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“Regardless of the uncertainty within the international economic system, demand for shopper credit score merchandise has not weakened, and folks’s capability to pay continues to be larger than anticipated in a interval of rising rates of interest and inflation. Within the automobile financing phase, after a barely slower begin early in 2023, we recovered the dynamics within the second half. This combined pattern was, nonetheless, to be anticipated, as folks briefly postponed massive purchases.
In 2023, we efficiently addressed the diversification of our funding construction by unlocking quite a few extra financing channels like native influence funds, financial institution investments, native notes, and the newest bond subject that attracted €50 million and onboarded over 2 000 new traders primarily from the Baltics. Additionally, we proceed to keep up lean operations and robust value self-discipline. Along with the rising digitization of our every day processes, we’ve managed to keep up a really cost-effective enterprise even in an inflationary surroundings.
Going ahead, we need to preserve natural progress in our 16 markets, with extra accelerated progress in markets acquired in mid-2023 are additionally open to exploring alternatives by way of new merchandise and market launches or acquisitions. Having a well-diversified debt stack in place with no important maturities upcoming in 2024, our focus will probably be on potential fairness elevating, exploring alternatives each in Baltic markets and out of doors”
