Estonia, EU – Baltic States, Financial Services, Loan

International Internet Magazine. Baltic States news & analytics Friday, 14.06.2024, 01:52

Norwegian Folkia buys Estonian SMS-loan company Monetti

Juhan Tere, BC, Tallinn, 24.02.2009.Print version
The Norway-registered credit institution Folkia has bought the micro-loan company Monetti and its subsidiary, BBN/LETA reported.

The company aims to offer ethic and responsible service in Estonia, to help reforming the sector and retain the trust of the public.


Folkia said its strengths include fixed prices and transparent loan conditions, which offer secure and clear alternative to those people who are interested in unsecured loans.


The so-called fast-loan companies have lost the confidence of the public with their unprofessional activities. Folkia is familiar with the views of the Scandinavian markets where it has shown in the past three years that ethic, responsible and transparent micro-loan business is possible, the CEO of Folkia Per Spångberg said.

Search site