Published: 2019-12-05 14:26:23 CET
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SIA ExpressCredit registers a commercial pledge in amount of EUR 40.5 million

On 04/12/2019, SIA ExpressCredit has registered a commercial pledge according to the common structure of ExpressCredit group’s secured creditors. According to this structure, all claims by the holders of notes ISIN LV0000802379, ISIN LV0000802213, and ISIN LV0000801322, as well as claims by SIA Mintos Finance are now secured with all property and receivables owned by ExpressCredit group as a commercial pledge in amount of EUR 40.5 million.


SIA ExpressCredit is a licensed consumer lending company founded in 2009. The Group is represented by the brands "Banknote", "VIZIA" and "Riga City Pawnshop". The Group's core services are consumer loans, distance loans, pawn broking loans and money transfers in partnership with Western Union. In total, the Group operates in 39 Latvian cities and populated areas, a total of 89 branches, employs more than 270 professionals and has paid 2.7 million euros in taxes for the year 2018. SIA ExpressCredit is a member of LAFPA and LTRK and has qualified for Gold level status of SRS cooperation program.


         Kristaps Bergmanis
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