Financial Services, Latvia, Loan

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 12:17

Creamfinance Latvia non-bank lender boosts sales in 2015

BC, Riga, 31.05.2016.Print version
Creamfinance Latvia non-bank lender, representing Crediton.lv and Ladyloan.lv brands in 2015 generated EUR 2.66 million in sales, informs LETA.

The company’s sales rose last year compared to EUR 1.81 million in 2014.

 

Creamfinance Latvia in 2015 sustained loss worth EUR 257,327 in contrast to a profit worth EUR 24,300 in 2014, according to Firmas.lv business database.

 

Creamfinance Latvia head Liga Treiliha said in a statement to the press that the number of issued loans grew by more than 25 percent last year to 69,826 loans compared to 55,505 loans in 2015. The company’s service portfolio also expanded, and a new product was developed – a credit line. In 2015, also a new product – Ladyloan.lv – was developed with women as its target audience.

 

This year Creamfinance Latvia plans to further develop its services and increase the number of loans.

 

Creamfinance Latvia is a part of Creamfinance group uniting professional non-bank lenders in Latvia, the Czech Republic, Poland and Georgia. In the nearest time, Creamfinance plans to start operations in Denmark.

 

According to Firmas.lv, the sole owner of Creamfinance Latvia is Cyprus-registered Cream Finance Holding Ltd.

 

In 2015, Creamfinance group posted EUR 22 million in sales, and EUR 1.1 million in profit.






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