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JSC “Moda kapitāls” comments on approved amendments of the Consumer Rights Protection Law
With a reference to the amendments to the Consumer Rights Protection Law approved by the Latvian parliament (Saeima) that stipulates limitations to the total credit costs for the consumer to 0,07% per day, JSC Moda kapitāls informs that it will continue to provide consumer lending services in Latvia after the approved amendments come into force on July 1, 2019.
According to sustainable revenue and expenditure planning policy, the Company believes that its ability to fulfill the obligations arising from the bonds will remain unchanged, because the proportion of the consumer in the loan portfolio is minor.
Member of The Board JSC “Moda kapitals”
Phone Nr: +37167344234