INDEXO

Earnings Release • Jan 7, 2026

INDEXO Bank more than doubles its customer base in 2025, reaching nearly 50,000 clients by year-end

AS INDEXO Bank increased its customer base by 1.9 thousand during December, reaching 49.7 thousand clients by the end of the year. Compared to the end of 2024, when the bank had 21.1 thousand clients, the number of customers has more than doubled. Meanwhile, the bank’s loan portfolio reached EUR 55.5 million by the end of last year, with new loans amounting to EUR 6.7 million issued in December alone.

The volume of client deposits reached EUR 73.6 million at the end of December, compared to EUR 33 million at the end of 2024. In December, INDEXO Bank paid EUR 135.6 thousand in interest to its clients, while total interest payments during 2025 amounted to EUR 1.19 million.

“We closed 2025 with significant growth across all INDEXO Group business lines, and the scale of the bank’s operations more than doubled over the year. We continue our gradual and sustainable growth, placing particular emphasis on the development of the bank’s lending activities. In December, INDEXO completed the voluntary share buyback offer of AS DelfinGroup and acquired a 67.42% stake in the company. Together with the AS DelfinGroup management team, we are working on a concrete synergy plan and the steps for its implementation,” says Jānis Mūrnieks, Member of the Management Board of INDEXO Bank and Head of Retail Banking.

Meanwhile, the total number of clients of INDEXO Group’s pension management companies — including IPAS INDEXO, AS Indexo Atklātais Pensiju Fonds, and IPAS VAIRO — exceeded 159 thousand by the end of December, while assets under management surpassed EUR 1.56 billion.

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 159 thousand clients entrust the group with managing their pension savings totaling more than EUR 1.56 billion. 

INDEXO Bank, a credit institution licensed by the European Central Bank, serves nearly 50 thousand clients, with total client deposits amounting to EUR 73.6 million and EUR 55,5 million in loans.                      

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with over 7 300 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.     

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