NordCard: Audited monetary report for 2022 - Iuvo - Put money into loans. We made it secure

NordCard shares their audited annual report for 2022, and extra particulars in regards to the progress of the corporate and the administration selections that led to a optimistic monetary end result.

A number of the extra vital highlights of 2022:

With the aim to stabilize the enterprise indicators of the corporate and the curiosity revenue, NordCard has improved its insurance policies for granting new loans and debt assortment, which ends up in a optimistic internet monetary end result for
The web revenue of NordCard is reinvested again into the corporate and it covers gathered losses from earlier years.
NordCard maintains excellent ranges of liquidity in 2022, and the complete liquidity ratio reached 6.07 by the tip of the yr.
The managed by the corporate mortgage portfolio has elevated with 22% and it reached €3.4M with the assistance of P2P platforms, together with iuvo.
There is no such thing as a vital drop in borrower’s solvency, neither is it predicted one in 2023 due to the improved insurance policies for granting new loans and debt assortment.
The Latvian firm continues to not be affected by the present geopolitical battle, because it has no companions from the affected area and it doesn’t plan on having such.

See the audited report of NordCard for 2022 HERE.