“Regardless of the uncertainty within the world financial system, demand for client credit score merchandise has not weakened, and other people’s capability to pay continues to be larger than anticipated in a interval of rising rates of interest and inflation. Within the automobile financing section, after a barely slower begin early in 2023, we recovered the dynamics within the second half. This blended development was, nonetheless, to be anticipated, as folks briefly postponed giant purchases.
In 2023, we efficiently addressed the diversification of our funding construction by unlocking quite a few extra financing channels like native affect funds, financial institution investments, native notes, and the newest bond situation 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 price self-discipline. Along with the rising digitization of our day by day processes, now we have managed to keep up a really cost-effective enterprise even in an inflationary atmosphere.
Going ahead, we wish to keep natural development in our 16 markets, with extra accelerated development in markets acquired in mid-2023 are additionally open to exploring alternatives by means of new merchandise and market launches or acquisitions. Having a well-diversified debt stack in place with no vital maturities upcoming in 2024, our focus can be on potential fairness elevating, exploring alternatives each in Baltic markets and out of doors”
