Riga, 2015-04-30 16:21 CEST (GLOBE NEWSWIRE) -- Business overview
For the last financial year following are the key reported operating indicators:
- Turnover has significantly grown reaching EUR 407 thousands;
- Total asset amount has been almost doubled reaching EUR 1.4 million;
- Net losses amount to EUR 75 thousands;
- Total of 153 businesses financed for the amount of EUR 1.6 million.
In 2014 company finalized a number of reorganization processes in order to grow the equity capital of Capitalia, as well as changed the legal status of the company from limited liability to joint stock company. In the fall of 2014 Capitalia successfully placed bonds in NASDAQ Riga stock exchange, as well as started implementation of state microlending support program, administered by Latvian Guarantee agency. As of the end of 2014 the total amount of attracted subordinated capital from Latvian Guarantee agency has been in the amount of EUR 100 thousands. The above-mentioned state support program allows Capitalia to issue significantly cheaper loans to businesses.
Future plans
In the following reporting period Capitalia is planning to actively increase the range of product portfolio offered to the clients. In addition, Capitalia is evaluating opportunities to start operations in the Estonian market. In Latvia, significant emphasis will be placed on successful implementation of state microlending support program.
About Capitalia
Capitalia is the leading financing and transaction advisory provider for small and medium enterprises in the Baltic States. To date Capitalia has financed more than 500 enterprises investing over EUR 10 million in growth of businesses.
Juris Grišins Manager T: +37129944395 E: juris@capitalia.lv
