ExpressCredit changes its name to DelfinGroup
On February 4, 2020, the Enterprise Register of the Republic of Latvia registered changes in the name of SIA ExpressCredit based on the shareholder decision made on February 3, 2020.
ExpressCredit changed its legal name to DelfinGroup, informs the company’s CEO Didzis Ādmīdiņš. The new corporate identity represents not only a new name, but also an updated mission and values.
One of the largest non-bank consumer lenders in Latvia, ExpressCredit, known by its brand names Banknote and VIZIA, announces the change of its corporate identity.
From now on, employees, cooperation partners, investors and regulators will know the holding as DelfinGroup; the terms of cooperation will stay the same and there is no need to change existing agreements.
Along with the new corporate identity, the company has updated its mission – to create and provide simple, customized finance solutions to people.
DelfinGroup’s vision is to achieve the highest recognition level on the basis of its existing values: simplicity, accessibility, respect, and progress. The company has also defined three new values that are already an integral part of its development:
Ambition, supported by determination, long-term perspective and growth;
Mastery, supported by professionalism and high standards;
Major focus on the client, supported by in-depth understanding and tailored solutions.
The change of the corporate identity was necessary to better reflect what the company is doing and is planning to do moving forward, Ādmīdiņš explains. The holding already offers a diverse mix of non-bank consumer lending services and is in the process of creating new custom finance solutions. The new name is future-oriented to facilitate the holding’s growth through the development of new finance products and solutions.
Over its ten-year history, the holding has experienced rapid growth, particularly in the recent years. The key factor to the success is a high level of client service achieved by increased convenience of services and online availability, further bolstered by investments in information systems and data processing. Another element of success is the regularly upgraded and optimized network of 87 branches all over Latvia.
Ādmīdiņš is convinced that the new company name will be strong and well suited for the products offered by DelfinGroup.
Information for investors: the issue terms of company's bonds are not affected by the change of name. Only the full name of the securities will be changed as follows:
For ISIN LV0000802213:
ExpressCredit 14% 2021 notes issue -> DelfinGroup 14% 2021 notes issue
For ISIN LV0000801322:
ExpressCredit 7Y 15% notes issue -> DelfinGroup 7Y 15% notes issue
For ISIN LV0000802379:
ExpressCredit 14% 2022 notes -> DelfinGroup 14% 2022 notes
SIA DelfinGroup 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 87 branches, employs more than 250 professionals and has paid 2.7 million euros in taxes for the year 2018. SIA DelfinGroup is a member of LAFPA and LTRK and has qualified for Gold level status of SRS cooperation program.
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