In September, AS INDEXO Bank reached its highest monthly volume of newly issued loans – transactions worth €10.6 million were concluded in a single month, the majority of which were mortgage refinancing. As a result, INDEXO Bank’s total loan portfolio reached €35.8 million at the end of September, representing a 38% increase compared to the end of the previous month.
By the end of September, INDEXO Bank had 44.3 thousand clients – an increase of 2.2 thousand compared to the end of August. The total volume of deposits stood at €55.6 million, and clients received €95.3 thousand in interest payments during the month.
“INDEXO Bank continues to grow rapidly – in both September and August, the loan portfolio increased by more than a third, and the total volume of newly issued loans each month keeps reaching new highs. Moreover, the number of bank clients is growing steadily – by several thousand each month. We are also seeing increased client activity in bank accounts, which shows that customers are increasingly using INDEXO as their primary financial service provider,” said Jānis Mūrnieks, Member of the Management Board and Head of Development for the Retail Banking Segment of INDEXO Bank.
Meanwhile, the number of clients across the INDEXO Group’s pension management companies – including IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, and IPAS VAIRO – reached approximately 157 thousand at the end of September, with total assets under management amounting to €1.5 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, and INDEXO Bank.
The group’s pension management companies offer modern 2nd and 3rd pillar pension plans in Latvia. More than 157,000 clients have entrusted the management of their pension savings to the group, totaling over €1.5 billion.
INDEXO Bank, a credit institution licensed by the European Central Bank, serves more than 44,000 clients, with total client funds amounting to €55.6 million and a loan portfolio of €35.8 million.
Founded and based in Latvia, INDEXO is a publicly listed company on the Nasdaq Riga stock exchange with over 7,100 shareholders. The company’s mission is to advocate for a better financial environment in Latvia and to enhance the well-being of its residents by providing modern and personalized financial services.
More information is available at www.indexo.lv.
Contact information:
Ieva Bauma
INDEXO Head of Marketing and Communications
E: ieva.bauma@indexo.lv
P: +371 28 636 789