly owned subsidiary of IPAS INDEXO, has been approved. Trading of AS INDEXO Banka’s subordinated bonds on the Nasdaq Riga regulated market, in the Baltic Bond List, will commence on 11 May 2026.

The subordinated bonds were issued as part of a public offering to retail and professional investors in Latvia, Lithuania, and Estonia. The purpose of the issue is to support the growth of AS INDEXO Banka’s loan portfolio and to strengthen the bank’s overall capital base. 

About INDEXO financial services group 

INDEXO is a financial services group that includes pension management companies IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, IPAS VAIRO, as well as INDEXO Bank and AS DelfinGroup.

The pension management companies within the INDEXO group in Latvia offer modern 2nd and 3rd pillar pension plans. More than 160 thousand clients entrust the group with managing their pension savings totaling more than EUR 1.6 billion.

INDEXO Bank, a credit institution licensed by the European Central Bank, serves nearly 60 thousand clients, with total client deposits amounting to EUR 102 million and EUR 87 million in loans.

Founded and headquartered in Latvia, INDEXO is a company listed on the Nasdaq Riga stock exchange with more than 8000 shareholders and bondholders. 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. 

DelfinGroup is a licenced fintech company established in 2009 and currently operating in Latvia and Lithuania. The company operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, pawn loans, and the sale of pre-owned goods online and at more than 80 branches across Latvia. For more information visit www.delfingroup.lv.

Contact information: 

Ieva Bauma  

INDEXO Head of Marketing and Communications 

E: ieva.bauma@indexo.lv  

P:+ 371 28 636 789