In 2023, Entry Finance was in a position to set up and keep its market positions regardless of the intensifying competitors within the phase and an unsure macro setting. The corporate’s revenues elevated by 9% on an annual foundation, reaching over BGN 53 million, because of elevated common quantities used for credit score merchandise and realized larger profitability per product unit.
The corporate manages a mortgage portfolio of almost 162,000 energetic bank cards and loans, of which 35,000 are newly issued bank cards and loans.
The gross mortgage portfolio reached BGN 68 million and grew by 12% on an annual foundation, regardless of the slight decline in energetic loans of 1% for the final yr, and was the results of a rise within the common quantities used.
The quantity of granted loans elevated by BGN 38 million in comparison with the earlier yr, 2022, from BGN 277 million to BGN 316 million, or this is a rise of about 14%.
The corporate’s revenue earlier than taxes elevated by 68% in 2023 and reached BGN 11 million. The web revenue additionally elevated in 2023 and reached BGN 9.9 million in comparison with BGN 6 million in 2022, or a relative progress of over 50%.
See Entry Finance’s audited report HERE.
